Deutsche Oel & Gas S.A. initially set out to help mitigate the impending energy crisis in Alaska. This goal came closer to reality when the drilling platform reached Alaska and later built the first production platform, complete with pipeline and onshore processing facility in over 25 years in Cook Inlet, and began production. This was a crucial step in securing the region’s energy supply. DOGSA’s commitment to energy security in Alaska was nullified by ECP’s serious misconduct since 2018, with far-reaching consequences for the region, the company, and its shareholders.

A lawsuit was filed against Energy Capital Partners (ECP) in 2018, which was admitted by the District Court in Delaware, USA, in March 2024. This lawsuit, claiming damages of 650 million US dollars, marks a decisive progress in our pursuit of justice.
More than 10,000 investors are affected by this legal dispute.

The lawsuit includes serious allegations against ECP, including “Fraudulent Inducement” and “Civil Conspiracy to Commit Fraud”. These allegations are likely to cast an unfavourable light on ECP’s business practices.

In September 2023, Energy Capital Partners (ECP) was acquired by Bridgepoint UK, a fund with total assets of 57 billion euros. It should be noted that in financial markets, trust is a hard currency. It is a precious asset, but one that can be easily damaged.

Kay Rieck and other management members were personally sued by Energy Capital Partners for 100 million US dollars, underlining the seriousness of our dispute and his personal commitment to our cause. However, it is important to mention that this lawsuit was dismissed by the Houston court in all material aspects. This decision strengthens our position and underscores the legitimacy of our case against Energy Capital Partners.

Following the successful admission of our lawsuit, we enter the so-called Discovery Phase. This phase is crucial as it requires absolute disclosure of all relevant documents and communications from all parties involved – a step that will give us deep insights into the case. We see this as an opportunity to further strengthen our position and bring the truth to light.

The admission of the lawsuit marks an important milestone in the legal processing of the case. The corporate misconduct of Energy Capital Partners in managing DOGSA’s Kitchen Lights This case could serve as a precedent for similar future cases and emphasizes the necessity of transparent and fair trading practices. It also stresses the importance of investor protection. “This case shows that no company is too big to be held accountable,” emphasizes Kay Rieck.

The shareholders of DOGSA stand united in this process. “Our unity and commitment to justice are our greatest strength,” says Kay Rieck. “We are determined to continue this fight until justice is achieved for every single shareholder.”