Spreadsheet: kevin_ruscitti__20327__NGPL_StorageE_Test
Sheet: WIP2

 |  |  | Injection Ratchets |  |  |  |  | Withdrawal Ratchets
 |  |  | #114786 | #114846 | Total |  |  | #114786 | #114846 | Total
 |  | 0-67% | 9122 | 6667 |  |  | < 50% | 12770 | 9333
 |  | 68% - 100% | 6020 | 4400 |  |  | > 50% | 18243 | 13333
 |  |  |  |  |  |  | [NAME]: | 2002-04-30 00:00:00 | 2002-06-02 00:00:00
I don't think storage has to be split 40/60 btw STX/LA!! |  |  |  | Injection / Withdrawal  Changes |  |  |  |  |  | Physical Injection and Withdrawal Schedule |  |  |  |  | Physical and Financial Hedges |  |  | Storage Position
 |  | 939944
 | Days of | [NAME] | [NAME] | Calculated | Calculated | Start | End | Change in | Change in | Physical | Physical | Fuel | Physical
Period | Month | Balance | Balance | Injection | Withdrawal | % Full | % Full | Injection | Withdrawal | Injection | Withdrawal | Purchases | Position | Nymex | Basis | Index | Nymex | Basis | Index |  |  |  |  |  |  |  |  |  | Comments
Pre-Dec |  | 762477
1999-12-01 00:00:00 | 29 |  |  |  |  |  |  |  |  | 119799 |  | 2036 |  |  |  |  |  |  |  |  |  |  |  |  | Sitara #134963; w/d 81,995 in Jan and 37804 in March
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -426032 | -426032 | -306032 |  |  |  |  |  |  |  |  | Scheduled phys w/d; short 12 contracts of Index exposure - should I hedge?
 | 29 |  |  |  |  |  |  |  |  |  |  |  |  | -254088 | -254088 | -254088
 | 31 |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  | Assumes don't have to w/d 39.64%/60.36%; assumes no w/d allowed in Apr.
 | 30 |  |  |  |  |  |  |  |  |  |  | 2143 |  | 126059 | 126059 | 126059
 | 31 |  |  |  |  |  |  |  |  |  |  | 3355 |  | 197365 | 197365 | 197365
 | 30 |  |  |  |  |  |  |  |  | 187752 |  | 3247 |  | 190999 | 190999 | 190999
 | 31 |  |  |  |  |  |  |  |  | 194010 |  | 3355 |  | 197365 | 197365 | 197365
 | 31 |  |  |  |  |  |  |  |  |  |  | 653 |  | 38557 | 38557 | 38557
 | 30
 | 31
 | 30
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -388020 | -388020 | -388020
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -388020 | -388020 | -388020 |  |  |  |  |  |  |  |  | To Do:
 | 28 |  |  |  |  |  |  |  |  |  |  |  |  | -163908 | -163908 | -163908 |  |  |  |  |  |  |  |  | (1)  W/D (409,430 - 388,027) more in Jan.  This will reduce March w/d by equal amt.
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Jan - Mar spread will only be on (37,804 - (409,430 - 388,027)) amt.
 | 30 |  |  |  |  |  |  |  |  |  |  | 2143 |  | 126059 | 126059 | 126059 |  |  |  |  |  |  |  |  | (2)  Feb STX and LA w/d's are at [NAME].  Difference is made up in LA.
 | 31 |  |  |  |  |  |  |  |  |  |  | 3355 |  | 197365 | 197365 | 197365 |  |  |  |  |  |  |  |  | (3)  Can w/d {162,995 - (37,804 - (409,430 - 388,027))} in March.
 | 30 |  |  |  |  |  |  |  |  |  |  | 3247 |  | 190999 | 190999 | 190999 |  |  |  |  |  |  |  |  | If do, would have to buy back equal amt of injection months.
 | 31 |  |  |  |  |  |  |  |  |  |  | 3417 |  | 200995 | 200995 | 200995
 | 31 |  |  |  |  |  |  |  |  |  |  | 2215 |  | 130261 | 130261 | 130261
 | 30 |  |  |  |  |  |  |  |  |  |  | 1879 |  | 110525 | 110525 | 110525
 | 31
 | 30
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -388020 | -388020 | -388020
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -388020 | -388020 | -388020
 | 28 |  |  |  |  |  |  |  |  |  |  |  |  | -163908 | -163908 | -163908
 |  | 1431256.32
 | Days of | [NAME] | [NAME] | Calculated | Calculated | Start | End | Change in | Change in | Physical | Physical | Fuel | Physical
Period | Month | Balance | Balance | Injection | Withdrawal | % Full | % Full | Injection | Withdrawal | Injection | Withdrawal | Purchases | Position | Nymex | Basis | Index | Nymex | Basis | Index |  |  |  |  |  |  |  |  |  | Comments
Pre-Dec |  | 1161019
1999-12-01 00:00:00 | 29
 | 31 |  |  |  |  |  |  |  |  |  | -181643 |  |  | -465993 | -465993 | -465993
 | 29 |  |  |  |  |  |  |  |  |  |  |  |  | -386899 | -386899 | -386899
 | 31
 | 30 |  |  |  |  |  |  |  |  |  |  | 3263 |  | 191949 | 191949 | 191949
 | 31 |  |  |  |  |  |  |  |  |  |  | 5109 |  | 300527 | 300527 | 300527
 | 30 |  |  |  |  |  |  |  |  |  |  | 4944 |  | 290832 | 290832 | 290832
 | 31 |  |  |  |  |  |  |  |  | 0 |  | 0 |  | 300527 | 300527 | 300527
 | 31 |  |  |  |  |  |  |  |  |  |  | 998 |  | 58713 | 58713 | 58713
 | 30
 | 31
 | 30
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -590837 | -590837 | -590837
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -590836 | -590836 | -590836
 | 28 |  |  |  |  |  |  |  |  |  |  |  |  | -249580 | -249580 | -249580
 | 31
 | 30 |  |  |  |  |  |  |  |  |  |  | 3263 |  | 191949 | 191949 | 191949
 | 31 |  |  |  |  |  |  |  |  |  |  | 5109 |  | 300527 | 300527 | 300527
 | 30 |  |  |  |  |  |  |  |  |  |  | 4944 |  | 290832 | 290832 | 290832
 | 31 |  |  |  |  |  |  |  |  |  |  | 5203 |  | 306053 | 306053 | 306053
 | 31 |  |  |  |  |  |  |  |  |  |  | 3371 |  | 198347 | 198347 | 198347
 | 30 |  |  |  |  |  |  |  |  |  |  | 2861 |  | 168295 | 168295 | 168295
 | 31
 | 30
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -590836 | -590836 | -590836
 | 31 |  |  |  |  |  |  |  |  |  |  |  |  | -590836 | -590836 | -590836
 | 28 |  |  |  |  |  |  |  |  |  |  |  |  | -249580 | -249580 | -249580
 | 1000000