Recent Developments Confirm Value of DOGSA’s Former Alaskan Asset

Alecto Capital, LLC, as the representative of the secured assignees of Deutsche Oel & Gas S.A. (DOGSA), is providing an update on recent developments in the former Alaskan production area, the Kitchen Lights Unit (KLU).

The successes of the new operator, HEX Cook Inlet, refute a central claim made by Energy Capital Partners (ECP) in a previous litigation—namely, that the project was allegedly worthless.

Facts Demonstrate Significant Increase in Value

Under the new operator, targeted investments have been made that continue to realize the field’s enormous potential. This is precisely the path DOGSA had embarked on before ECP’s misconduct led to the loss of the project.

• Production Doubled: Two new wells completed in July 2025 led to a doubling of gas production.
• Growing Market Share: The share of gas production in the Cook Inlet increased from 5% (December 2024) to 7.5% (February 2025).
• Substantial Gas Reserves: Independent analyses confirm reserves of 300 billion cubic feet (BCF) of gas.

These results, supported by a $50 million credit line from the Alaska Industrial Development and Export Authority (AIDEA), prove the inherent value of the project that was taken from the secured assignees due to ECP’s actions.

These developments confirm the joint commitment and provide irrefutable evidence that decisively strengthens the arguments in the legal dispute.