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Wondering What Happened we received $2.0 bilon in production revenue. At S69 ol in Balot Measure 1"this October. To Your Dividend, and 2019, we only received S500 milion. In 2010, at $75 ol, we received $2.6 billion in production revenue. Iin 2015, at $72 Exon and ConocoPhilips got a 40% cut in their tederal corporate tax rate in 2017. Union members and About 17 Billion Dollars of ol, we lost $200 million, becuse of S8 215 mucn wer teachers, how many new jobs do you have since 20157? Your Savings, Since 2015? production tax ra, and S8 21s credk system. Godbye How have your benefts packages improved? With the many billions in net profits splt between Exon, ConocoPhillips, and BPHilcorp, over just the last three years, there should be lots of jobs for everyone. Alaska's economy should be doing very well What happened to our capital budget, and maintaining and improving our intrastructure-with good The many thousands of Alaskans voting "Yes on 1" Ballot Measure One, want Alaskans to know where the money went. We warnt Alaskans to know the "merits"-the tacts and evidence supporting our "Yes on 1" votes. We want Alaskans to go to our website, alaskastairshare.com which is also your website, because we all share ownership in the Prudhoe Bay. Alpine, and Kuparuk oil flelds-our "legacy" fields, to spend time there, and to leam why we have to restore our legacy field production share trom our ol fields on the North Slope. Production Revenues After Credits 2009-2019 e N se jobs for Alaskans? With the spending of $17 bilion dollars, from our savings, every curent and future Alaskan has been adversely affected by lost opportunity to preserve more money in our "permanent" fund. PFDs, education and other govermment services we should The other highily relevant information which the have had available from our fair share have been severely legacy oll fields, was enacted, with direct emplovees of Legislature, ConocoPhilips, Exxon, and BP/Hilcorp and their "punished" because too many of us trusted big ol to be ConocoPhillips voting on SB 21 (big confict for Alaskansi. lobbyists do not want Alaskans to know about, to review, nice/tair to us. As usual, that trust has been misplaced, and We also wanted to have these things occur, after SB 21 had dscuss, and debate, is just how lost cost and profitable the Alaska we all love has suffered. But ConocoPhilips been in place, and after we saw what happened-with the our oil is, compared to the Lower 48. Other owners of ol credit ratings improved, they increased share buybacks. legislature spending bilions of our savings, sending even presumably do not alow oil companies to embed their own and they increased their shareholder dividends They are more extra money to ConocoPhilips and Exxon- with no employees in their legislatures to tell them what a fair deal looking out for their owners-as they are supposed to do. production revenue, after credits, to Alaska S8 21 was. is. Texas gets 25% for its royalty ol--100% more than our Good for them, not good for us, as owners of the oil. obviously, not a good business deal for us and our families 125% royalty Balot Measure One does not change our The owners of these legacy assets, Alaskans, and their We want Alaskans to have transparency, and a robust public forum, to review, explain, and debate the issues-just ike what should have happened in our legislature-years ago, in 2013, when SB 21, the current ol fiscal policy atfecting our Prudhoe Bay. Alpine and Kuparuk as owners of these legacy felds. 21 4% to 10%, on prices up to $50 dollar ol. Then there Fan, Hickel and Palin, who noted and/or acted on our joint The legislature could have, but did not, hold is a sliding scale up to 15%, to allow Alaska to share higher obligation to be "vigilant and forceful in the protection" of hearings on Ballot Measure One (Alaska's Fair Share)- values with producers. But the royalty stays at the very low our own interests, when it comes to focusing on whether rather, t declined to do so, even after spending most of our rate of just 12.5%. Owners in the Lower 48 do not fall for we are receiving our fair share of our legacy field oil wealth. savings. So we know the only way to fix things is through the fear without facts messages from producers, they know This is an Alaska issue. It does not mater what "party" direct democracy. the oftizens intiative, which is Ballot what competitive fiscal systems alow, and they receive a lot you belong to-the flow of revenue trom our legacy fields Measure 1 on this tall's balot. But, again, we want Alaskans more money for their ol to go to their website, alaskastairshare.com, to review the runs the state. R benefits all of us. It hurts all of us when The orly specific producer partner we have some we unnecessarity send bilions of dollars out of state. That information which the Legislature, Conocormgs, Eon. info for is ConocoPhilips. (Balot Measure One ends this also makes the PFD smaler. The way to a smaler PFD, BPHicorp, and their lobbyists did not want you to see. When you go to the website and spend a couple hours Tioe the data from Alaskans" nonsense by making expense and a likely income tax to cover some of the legacy oil field reading articles and looking at graphs, you will see that you d prot data relabng to our publicly owned legacy ol wealth we are giving away with SB 21, is to vote no on have been misled by big ol. And you should spend a