From: Richard Kahn

From: Richard Kahn To: Jeffrey Epstein [email protected]> Subject: Re: Crude Oil Trades Date: Mon, 19 Nov 2018 16:28:26 +0000 i know super basic but USO appears to be very active stock with options to play oil https://finance.yahoo.corn/quote/USO?q p .SJia Richard Kahn HBRK Associates Inc. On Nov 15, 2018, at 3:01 PM, J <[email protected]> wrote: Forwarded message From: Shahzad Shahbaz Date: Thu, Nov 15, 2018 at 2:44 PM Subject: Crude Oil Trades To: jeffrey E. <[email protected]> Jeffrey, Hope you are well. HE Sheikh Hamad and Sheikh Jabor asked me to drop you a line on what we are doing in the crude oil space. It is very simple and plain vanilla; • Selling puts with strikes of 90% and 85% for 6/12 months to generate premiums. • Buying oil forward for 6/12 months through futures contracts and/or swaps. • We have looked at some collars/ratio collars but did not transact. Hope the above is useful. Please let me know if you have any questions. EFTA01016224 Thanks Shahzad. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01016225