Gas Subsidiaries Update

The following updates are based on information released by Delek Group gas subsidiaries, Delek Energy Systems Ltd., Avner Oil & Exploration L.P and Delek Drilling L.P. All financial and business information is given only for the convenience of the reader. The only official financial and business information, is that which is included in the officially published immediate reports and financial reports of Delek Group and its gas subsidiaries, to the Israeli Securities Authority and the Tel Aviv Stock Exchange, in Hebrew. In the event of any conflict between financial and business information given on this site and the Hebrew published immediate reports, the Hebrew published immediate reports shall prevail. More on Delek Group's disclaimer.

Printer Friendly Version View printer-friendly version
<< Back
Commissionaire’s notice with regard to the collateral backing the HSBC loans

On January 19, 2012, the Oil Commissionaire did not approve the collateral backing (the partnerships rights in the “Leviathan” project) the non-recourse loan agreements that were signed between each of the limited partnerships, Delek Drilling and Avner Oil Exploration, with HSBC Bank Plc on December 22, 2011. The Commissioner noted in his statement that if the partnerships decide to submit a new application, they would have to include clarifications with regard to the “Tamar” lease work and development financing plan and provide supporting documents. The partnerships are considering additional steps, which include resubmission of an application with the new requirements.

All contents © 2010 Copyright 2010 Delek Group. All rights reserved