See why no one can understand the nefarious schemes to defraud Alaskans? "new and old oil", no taxes until $73 per barrel. "the company has not projected how much oil". CP doesn't want to put meters on it, too expensive? Maybe they don't want Alaska to know how much oil comes out. Just take them at their word. So they will go with the 4% gross tax (their choice no doubt), BUT credits may reduce that to zero.  More free oil. Drill baby, Drill.  State estimates rents, royalties and bonuses at $4.3 million. How much do the natives get? How much paid back to CP in tax credits? 16,000 barrels daily (if this is even true) = 5,840,000 barrels X $42 = $245,280.000 yearly. Thats from 10 wells, but 33 are approved. Folks, we are being raped and beaten. Alaska must impose a production tax per barrel with State employees metering the flow. There is no other way to deal with these corporate oily lawyers. Now, lets all go back to arguing over income tax and  how to "restructure" the PFD.