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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Contingent Resource Report for Tanin 1 Well

 

Contingent Resource Report for Tanin 1 Well – Monday, 09 April 2012
Tel Aviv, April 6, 2012. According a report prepared by Netherland, Sewell and Associates (NSAI) of March 31, 2012, some of the resources in the Tanin reservoir were proved-up by the Well, and therefore are classified as Contingent, while other resources, in fault blocks adjacent to that where Tanin 1 was drilled, were not proved-up and therefore remain Prospective. Accordingly, the Updated Resource Report (100%) is divided into a Contingent Resource Section and a Prospective Resource Section respectively as shown below:

For more information please see the immediate reports as published on TASE. http://maya.tase.co.il/bursa/indeximptoday.htm

 

 

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