Investor Presentaiton

2023 Alaska Investor Trip History of Oil & Gas in Alaska Santos Alaska Native Claims Settlement Act (ANCSA) ALEUT BERING STRAITS CALISTA ARCTIC SLOPE NANA BRISTOL BAY DOYON COOK INLET AHTNA KONIAG CHUGACH SEALASKA . • The first major discovery of oil in 1957 paved the way for statehood . • • Prudhoe Bay was discovered in 1968, with first production in 1977 after completion of the 800-mile Trans Alaska Pipeline System (TAPS) North Slope production peaked at 2 million barrels per day in 1988 The Alaska Permanent Fund was established in 1976 to set aside a portion of the oil revenues for future generations . The Alaska Native Claims Settlement Act of 1971 resolved the land claims of Alaska's Indigenous people • Created a dozen regional corporations and more than 200 village corporations • Native corporations are the largest private landowners in Alaska • ANCSA contains a revenue-sharing provision that ensures all Alaska Native people will benefit from their assets 41

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