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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Delek Group Ltd (PK) | USOTC:DLKGF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 117.80 | 117.44 | 126.13 | 0.00 | 21:04:05 |
From Jul 2019 to Jul 2024
Israeli energy exploration company Isramco Negev 2 Ltd. Partnership (ISRAL.TV) said Sunday that signs of natural gas have been found in its offshore Shimshon field.
Drilling has reached the well's target depth and Isramco said it would begin production tests soon.
The Shimshon field contains an estimated 2.3 trillion cubic feet of gas.
Isramco's share of the cost of the production tests, which will cost a total of 33.7 million dollars and take about a month to complete, will be $13 million.
Isramco owns 60% of the Shimshon field, and Houston-based ATP Oil and Gas Corp. (ATPG) owning the rest.
Even though most of Israel's other natural gas fields are owned partly by Delek Group Ltd. (DLEKG.TV) and its subsidiaries, as well as by Houston-based Noble Energy Inc. (NBL.NYSE), Delek and Noble are not involved in the Shimshon field.
At 1115 GMT, shares of Isramco were up 0.011 shekels, or 2.35%, at ILS0.48 ($0.12) in a higher Tel Aviv market.
Write to Sara Toth Stub at resourcesdesklondon@dowjones.com
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