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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|Flow Tests Approved at Pinnacles 1|
|Tel Aviv, July 10, 2012. The Operator, Noble Energy Mediterranean Ltd., completed an extensive test of the Pinnacles 1 well and its production facilities. Based on Noble's recommendation, it was decided on July 9, 2012 to approve flow tests at the Pinnacles reservoir, during which the gas composition and gas treatment measures will be tested. Flow tests are expected to begin in the near future and last for several days, under the approved total budget of approximately $5 million. Once complete, the Partnerships will work to publish an updated reserves report.
For more information please see the immediate reports as published on TASE. http://maya.tase.co.il/bursa/indeximptoday.htm