3 tec able sell proceeds probably less 100 k forwarded richard lydecker corp enron 04 02 2001 04 12 pm brandi morris ect 04 02 2001 02 47 pm richard lydecker corp enron enron cc subject 3 tec description 3 tec energy oil gas exploration production company formerly middle bay oil company operates primarily east texas gulf coast region also properties midcontinent region permian san juan basins status sales efforts temporarily suspended due market conditions origination producer finance received restructure magellean investment strategy awaiting negotiation piggy back rights conclude sale convertible fund convertible fund negotiating piggy back rights preferred shareholders rationale money warrants since 1998 interested buyers valuation 0 strike 30 currently trading 16 treatment raptor