This is for physical gas for a monthly call at the money. 
The Balloon Fest schedule is Oct 10th (Wednesday evening) 
through noon Friday (Oct. 12th). 
Thanks, 
Art 
-----Original Message----- 
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com ] 
Sent: Tuesday, October 02, 2001 11:45 AM 
To: AAVALOS@pnm.com 
Subject: RE: 3rd Quarter of 2002 & year 2002 
Art, 
We can price this up for you but I have a couple of questions - 
1)  Is this physical or financial 
2)  Is is a daily call or monthly call 
3)  Would you like this priced at the money or $.50, $1.00 or more out of 
the money?  I other words, what do you want your cap to be? 
Thanks, 
Kim 
ps  What is the schedule for the baloon fest the 10th - 12th?  I'm trying 
to work around some meetings etc. 
 -----Original Message----- 
From:     "Avalos, Art" <AAVALOS@pnm.com>@ENRON 
          [mailto:IMCEANOTES-+22Avalos+2C+20Art+22+20+3CAAVALOS+40pnm+2Ecom+3E+40ENRON@ENRON.com ] 
Sent:     Tuesday, October 02, 2001 12:09 PM 
To:       Ward, Kim S (Houston) 
Subject:  3rd Quarter of 2002 & year 2002 
Kim, just for planning purposes, what would it cost to have a call option 
for year 2002 and for 3rd quarter of 2002 for 5,000 mmBtu's per day 
from the San Juan basin? 
Thanks 
Art Avalos 
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