re : inland resources we executed final documentation on sale of the noram rig for $ 9 million ( $ 4 . 4 million net to enron ) . although the purchaser has until april 13 th to fund , there are no contingencies in the contract and scf partners controls the entity . the delay in funding is required since there is a 21 - day period for them to make their capital calls . a number of things came together for us this week , which is good . the week is now over . - - - - - - - - - - - - - - - - - - - - - - forwarded by richard lydecker / corp / enron on 03 / 16 / 2001 04 : 36 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - richard lydecker 03 / 16 / 2001 04 : 07 pm to : louise kitchen / hou / ect @ ect cc : brian redmond / hou / ect @ ect subject : re : inland resources thanks . the week ' s not over . stay tuned . louise kitchen @ ect 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 .