Oil Patch Bits: Calista announces 11th annual elders’ distribution

Petroleum News

Calista Corp.’s board of directors approved the 2018 elders’ benefit distribution. Original shareholders who are at least 65 years old as of Nov. 13 will receive $325 each.

The distribution date was Dec. 18 for both direct deposit and paper checks sent via first-class mail. More than 2,300 original shareholders are elders this year.

“Our elders are mentors, trainers and guides for our communities. It is important to support them since they are the base and pillar of our corporation since Calista’s beginning,” said Calista Corp. President/CEO Andrew Guy.

This distribution caps a record-setting year for Calista dividends. The total of all Calista dividends for the 2018 calendar year is more than $9.5 million, up from $9 million total dividends last year. This was also the first year new enrollees were eligible for Calista dividends.

Editor’s note: Some of these news items - some in expanded form - will appear in the next Arctic Oil & Gas Directory, a full color magazine that serves as a marketing tool for Petroleum News’ contracted advertisers. The next edition will be released in March.