Revised Reserves Evaluation Report and Discounted Cash Flows for the Tamar Lease
Tel Aviv, February 27, 2019. Delek Group (TASE: DLEKG, US ADR: DGRLY) The Company hereby respectfully issues a revised assessment report of reserves and a revised discounted cash flow for the Tamar field for year-end 2018.
The following reserves evluation and DCF projection report is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on February 19, 2019.
About The Delek Group
Delek Group is an independent E&P and the pioneering visionary behind the development of the East Med. With major finds in the Levant Basin, including the Leviathan (21.4 TCF) and Tamar (11.2 TCF) reservoirs and others, Delek is leading the region’s development into a major natural gas export hub. In addition, Delek has embarked on an international expansion with a focus on high-potential opportunities in the North Sea and North America. Delek Group is one of Israel’s largest and most prominent companies with a consistent track record of growth. Its shares are traded on the Tel Aviv Stock Exchange (TASE:DLEKG) and are part of the TA 35 Index.
For more information on Delek Group please visit www.delek-group.com
For full report please download attached PDF