| ROYALTY-IN-KIND OIL | Invoice No.: | FHRA2004-04-08-00 | |||||||||||||||||
| STATEMENT OF ACCOUNT FOR | Invoice Date: | 9/15/2004 | |||||||||||||||||
| FLINT HILLS RESOURCES ALASKA, LLC | Due Date: | 9/20/2004 | |||||||||||||||||
| Adjustment Calculation for Prior Production Month: | |||||||||||||||||||
| Purchasing Points | |||||||||||||||||||
| Prudhoe | Lisburne | Northstar | Kuparuk | Milne Point | Duck Island | ||||||||||||||
| Production Month | July-04 | July-04 | July-04 | July-04 | July-04 | July-04 | |||||||||||||
| ANS Spot Price | $39.44047 | $39.44047 | $39.44047 | NOTE: | Averages were calculated incorrectly in Excel | ||||||||||||||
| Marine Transportation | ($1.55000) | ($1.55000) | ($1.55000) | Now use corrected averages from DOGMA | |||||||||||||||
| Tariff Allowance | ($3.05056) | ($3.05056) | ($4.78905) | ||||||||||||||||
| Quality Bank Adjustment | $0.69115 | $0.52067 | $3.19292 | ||||||||||||||||
| Line Loss | ($0.03198) | ($0.03182) | ($0.03266) | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Net Adjusted RIK Sale Price | $35.49908 | $35.32876 | $36.26168 | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Alyeska Gross Volume | 12,320,558 | 1,469,489 | 2,163,699 | 0 | 0 | 0 | |||||||||||||
| Gross Volume Adjustment | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Adjusted Gross Volume | 12,320,558 | 1,469,489 | 2,163,699 | 0 | 0 | 0 | |||||||||||||
| State Ownership Percentage | 100.00% | 100.00% | 82.16% | 100.00% | 100.00% | 100.00% | |||||||||||||
| Purchasing Percentage | 95.000000% | 95.000000% | 95.002501% | ||||||||||||||||
| Royalty Rate | 12.500000% | 13.347523% | 20.000000% | ||||||||||||||||
| RIK Volume | 1,463,066.26 | 186,333.36 | 337,770.96 | - | - | - | |||||||||||||
| RIK Linefill/Loss Adjustment | - | 244.00 | |||||||||||||||||
| Adjusted RIK Volume | 1,463,066.26 | 186,333.36 | 338,014.96 | - | - | - | |||||||||||||
| RIK Due | $51,937,506.21 | $6,582,926.56 | $12,256,990.31 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Prior RIK Payment | $52,133,191.32 | $6,426,648.77 | $11,932,550.04 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Net RIK Due | ($195,685.11) | $156,277.79 | $324,440.27 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Production Month | June-04 | June-04 | June-04 | June-04 | June-04 | June-04 | |||||||||||||
| ANS Spot Price | $36.72912 | $36.72912 | $36.72912 | ||||||||||||||||
| Marine Transportation | ($1.55000) | ($1.55000) | ($1.55000) | ||||||||||||||||
| Tariff Allowance | ($3.05056) | ($3.05056) | ($4.78905) | ||||||||||||||||
| Quality Bank Adjustment | $0.64394 | $0.19059 | $3.06996 | ||||||||||||||||
| Line Loss | ($0.02950) | ($0.02909) | ($0.03011) | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Net Adjusted RIK Sale Price | $32.74300 | $32.29006 | $33.42992 | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Alyeska Gross Volume | 12,943,346 | 1,564,475 | 2,186,250 | 0 | 0 | 0 | |||||||||||||
| Gross Volume Adjustment | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Adjusted Gross Volume | 12,943,346 | 1,564,475 | 2,186,250 | 0 | 0 | 0 | |||||||||||||
| State Ownership Percentage | 100.00% | 100.00% | 82.16% | 100.00% | 100.00% | 100.00% | |||||||||||||
| Purchasing Percentage | 95.000000% | 95.000000% | 95.005695% | ||||||||||||||||
| Royalty Rate | 12.500000% | 13.362316% | 20.000000% | ||||||||||||||||
| RIK Volume | 1,537,022.34 | 198,597.59 | 341,302.83 | - | - | - | |||||||||||||
| RIK Linefill/Loss Adjustment | - | - | 349.00 | ||||||||||||||||
| Adjusted RIK Volume | 1,537,022.34 | 198,597.59 | 341,651.83 | - | - | - | |||||||||||||
