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This excerpt taken from the GST 10-Q filed May 11, 2009. Commodity Price Risk Our major commodity price risk exposure is to the prices received for our natural gas production and our results of operations and operating cash flows are affected by changes in market prices. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. To mitigate a portion of the exposure to adverse market changes, we have entered into various derivative instruments. For the three months ended March 31, 2009, a 10% change in the prices received for natural gas production (before hedging activities) would have had an approximate $910,000 impact on our revenues prior to hedge transactions to mitigate our commodity pricing risk. See Note 6 – Commodity Hedging Contracts to our consolidated financial statements for additional information on our hedging activities. This excerpt taken from the GST 10-K filed Mar 16, 2009. Our major commodity price risk exposure is to the prices received for our natural gas production. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. For the year ended December 31, 2008, a 10% change in the prices received for natural gas production would have had an approximate $5.9 million impact on our revenues prior to hedge transactions to mitigate our commodity pricing risk. See Note 8—Commodity Hedging Contracts to our consolidated financial statements, beginning on page F-1, for additional information on our hedging activities.
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Table of ContentsIndex to Financial StatementsThis excerpt taken from the GST 10-Q filed Nov 10, 2008. Commodity Price Risk Our major commodity price risk exposure is to the prices received for our natural gas production. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. We have entered into hedge transactions to mitigate our commodity pricing risk. For the nine months ended September 30, 2008, a 10% change in the prices received for natural gas production would have had an approximate $4.5 million impact on our revenues before mitigating factors that might result from having hedge transactions in place. See Note 5 to our condensed consolidated financial statements for additional information on our commodity hedging activities. This excerpt taken from the GST 10-Q filed Aug 11, 2008. Commodity Price Risk Our major commodity price risk exposure is to the prices received for our natural gas production. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. We have entered into hedge transactions to mitigate our commodity pricing risk. For the six months ended June 30, 2008, a 10% change in the prices received for natural gas production would have had an approximate $3.5 million impact on our revenues before mitigating factors that might result from having hedge transactions in place. See Note 5 to our condensed consolidated financial statements for additional information on our commodity hedging activities. This excerpt taken from the GST 10-Q filed May 12, 2008. Commodity Price Risk Our major commodity price risk exposure is to the prices received for our natural gas production. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. We have entered into hedge transactions to mitigate our commodity pricing risk. For the three months ended March 31, 2008, a 10% change in the prices received for natural gas production would have had an approximate $1.7 million impact on our revenues before mitigating factors that might result from having hedge transactions in place. See Note 5 to our condensed consolidated financial statements for additional information on our hedging activities. This excerpt taken from the GST 10-K filed Mar 17, 2008. Our major commodity price risk exposure is to the prices received for our natural gas production. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. For the year ended December 31, 2007, a 10% change in the prices received for natural gas production would have had an approximate $3.4 million impact on our revenues. We have entered into hedge transactions to mitigate our commodity pricing risk. See Note 9—Commodity Hedging Contracts to our consolidated financial statements, beginning on page F-1, for additional information on our hedging activities. This excerpt taken from the GST 10-K filed Mar 27, 2007. Our major commodity price risk exposure is to the prices received for our natural gas production. Realized commodity prices received for our production are the spot prices applicable to natural gas in the region produced. Prices received for natural gas are volatile and unpredictable and are beyond our control. For the year ended December 31, 2006, a 10% change in the prices received for natural gas production would have had an approximate $2.7 million impact on our revenues. To date, we have not entered into hedge transactions to mitigate our commodity pricing risk. | EXCERPTS ON THIS PAGE:
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