==============Daily Model Baseline Score================
..................(Demand in excess of supply, BCF/Day)
_Ending___Sat__Sun__ Mon__Tue__Wed__ Thr___Fri__Total
11/25/22.....-4.4....-8.2.....-6.7.....-2.0......4.4.....-0.7....-3.3...-20.9
12/02/22.....-3.7....-4.1.....-3.6.....-7.2.....-2.1....-6.9.....-4.7...-32.1
12/09/22.....-2.5....-3.7.....-6.1.....-7.5......0.8.....-4.0....-8.1...-31.2
12/16/22.....-6.1....-7.8.....-8.3...-12.9.....-6.9....-7.2.....-6.0...-55.5
12/23/22......3.5.....-2.5....-0.7.....-0.6......4.8......0.1.....-5.9.....-1.1
12/30/22.....-9.7..-11.6.....-3.6......1.2....12.8....13.1....15.1....17.1
01/06/23.....-1.0....-2.1.....-6.3.....-9.9.....-2.6....-6.8.....-8.2...-36.5
01/13/23.....-6.0....-4.1.....-5.6.....-6.7.....-1.6....-4.0.....-4.3...-32.4
01/20/23.....-6.5....-8.1.....-7.4.....-5.0......2.0.....-2.1....-5.6...-32.5
01/27/23.....-5.4....-5.4.....-8.1.....-6.9......2.2.....-1.0....-0.8...-25.9
02/03/23.....-4.4....-7.0..........................................................-11.1i



===========Physicals Daily Model Baseline Score============
..................(Demand in excess of supply, BCF/Day)
_Ending___Sat__Sun__ Mon__Tue__Wed__ Thr___Fri__Total
11/25/22....15.2....12.7....10.4......5.8......4.1.....-4.5....-8.7....35.7
12/02/22...-10.1..-11.4.....-9.5.....-9.5.....-1.7....-1.0......0.5...-42.5
12/09/22.....-4.4....-4.3.....-5.8...-13.4...-11.0..-15.7...-15.4...-69.7
12/16/22...-10.8..-12.2...-10.8...-11.9.....-4.6....-5.6.....-4.6...-60.7
12/23/22......8.1......7.5....11.1......9.2....14.2....10.5....12.9....73.7
12/30/22....21.2....17.5....16.3....12.1....12.1......1.0.....-3.6....76.1
01/06/23...-20.7..-21.3...-24.7...-29.2...-24.6..-26.6...-21.6.-168.5
01/13/23...-15.0..-11.1...-13.4...-17.0...-13.0..-18.8...-17.9.-106.6
01/20/23...-11.2..-10.9...-16.7...-19.9...-15.7..-19.1...-18.5.-111.7
01/27/23...-12.7....-9.5...-12.1...-11.8.....-5.3....-8.0.....-4.7...-64.1
02/03/23.....-9.5..-12.6..........................................................-22.2i



================Fair-Value Model=================
.................----10 Week Average-----
__Date__BL.Score_H.Hub_Oil/Gas________Signal_________
12/30/22.....-2.32......5.51.....14.76......Fair-Value Much < 5.51
12/31/22.....-2.32......5.54.....14.67......Fair-Value Much < 5.54
01/01/23.....-2.28......5.57.....14.58......Fair-Value Much < 5.57
01/02/23.....-2.30......5.59.....14.49......Fair-Value Much < 5.59
01/03/23.....-2.38......5.59.....14.48......Fair-Value Much < 5.59
01/04/23.....-2.43......5.57.....14.48......Fair-Value Much < 5.57
01/05/23.....-2.50......5.55.....14.50......Fair-Value Much < 5.55
01/06/23.....-2.59......5.53.....14.52......Fair-Value Much < 5.53
01/07/23.....-2.66......5.51.....14.54......Fair-Value Much < 5.51
01/08/23.....-2.69......5.49.....14.56......Fair-Value Much < 5.49
01/09/23.....-2.74......5.47.....14.58......Fair-Value Much < 5.47
01/10/23.....-2.82......5.45.....14.59......Fair-Value Much < 5.45
01/11/23.....-2.96......5.43.....14.60......Fair-Value Much < 5.43
01/12/23.....-3.06......5.42.....14.62......Fair-Value Much < 5.42
01/13/23.....-3.13......5.41.....14.61......Fair-Value Much < 5.41
01/14/23.....-3.23......5.40.....14.59......Fair-Value Much < 5.40
01/15/23.....-3.34......5.40.....14.58......Fair-Value Much < 5.40
01/16/23.....-3.44......5.38.....14.60......Fair-Value Much < 5.38
01/17/23.....-3.46......5.37.....14.59......Fair-Value Much < 5.37
01/18/23.....-3.43......5.37.....14.59......Fair-Value Much < 5.37
01/19/23.....-3.42......5.34.....14.64......Fair-Value Much < 5.34
01/20/23.....-3.44......5.32.....14.68......Fair-Value Much < 5.32
01/21/23.....-3.56......5.30.....14.72......Fair-Value Much < 5.30
01/22/23.....-3.61r.....5.28.....14.75......Fair-Value Much < 5.28
01/23/23.....-3.66r.....5.24.....14.86......Fair-Value Much < 5.24
01/24/23.....-3.67r.....5.20.....14.94......Fair-Value Much < 5.20
01/25/23.....-3.65r.....5.16.....15.04......Fair-Value Much < 5.16
01/26/23.....-3.63r.....5.12.....15.17......Fair-Value Much < 5.12
01/27/23.....-3.58r.....5.07.....15.31......Fair-Value Much < 5.07
01/28/23.....-3.58r.....5.02.....15.46......Fair-Value Much < 5.02
01/29/23.....-3.56......4.97.....15.62......Fair-Value Much < 4.97



