Table III presents additional measures of the August 31,
2006 positions of Amaranth in natural gas. The total dollar
value of natural gas futures positions by Amaranth in winter
months equalled $23,489,626,234. That is, the notional value
of all winter contract months was almost $23 billion across
all exchanges and instruments. The total dollar value of nonwinter
positions was -$15.863 billion. This is consistent with
a long winter, short non-winter position.