Private equity firm ECP makes an additional investment of up to 35 million US dollars Finance for the 2018 drilling season has been fully secured The extension of the "Kitchen Lights Unit" development area is being advanced
Luxembourg, 3 April 2018: Marco Quacken has resigned as a Class B member of the Board of Directors of Deutsche Oel & Gas S.A. for personal reasons with effect from 1 April 2018.
On 2 February 2018, Governor Bill Walker’s administration put forward a bill that would allow for a total of up to USD 1 billion in outstanding and pending tax credits to be paid out from the proceeds of a bond issue.
Luxembourg, 1 February 2018: The Deutsche Oel & Gas Group has concluded a gas supply agreement with Municipal Light & Power (ML&P), a local energy provider from Anchorage in Alaska, covering the period from 3 January 2018 to 3 January 2019. This means it will be possible to supply all energy providers in the Cook Inlet with natural gas from the Kitchen Lights Unit.
Luxembourg, 26 January 2018: Deutsche Oel & Gas Group reported a successful year of production in 2017, further consolidating its market position as Alaska’s second biggest private natural gas producer.
23 January 2018 – According to information sources to date, the 7.9 magnitude earthquake off the coast of Alaska some 600 kilometres from the Kitchen Lights Unit has not resulted in any personal injury or property damage.