..........Contemporary Fair Value Crossings
...........(Fair-Value-Based Natgas Pricing)
..................--10 Week Average--
____Date____H.Hub__Oil/Gas___Comments__
.....12/16/17......2.90......19.07.....(on 55.23 oil)
.....12/20/17......2.88......19.29.....(on 55.65 oil)
.....12/25/17......2.86......19.63.....(on 56.14 oil)
.....01/18/18......3.16......18.63.....(on 58.95 oil)...(Anomalous on freeze-offs)
.....04/03/18......2.75......22.92.....(on 63.03 oil)
.....04/11/18......2.66......23.58.....(on 62.78 oil)
.....05/02/18......2.70......23.91.....(on 64.45 oil)
.....05/23/18......2.72......24.64.....(on 67.27 oil)
.....06/09/18......2.78......24.35.....(on 67.77 oil)
.....06/12/18......2.79......24.31.....(on 67.87 oil)
.....06/19/18......2.83......24.10.....(on 68.14 oil)
.....06/21/18......2.82......24.10.....(on 68.09 oil)
.....07/27/18......2.86......24.24.....(on 69.40 oil)
.....10/03/18......2.94......23.63.....(on 69.43 oil)
.....02/04/20......2.09......27.87.....(on 58.34 oil)
.....04/13/20......1.77......20.47.....(on 36.33 oil)...(Anomalous on COVID-19 shutdowns)
.....08/24/20......1.82......22.33.....(on 40.77 oil)...(Anomalous on COVID-19 shutdowns)
.....08/29/20......1.90......21.62.....(on 41.05 oil)...(Anomalous on COVID-19 shutdowns)
.....09/27/20......2.03......20.21.....(on 40.97 oil)...(Anomalous on COVID-19 shutdowns)
.....01/18/21......2.57......18.25.....(on 46.84 oil)
.....01/23/21......2.54......18.77.....(on 47.70 oil)
.....05/14/21......2.63......23.85.....(on 62.68 oil)
.....12/31/21......4.49......16.91.....(on 75.93 oil)...(These 8 crossings,
.....01/01/22......4.47......16.97.....(on 75.66 oil)....while negated on
.....01/03/22......4.42......17.10.....(on 75.54 oil)....04/06/22, are to be
.....02/04/22......4.16......18.59.....(on 77.41 oil)....assumed only a
.....02/13/22......4.16......19.35.....(on 80.56 oil)....few cents off from
.....02/19/22......4.22......19.49.....(on 82.38 oil)....what fair-value likely
.....02/23/22......4.27......19.56.....(on 83.56 oil)....was for each of
.....03/07/22......4.44......20.06.....(on 89.04 oil)....the crossing dates)
.....04/20/22......5.17......19.73.....(on 102.48 oil)
.....05/05/22......5.75......18.18.....(on 104.98 oil)
.....05/09/22......5.96......17.67.....(on 105.85 oil)
.....05/19/22......6.43......16.38.....(on 105.34 oil)
.....05/30/22......6.97......15.34.....(on 106.70 oil)
.....06/05/22......7.24......14.78.....(on 106.91 oil)
.....06/16/22......7.72......14.20.....(on 106.91 oil)
.....06/18/22......7.76......14.15.....(on 106.91 oil)
.....06/23/22......7.78......14.20.....(on 110.67 oil)
.....09/18/22......8.40......11.17.....(on 93.82 oil)



..............Historical Fair Value Crossings
.............(Storage-Based Natgas Pricing)
..................--10 Week Average--
____Date____H.Hub__Oil/Gas___Comments__
.....01/03/02......2.38........8.31.....(on $19.75 oil)
.....06/23/02......3.38........7.79.....(on 26.33 oil)
.....07/30/02......3.13........8.38.....(on 26.26 oil)
.....03/11/03......6.54........5.31.....(on 34.76 oil)
.....03/26/04......5.49........6.46.....(on 35.46 oil)
.....05/24/04......5.81........6.52.....(on 37.83 oil)
.....02/25/05......6.28........7.41.....(on 46.51 oil)
.....07/16/06......6.07......11.80.....(on 71.68 oil)
.....10/13/06......5.65......11.81.....(on 66.65 oil)
.....08/16/07......6.61......10.86.....(on 71.87 oil)
.....04/14/08......9.17......11.16.....(on 102.34 oil)
.....09/11/09......3.08......21.99.....(on 67.82 oil)
.....01/31/10......5.32......14.35.....(on 76.37 oil)
.....02/08/12......2.87......34.54.....(on 99.09 oil)
.....06/09/13......4.08......22.89.....(on 93.38 oil)
.....10/09/13......3.52......30.18.....(on 106.20 oil)
.....10/23/13......3.60......29.26.....(on 105.24 oil)
.....12/09/13......3.69......26.31.....(on 97.19 oil)
.....04/15/14......5.13......19.73.....(on 101.28 oil)
.....11/26/15......2.27......19.69.....(on 44.73 oil)
.....03/04/15......2.08......15.42.....(on 32.01 oil)
.....03/23/15......1.92......17.11.....(on 32.90 oil)