Ann: KPO TO APPOINT FINANCIAL ADVISORS TO SECURE DIRECT THIRD-PAR, page-11

I always tend to find that with every question answered, it presents two more questions.

Like, what does this mean for the projects outside of Alberta and how does this affect KPO financially?

Some of the extra questions can be answered with some additional research others need clarification from the company.

In the case to the two questions above they both appear to be answered by prior presentations from the company, although I did have to go back to 2020 to find the information I was looking for. From Slide 10 in this old presentation:




So if KPO sell off 50% of KDP then we'd miss out on half of the reimbursement of project development costs, development fees and waterfall cashflows however would only need to cover 50% of future project development costs and would still get 100% of the annual royalty for use of the Kalina Cycle IP.