ROYALTY-IN-KIND OIL Invoice No.: FHRA2004-05-07-00
STATEMENT OF ACCOUNT FOR  Invoice Date: 8/2/2005
FLINT HILLS RESOURCES ALASKA, LLC Due Date: 8/22/2005
Adjustment Calculation for Prior Production Month:  
  Purchasing Points
  Prudhoe Lisburne Northstar Kuparuk Milne Point Duck Island
Production Month June-05 June-05 June-05 June-05 June-05 June-05
ANS Spot Price $53.66916 $53.66916 $53.66916 $53.66916 $53.66916 $53.66916
Marine Transportation ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000)
Tariff Allowance ($3.71065) ($3.71065) ($5.44811) ($3.91151) ($4.26704) ($4.26302)
Quality Bank Adjustment $0.47299 $1.28724 $3.37889 ($0.18469) $0.07940 $0.10482
Line Loss ($0.04399) ($0.04473) ($0.04504) ($0.04322) ($0.04314) ($0.04316)
Net Adjusted RIK Sale Price $48.83751 $49.65102 $50.00490 $47.97974 $47.88838 $47.91780
Alyeska Gross Volume 12,224,082 1,281,135   5,402,025 1,333,563 550,914
Gross Volume Adjustment 0 0 0 0 0 0
Adjusted Gross Volume 12,224,082 1,281,135 0 5,402,025 1,333,563 550,914
State RIK Percentage 12.105000%[1] 12.835420%[2]  [3] 5.625000%[4] 13.0469388%[5] 13.736342%[6]
RIK Volume       1,479,725.13          164,439.06                       -            303,863.91          173,989.15            75,675.43
RIK Linefill/Loss Adjustment 0.00 0.00   (120.00) 0.00 (1.00)[7]
Adjusted RIK Volume       1,479,725.13          164,439.06                       -            303,743.91          173,989.15            75,674.43
RIK Due $72,266,090.83 $8,164,567.06 $0.00 $14,573,553.83 $8,332,058.53 $3,626,152.20
Prior RIK Payment $72,476,862.88 $7,908,862.67 $0.00 $14,206,312.25 $8,092,252.77 $3,581,309.05
Net RIK Due ($210,772.05) $255,704.39 $0.00 $367,241.58 $239,805.76 $44,843.15
Production Month May-05 May-05 May-05 May-05 May-05 May-05
ANS Spot Price $46.77190 $46.77190 $46.77190 $46.77190 $46.77190 $46.77190
Marine Transportation ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000)
Tariff Allowance ($3.71065) ($3.71065) ($5.44811) ($3.91151) ($4.26704) ($4.26302)
Quality Bank Adjustment $0.57227 $0.92428 $3.53813 ($0.49723) ($0.36501) ($0.21535)
Line Loss ($0.03788) ($0.03819) ($0.03898) ($0.03673) ($0.03653) ($0.03667)
Net Adjusted RIK Sale Price $42.04564 $42.39734 $43.27294 $40.77643 $40.55332 $40.70686
Alyeska Gross Volume 13,652,561 1,411,931 2,104,364 5,698,060 1,517,200 638,451
Gross Volume Adjustment 0 0 0 0 0 0
Adjusted Gross Volume 13,652,561 1,411,931 2,104,364 5,698,060 1,517,200 638,451
State RIK Percentage 11.328750%[8] 12.018560%[9] 0.000000%[10] 3.125000%[11] 13.045098%[12] 13.753304%[13]
RIK Volume       1,546,664.50          169,693.77                       -            178,064.38          197,920.23            87,808.11
RIK Linefill/Loss Adjustment 0.00 0.00   0.00 0.00 72.00 [14]
Adjusted RIK Volume       1,546,664.50          169,693.77                       -            178,064.38          197,920.23            87,880.11
RIK Due $65,030,498.77 $7,194,564.46 $0.00 $7,260,829.73 $8,026,322.42 $3,577,323.33
Prior RIK Payment $65,150,659.13 $6,980,142.81 $0.00 $7,162,299.58 $7,919,063.51 $3,533,241.79
Net RIK Due ($120,160.36) $214,421.65 $0.00 $98,530.15 $107,258.91 $44,081.54
Production Month April-05 April-05 April-05 April-05 April-05 April-05
ANS Spot Price $49.74936 $49.74936 $49.74936 $49.74936 $49.74936 $49.74936
Marine Transportation ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000)
Tariff Allowance ($3.71065) ($3.71065) ($5.44811) ($3.91151) ($4.26704) ($4.26302)
Quality Bank Adjustment $0.75632 $0.76597 $4.29896 ($0.40151) ($0.31911) ($0.46146)
Line Loss ($0.04072) ($0.04073) ($0.04235) ($0.03950) ($0.03925) ($0.03913)
Net Adjusted RIK Sale Price $45.20431 $45.21395 $47.00786 $43.84684 $43.57396 $43.43575
Alyeska Gross Volume 13,057,867 1,389,411   5,790,168 1,387,132 623,801
Gross Volume Adjustment 0 0 0 0 0 0
Adjusted Gross Volume 13,057,867 1,389,411 0 5,790,168 1,387,132 623,801
State RIK Percentage 11.893750%[15] 12.658800%[16] 0.000000%[17] 3.125000%[18] 13.042718%[19] 13.730581%[20]
RIK Volume       1,553,070.06          175,882.76                       -            180,942.75          180,919.72            85,651.50
RIK Linefill/Loss Adjustment 0.00 0.00   0.00 0.00 80.00 [21]
Adjusted RIK Volume       1,553,070.06          175,882.76                       -            180,942.75          180,919.72            85,731.50
RIK Due $70,205,460.44 $7,952,354.32 $0.00 $7,933,767.81 $7,883,388.64 $3,723,812.00
Prior RIK Payment $70,978,423.41 $7,791,671.34 $0.00 $7,774,981.50 $7,665,351.43 $3,686,258.17
