Competitive Framework for Alaska: 2012

(սլա 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 Contribution ($ Deficiencies Excessive exploration support Chart 5.1.3.1-1 Government contribution to a $ 120 million exploration program $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 oil prices ($/bbl) $180.00 $200.00 $220.00 $240.00 $260.00 Government Total Existing producers under ACES are entitled to the 40% tax credit as well as all normal deductions of the exploration expenditures. This means that at $ 111 per barrel, the Alaska contributes 90% of the exploration costs. At $ 245 per barrel Alaska contributes 100%. 63

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