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.

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Signs of Natural Gas at Tanin #1 - Sunday, 5 February 2012

Tanin #1 exploration well reached target and the partnerships have concluded that strong signs of natural gas were discovered, based on tests carried out during drilling by the Operator, Noble. It is clarified that appraisal drilling work has not yet taken place and signs of natural gas do not necessarily indicate an existence of a Discovery, as defined in the rules of the PRMS and/or by the Petroleum Law.

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