What does Venoco and Enron have in common and why was Venoco on the Department of Justice watch list since late 2000? Proposition J is it worth it?

Dear Carpentaria Residents:
What does Venoco and Enron have in common and why was Venoco on the Department of Justice watch list since late 2000?
Is Proposition J really worth it?

Go to the D.O.J. web link below search Santa Barbara watch list or cut nd paste the link I provided.

Just some information before you vote

http://www.justice.gov/05publications/05_2.html
Enron Trial Exhibits and Releases
www.justice.gov
search Santa Barbara Venoco

http://www.justice.gov/enron/exhibit/04-18/BBC-0001/OCR/24591.001.TXT
ENRON NORTH AMERICA
PORTFOLIO WATCH LIST
UPDATE AS OF 813112000


A 1~I't' & CONTROL
PORTFOLIO WATCH LIST-UPDATE AS OF 813112000
VALUES INDICATED AIU~ FOR ENRON NORTH AMERICA


Cost & Cany Values as of 7-31-2000. Market Values from Merchant Portfolio Repoit Dated 8-24-2000.


TABLE OF CONTENTS

WATCH ASSETS.........................................................................3-6
Boone Terre Exploration Lewis Energy (To Pe~fonnlng) Sacramento Basin Exploration
~ City Forest Corporation Q~-Lir¶der Energy LLC ~i Venoco, Inc.
~Cypress Exploration p,.~ LEI Electnc Specialty Corp gi WE Oil Company
DPR Holding Company LLC V-Mariner Energy
I Ecogas (l~o Troubled) jZl Connie Falls
p Heartland Steel (To Troubled)
p~ Juniper Exploration

TROUBLED ASSETS.......................................................................6-9
~ il'. Beau Canada (ii Hughes Rawis LLC Kafus Industries/ CanlThre
p.3 Brigham Exploration Co. ~ Ice Dulling ~ Queen Send Resources. Inc.
~ ~- C-Gas tZl Industrial Holdings "THE" Basic Energy (Sierra Well Seivice)
Crown Energy (F. Loss) ~ Inland Resources Trmiscoastal Marine Services
EnSeiCo Offshore

Venoco. inc. (Pnvate Equity - Cumulative Convertible Preferred Stock) JEDI U & Balance Sheet
* The Company has not been successful to date in selling properties to improve their liquidity situation.
Extended payment terms had been required in June on the Company '5 fully drawn bank debt Data
rooms have been open on three properties, but no bids have been received that Veneco feels are
representative of tnae value. The Company has a bullet payment of 311MM due on Oct-la as a result
of the extension of payment& Wells Fargo Bank continues to waist to be taken out in its entirety.