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 Regards to the Extension of the Public Tender for the Supply of Natural Gas to Cyprus

 

Tel Aviv, Sunday, February 1, 2015. Further to the proposal submitted for the supply of natural gas through pipelines from the Leviathan project within a framework that was published by the Government of Cyprus through a Governmental gas company, DEFA (the “tender”), and with regards to Delek Group’s gas subsidiaries recent announcement, that they have accepted the request from DEFA to postpone the period of validity of the proposal and acceptance to January 31, 2015; Delek Group’s gas subsidiaries announced that DEFA, as of the date of this announcement, did not request to postpone the period of validity of the proposal. Therefore, without a new DEFA request for extension of the proposition as mentioned above, the validity of the offer expired.
It is noted that at this time, and to the best knowledge of the gas partnerships, the Cypriot government is examining various options to supply natural gas to the domestic market in Cyprus in addition to the tender, including the option to supply natural gas from the "Aphrodite" reservoir in Block 12 in Cyprus.
For more information please see the immediate reports as published on TASE. http://maya.tase.co.il/bursa/indeximptoday.htm

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