couple helds public) Not complex. Hiding this extremely relevant the Balot Measure. This is what ConocoPhilips. Exon, and hours at your website reviewing the info there. your to Alaskans. ConocoPhilips did tell investors and others, n The "let the legislature deal with i is a dead end for Alaska. oil too. It should still be a much larger share of annual revenue, and able to fund many things. info trom Alaskans makes things more complex and unfair their shareholders, would like you to do. its 2018 Annual Report, filed under Securities and Exchange Commission regulations and guidelines dealing with being Divert. delay, and dispose of without considering the industry strategy with the legisiature Alaskans with fear without tacts messaging is standard supply resource base, including increasing our legacy asset ever since S8 21 went into effect in 2015. This has cost operating procedure for them. None of the producers are position in Alaska through two separate acquisitions." Page us, on average, about one bilion dollars a year Aaskans, That multinational ol companies mislead honest with investors, that it had "added to our low cost of merits" has been by the many thousands, are tired of having their legislators represent Exxon, ConocoPhillips, and Hicorp, rather than based in Alaska To have them attack "outside" interests is 34. silly. Alaskans and others want to protect our environment, while allowing for responsible ol devekopment. The ConocoPhillips has never reported a "loss" on ts Alaska Initiative does not apply to any ol fields beyond our own ol operations. From 2010-14, under a much higher 25% legacy fields, which have been developed, and which will ACES production tax rate, ConocoPhillips reported net produce ol for years to come. But big ol does not want income from its Alaska ol operation averaging over $2 to discuss these issues (hey were not fans of double hull billion a year-again, after paying us several bilon dollars tarkers either) Rather, they want to divert attention from a year in production tax revenues. From 2017 to 2019, they are registered to vote. Request absentee balots. Folow the he merits" to avoid talking about their profits and our low reported 4.8 bilion dollars in net income on their Alaska ol instructions on them caretully, so your votes count. Know cost ol. Big ol is not required to be honest with Alaskans operations, which is mostly from our legacy ol felds. CP how you are going to vote before you receive your bailot when it comes to tv ads and Facebook messages. For some 2019 Annual Report, page 46. honesty from big oil about the merits, you have to review public records relating to income and profits on our legacy field ol. Over the past ten years, back to 2010 their constituents-Alaskan citizens. Voting Will Be Very Important This Year Please make sure you and your triends and tamily this October. This economic disaster from SB 21 has been From the chart above, you can see that we only with us since 2015. It has nothing to do with Covid-19 or received $400 milion in producton revenue, over the same the price of ol. It will continue after Covid-19 is history- three years, from all three producers. We know about unless Alaskans vote "Yes on 1" this fall. ConocoPhilips 48 bilion in net income for those three Show Me The Money- Or, What Happened To Our Production Revenue, And Did ConocoPhillips, By Itself, Really Report 4.8 Billion Dollars in Net Income On Alaska Oil While Alaskans Only Netted $400 Million? SB 21 was self-inflicted, by having the legistature years, but we don't get Alaska net income info from Excon trust Exxon and ConocoPhillips. We know the consequences or BPHilcorp, because they decine to make it public. And, now. Many of us knew the consequences then. We cannot based on our look into ConocoPhilips' profits, we understand undo the past damage to education, to teachers, to the why they want to continue hiding this information from you. revenue loss, and spending $17 bilon of our savings. We as the owners of these legacy felds) f you knew how can only look to the future. The remedy, wonderfuly, is also much of your oil wealth money was leaving Aaska without our choice, by voting "Yes on 1, Balot Measure One this investment here, you would want to keep very close tabs fal" Be vigilant, and protect our joint interests in our legacy on where your ol wealth was going. Especialy when the Governor or legislature telis you we have no revenue to pay for full PFD's. We can keep raiding our children's savings, for field production revenue Thanks for reading. going to your website, one more year, maybe, but that is not responsible behavior alaskastairshare.com and paying attention to "the merits," for adults. Time to think "inside the box" again and recal rather than irrelevant and deceptive messages, paid for by The Production Revenues Ater Credits 2009- that our legacy field production revenue paid for all sorts of companies who wart to keep our oil "low cost" and below 2019 graph above shows how much we received under things, at all types of oll prices, right up until 2015, when fair value. And, thanks for donating, and for voting "Yes on Governor Palin's ACES ol fscal policy, compared with SB 21 went into effect. We need to restore some of our 1". Dave Carter Retired Atomey Anchorage 907-349-4960. Govemor Parnells SB 21 ol fiscal policy. At $68 ol in 2009, traditional legacy field production revenue by voting "Yes on If you have questions, cal. Wondering