| RIK Due | $50,326,722.48 | $6,412,728.10 | $11,421,393.34 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Prior RIK Payment | $50,488,524.82 | $6,325,237.91 | $11,042,685.96 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Net RIK Due | ($161,802.34) | $87,490.19 | $378,707.38 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Production Month | May-04 | May-04 | May-04 | May-04 | May-04 | May-04 | |||||||||||||
| ANS Spot Price | $39.06467 | $39.06467 | $39.06467 | ||||||||||||||||
| Marine Transportation | ($1.55000) | ($1.55000) | ($1.55000) | ||||||||||||||||
| Tariff Allowance | ($3.05056) | ($3.05056) | ($4.78905) | ||||||||||||||||
| Quality Bank Adjustment | $0.64619 | $0.40300 | $2.91436 | ||||||||||||||||
| Line Loss | ($0.03160) | ($0.03138) | ($0.03208) | ||||||||||||||||
| Net Adjusted RIK Sale Price | $35.07870 | $34.83573 | $35.60790 | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Alyeska Gross Volume | 14,275,030 | 1,658,539 | 2,335,694 | 0 | 0 | 0 | |||||||||||||
| Gross Volume Adjustment | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Adjusted Gross Volume | 14,275,030 | 1,658,539 | 2,335,694 | 0 | 0 | 0 | |||||||||||||
| State Ownership Percentage | 100.00% | 100.00% | 82.16% | 100.00% | 100.00% | 100.00% | |||||||||||||
| Purchasing Percentage | 71.630000% | 71.630000% | 94.999993% | ||||||||||||||||
| Royalty Rate | 12.500000% | 13.338526% | 20.000000% | ||||||||||||||||
| RIK Volume | 1,278,150.50 | 158,463.22 | 364,611.15 | - | - | - | |||||||||||||
| RIK Linefill/Loss Adjustment | - | 84.00 | |||||||||||||||||
| Adjusted RIK Volume | 1,278,150.50 | 158,463.22 | 364,695.15 | - | - | - | |||||||||||||
| RIK Due | $44,835,857.94 | $5,520,181.95 | $12,986,028.43 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Prior RIK Payment | $44,994,003.51 | $5,434,727.49 | $12,825,212.46 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Net RIK Due | ($158,145.57) | $85,454.46 | $160,815.97 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Production Month | April-04 | April-04 | April-04 | April-04 | April-04 | April-04 | |||||||||||||
| ANS Spot Price | $35.42841 | $35.42841 | $35.42841 | ||||||||||||||||
| Marine Transportation | ($1.55000) | ($1.55000) | ($1.55000) | ||||||||||||||||
| Tariff Allowance | ($3.05056) | ($3.05056) | ($4.78905) | ||||||||||||||||
| Quality Bank Adjustment | $0.52583 | $0.41962 | $2.89598 | ||||||||||||||||
| Line Loss | ($0.02822) | ($0.02812) | ($0.02879) | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Net Adjusted RIK Sale Price | $31.32546 | $31.21935 | $31.95655 | $0.00000 | $0.00000 | $0.00000 | |||||||||||||
| Alyeska Gross Volume | 14,372,628 | 1,693,513 | 1,899,500 | 0 | 0 | 0 | |||||||||||||
| Gross Volume Adjustment | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Adjusted Gross Volume | 14,372,628 | 1,693,513 | 1,899,500 | 0 | 0 | 0 | |||||||||||||
| State Ownership Percentage | 100.00% | 100.00% | 82.16% | 100.00% | 100.00% | 100.00% | |||||||||||||
| Purchasing Percentage | 94.940000% | 94.940000% | 95.005476% | ||||||||||||||||
| Royalty Rate | 12.500000% | 13.287744% | 20.000000% | ||||||||||||||||
| RIK Volume | 1,705,671.63 | 213,643.17 | 296,536.64 | - | - | - | |||||||||||||
| RIK Linefill/Loss Adjustment | - | 377.00 | |||||||||||||||||
| Adjusted RIK Volume | 1,705,671.63 | 213,643.17 | 296,913.64 | - | - | - | |||||||||||||
| RIK Due | $53,430,948.42 | $6,669,800.90 | $9,488,335.58 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Prior RIK Payment | $53,895,317.52 | $6,550,408.55 | $9,279,468.71 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Net RIK Due | ($464,369.10) | $119,392.35 | $208,866.87 | $0.00 | $0.00 | $0.00 | |||||||||||||