A point of interestShould have given you a clearer view.I said...

A point of interest

Should have given you a clearer view.

I said (average) gas price over the year and we get a premium over the spot price also in our area we have a high BTU content and a very dry gas which is good.


EIA
On July 28, 2006, working natural gas in storage stood at an estimated 2,775 bcf. Stocks are 360 bcf above a year ago and 447 bcf above the previous 5-year average (U.S. Working Natural Gas in Storage). The relatively warm winter weather in the first quarter 2006 and the large difference by which prices for future delivery contracts for the 2006-2007 winter months have exceeded spot prices account for much of the current high storage level. Spot Henry Hub natural gas prices, which averaged $8.86 per mcf in 2005, fell to an average $6.36 per mcf last month. But recent warm summer weather and natural gas demand for electricity generation have pushed prices back up. Barring extreme weather for the rest of the year, we expect the Henry Hub spot price to average $7.69 per mcf in 2006. The Henry Hub price is expected to average $8.17 per mcf in 2007.

Cheers