3 tec if we are able to sell at all , proceeds will probably be less than $ 100 k .
- - - - - - - - - - - - - - - - - - - - - - forwarded by richard lydecker / corp / enron on 04 / 02 / 2001 04 : 12 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
brandi morris @ ect
04 / 02 / 2001 02 : 47 pm
to : richard lydecker / corp / enron @ enron
cc :
subject : 3 tec
description : 3 tec energy is as an oil and gas exploration and production company . formerly middle bay oil , the company operates primarily in east texas and the gulf coast region . it also has properties in the midcontinent region and the permian and san juan basins .
status : sales efforts temporarily suspended due to market conditions .
origination : producer finance . received after the restructure of the magellean investment .
strategy : awaiting negotiation of piggy back rights to conclude sale to convertible fund . convertible fund is negotiating piggy back rights with preferred shareholders .
rationale : out of the money warrants and have been since 1998 . no other interested buyers .
valuation : $ 0 . strike is at $ 30 ; currently trading at $ 16 .
treatment : raptor
3 tec
if we are able to sell at all , proceeds will probably be less than $ 100 k .
- - - - - - - - - - - - - - - - - - - - - - forwarded by richard lydecker / corp / enron on 04 / 02 / 2001 04 : 12 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
brandi morris @ ect
04 / 02 / 2001 02 : 47 pm
to : richard lydecker / corp / enron @ enron
cc :
subject : 3 tec
description : 3 tec energy is as an oil and gas exploration and production company . formerly middle bay oil , the company operates primarily in east texas and the gulf coast region . it also has properties in the midcontinent region and the permian and san juan basins .
status : sales efforts temporarily suspended due to market conditions .
origination : producer finance . received after the restructure of the magellean investment .
strategy : awaiting negotiation of piggy back rights to conclude sale to convertible fund . convertible fund is negotiating piggy back rights with preferred shareholders .
rationale : out of the money warrants and have been since 1998 . no other interested buyers .
valuation : $ 0 . strike is at $ 30 ; currently trading at $ 16 .
treatment : raptor