Kobi Yeshayahu and Ron Steinblatt11 Apr 10 13:21
Energy stocks in Tel Aviv are sharply higher after the US Geological Survey report.
Participation units in oil and gas exploration partnerships traded on the Tel Aviv Stock Exchange has risen sharply today. Isramco (Nasdaq: ISRL; TASE: ISRA.L), Delek Drilling Limited Partnership (TASE: DEDR.L), Yahash, Avner Oil and Gas (TASE: AVNR.L), Ratio Oil Exploration Ltd. (TASE:RATI.L), and Modiin Energy Ltd. (TASE:MDIN.L) are all up substantially.
The reason for the rises, apart from the positive general market trend, apparently lies in a US government report published on Thursday after trading in Tel Aviv had closed. According to the report, in a region of which Israel and its economic zone form a considerable proportion, there is potential for finding huge quantities of natural gas, amounting to about seventeen times the reserves discovered in the Tamar field 90 kilometers west of Haifa.
Source: http://www.globes.co.il/serveen/globes/docview.asp?did=1000551974&fid=1725
Energy stocks in Tel Aviv are sharply higher after the US Geological Survey report.
Participation units in oil and gas exploration partnerships traded on the Tel Aviv Stock Exchange has risen sharply today. Isramco (Nasdaq: ISRL; TASE: ISRA.L), Delek Drilling Limited Partnership (TASE: DEDR.L), Yahash, Avner Oil and Gas (TASE: AVNR.L), Ratio Oil Exploration Ltd. (TASE:RATI.L), and Modiin Energy Ltd. (TASE:MDIN.L) are all up substantially.
The reason for the rises, apart from the positive general market trend, apparently lies in a US government report published on Thursday after trading in Tel Aviv had closed. According to the report, in a region of which Israel and its economic zone form a considerable proportion, there is potential for finding huge quantities of natural gas, amounting to about seventeen times the reserves discovered in the Tamar field 90 kilometers west of Haifa.
Source: http://www.globes.co.il/serveen/globes/docview.asp?did=1000551974&fid=1725
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