EZ Energy Ltd. (TASE:EZ) saw its share price soar 146% today on the TASE to NIS 0.15 in exceptionally heavy trading amid rumors that the company is entering the gas and oil exploration market. The share price jumped on reports it is negotiating for 10% of the Gal license, which is adjacent ot the Leviathan field.
In its financial report for the second quarter published in May, EZ Energy, headed by Eli Zahavi, stated that it had requested from the regulator for oil matters to receive a license for gas and oil exploration in the Mediterranean, although in June the company was notified that the request was denied.
Sources close to the company told "Globes" that "There have been contacts with several bodies on the subject recently although there are no specific partnerships that the company is seeking. When the company has something specific to report it will report it according to the law."
Published by Globes, Israel business news - www.globes-online.com - on September 14, 2010
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