Mike,

Please let me know if and how I can be of further assistance.

Ricardo





	Michael Pearson
	05/16/2001 05:00 PM
		 
		 To: Ricardo Charvel/NA/Enron@ENRON
		 cc: Max Yzaguirre/NA/Enron@ENRON
		 Subject: Exit Strategy for Pemex Projects

Ricardo 

Just a note to let you know EECC successfully closed on our sale of ECH 
Offshore shares to Horizon Offshore today and were fully paid our outstanding 
loans, interest, and equity forecasted.  This enables us to exit from the 
pipeline projects on EPC 63 and 64 as planned.  Only CIGSA projects to wrap 
up now.

Thanks again for your assistance in this matter.


Mike