Adira Energy's farm-out of part of its Yitzhak license offshore Israel to AGR Group and Ellomay finalized
Adira Energy Ltd. is pleased to announce that it has received approval from Israel's Petroleum Commissioner for the farm-out of 25% of its interest in the Yitzhak license (the "License") to the AGR Group and Ellomay Oil and Gas 2011 LP, pursuant to a series of Farm-Out Agreements announced on December 5, 2011.
The Agreements are now unconditional and effective.
Israel and Gaza/West Bank
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
Upcoming OilVoice Training Course
Introduction to Oil and Gas Exploration and Production
This module is designed for people interested in the exploration and production of oil and gas who do not have a subsurface technical background. It provides an introduction to geology and geophysics for non-geoscientists, with an emphasis on the latest interpretation techniques, showing oilfield ex...
All OilVoice Training Courses