My understanding is that our deal converted to the average of three IF 
indices + .01 (less transport and fuel) effective November thru February.  

The November price would then be $4.4767 + .01 = $4.4867 less $.2422 less 
0.3% fuel.
The December price would be $5.9967 + .01 = $6.0067 less $.2422 less 0.3% 
fuel.

Please let me know if this is not your understanding.  Also, please keep in 
mind ENA has taken losses on cashing out negative imbalances on this 
production.

Thanks,

Susan Pereira






"Kim Dillard" <kdillard@flash.net> on 12/13/2000 10:47:57 AM
To: <Susan.W.Pereira@enron.com>
cc: <Stevens_Hollister@eott.com> 
Subject: Gas Daily Prices for Bazor Ridge


Could you please forward me a copy of November Daily Gas Prices for the
Bazor Ridge Treating Facility.  I am responsible for filing the monthly
production reports for Rebel Drilling with the Mississippi Oil & Gas Board.
IF you have any questions, please feel free to call me at  713-374-2532.

Thanks,
Kim  Dillard