Guys, as a follow up to our meeting today, I thought I would put together a  list of deliverables agreed to in the meeting.
The goal would be to have a  definitive strategy for HPL and storage assets by the end of July that could  be acted upon.
a) Elimination of the Entex contract - current value - John L.;  b) Storage value algorithm incorporating spread values, increasing intra-day  and monthly volatility and blowdown values - Jean M, John L, Jim S.;  c) Storage acquisition targets and issues surrounding value/execution - top  5 to 10 for blowdown and tarantula strategy - Jean M, Julie G.;  d) Structure, value, cost and issues surrounding Bammel "header" - Jean M.;  e) Project Torque - definitive balance sheet, income statement and  contribution margin statement for HPL - Wes C.;  f) Establish viability of selling HPL assets - small private placement -  working with Lehman to finalize value, exection risk, timing, structure et al  - Patrick   W.    I would like this group to get back together in the fourth week of July to  determine a final action plan.
Regards

Project Triple Lutz/Tarantula
Guys, as a follow up to our meeting today, I thought I would put together a list of deliverables agreed to in the meeting.
The goal would be to have a definitive strategy for HPL and storage assets by the end of July that could be acted upon.
a) Elimination of the Entex contract - current value - John L.; b) Storage value algorithm incorporating spread values, increasing intra-day and monthly volatility and blowdown values - Jean M, John L, Jim S.; c) Storage acquisition targets and issues surrounding value/execution - top <NUMBER> to <NUMBER> for blowdown and tarantula strategy - Jean M, Julie G.; d) Structure, value, cost and issues surrounding Bammel "header" - Jean M.; e) Project Torque - definitive balance sheet, income statement and contribution margin statement for HPL - Wes C.; f) Establish viability of selling HPL assets - small private placement - working with Lehman to finalize value, exection risk, timing, structure et al - Patrick W. I would like this group to get back together in the fourth week of July to determine a final action plan.
Regards
exection risk timing strategy hpl storage deliverables agreed meeting jean john jim elimination entex like group fourth monthly volatility blowdown incorporating spread values margin statement issues surrounding bammel