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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Update on South West Tamar Drilling

Tel Aviv, Wednesday November 27, 2013. Following on from the Delek Group gas subsidiaries announcement from yesterday, the partners in South West Tamar have announced today that its exploration rig has reached target – final depth of 5,340 meters below sea level. The Operator, Noble Energy Mediterranean Ltd. has begun works to stabilize and maintain the borehole to enable logging wire-line which may lead to a material change in the estimates referred to in the immediate report dated November 26, 2013, including the estimate of the layer thickness (net) as indicated in the repot.

For more information please see the immediate reports as published on TASE.

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