Official Rules

NO PURCHASE IS NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. ALL FEDERAL, STATE, LOCAL, AND MUNICIPAL LAWS AND REGULATIONS APPLY. VOID WHERE PROHIBITED.

1. Eligibility:
The Natural Gas Storage Contest (the “Contest”) is open to legal residents of the fifty (50) United States and the District of Columbia who are at least eighteen (18) years old at the time of entry. The Contest is subject to federal, state, and local laws and regulations.

2. Sponsor:
The Contest is sponsored by CelsiusEnergy (the “Sponsor”).

3. Agreement To Official Rules:
Participation in the Contest constitutes entrant’s full and unconditional agreement to and acceptance of these Official Rules and the decisions of the Sponsor, which are final and binding. Winning a prize is contingent upon being compliant with these Official Rules and fulfilling all other requirements set forth herein.

4. Contest Period:
The contest begins on November 2, 2017 at 12:00 EDT and ends on January 11, 2018 at 10:30 AM EDT (the “Contest Period”). Entries that are submitted before or after the Contest Period will be disqualified. Weekly entries will be accepted for the duration of the Contest by an online submission system.

5. How To Enter:
Online entry will be available by visiting the website and following the directions provided to fill out the entry information and submit.
Limit one (1) weekly entry per person, per email address, and per household for the duration of the Contest Period. Entries received from any person in excess of the stated limitation will be void. In the event that multiple entries for the same person are received, the latest submitted entry will be retained while the others will be removed.

6. Rules:
At 12 pm EDT each Thursday following the EIA’s weekly Natural Gas Storage Report, the contest will open for entrants to submit their projections for the natural gas storage week ending the next day (Friday) to be reported by the EIA the following Thursday. Entrants will also submit their forecast for the closing price of the front month natural gas futures contract as of the close of trading that following Thursday. Entries for that week will be accepted until the following Tuesday at 5 pm EDT. Because submitting picks earlier carries increased uncertainty, entrants will be awarded a “bonus multiple” of up to 3x their final score should they submit their picks right at 12 pm at the open of that week’s submission which will then decline in a linear fashion to 1x should they submit their picks at the Tuesday 5pm close. The contest will run for a total of 10 weeks with each entrant’s 2 lowest-scoring weeks discarded. Only one submission per entrant per week is allowed. In the event that multiple entries for the same person are received, the latest submitted entry will be retained while the others will be removed.

Weekly scoring will be determined by the following equation:

Weekly Score = Bonus Multiple X {(12-storage projection error) + (0.12 – price error)x150}

11/9/2017 Scoring Addendum: Beginning in Week 2 of the contest, in order to more fairly weight the challenge in forecasting natural gas price, this component of the score will be weighted 1.5x that of the storage projection. This is reflected in the updated scoring equation above. This adjustment will not impact Week 1 scores.

For example, should an entrant miss that week’s storage injection/withdrawal by 3 BCF and that week’s closing price by $0.07/MMBTU and entered sufficiently early (Saturday morning) to earn a 2.2x bonus multiple, his/her score would be: 2.2 X (9 + 5) or 30.8. Of note, there are no negative points so if an entrant misses their storage pick by more than 12 BCF or their price pick by more than $0.12/MMBTU, they he/she will receive a 0 for that portion of the score. The Sponsor reserves the right to adjust this formula on a weekly basis to ensure that the contest proceeds as fairly as possible. Any changes will be announced in advance and will not impact previous weeks’ scores At the end of the 10-week contest period, the top 3 scoring entrants will receive the prizes listed in (8.).

7. Winner Notification:
The Sponsor will attempt to notify the winners via email on or about January 12, 2018. If these winners cannot be contacted within five (5) days after the date of the first attempt to contact him/her, the Sponsor may select alternate winners based on the final rankings in order of descending rank. Potential winners must continue to comply with all terms and conditions of these Official Rules, and winning is contingent on fulfilling all requirements. All prizes will be awarded via PayPal.

8. Prizes:
1st Place: $250 USD
2nd Place: $100 USD
3rd Place: $50 USD

9. General Conditions:
In the event that the operation, security, or administration of the Contest is impaired in any way for any reason, including, but not limited to fraud, virus, bug, worm, unauthorized human intervention or other technical problems, or in the event that the contest is unable to run as planned for any other reason, as determined by the Sponsor in its sole discretion, the Sponsor may either (a) suspend the Contest to address the impairment and then resume the Contest in a manner that best conforms to the spirit of these Official Rules or (b) terminate the contest. The Sponsor reserves the right in its sole discretion to disqualify any individual it finds to be tampering with the entry process or the operation of the Contest or to be acting in violation of these Official Rules or in an unsportsmanlike or disruptive manner. Any attempt by any person to damage the website or undermine the legitimate operation of the Contest may be a violation of criminal and civil law, and, should such an attempt be made, the Sponsor reserves the right to seek damages (including attorney’s fees) and any other remedies from any such person to the fullest extent permitted by law. Failure by the sponsor to enforce any provision of these Official Rules shall not constitute a waiver of that provision.

10. Release And Limitations Of Liability:
By participating in the Contest, entrants agree to release and hold harmless the Sponsor from any claim or cause of action arising out of participation in the Contest or receipt or use of the prize, including, but not limited to: (a) any technical errors associated with the contest; (b) unauthorized human intervention in the contest; (c) mechanical, network, electronic, computer, human, printing, or typographical errors; (d) or any other errors or problems in connection with the Contest, including, without limitation, errors that may occur in the administration of the contest, the announcement of the winner, the postponement or cancellation of the event, the processing of entries or in any other Contest-related materials. The Sponsor is not responsible for any incorrect or inaccurate information, whether caused by site users, tampering, or hacking or by any equipment or programming associated with or utilized in the Contest. Entrant waives the right to claim any damages whatsoever, including, but not limited to, putative, consequential, direct or indirect damages.

11. Disputes:
Except where prohibited, each entrant agrees that any and all disputes, claims, and causes of action arising out of, or connected with, the Contest or any prize awarded shall be resolved individually, without resort to any form of class action. All issues and questions concerning the construction, validity, interpretation, and enforceability of these Official Rules, entrants rights and obligations, or the rights and obligations of the Sponsor in connection with the Contest, shall be governed by, and construed, in accordance with, the laws of the United States of America, without giving effect to any choice of law or conflict of law.