Delek Group Ltd. (TASE:DLEKG) chairman Gabi Last has ridiculed claims by Lebanese parliamentarians that part of the Tamar gas prospect may belong to Lebanon.
Last said, "The border of Israel's exclusive economic zone waters passes to the north of the Tamar oil drilling, and significantly so."
Two Delek Group subsidiaries, Delek Drilling Limited Partnership (TASE: DEDR.L) and Avner Oil and Gas LP (TASE: AVNR.L) each own 15.625% in the Tamar prospect.
Yitzhak Tshuva is the controlling shareholder in Delek Group.
The Tamar 1 well is located 90 kilometers west of Haifa at a total depth of 16,076 feet (4,900 meters) feet. Preliminary indications show 88 billion cubic meters of natural gas at the Tamar prospect worth an estimated $15 billion.
Delek's partners in the prospect are Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) (28.85%), Noble Energy Inc. (NYSE: NBL) (36%), and Alon Israel Oil Company Ltd. subsidiary Dor Gas Exploration Ltd. (4%).
Published by Globes [online], Israel business news - www.globes-online.com - on January 21, 2009
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