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Goldman Sachs Special
   Opportunities (Asia) Fund
Telstra Corporation Limited
Repsol YPF
Central States Southeast and
    Southwest Areas Pension Fund
Duke-Weeks Realty Corporation
Kookmin Bank


Lincoln Financial Group UK
EOG Resources, Inc.
Juniper Networks, Inc.
China Telecom (Hong Kong) Ltd.
Vivendi S.A.
Sumitomo Bank, Limited
The Allstate Corporation


Global Crossing Ltd.
Swiss Reinsurance Company
Goldman Sachs Funds
AstraZeneca PLC
Lucent Technologies Inc.
Extendible Commercial Notes
Red Hat, Inc.

Nippon Telegraph & Telephone
    Corporation (NTT)
The Republic of Argentina
United Pan-Europe
   Communications N.V. (UPC)
Vodafone AirTouch PLC
Charter Communications, Inc.
Exchange Fund Investment, Ltd
Internet Initiative Japan Inc. (IIJ)

EOG Resources, Inc.

Mark G. Papa, Chairman and Chief Executive Officer:

"We faced a very complex situation when Enron Corp., which was EOG's majority shareholder, decided to liquidate its holdings in our company. Our Board set up a Special Committee to ensure that the interests of our minority shareholders were protected. Goldman Sachs was appointed as financial advisor to the committee. Members of the Goldman Sachs team–which included bankers, researchers and equity specialists–were creative and logical. They enabled the Special Committee to work through extremely complicated issues. The ensuing offering that Goldman Sachs lead managed for EOG to provide financing related to the share exchange in which EOG acquired 62.27 million EOG shares from Enron Corp. was a class act. They delivered on a firmwide team effort, from Capital Markets to Research. In addition, they demonstrated their strong distribution capabilities across the United States and Europe, and their securities salespeople–whether in Frankfurt, San Francisco or wherever–were the most impressive we have seen. The end result was that we obtained the proper outcome for our minority shareholders."

  • Goldman Sachs was advisor to the Special Committee of the EOG Resources Board of Directors in EOG's approximately $1.4 billion share exchange with Enron Corporation.
  • Goldman Sachs was bookrunning manager for EOG Resources and Enron Corporation of a public offering of common stock and exchangeable notes, respectively totaling more than $1 billion. This represented the largest equity financing by a U.S. independent oil and gas exploration and production company.
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