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 Natural Gas Reservoir Leviathan|
|Tel Aviv, Monday December 09, 2013. Delek Group gas subsidiaries, Delek Drilling LP and Avner Oil Exploration LP (together "Partnerships") published the immediate report as detailed below;|
In response to the media reports with regard to the development of a natural gas reservoir at Leviathan, and with regard to the deep reservoir targets of natural gas Leviathan license area Rachel/349 and Amit/350 (the "Leviathan reservoir", and the "Licenses", respectively), we wish to clarify and provide an update as follows:
Forward looking statement – the above mentioned estimations on FEED for FLNG and evaluation of the prospect drill and the plan to drill to the deep targets at the Licenses and / or other oil rights of the Partnerships, including an examination of suitable alternatives and possible time tables, based on estimates and assumptions received from the Operator, which are considered to be a forecast information as per their meaning in the Securities Law, 1968. The above assessments and estimates are professional assessments and estimates for which there can be no certainty and they are likely to be updated in the future. These estimates and assumptions are professional estimates and assumptions for which there is no certainty and may be updated as more information becomes available and/or due to operational and/or regulatory conditions and/or as a result of factors that are exploration and production of oil and natural gas project related.