The Top Natural Gas Players In ExxonMobil restarts second PNG LNG train; resumes export

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1 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX May-18 Contract (CT) NYMEX NG Futures Jun (.68) Jul (.62) Aug (.58) Sep (.55) Oct (.55) Nov (.51) Dec (.48) Jan (.47) Feb (.45) Mar (.43) Apr (.31) May (.28) Jun (.28) Jul (.27) Aug (.27) Sep (.26) Oct (.25) Nov (.24) Dec (.21) Jan (.18) Feb (.18) Mar (.19) Apr (.11) May (.8) 1YR Strip (.49) (.57) 5YR Strip (.16) I N T H E N E W S The Top Natural Gas Players In 218 Dan Steffens reported: Upstream companies that get the majority of their revenues from the sale of natural gas and the associated natural gas liquids have been out of favor for at least three years. However, the Gassers that I follow closely are some of the most profitable companies on my Watch List. If you are a contrarian investor, The Top Natural Gas Players In M O N T H C A N D L E S T I C K ( W E E K L Y ) ExxonMobil restarts second PNG LNG train; resumes export maybe now is the time to add some shares of high quality natural gas producers while they are on sale. I believe the North American natural gas market is setting up for a significant price spike in just a few months. Colder than normal weather in the Great Lakes Region has caused draws from U.S. natural gas storage for the first three weeks of April. Per the U.S. Energy Information Administration s (EIA) report for the week ending April 2, 218, natural gas in storage is now 527 billion cubic feet (Bcf) below the 5-year average and 897 Bcf below where storage levels were at the same point last year. Draws from storage usually end in March, but this Winter that Never Ends in the Northeast quarter of the United States has resulted in 73 Bcf being drawn from storage when the 5-year average for the first three weeks of April is a build of 13 Bcf. For more on this story visit oilprice.com or click bit.ly/2jff9zd ExxonMobil restarts second PNG LNG train; resumes export Platts reported: ExxonMobil PNG Ltd has restarted the second liquefied natural gas train at the Papua New Guinea LNG project nearly three weeks after the first train was restarted, as the project recovers from the impact of the earthquake in February. "The plant is now operating at normal production rates, and exports of LNG have resumed," ExxonMobil, which is the main operator of PNG LNG, said in a statement Monday. The restart of PNG LNG's second train was expected to be bearish on prices, especially after Platts JKM LNG prices rose from $7.625/MMBtu last Monday to close the week at $8.125/MMBtu Friday, on demand for shortcovering. For more on this story visit platts.com or click bit.ly/2kmy5lw A P R I L 3, Prompt Natural Gas (NG) Daily Sentiment BULLISH RESISTANCE 2.81 & 2.86 SUPPORT & 2.73 Trading Summary NATURAL GAS Futures Close Change NG (.68) Volume 365,74 (85,12) Open Int. 1,424,433 19,193 CRUDE AND GASOLINE Futures Close Change Crude 68.1 (.9) RBOB Crude/NG METALS Futures Close Change Gold 1,323.4 (9.) EQUITIES Exchange Close Change DOW 24, (11.15) S&P CURRENCY Currency Close Change EUR/USD (.41) USD/CND Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 Month: April 218 Day Price Day Price Average (Apr) (through 4/27/218) Average (Mar) Average (Feb) N A T U R A L G A S B A S I S F U T U R E S, H E N R Y H U B S P O T P R I C E S, A N D F O R W A R D C U R V E Waha Basis (platts Iferc) Sumas Basis (platts Iferc) Henry Hub Daily Spot Price A P R I L 3, CME NG Option Prices ATM Call CME NG Option Prices ATM Put APR 218 MAR 218 FEB NYMEX Natural Gas Forward Curve 8/1/219 6/1/22 1 4/1/221 9/1/221 2/1/222 7/1/222 12/1/222 5/1/223 1/1/223 3/1/224 8/1/224 1/1/225 6/1/225 11/1/225 4/1/226 9/1/ Michcon Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) San Juan Basis (platts Iferc) Transco Zone 4 Basis (platts Iferc) Month Strike Close Imp Vol Jul-18 Aug Sep-18 Oct-18 Nov-18 Month Strike Close Imp Vol Jul-18 Aug Sep-18 Oct-18 Nov-18 NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Page 2

