It is a 250 ft jackup drilling rig.  It has been in storage in Galveston for two years. 




Louise Kitchen@ECT
03/01/2001 12:57 PM
To:	Richard Lydecker/Corp/Enron@ENRON
cc:	 

Subject:	Re: 2001 Plan   

Just out of interest - what type of rig is Noram?



Richard Lydecker@ENRON
02/22/2001 09:09 AM
To:	Louise Kitchen/HOU/ECT@ECT
cc:	 

Subject:	2001 Plan

Louise, the $10.9 million negative in the plan as presented to you consists of:

	Inland		$4.6 MM
	Masada	$2.9 MM
	Linder		$3.4 MM

	Total		$10.9 MM

These assets had been scheduled originally to go into raptor 2.  Without a raptor hedge, these represent the difference between estimated valuein a monetization and carrying value.

In addition to the above, the following items are incorporated into the $20.7 MM delta ENA exposure vs. base value

	Noram rig	$0.9 MM  --  The purchaser defaulted on purchase.  Our expectation for value is now lower.
	Ecogas		$2.4 MM  --   We acquired this asset after the budget.
	Canfibre LOC	$4.5 MM  --   This contingent liability may or may not be paid depending upon certain performance tests at the Lackawanna Plant
	Calpine		$2.0 MM  --  This is a drilling commitment.  I always view these on a dry hole basis.

	Total		$ 9.8 MM

I hope this clarifies the numbers.  Dick.







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