In this podcast, Kay Rieck, founder of Deutsche Oel & Gas S.A. (DOGSA), tells how he came to be involved in the Cook Inlet project in Alaska. The story begins with an invitation to a music event in Las Vegas, where Rieck was introduced to a veteran of the oil business. This person informed him about an upcoming public auction of oil and gas rights in Alaska. Kay Rieck decided to seize this unique opportunity, as the project conditions, particularly Alaska’s Tax Credits Program, appeared extremely attractive. This program offered reimbursements of 65% on operational expenses and 45% on infrastructure measures to address Alaska’s energy crisis.

Rieck further describes how he spoke with a geologist who knew the exceptional geological conditions of the “Kitchen Lights Unit” project in detail. After successful negotiations with then-owner Danny Davis in Los Angeles, Rieck was able to secure a favorable agreement: Davis’s interests would only take effect after the German investors had received their money back. This clause was of utmost importance to Rieck, as investor security was his top priority. This strategic decision and the successful contract negotiations marked the beginning of Deutsche Oel & Gas S.A.’s journey and engagement in Alaska.