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 Ruth C/360 License

Tel Aviv, Wednesday, January 21, 2015. On January 21, 2015, Delek Group’s gas partnerships received a copy of a petition to the High Court of Justice number 454/15, which was filed by the Movement for Government Quality in Israel 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 Ruth C/360 license, including the partnerships. The claim mainly includes an application for an order nisi against the Minister that instructs him to show cause as to why the petitioner did not respond to requests for canceling the Commissioner's decision to extend the validity of Ruth C license, and a request for a temporary injunction which instructs the partners in Ruth C license to refrain from starting drilling in the license or to order the respondents to file a response within a short timeframe and schedule an urgent hearing on the petition.

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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