05.07.2009

Isramco Inc. and its subsidiaries primarily engage in the acquisition, exploration, operation, and development of oil and gas properties in the United States and Israel. Isramco is controlled by the Naphtha Group of the Jerusalem Oil exploration / Equital company. Owned (Kobi Maimon 33%, public 67%), Has a 28.75% share in the Tamar field. Naptha is a holding company whose main assets include 29.4% in Isramco.

30th June 2010 Isramco reported to SEC after reinterpretation of 3D survey in Shimshon license offshore Ashkelon that the Oligocene-Miocene sand strata in the southern part of the prospect are likely to contain gas similar to other prospects in the Nile Delta where gas has been found, but that the US consultant who reanalyzed the data estimates gas reserves at Shimshon at 1.5 trillion cubic feet (43 billion cubic meters) but estimates the chances of success at Shimshon at 15%. The Petroleum Commissioner informed partners that the term of their license has been extended until 30th June 2011 and determined that the operator in the license must present a signed drilling contract with a drilling contractor in the license area and this no later than 31st December 2010 and to start drilling no later than 30th June 2011.

I.N.O.C. Dead Sea Limited Partnership חנ”ל ים המלח

Isramco Negev-2 Limited Partnership ישראמקו נגב 2 שותפות מוגבלת

Naphtha Exploration Limited Partnership נפטא

I.O.C Israel Oil Company Ltd. חנ”ל חברת נפט לישראל בע”מ –

Drilling activities offshore Israel need to be coordinated with the Israeli navy and the Ministry of National Infrastructure as well as the Shipping and Ports Administration within the Ministry of Transport

IIF fund, owned by the Harel Group (managed by Yair Hamburger), Advocate Yehuda Raveh and Yaron Kastenbaum was established in September 2006. IIF is led by an experienced Investment Committee and a professional management team with a thorough acquaintance with the International and especially Israeli project finance and infrastructure markets. It is the first Israeli private equity fund specializing in infrastructure related projects and companies, specialiazing in investments in the field of infrastructure, including especially energy. To date, in the field of energy the fund has invested in the purchase of 20% of the Dalia Energy IPP and has led a consortium of institutions to purchase 8.6% of the shares of EMG.

The Standards Institute is a government body that operates under the Standards Law of 1953. The Institute is responsible for preparing standards to ensure the quality and safety of products. The Institute tests the compatibility of products to Israeli or international standards. These include the following areas: construction and building materials, land and roads, hydraulics and energy, communications, chemicals, food and textiles, electricity and electronics, mechanics and calibration.