Yes, offshore (ie, as ENA) with an onshore or offshore counterparty, as it 
desires.  SS


   
	
	
	From:  Rod Nelson                           03/10/2000 07:37 AM
	

To: Sara Shackleton/HOU/ECT@ECT
cc:  
Subject: Pluspetrol

Can we trade financially in Argentina?

---------------------- Forwarded by Rod Nelson/HOU/ECT on 03/10/2000 07:35 AM 
---------------------------


Rodolfo Freyre@ENRON_DEVELOPMENT
03/09/2000 02:42 PM
To: Rod Nelson@ECT
cc: Jeff Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Pluspetrol


Rod,

We will be sending you the financial statements of Pluspetrol so that you can 
analyse it and send the credit worksheet to legal so that they fill the 
schedule and the credit support annex of the ISDA.  

Pluspetrol (CayCo) is interested in signing an ISDA with ENA so that they 
start hedging Crude Oil.  Pluspetrol is a very important company in Argentina 
and they are one of the largest crude oil producers.

We will send you the information soon.  

Tks,

Rolo
---------------------- Forwarded by Rodolfo Freyre/ENRON_DEVELOPMENT on 
03/09/2000 05:39 PM ---------------------------


Rodolfo Freyre
03/09/2000 05:16 PM
To: Susan Bailey/HOU/ECT@ECT@ENRON
cc:  

Subject: Pluspetrol


Susan,

The name of the Company is "Pluspetrol Resources Corporation LLC", setup in 
Cayman Islands.

Rolo