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 with regard to Licenses Ruth C/360, Alon A/364, Alon C/366, Alon D/367

Tel Aviv, Wednesday, September 03, 2014. Delek Group's gas subsidiaries announced on September 1, 2014, that the Petroleum Commissioner of Energy and Water Resources ("the Commissioner") announced its decision to the partners of the Ruth C/360 license with regards to extending the validity of the licenses until February 28, 2016. These are subject to a number of conditions including submitting work plans and plan for execution.
In addition, following on from the announcement of Karish and Tanin as natural gas discoveries, the partners in Alon A/364 and Alon C/366 licenses continue to act to extend the validity of these licenses in accordance with their rights under the Petroleum Law.
Finally, partners in Alon D/367 license have filed for an extension to this license. At the date of this report, the Commissioner has not yet made a decision in this regard.

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

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