Fees and Compensation — Form ADV Part 2A (3/30/2016)
[Brochure]
ITEM 5: FEES, COMPENSATION AND TERMINATION OF SERVICES
A. Fees and Compensation
For each of the Dale funds, generally, fees are deducted from the capital contributions for the
partners and not billed separately. Certain funds have no set fees and are charged a reasonable
allocation of overhead. Other funds have specific fees which are set forth in the agreements
which are used for G&A, overhead, employee salaries, land management etc.
B. Payment of Fees
As described above in Item A, fees are deducted from each of Dale’s private funds.
C. Other Fees
The Firm does not charge any fees other than those described above.
D. Prepayment of Fees
The fees are determined pursuant to the applicable limited partnership or limited liability
company agreement. There are no separate advisor fees so no refunds are available. Fees are
generally charged in arrears.
E. Other Compensation
Neither the Adviser, nor its supervised persons accept any compensation/commission for the
recommendation of securities or non-securities products including asset-based sales charges or
service fees from the sale of mutual funds or insurance products.
Form ADV Part 2A - Dale Oil & Gas Partners, LLC
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2016)
[Brochure]
ITEM 7: TYPES OF CLIENTS
Investors in the various Dale funds are generally accredited investors and qualified clients
meeting the definition of Rule 205-3 under the Investment Advisers Act of 1940. Generally our
investors either have a limited partnership interest or a membership interest in an LLC.
Minimum Investments in the Dale funds will vary between each fund based on the size of the
offering and the number of investors in the fund. Therefore, it is impossible to assess a standard
minimum investment amount.
Form ADV Part 2A - Dale Oil & Gas Partners, LLC