The Country Gas, Suburban Gas Services Energy Update …Feb 2012

Events both in the United States and over seas continue to drive volatility in the oil markets; sanctions by the United States, Britain and Canada due to Iran’s nuclear program has potential to lead to armed conflict between Iran and the West. Worries that Iran may try to block the Strait of Hormuz due to sanctions imposed on them have the energy investors nervous.

European Union finance ministers rejected the plan between Greece and it Credits that had creditors writing off 65 to 70% of existing debt; if Greece can’t fix their debt issue this will increase the potential for recession in the euro zone.

We moved to neutral price risk as it regards to propane inventory in the Mid West. The warmer winter has allowed inventory to move back into the 5 year range. Unless we have outside events effecting pricing we expect the upward pressure on pricing to ease short term.

We have little control over these kinds of events above, but here at Country Gas and Suburban Gas Services we are actively involved in what we can control. On your behalf we are engaged on a daily basis with our trading and transportation divisions to insure stable pricing, uninterrupted product flow, and the best of service to our customers as our nation works through these tough times.

As always, we thank you for your trust and patronage.

Management Team
Country Gas &
Suburban Gas Service