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ADA, DNR and private developers outline short‑ and mid‑term financing for inlet wells and early coal‑gas work; governor to seek investors overseas
Summary
The Alaska Industrial Development and Export Authority said it passed a resolution to finance HexFury drilling and that royalty relief is a key part of several near‑term financing packages; ADA also flagged early‑stage coal‑to‑gas work in the Susitna Valley and said it will pursue federal financing authorities for renewable and transmission work
ANCHORAGE — The Alaska Industrial Development and Export Authority (ADA) and state officials described short‑term financing for Cook Inlet producers and early‑stage work on coal‑sourced gas in the Susitna Valley, and the governor said he will travel to a global investor conference to seek additional capital.
Randy Roraro, ADA's executive director, said ADA passed a resolution to finance HexFury's development and wells and that royalty relief forms a key part of that financing package. "Royalty relief is a key part of that financing package," Roraro said, thanking DNR and noting the…
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