Joint Venture Partners
Future Market NG Prices
NYMEX GAS FUTURES CONTRACT
MONTHLY "SETTLE" PRICE
As end of February, 2012
| MONTH | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | MO. AVG. |
| JAN. | $2.555 | $4.988 | $6.150 | $6.213 | $11.431 | $5.838 | $7.172 | $6.136 | $5.814 | $4.216 | $6.051 |
| FEB. | $2.006 | $5.660 | $5.775 | $6.288 | $8.400 | $6.917 | $7.996 | $4.476 | $5.274 | $4.316 | $5.711 |
| MAR. | $2.388 | $9.000 | $5.150 | $6.304 | $7.112 | $7.547 | $8.930 | $4.056 | $4.816 | $3.793 | $5.910 |
| APR. | $3.472 | $5.146 | $5.365 | $7.323 | $7.233 | $7.558 | $9.578 | $3.631 | $3.842 | $4.240 | $5.739 |
| MAY. | $3.319 | $5.123 | $5.935 | $6.748 | $7.198 | $7.508 | $11.280 | $3.321 | $4.271 | $4.377 | $5.908 |
| JUN. | $3.420 | $5.945 | $6.680 | $6.123 | $5.925 | $7.591 | $11.916 | $3.538 | $4.155 | $4.326 | $5.962 |
| JUL. | $3.278 | $5.291 | $6.141 | $6.976 | $5.887 | $6.929 | $13.105 | $3.949 | $4.717 | $4.357 | $6.063 |
| AUG. | $2.976 | $4.693 | $6.048 | $7.647 | $7.042 | $6.110 | $9.217 | $3.379 | $4.774 | $4.370 | $5.626 |
| SEP. | $3.288 | $4.927 | $5.082 | $10.847 | $6.816 | $5.430 | $8.394 | $2.843 | $3.651 | $3.857 | $5.513 |
| OCT. | $3.686 | $4.430 | $5.723 | $13.907 | $4.201 | $6.423 | $7.472 | $3.730 | $3.837 | $3.759 | $5.717 |
| NOV. | $4.126 | $4.459 | $7.626 | $13.832 | $7.153 | $7.269 | $6.469 | $4.289 | $3.292 | $3.524 | $6.204 |
| DEC. | $4.140 | $4.860 | $7.976 | $11.180 | $8.318 | $7.203 | $6.888 | $4.486 | $4.267 | $3.364 | $6.268 |
| YR.'S AVG. | $3.221 | $5.377 | $6.138 | $8.616 | $7.226 | $6.860 | $9.035 | $3.986 | $4.393 | $4.042 | $5.889 |
| 1st Qtr. | $2.316 | $6.549 | $5.692 | $6.268 | $8.981 | $6.767 | $8.033 | $4.889 | $5.301 | $4.108 | $5.890 |
| 2nd Qtr. | $3.404 | $5.405 | $5.993 | $6.731 | $6.785 | $7.552 | $10.925 | $3.497 | $4.089 | $4.314 | $5.870 |
| 3rd Qtr. | $3.181 | $4.970 | $5.757 | $8.490 | $6.582 | $6.156 | $10.239 | $3.390 | $4.381 | $4.195 | $5.734 |
| 4th Qtr. | $3.984 | $4.583 | $7.108 | $12.973 | $6.557 | $6.965 | $6.943 | $4.168 | $3.799 | $3.549 | $6.063 |