What Happened we received $2.0 bilon in production revenue. At S69 ol in Balot Measure 1"this October. To Your Dividend, and 2019, we only received S500 milion. In 2010, at $75 ol, we received $2.6 billion in production revenue. Iin 2015, at $72 Exon and ConocoPhilips got a 40% cut in their tederal corporate tax rate in 2017. Union members and About 17 Billion Dollars of ol, we lost $200 million, becuse of S8 215 mucn wer teachers, how many new jobs do you have since 20157? Your Savings, Since 2015? production tax ra, and S8 21s credk system. Godbye How have your benefts packages improved? With the many billions in net profits splt between Exon, ConocoPhillips, and BPHilcorp, over just the last three years, there should be lots of jobs for everyone. Alaska's economy should be doing very well What happened to our capital budget, and maintaining and improving our intrastructure-with good The many thousands of Alaskans voting "Yes on 1" Ballot Measure One, want Alaskans to know where the money went. We warnt Alaskans to know the "merits"-the tacts and evidence supporting our "Yes on 1" votes. We want Alaskans to go to our website, alaskastairshare.com which is also your website, because we all share ownership in the Prudhoe Bay. Alpine, and Kuparuk oil flelds-our "legacy" fields, to spend time there, and to leam why we have to restore our legacy field production share trom our ol fields on the North Slope. Production Revenues After Credits 2009-2019 e N se jobs for Alaskans? With the spending of $17 bilion dollars, from our savings, every curent and future Alaskan has been adversely affected by lost opportunity to preserve more money in our "permanent" fund. PFDs, education and other govermment services we should The other highily relevant information which the have had available from our fair share have been severely legacy oll fields, was enacted, with direct emplovees of Legislature, ConocoPhilips, Exxon, and BP/Hilcorp and their "punished" because too many of us trusted big ol to be ConocoPhillips voting on SB 21 (big confict for Alaskansi. lobbyists do not want Alaskans to know about, to review, nice/tair to us. As usual, that trust has been misplaced, and We also wanted to have these things occur, after SB 21 had dscuss, and debate, is just how lost cost and profitable the Alaska we all love has suffered. But ConocoPhilips been in place, and after we saw what happened-with the our oil is, compared to the Lower 48. Other owners of ol credit ratings improved, they increased share buybacks. legislature spending bilions of our savings, sending even presumably do not alow oil companies to embed their own and they increased their shareholder dividends They are more extra money to ConocoPhilips and Exxon- with no employees in their legislatures to tell them what a fair deal looking out for their owners-as they are supposed to do. production revenue, after credits, to Alaska S8 21 was. is. Texas gets 25% for its royalty ol--100% more than our Good for them, not good for us, as owners of the oil. obviously, not a good business deal for us and our families 125% royalty Balot Measure One does not change our The owners of these legacy assets, Alaskans, and their We want Alaskans to have transparency, and a robust public forum, to review, explain, and debate the issues-just ike what should have happened in our legislature-years ago, in 2013, when SB 21, the current ol fiscal policy atfecting our Prudhoe Bay. Alpine and Kuparuk as owners of these legacy felds. 21 4% to 10%, on prices up to $50 dollar ol. Then there Fan, Hickel and Palin, who noted and/or acted on our joint The legislature could have, but did not, hold is a sliding scale up to 15%, to allow Alaska to share higher obligation to be "vigilant and forceful in the protection" of hearings on Ballot Measure One (Alaska's Fair Share)- values with producers. But the royalty stays at the very low our own interests, when it comes to focusing on whether rather, t declined to do so, even after spending most of our rate of just 12.5%. Owners in the Lower 48 do not fall for we are receiving our fair share of our legacy field oil wealth. savings. So we know the only way to fix things is through the fear without facts messages from producers, they know This is an Alaska issue. It does not mater what "party" direct democracy. the oftizens intiative, which is Ballot what competitive fiscal systems alow, and they receive a lot you belong to-the flow of revenue trom our legacy fields Measure 1 on this tall's balot. But, again, we want Alaskans more money for their ol to go to their website, alaskastairshare.com, to review the runs the state. R benefits all of us. It hurts all of us when The orly specific producer partner we have some we unnecessarity send bilions of dollars out of state. That information which the Legislature, Conocormgs, Eon. info for is ConocoPhilips. (Balot Measure One ends this also makes the PFD smaler. The way to a smaler PFD, BPHicorp, and their lobbyists did not want you to see. When you go to the website and spend a couple hours Tioe the data from Alaskans" nonsense by making expense and a likely income tax to cover some of the legacy oil field reading articles and looking at graphs, you will see that you d prot data relabng to our publicly owned legacy ol wealth we are giving away with SB 21, is to vote no on have been misled by big ol. And you should spend a couple helds public) Not complex. Hiding this extremely