3 A P R I L 3, W E E K L Y G A S I N U N D E R G R O U N D S T O R A G E W I T H 5 - Y R R A N G E Release Date: Apr 5, 218 O B S E R V E D S N O W D E P T H Rig Count Report Date: April 27, 218 Total Change US CN - 85 (8) EIA Weekly NG Storage Actual and Surveys for April 25, 218 Released April 26, 218 Range (28) to (71) PIRA (13) Citi Futures (8) Reuters (11) EIA ACTUAL (18) Total Working Gas In Storage 1,281 BCF (18) BCF (LAST WEEK) (897) BCF (LAST YEAR) (527) BCF (5-YR AVG) 2 4 H O U R S N O W F A L L F O R E C A S T U.S. Natural Gas Supply Gas Week 4/19 4/25 Average daily values (BCF/D): Last Year (BCF/d) Dry Production +8.3 Total Supply Last Week (BCF/d) Dry Production Total Supply [NEXT REPORT ON May 3] U.S. Natural Gas Demand Gas Week 4/19 4/25 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power Total Demand [NEXT REPORT ON May 3] Page 3

4 A P R I L 3, W E A T H E R H I G H / L O W T E M P E R A T U R E T O M O R R O W HIGH Temperature LOW Temperature W E A T H E R 6 T O 1 D A Y O U T L O O K N O A A Temperature Precipitation W E A T H E R 8 T O 1 4 D A Y O U T L O O K N O A A Temperature Precipitation Page 4

5 1 1 8/1/218 12/1/218 4/1/219 6/1/219 8/1/ /1/218 12/1/218 4/1/219 6/1/219 8/1/219 A P R I L 3, E T H A N E F U T U R E S, N G / E T H A N E R A T I O, P R O P A N E F U T U R E S, A N D T H E F RA C S P R E A D Ethane Futures 1.7 Ethane / Natural Gas Ratio CME Future Prices Ethane (C2) Non-LDH Mont Belvieu (cents/gallon) May (.) Jun (.3) Jul (.3) Aug (.3) Sep (.3) Oct (.3) Nov (.3) Dec (.3) Jan (.3) Feb (.3) Mar (.2) Apr (.2) 1YR Strip.274 (.2) Propane Futures Frac Spread CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr YR Strip Page 5

6 6/1/219 1/1/219 2/1/22 6/1/22 1/1/22 2/1/221 6/1/221 1/1/221 2/1/222 6/1/222 1/1/222 2/1/223 6/1/223 1/1/223 2/1/224 4/1/219 2/1/22 12/1/22 5/1/221 1/1/221 3/1/222 8/1/222 1/1/223 6/1/223 11/1/223 4/1/224 9/1/224 2/1/225 7/1/225 12/1/225 5/1/226 1/1/226 6/1/219 1/1/219 2/1/22 6/1/22 1/1/22 2/1/221 6/1/221 1/1/221 2/1/222 6/1/222 1/1/222 2/1/223 6/1/223 1/1/223 2/1/224 6/1/224 1/1/224 2/1/225 A P R I L 3, Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE & SUPPORT & FOLLOW US ON NYMEX Brent (BZ) Futures Jun (.1) Jul (.9) Aug (.9) Sep (.9) Oct (.9) Nov (.8) Dec (.7) Jan (.7) Feb (.7) Mar (.6) Apr (.6) May (.6) Jun (.5) Jul (.5) Aug (.6) Sep (.6) Oct (.6) Nov (.6) Dec (.6) Jan (.6) Feb (.7) Mar (.8) Apr (.9) May (.9) 1YR Strip 71.5 (.8) (.9) 5YR Strip (.9) B R E N T C R U D E F O R W A R D C U R V E W T I C R U D E F O R W A R D C U R V E W T I B R E N T S P R E A D (1) (2) (3) (4) (5) (6) (7) (8) (9) (1) FRAC Spread Specifications Ethane : 42% Propane: 28% Butane: 11% 66,5 btu/g 9,83 btu/g 12,916 btu/g Iso-Butane: 6% 98,935 btu/g Natural Gasoline: 13% 115,21 btu/g Prompt NGL Futures ($/gallon) May-18 Butane Iso-Butane Nat Gasoline Close Change (.7) NYMEX WTI (CL) Futures Jun (.9) Jul (.1) Aug (.11) Sep (.11) Oct (.12) Nov (.14) Dec (.14) Jan (.13) Feb (.14) Mar (.14) Apr (.13) May (.14) Jun (.14) Jul (.13) Aug (.14) Sep (.14) Oct (.15) Nov (.16) Dec (.17) Jan (.17) Feb (.19) Mar (.21) Apr (.22) May (.22) 1YR Strip (.12) (.12) 5YR Strip (.24) Page 6