Net RIK Due ($772,962.97) $160,682.98 $0.00 $158,786.31 $218,037.21 $37,553.83
Production Month March-05 March-05 March-05 March-05 March-05 March-05
ANS Spot Price $50.63159 $50.63159 $50.63159 $50.63159 $50.63159 $50.63159
Marine Transportation ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000)
Tariff Allowance ($3.71065) ($3.71065) ($5.44811) ($3.91151) ($4.26704) ($4.26302)
Quality Bank Adjustment $0.67357 $0.39959 $4.01857 ($0.32666) ($0.69748) ($0.59258)
Line Loss ($0.04144) ($0.04119) ($0.04289) ($0.04036) ($0.03971) ($0.03980)
Net Adjusted RIK Sale Price $46.00307 $45.72934 $47.60916 $44.80306 $44.07736 $44.18619
Alyeska Gross Volume 14,168,965 1,421,002     1,465,102 628,048
Gross Volume Adjustment 0 0 0 0 0 0
Adjusted Gross Volume 14,168,965 1,421,002 0 0 1,465,102 628,048
State RIK Percentage 8.770000%[22] 9.359140%[23] 0.000000%[24] 0.000000%[25] 13.043810%[26] 13.719703%[27]
RIK Volume       1,242,618.23          132,993.57                       -                         -            191,105.11            86,166.32
RIK Linefill/Loss Adjustment 0.00 0.00   0.00 0.00 38.00 [28]
Adjusted RIK Volume       1,242,618.23          132,993.57                       -                         -            191,105.11            86,204.32
RIK Due $57,164,253.42 $6,081,708.18 $0.00 $0.00 $8,423,408.73 $3,809,040.46
Prior RIK Payment $57,627,240.54 $5,996,181.35 $0.00 $0.00 $8,183,344.40 $3,761,703.95
Net RIK Due ($462,987.12) $85,526.83 $0.00 $0.00 $240,064.33 $47,336.51
Production Month February-05 February-05 February-05 February-05 February-05 February-05
ANS Spot Price $43.58877 $43.58877 $43.58877 $43.58877 $43.58877 $43.58877
Marine Transportation ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000)
Tariff Allowance ($3.71065) ($3.71065) ($5.44811) ($3.91151) ($4.26704) ($4.39358)
Quality Bank Adjustment $0.48046 $0.31154 $3.04744 ($0.26732) ($0.81092) ($0.61781)
Line Loss ($0.03493) ($0.03478) ($0.03567) ($0.03407) ($0.03326) ($0.03332)
Net Adjusted RIK Sale Price $38.77365 $38.60488 $39.60243 $37.82587 $36.92755 $36.99406
Alyeska Gross Volume 12,739,852 1,307,809 1,775,709   1,224,044 599,199
Gross Volume Adjustment 0 0 0 0 0 0
Adjusted Gross Volume 12,739,852 1,307,809 1,775,709 0 1,224,044 599,199
State RIK Percentage 8.358750%[29] 8.797730%[30]  [31]  [32] 13.045714%[33] 13.718121%[34]
RIK Volume       1,064,892.38          115,057.50                       -                         -            159,685.28            82,198.84
RIK Linefill/Loss Adjustment 0.00 0.00   0.00 0.00 8.00 [35]
Adjusted RIK Volume       1,064,892.38          115,057.50                       -                         -            159,685.28            82,206.84
RIK Due $41,289,764.43 $4,441,780.98 $0.00 $0.00 $5,896,786.16 $3,041,164.77
Prior RIK Payment $41,752,098.11 $4,372,007.81 $0.00 $0.00 $5,714,058.30 $3,004,075.51
Net RIK Due ($462,333.68) $69,773.17 $0.00 $0.00 $182,727.86 $37,089.26
Production Month January-05 January-05 January-05 January-05 January-05 January-05
ANS Spot Price $41.12458 $41.12458 $41.12458 $41.12458 $41.12458 $41.12458
Marine Transportation ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000) ($1.55000)
Tariff Allowance ($3.71065) ($3.71065) ($5.44811) ($3.91151) ($4.26704) ($4.39358)
Quality Bank Adjustment $0.76375 $0.30801 $3.29758 ($0.49263) ($1.28863) ($0.74738)
Line Loss ($0.03296) ($0.03255) ($0.03368) ($0.03165) ($0.03062) ($0.03099)
Net Adjusted RIK Sale Price $36.59472 $36.13939 $37.39037 $35.13879 $33.98829 $34.40263
Alyeska Gross Volume 14,107,281 1,390,792     1,532,445 740,472
Gross Volume Adjustment 0 0 0 0 0 0
Adjusted Gross Volume 14,107,281 1,390,792 0 0 1,532,445 740,472
State RIK Percentage 7.900000%[36] 8.358720%[37]  [38]  [39] 13.043396%[40] 13.711160%[41]
RIK Volume       1,114,475.20          116,252.41                       -                         -            199,882.87          101,527.30
RIK Linefill/Loss Adjustment 0.00 0.00   0.00 0.00 42.00 [42]
Adjusted RIK Volume       1,114,475.20          116,252.41                       -                         -            199,882.87          101,569.30
RIK Due $40,783,907.89 $4,201,291.18 $0.00 $0.00 $6,793,676.95 $3,494,251.05
Prior RIK Payment $41,077,037.16 $4,134,115.89 $0.00 $0.00 $6,649,123.66 $3,457,841.50
Net RIK Due ($293,129.27) $67,175.29 $0.00 $0.00 $144,553.29 $36,409.55
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[41]
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