This is a relatively popular move amongst corporations traded on the US stock exchange when their shares are falling and options that were granted in the past are no longer worth the paper they are written on. Under such circumstances the board of directors of the company decides to adapt the price of the option to the new value of the share in the market place.
The rate of reserves replacement of oil and gas companies
Rental fees for holding an exploration permit or license offshore Israel are: Preliminary permit: Guarantee against damages >Priority Right Fee: NIS 5.07/month per 1000 dunam >License Fee: NIS 61.25 /year per 1000 dunam >Leasehold Fee: NIS 920/ year per 1000 dunam >
A facility for the production or electricity or a power station where the two following conditions take place: (1) the energy used to generate electricity is renewable energy; (2) the rate of the renewable energy is not less than 70% of the total energy produced in the facility; in this matter, the use of fossil fuel during the course of electricity generation will be for back-up / support reasons only and its rate will not be higher than 30% of the overall electricity produced
