On Inland - 

	an offer in hand is worth four in the wind

Brian




Louise Kitchen
03/16/2001 03:43 PM
To:	Richard Lydecker/Corp/Enron@ENRON
cc:	Brian Redmond/HOU/ECT@ECT 
Subject:	Re: Inland Resources   

Excellent - it has been a great week for you guys.  Three dashes and a handshake deal.

Have a good week-end.

Louise



Richard Lydecker@ENRON
03/16/2001 10:06 AM
To:	Louise Kitchen/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT
cc:	 

Subject:	Inland Resources

Today we negotiated a handshake agreement with Smith Properties to buy out JEDI's position in Inland for $2 million ($1 million net to Enron).  The DASH minimum was $1.25 million ($612,500 net to Enron), the original offer.  Documentation will be simple:  our rep is limited to we own it and we can sell it.  Expect to close and fund next week.

Given the Inland situation and the absence of any foreseeable payment on our preferred, I view this outcome as very favorable.

Brandi Morris' work on this transaction was outstanding.







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