Matt Kissinger
57:34 - 58:02
"this is a contractual option, but it's not an obligation. This is very different than the model under the producers back when the state was a 25% payer. The state would have been subject to cash calls going forward, would have been subject to default provisions should they not pay into those cash calls. We don't have any of that structured into this."
“this is a contractual option, but it's not an obligation. This is very different than the model under the producers back when the state was a 25% payer. The state would have been subject to cash calls going forward, would have been subject to default provisions should they not pay into those cash calls. We don't have any of that structured into this.”
- Speaker
- Matt Kissinger
- Timestamp
- 57:34 – 58:02
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- May 28, 2026
From the transcript
And, and just because you don't participate in the first one, it doesn't mean you lose your ability to participate in later ones further down the road. Again, we can't stress this enough, this is a contractual option, but it's not an obligation. This is very different than the model under the producers back when the state was a 25% payer. The state would have been subject to cash calls going forward, would have been subject to default provisions should they not pay into those cash calls. We don't have any of that structured into this.
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