0:34
Matthew Kissinger
26:13 - 26:47
“in this example I've shown, AGDC elects to exercise its full 25% ownership option. So the 65% that the other investors selected or was issued to the other investors, we can back into 25% of that. So that's 16.25% of the total ownership of the project that we'd have direct. We still have our 25% of the carried 35% interest, which is another 8.75.”
- Speaker
- Matthew Kissinger
- Timestamp
- 26:13 – 26:47
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
So here's where we talk about how that back end right works. So in this example I've shown, AGDC elects to exercise its full 25% ownership option. So the 65% that the other investors selected or was issued to the other investors, we can back into 25% of that. So that's 16.25% of the total ownership of the project that we'd have direct. We still have our 25% of the carried 35% interest, which is another 8.75.
Related Coverage
State wins option to buy 25% of Alaska LNG after investors commit
Alaska secured the right to buy up to 25% of the Alaska LNG project after private investors commit, with six months to decide whether to invest between $230 million and $1.16 billion.
