Chase Energy Canada Limited

NOVA/TransCanada Alberta System Linepack: for Friday =16594, Saturday = 16737 and Sunday = 17041 mmcf which is 713 mmcf ABOVE the Linepack target of 16,328 mmcf.  The ROC for the past 24 hours was = +330 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 6040, Saturday = 5863 and Sunday = 5644 mmcf.  ABC flow for the term ….. Friday = 2235, Saturday = 2168 and Sunday = 2164 mmcf. Storage flow for the term starting with Friday shows a net WITHDRAWAL = -1674, Saturday net WITHDRAWAL = -1366 and Sunday net WITHDRAWAL = -1309 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 57 mmcf NET DECREASE in the flow rate from yesterday’s gas day. Alberta NIT SPOT Prices for: Friday = $3.1950, Saturday = $3.0400 and Sunday = $3.1200 which is an DECREASE of $0.075 from the last business trading day (Friday) Spot Settlement Price.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16572 which is 244 mmcf ABOVE the NEW Linepack target of 16,328 mmcf. The ROC for the past 24 hours is -208 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -193 mmcf flowing at 6196 mmcf. ABC shows a change by +295 mmcf flowing at 2286 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -1691 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 1095 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16794 which is 466 mmcf ABOVE the NEW Linepack target of 16,328 mmcf. The ROC for the past 24 hours is +410 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -3 mmcf flowing at 6389 mmcf. ABC shows a change by -15 mmcf flowing at 1991 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -2786 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 89 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16440 which is 289 mmcf ABOVE the Linepack target of 16,151 mmcf. The ROC for the past 24 hours is +17 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +372 mmcf flowing at 6392 mmcf. ABC shows a change by -73 mmcf flowing at 2006 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -2873 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 208 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16478 which is 327 mmcf ABOVE the Linepack target of 16,151 mmcf. The ROC for the past 24 hours is +291 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +63 mmcf flowing at 6020 mmcf. ABC shows a change by -3 mmcf flowing at 2079 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -3081 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 986 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System Linepack: for Friday =16490, Saturday = 16529 and Sunday = 16219 mmcf which is 68 mmcf ABOVE the Linepack target of 16,151 mmcf.  The ROC for the past 24 hours was = -275 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 6345, Saturday = 5907 and Sunday = 5957 mmcf.  ABC flow for the term ….. Friday = 2121, Saturday = 2106 and Sunday = 2082 mmcf. Storage flow for the term starting with Friday shows a net WITHDRAWAL = -2079, Saturday net WITHDRAWAL = -2068 and Sunday net WITHDRAWAL = -2095 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 27 mmcf NET INCREASE in the flow rate from yesterday’s gas day. Alberta NIT SPOT Prices for: Friday = $3.5250, Saturday = $3.5000 and Sunday = $3.6600 which is an INCREASE of $0.1400 from the last business trading day (Friday) Spot Settlement Price.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16411 which is 260 mmcf ABOVE the Linepack target of 16,151 mmcf. The ROC for the past 24 hours is -117 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -209 mmcf flowing at 6505 mmcf. ABC shows a change by +136 mmcf flowing at 2084 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -2335 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 981 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

CRITICAL NOTICE: Effective 08:00 MST February 2, 2011 tolerance on the Alberta system is changing to -2/+4. 

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16583 which is 432 mmcf ABOVE the Linepack target of 16,151 mmcf. The ROC for the past 24 hours is +458 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +112 mmcf flowing at 6714 mmcf. ABC shows a change by +39 mmcf flowing at 1948 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -3318 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 490 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

CRITICAL NOTICE: Effective 08:00 MST February 1, 2011 tolerance on the Alberta system is changing to 0/+4.

 NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 16155 which is 4 mmcf ABOVE the Linepack target of 16,151 mmcf. The ROC for the past 24 hours is +344 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +285 mmcf flowing at 6602 mmcf. ABC shows a change by -5 mmcf flowing at 1909 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -3808 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 445 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

It is with regret that we serve notice that the month of  February 2011 will be the last that the Chase Operations Report will be published. We sincerely appreciate our current client’s patronage however, the decrease in demand for the report has causes publication to become un-economical. Our Power Fundamental Report has expanded to include some operational information, specifically, storage  info that may be of interest. Please feel free to call Bob Hesson should that interest you on a go forward basis. On behalf of Chase Energy we  sincerely appreciate you loyalty for all these past years and feel free to call if there are any questions concerning this notice. 

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15823 which is 328 mmcf BELOW the Linepack target of 16,151 mmcf. The ROC for the past 24 hours is -229 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +16 mmcf flowing at 6317 mmcf. ABC shows a change by +13 mmcf flowing at 1914 mmcf. The storage facilities collective rates are currently showing a net WITHDRAWAL = -3363 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 750 mmcf NET INCREASE in the flow rate from yesterday’s gas day.