Spreadsheet: jonathan_mckay__16952__NE_Prices_113001
Sheet: PRICES

Basis differential prices at the close of business on |  |  |  |  | 2001-11-30 00:00:00
 | Paper | Paper | Physical | Pyhsical |  |  | Paper | Paper | Physical | Pyhsical
 | Bid | Offer | Bid | Offer |  |  | Bid | Offer | Bid | Offer
[NAME] 6 |  |  |  |  |  | Algonquin Citigate
2001-01-01 00:00:00 | 166 | 169 | 216 | 229 |  |  |  |  | 150 | 160
Jan02 - Mar02 | 129 | 131 | 163 | 175 |  |  |  |  | 135 | 145
Apr02 - Oct02 | 39 | 39.5 | 41 | 42.5 |  |  |  |  | 33 | 37
Nov02 - Mar03 | 116.5 | 119.5 | 136.5 | 144.5 |  |  |  |  | 95 | 105
Apr03 - Oct03 | 38.5 | 39.5 | 40.5 | 43 |  |  |  |  | 32 | 36
Nov03 - Mar04 | 106 | 110 | 126 | 135 |  |  |  |  | 95 | 105
[NAME] |  |  |  |  |  | [NAME] 300
 |  |  | 50 | 60 |  |  |  |  | 145 | 155
 |  |  | 34 | 44 |  |  |  |  | 105 | 115
 |  |  | 2 | 3 |  |  |  |  | 28 | 32
 |  |  | 20 | 25 |  |  |  |  | 88 | 98
 |  |  | 2 | 3.5 |  |  |  |  | 27 | 31
 |  |  | 20 | 25 |  |  |  |  | 85 | 95
TETCO M3 |  |  |  |  |  | [NAME] 200
 | 88 | 90 | 93 | 98 |  |  |  |  | 80 | 86
 | 77 | 79 | 80 | 85 |  |  |  |  | 70 | 76
 | 32 | 32.5 | 31.75 | 32.75 |  |  |  |  | 28 | 32
 | 77 | 79 | 83 | 88 |  |  |  |  | 70 | 75
 | 32 | 33.5 | 32 | 34 |  |  |  |  | 27 | 31
 | 77 | 79 | 83 | 88 |  |  |  |  | 70 | 75
TCO |  |  |  |  |  | [NAME]
 | 16 | 18 | 15.5 | 18.5 |  |  |  |  | 120 | 130
 | 15.5 | 17 | 15 | 17.5 |  |  |  |  | 101 | 108
 | 13 | 13.75 | 13 | 14.25 |  |  |  |  | 30 | 34
 | 20 | 21.5 | 20 | 22.5 |  |  |  |  | 87 | 95
 | 13 | 14.5 | 13 | 15 |  |  |  |  | 30 | 34
 | 20 | 22 | 20 | 23 |  |  |  |  | 87 | 95
[NAME] |  |  |  |  |  | [NAME]
 | 21.5 | 22.5 | 21 | 23 |  |  |  |  | 38 | 39
 | 21 | 22 | 20.5 | 22.5 |  |  |  |  | 28.5 | 29
 | 16.5 | 17 | 16.5 | 17.5 |  |  |  |  | 11 | 12
 | 29.5 | 31 | 29.5 | 32 |  |  |  |  | 37 | 39
 | 16.5 | 18 | 16.5 | 18.5 |  |  |  |  | 17 | 19
 | 30 | 31.5 | 30 | 32.5 |  |  |  |  | 40 | 41.5
TETCO M2 |  |  |  |  |  | [NAME] NonNY
 |  |  | 45 | 55 |  |  |  |  | 140 | 145
 |  |  | 50 | 60 |  |  |  |  | 110 | 115
 |  |  | 22 | 27 |  |  |  |  | 34 | 35
 |  |  | 50 | 60 |  |  |  |  | 92 | 98
 |  |  | 22 | 27 |  |  |  |  | 33 | 37
 |  |  | 50 | 60 |  |  |  |  | 92 | 98
DRACUT |  |  |  |  |  | [NAME]
 |  |  | 55 | 65 |  |  |  |  | 77 | 87
 |  |  | 50 | 55 |  |  |  |  | 62 | 66
 |  |  | 13 | 17 |  |  |  |  | 30.5 | 33
 |  |  | 55 | 65 |  |  |  |  | 61 | 66
 |  |  | 11 | 16 |  |  |  |  | 30.5 | 33
 |  |  | 55 | 65 |  |  |  |  | 61 | 66
WADDINGTON |  |  |  |  |  | DAWN
 |  |  | 48 | 50 |  |  |  |  | 19.5 | 21
 |  |  | 36 | 38 |  |  |  |  | 16 | 16.5
 |  |  | 10.5 | 12 |  |  |  |  | 9 | 9.75
 |  |  | 49 | 51 |  |  |  |  | 21.5 | 22.5
 |  |  | 17 | 18.5 |  |  |  |  | 14 | 15
 |  |  | 51 | 53 |  |  |  |  | 23 | 24.5
This report is intended for information purposes only and under no circumstances should it be considered an offer to sellor a solicitation to buy any commodity or investment.
Any trading recommendation or opinion contained in this report is onlya statement of our views and is based on information we believe to be reliable but no guarantee is given as
to its accuracyor completeness. Derivatives markets are volatile and therefore subject to rapid and unexpected price changes. Anyperson relying on information contained in
this report does so at their own risk entirely and no liability is accepted byNatsource in respect thereof. This report is the property of Natsource and may not be reproduced or
further circulated, inwhole or in part, without the express written permission of Natsource.