We have done an evaluation that showed our interest to be worth the following:

10%		12.5%		15%
$84mm		$73mm		$64mm

If you want to see the model let me know.

Cheers.

 -----Original Message-----
From: 	Hayslett, Rod  
Sent:	Tuesday, November 27, 2001 6:56 AM
To:	Howard, Kevin A.
Cc:	Ratner, Michael
Subject:	RE: Trailblazer w/S.Horton, D.McCarty

They took bids and I think have an offer of about $60 MM or so.

Michael: What do you know about this one?

 -----Original Message-----
From: 	Howard, Kevin A.  
Sent:	Tuesday, November 27, 2001 6:53 AM
To:	Hayslett, Rod
Subject:	RE: Trailblazer w/S.Horton, D.McCarty

yes, what is the deal that sounds reasonable?   

 -----Original Message-----
From: 	Hayslett, Rod  
Sent:	Tuesday, November 27, 2001 6:27 AM
To:	Howard, Kevin A.
Subject:	FW: Trailblazer w/S.Horton, D.McCarty

Can you attend this one for me?     They are working on the sale of our interest in the Trailblazer Pipeline.    Sounds like a reasonable deal to me.

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