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Revised Reserves Evaluation Report and Discounted Cash Flows for the Tamar Lease
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Tel Aviv, July 2, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) ("the Company") announces that Further to that stated in section 1.7.4(I) of the Company's periodic report as at December 31, 2016, as published on March 30, 2017 (Ref. No. 2017-01-033078) (the "Periodic Report") concerning the evaluation of reserves in the Tamar project, which includes the Tamar and Tamar South-West reservoirs ("SW Tamar") in the area covered by the I/12 Tamar lease ("Tamar Project" and "Tamar Lease", respectively), and in view of the information received from the Tamar-8 development drillings and production wells , which indicated a significant increase in the volume of the Tamar Project reserves, the Company is pleased to issue an updated reserves evaluation report and discounted cash flow information, as follows:

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