Gregg,

The changes look fine.  I thought I had already made them in the draft I sent 
to Coral the other day.  I guess I am losing my mind!

Stacy



	Gregg Penman@ENRON
	05/03/2001 01:06 PM
		
		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc: Steve Richman/Corp/Enron@ENRON
		 Subject: Re: Transaction Agreements

Stacy - 
Steve spoke with Coral about the Transaction Agreements today.  They had the 
following comments:
Transaction Agreement #1
1 - MaxDQ should be 20,346
2 - 3.2 and 3.4 - LD payment equal to $0.15 plus 1.7% x Spot Price rather 
than $0.017 x Spot Price

Transaction Agreement #2
1 - 3.2 and 3.4 - LD payments consistent with Transaction Agreement #1 rather 
than $0.20 and $0.25

I think these are all fine, but I wanted to run them by you.  I have made the 
requested revisions to the attached Agreements for your review.  Let me know 
what you think.

Thanks - Gregg








	Stacy E Dickson@ECT
	04/30/2001 10:36 AM
		 
		 To: mdpalmer@coral-energy.com
		 cc: Gregg Penman/Corp/Enron@Enron@ECT, Steve Richman/Corp/Enron@ENRON
		 Subject: Transaction Agreements

Mike, 

Attached are red-lined versions of the two Transaction Agreements for the 
transaction between Coral Energy Resources and enovate which includes the 
changes that we discussed.  Please call me at (713) 853-5705 with your 
comments.

Stacy