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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Natural Gas Began to Flow from Tamar
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Tel Aviv, March 31, 2013. Delek Group (TASE: DLEKG, OTCQX:DGRLY) ("the Company”) is pleased to announce that on March 31, 2013, each of the subsidiaries, Delek Drilling L.P. and Avner Oil Exploration L.P. (together "the Partnerships") published the following immediate report;

Further to section 7.4.5 of the Annual Report for 2012 of the Partnerships (Ref. 2013-01-006325 and 2013-01-006328, respectively) on the Tamar project development plan, and according to the information provided to the Partnerships by the Operator at the Tamar project, Noble Energy Mediterranean Ltd., the Partnerships are pleased to announce that on March 30, 2013 natural gas began to flow from Tamar.

Percentage holdings in the Tamar Leases are as follows :

Noble Energy Mediterranean Ltd. 36%
Isramco Negev 2 Limited Partnership 28.75%
Avner Oil Exploration - Limited Partnership 15.625%
Delek Drilling - Limited Partnership 15.625%
Dor Gas Exploration - Limited Partnership 4%

This is a convenience summary of the recent HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on March 31, 2013.

About The Delek Group

The Delek Group, Israel’s dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean’s Levant Basin into one of the energy industry’s most promising emerging regions. Having discovered Tamar and Leviathan, two of the world’s largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 33 TCF .

In addition, Delek has built an extensive network of global downstream assets, including 1,900 gas stations and convenience stores in the U.S., Europe and Israel, and petroleum refineries in the U.S. Delek also holds significant interests in leading water desalination, power generation, insurance and automotive companies .

In 2012, the Company's revenues were NIS 72 billion ($ 19 billion). Delek Group's shares are traded on the Tel Aviv Stock Exchange (TASE: DLEKG) as part of the TA25 Index.

Contact

Dalia Black / Dina Vince
Investor Relations
Delek Group
Tel: +972 9 863 8444
Email: investor@delek-group.com

Ehud Helft / Kenny Green
International Investor Relations
CCG Investor Relations
Tel: (US) 1 646 201 9246
E-mail: delek-group-ir@ccgisrael.com

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