Natural Gas Began to Flow from Tamar

abarrelfullabarrelfull wrote on 01 Apr 2013 19:27
Tags: delek israel m-east noble upstream

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Delek Group (TASE: DLEKG, OTCQX:DGRLY) ("the Company”) is pleased to announce that on March 31, 2013, each of the subsidiaries, Delek Drilling L.P. and Avner Oil Exploration L.P. (together "the Partnerships") published the following immediate report;

Further to section 7.4.5 of the Annual Report for 2012 of the Partnerships (Ref. 2013-01-006325 and 2013-01-006328, respectively) on the Tamar project development plan, and according to the information provided to the Partnerships by the Operator at the Tamar project, Noble Energy Mediterranean Ltd., the Partnerships are pleased to announce that on March 30, 2013 natural gas began to flow from Tamar.

Percentage holdings in the Tamar Leases are as follows :

  • Noble Energy Mediterranean Ltd. 36%
  • Isramco Negev 2 Limited Partnership 28.75%
  • Avner Oil Exploration - Limited Partnership 15.625%
  • Delek Drilling - Limited Partnership 15.625%
  • Dor Gas Exploration - Limited Partnership 4%

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