BOARD VOTES FOR 7(I) SHARING FOR CIRI SHAREHOLDERS

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At the December 16, 2005 Board Meeting, the CIRI Directors passed the following motion, which is recorded in the minutes of the meeting: ....it is "moved to authorize CIRI President & CEO Margie Brown to use her best efforts to ensure that CIRI shareholders share in 7(i) distributions in ANWR by reinstating 7(i) sharing."

2006 STATUS OF YOUR RIGHT TO 7i SHARING

In December, 2005, legislation to open ANWR failed in Congress, but only by a few votes , and only because of the failure to cut off a threatened fillibuster. Alaska's Senator Ted Stevens vowed to bring the issue back in 2006 and in fact he has. In my opinion, there is a distinct possibility that the Democrats will, in the 2006 elections, gain control of the House and/or Senate, this may be the last chance for many years for ANWR to be opened; hence the last chance, for many years, to incorporate the right to share in any legislation opening ANWR. Last year a few of the Regional Corporations supported the inclusion of ANSCA's 7i sharing provisions, but this met strong opposition by the Artic Slope Regional Corporation . Artic Slope continues to claim to be entitled to keep all oil revenues for themselves.