Restart 2017 - A success story

DEL Canada Limited Partnership is a limited partnership under the laws of the Canadian province of Alberta. Its corporate purpose is the production and utilization of crude oil and natural gas from the Western Canadian Sedimentary Basin.

The DEL Canada Limited Partnership was established in 2017 as part of the "RESTART 2017" by six partnerships of the Proven Oil Canada Group (POC) as a joint investment company after Edmund Kockartz and Klaus Christochowitz took over the management of the group of companies. With new capital that POC received from its limited partners through voluntary restructuring contributions, it was possible to reorganize the operating business in Canada and to recover from the consequences of the oil price crisis in 2015.

Thanks to the "RESTART 2017" initiative, the liquidation of the group of companies and the total loss of the investments could be avoided. Since that turning point, a positive operating cash flow has been generated year after year.

The German POC partnerships had been liquidated in the context of the "RESTRUCTURING 2021". The company shares (common LP units and preferred LP units) are now held directly by a limited partner in trust for the benefit of the approximately 8,700 investors. This one-level company structure means a significant reduction in administrative overhead.

At the beginning of 2022, the company started the annual distributions to its preferred investors.