relevant the Balot Measure. This is what ConocoPhilips. Exon, and hours at your website reviewing the info there. your to Alaskans. ConocoPhilips did tell investors and others, n The "let the legislature deal with i is a dead end for Alaska. oil too. It should still be a much larger share of annual revenue, and able to fund many things. info trom Alaskans makes things more complex and unfair their shareholders, would like you to do. its 2018 Annual Report, filed under Securities and Exchange Commission regulations and guidelines dealing with being Divert. delay, and dispose of without considering the industry strategy with the legisiature Alaskans with fear without tacts messaging is standard supply resource base, including increasing our legacy asset ever since S8 21 went into effect in 2015. This has cost operating procedure for them. None of the producers are position in Alaska through two separate acquisitions." Page us, on average, about one bilion dollars a year Aaskans, That multinational ol companies mislead honest with investors, that it had "added to our low cost of merits" has been by the many thousands, are tired of having their legislators represent Exxon, ConocoPhillips, and Hicorp, rather than based in Alaska To have them attack "outside" interests is 34. silly. Alaskans and others want to protect our environment, while allowing for responsible ol devekopment. The ConocoPhillips has never reported a "loss" on ts Alaska Initiative does not apply to any ol fields beyond our own ol operations. From 2010-14, under a much higher 25% legacy fields, which have been developed, and which will ACES production tax rate, ConocoPhillips reported net produce ol for years to come. But big ol does not want income from its Alaska ol operation averaging over $2 to discuss these issues (hey were not fans of double hull billion a year-again, after paying us several bilon dollars tarkers either) Rather, they want to divert attention from a year in production tax revenues. From 2017 to 2019, they are registered to vote. Request absentee balots. Folow the he merits" to avoid talking about their profits and our low reported 4.8 bilion dollars in net income on their Alaska ol instructions on them caretully, so your votes count. Know cost ol. Big ol is not required to be honest with Alaskans operations, which is mostly from our legacy ol felds. CP how you are going to vote before you receive your bailot when it comes to tv ads and Facebook messages. For some 2019 Annual Report, page 46. honesty from big oil about the merits, you have to review public records relating to income and profits on our legacy field ol. Over the past ten years, back to 2010 their constituents-Alaskan citizens. Voting Will Be Very Important This Year Please make sure you and your triends and tamily this October. This economic disaster from SB 21 has been From the chart above, you can see that we only with us since 2015. It has nothing to do with Covid-19 or received $400 milion in producton revenue, over the same the price of ol. It will continue after Covid-19 is history- three years, from all three producers. We know about unless Alaskans vote "Yes on 1" this fall. ConocoPhilips 48 bilion in net income for those three Show Me The Money- Or, What Happened To Our Production Revenue, And Did ConocoPhillips, By Itself, Really Report 4.8 Billion Dollars in Net Income On Alaska Oil While Alaskans Only Netted $400 Million? SB 21 was self-inflicted, by having the legistature years, but we don't get Alaska net income info from Excon trust Exxon and ConocoPhillips. We know the consequences or BPHilcorp, because they decine to make it public. And, now. Many of us knew the consequences then. We cannot based on our look into ConocoPhilips' profits, we understand undo the past damage to education, to teachers, to the why they want to continue hiding this information from you. revenue loss, and spending $17 bilon of our savings. We as the owners of these legacy felds) f you knew how can only look to the future. The remedy, wonderfuly, is also much of your oil wealth money was leaving Aaska without our choice, by voting "Yes on 1, Balot Measure One this investment here, you would want to keep very close tabs fal" Be vigilant, and protect our joint interests in our legacy on where your ol wealth was going. Especialy when the Governor or legislature telis you we have no revenue to pay for full PFD's. We can keep raiding our children's savings, for field production revenue Thanks for reading. going to your website, one more year, maybe, but that is not responsible behavior alaskastairshare.com and paying attention to "the merits," for adults. Time to think "inside the box" again and recal rather than irrelevant and deceptive messages, paid for by The Production Revenues Ater Credits 2009- that our legacy field production revenue paid for all sorts of companies who wart to keep our oil "low cost" and below 2019 graph above shows how much we received under things, at all types of oll prices, right up until 2015, when fair value. And, thanks for donating, and for voting "Yes on Governor Palin's ACES ol fscal policy, compared with SB 21 went into effect. We need to restore some of our 1". Dave Carter Retired Atomey Anchorage 907-349-4960. Govemor Parnells SB 21 ol fiscal policy. At $68 ol in 2009, traditional legacy field production revenue by voting "Yes on If you have questions, cal.

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