Update With Regards to Alon B/365, Alon F/369, Ruth A/358 and Ruth B/359 licenses

December 3, 2015 at 5:17 AM EST

Tel Aviv, Monday, November 30, 2015. The Israeli  Minister of National Infrastructure, Energy and Water Resources advised the  partners in Alon B/365, Alon F/369, Ruth A/358 and Ruth B/359 licenses  (“Partners”) about his decision to reject the petition that was filed by  Partners following the Oil Commissionaire’s previous decision not to approve  the extension request.

In light of this decision of the Minister of Energy, the  Partners are now evaluating their legal options available for their realization  with regard to their rights.

For more information please see the immediate reports as  published on TASE.
http://mayafiles.tase.co.il/