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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Petition to the High Court on Granting Leviathan Leases

Tel Aviv, Wednesday May 14, 2014. On May 14, 2014, Delek Group’s gas partnerships received a copy of a petition which includes a request for a temporary injunction, which was filed by the Association for Sustainable Economics against the Minister of National Infrastructures, Energy and Water Resources, the Petroleum Commissioner of the Ministry of National Infrastructures, Energy, and Water Resources, and against the partners in Leviathan South I/14 and Leviathan North I/15 leases (“Leases”), including the partnerships. The claims are with regard to certain sections in the Leases agreements and with regard to the procedure granting these Leases. The Partnerships intend to study this above mentioned petition to the High Court with legal counsels’ assistance, in order to examine the implications and accordingly formulate further steps in this matter.

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

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