Message-ID: <28801387.1075853181509.JavaMail.evans@thyme>
Date: Sun, 3 Sep 2000 02:17:00 -0700 (PDT)
From: richard.sanders@enron.com
To: linda.guinn@enron.com
Subject: Re: Ice Drilling - G/L calculation
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X-From: Richard B Sanders
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Set up a meeting with the accounting people w/knowledge of these figures asap



	Linda R Guinn
	08/22/2000 03:30 PM
		 
		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: 
		 Subject: Ice Drilling - G/L calculation

Below is the figure from accounting.  Let's discuss.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)

----- Forwarded by Linda R Guinn/HOU/ECT on 08/22/2000 03:28 PM -----

	Lisa King
	08/22/2000 12:58 PM
		 
		 To: Linda R Guinn/HOU/ECT@ECT
		 cc: 
		 Subject: Ice Drilling - G/L calculation

Linda-

Attached is a schedule detailing the gain/loss calculation for Ice Drilling.  
Apparently PriceWaterhouseCoopers acted as a receiver and sold Ice Drilling 
in August 99.  We received total cash proceeds of $9,583,845.74 between 
August and September, but the value of the asset on the books was 
$9,979,591.85 (loss of $395,746.11).  We also wrote off a receivable of 
$474,557.83.  In summary, we lost a total of $870,303.94 ($395,746.11 + 
$474,557.83).  I am assuming that we are trying to recover the total amount 
lost of $870,303.94.  Let me know if you need further information.

-Lisa