==============Daily Model Baseline Score================
..................(Demand in excess of supply, BCF/Day)
_Ending___Sat__Sun__ Mon__Tue__Wed__ Thr___Fri__Total
01/13/23.....-6.0....-4.1.....-5.2.....-7.1.....-1.9....-3.6.....-3.9...-31.8
01/20/23.....-7.0....-8.9.....-7.6.....-6.1......1.0.....-2.5....-6.0...-37.9
01/27/23.....-1.6....-2.4.....-4.8.....-4.4......5.3......1.6......2.5.....-3.1
02/03/23......7.1......4.4.....-0.3....-4.7......4.3......0.2.....-1.8......9.8
02/10/23.....-8.9....-4.7.....-2.3.....-7.1......0.1......2.8......0.9...-19.5
02/17/23.....-0.5....-1.3......0.1.....-0.9......4.7......0.6.....-4.5.....-1.5
02/24/23.....-4.5....-2.1......0.8......0.1......2.4.....-4.3.....-8.0...-15.5
03/03/23.....-5.8....-2.3.....-3.1.....-3.7......2.3.....-0.9......1.0..-12.9
03/10/23.....-2.0......0.4....-1.6.....-6.4.....-2.3.....-3.9....-1.8...-17.2
03/17/23.....-0.8....-2.3.....-5.9.....-8.9.....-1.7......0.6....-0.7...-19.6
03/24/23.....-7.5....-8.4.....-9.3.....-5.2......2.4......1.6..............-26.3i



===========Physicals Daily Model Baseline Score============
..................(Demand in excess of supply, BCF/Day)
_Ending___Sat__Sun__ Mon__Tue__Wed__ Thr___Fri__Total
01/13/23...-15.1..-11.1...-13.1...-17.5...-13.3..-18.5...-17.6.-106.6
01/20/23...-11.7..-11.7...-17.0...-21.2...-16.8..-19.6...-18.9.-116.5
01/27/23.....-8.9....-6.6.....-8.8.....-9.4.....-2.3....-5.5.....-1.4...-42.6
02/03/23......2.0.....-1.2....-0.7......1.7....13.9......7.0......7.7....30.3
02/10/23......3.1.....-5.7..-14.3...-19.4...-14.3...-15.2..-16.1...-81.5
02/17/23...-11.6....-9.6...-12.6...-17.0...-12.8..-14.8...-10.7...-89.1
02/24/23.....-3.7....-6.4...-12.5...-12.3.....-3.5....-5.8.....-4.3...-48.7
03/03/23......1.6.....-0.3....-8.2...-10.8.....-6.2.....-9.9....-6.2...-39.7
03/10/23.....-7.9....-6.7...-10.3...-11.8.....-2.4....-3.2.....-0.9...-43.5
03/17/23......1.7......2.8......1.7......1.5......8.0......4.0......1.0....20.5
03/24/23......0.5......6.7......3.6.....-1.5....-0.6.....-4.2.................4.1i



================Fair-Value Model=================
.................----10 Week Average-----
__Date__BL.Score_H.Hub_Oil/Gas________Signal_________
02/21/23.....-1.89r.....3.89.....20.00......Fair-Value Much < 3.89
02/22/23.....-1.75r.....3.83.....20.32......Fair-Value Much < 3.83
02/23/23.....-1.71r.....3.76.....20.67......Fair-Value Much < 3.76
02/24/23.....-1.75r.....3.70.....21.02......Fair-Value Much < 3.70
02/25/23.....-1.88r.....3.64.....21.38......Fair-Value Much < 3.64
02/26/23.....-1.87r.....3.58.....21.74......Fair-Value Much < 3.58
02/27/23.....-1.91r.....3.53.....22.05......Fair-Value Much < 3.53
02/28/23.....-1.94r.....3.49.....22.30......Fair-Value Much < 3.49
03/01/23.....-1.97r.....3.44.....22.63......Fair-Value Much < 3.44
03/02/23.....-1.99r.....3.38.....23.07......Fair-Value Much < 3.38
03/03/23.....-1.90r.....3.32.....23.46......Fair-Value Much < 3.32
03/04/23.....-1.78r.....3.26.....23.86......Fair-Value Much < 3.26
03/05/23.....-1.61r.....3.21.....24.27......Fair-Value Much < 3.21
03/06/23.....-1.58r.....3.15.....24.72......Fair-Value Much < 3.15
03/07/23.....-1.68r.....3.12.....24.98......Fair-Value Much < 3.12
03/08/23.....-1.89r.....3.09.....25.16......Fair-Value Much < 3.09
03/09/23.....-2.13r.....3.02.....25.72......Fair-Value Much < 3.02
03/10/23.....-2.38r.....2.96.....26.22......Fair-Value Much < 2.96
03/11/23.....-2.58r.....2.90.....26.74......Fair-Value Much < 2.90
03/12/23.....-2.39r.....2.85.....27.28......Fair-Value Much < 2.85
03/13/23.....-2.39r.....2.79.....27.83......Fair-Value Much < 2.79
03/14/23.....-2.37r.....2.75.....28.13......Fair-Value Much < 2.75
03/15/23.....-2.35r.....2.73.....28.35......Fair-Value Much < 2.73
03/16/23.....-2.25r.....2.71.....28.51......Fair-Value Much < 2.71
03/17/23.....-2.14r.....2.70.....28.63......Fair-Value Much < 2.70
03/18/23.....-2.17r.....2.68.....28.74......Fair-Value Much < 2.68
03/19/23.....-2.23r.....2.67.....28.86......Fair-Value Much < 2.67
03/20/23.....-2.28r.....2.65.....29.05......Fair-Value Much < 2.65
03/21/23.....-2.26r.....2.63.....29.24......Fair-Value Much < 2.63
03/22/23.....-2.20r.....2.61.....29.42......Fair-Value Much < 2.61
03/23/23.....-2.12......2.58.....29.65......Fair-Value Much < 2.58



..........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)