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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Resource Evaluation Report of Karish Prospect in Alon C/366 License - Sunday, 11 November 2012

Tel Aviv, November 11, 2012. Delek Group gas partnerships published today a report prepared by Netherland, Sewell and Associates (NSAI) of the unrisked gross (100 percent) prospective gas resources, as of October 31, 2012, for three prospective reservoirs located in the Karish 1 Prospect, Alon C License, off shore Israel.  The NSAI report is attached.
It should be noted that as of the date of this report, a decision was not yet taken by the partnerships to drill the Karish prospect and have not yet received all the necessary permits for drilling. The partnerships will publish an immediate report should they decide to drill and should all the necessary permits have been received.

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

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