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Rights in Cyprus
Delek Group (TASE: DLEKG, OTCQX: DGRLY) is pleased to announce that on February 11, 2013, each of the partnerships subsidiaries, Delek Drilling – L.P. and Avner Oil Exploration – L.P., signed the Production Sharing Contract which is originally dated October 24, 2008 (the "PSC"), granting exploration rights, appraisal, development and production of oil and/or gas in the territorial waters of the Republic of Cyprus, the area known as Block 12, and were granted search license rights – as per the PSC (the "License"). With the above mentioned signature, the transfer of 30% of Noble Energy International Ltd ("Noble Cyprus") rights to the Partnerships was completed, so the Partnerships are now part of the PSC and each one of them holds directly a 15% interest in the License .

date.png12 Feb 2013 19:02 | comments.png 0 Comments | tags.png cyprus delek europe upstream [ More ]

A-1 Well ("Aphrodite") in Block 12 in Cyprus – Announcement of Natural Gas Discovery and an Updated Post-Drill Resource Report A
Delek Group (TASE: DLEKG, OTCQX:DGRLY) (“the Company”) announced on March 06, 2012, according to the information provided to the subsidiaries Partnerships – Delek Drilling L.P. and Avner Oil & Gas Exploration L.P. (“the Partnerships”) by Noble Energy International Ltd. (“Noble” or the Operator”), the operator of the A-1 exploration well (“Aphrodite”) in Block 12 in Cyprus (the “Well” and “Block 12”, respectively) and according to the updated resource report as of March 5, 2012, prepared by Netherland Sewell and Associates, Inc. (“NSAI”), the Company respectfully notifies as follows:

date.png11 Mar 2012 19:07 | comments.png 0 Comments | tags.png cyprus delek europe upstream [ More ]

Noble Energy Announces Significant Natural Gas Discovery Offshore Republic of Cyprus
Noble Energy, Inc. (NYSE: NBL) announced today a natural gas discovery at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand intervals.

date.png28 Dec 2011 22:13 | comments.png 0 Comments | tags.png cyprus gas noble upstream [ More ]

Cyprus authorities' approval with regards to Block 12 in Cyprus
Delek Group (TASE: DLEKG, OTCQX: DGRLY) (“the Company”) is pleased to announce its subsidiary, Delek Energy Systemts Ltd., has published an immediate report referring to Cypriot authorities approval with regards to “Block 12” in Cyprus and conversion rights of the limited partnerships Delek Drilling and Avner Oil and Exploration (collectively the "Partnerships"). Please find a copy of the Delek Drilling –Limited Partnership's report below;

date.png12 Dec 2011 14:04 | comments.png 0 Comments | tags.png cyprus delek upstream [ More ]

Noble Energy Provides Update on Eastern Mediterranean Drilling Schedule
Noble Energy, Inc. (NYSE: NBL) announced today it has revised drilling plans for the three deepwater rigs it has under contract in the offshore Eastern Mediterranean. The Ensco 5006 rig (formerly the Pride North America), which has experienced multiple subsea equipment issues, will move off the Leviathan #3 well to have repairs performed to its riser system. Upon completion of that repair work, the rig is expected to drill the Dolphin prospect located on the Hanna license, offshore Israel.

date.png03 Oct 2011 05:33 | comments.png 0 Comments | tags.png cyprus israel noble upstream [ More ]
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