05.07.2009

Ginko Oil Exploration and Delek Energy have a license, the carveout Tzuk Tamrur over 16,500 dunams, to explore for oil in this area of the Judean Desert where they believe there could be 6.5 million barrels of oil. Zerah was established in 2006 as a subsidiary of Ginko Oil Exploration Ltd. Zerah License (Ginko group and its partners Delek and Avner) received permission from the Israel Nature and Parks authority to start drilling at the Tzuk Tamrur 4 site at the beginning of October. The td of the drilling is planned for 2 km at an estimated cost of $4-5 million. The Zerah license covers an area of 400 sq km north of the Dead Sea. Drilling started on the 30th November 2009. The partners in the Tzuk Tamrur 4 license are Zerach (50%), Avner (25%) that are the operator and Delek 25%. On the 31st Jan 2010 Zuk Tamrur 4 partners (Zerach 50%, Avner and Delek 25% each) have decided to move to the stage of carrying out production testing at the site after the electric logs were found to be positive. Avner, the operator of the Tzuk Tamrur 4 has informed its partners that they have reached a td of 2,103 meters and will now carry out production testing at two different layers at the Ra’af and Gvanim. Production testing will take about a month and will cost $1.8 million

Belgian Port. The terminus point of The European Interconnector, a gas line linking the UK to continental Europe, and thus a major European gas delivery hub

Russian Oil Company which was controlled by Russian billionaire Mikhail Khodorkovsky who was later imprisoned and sent to Siberia. In August 2006 Yukos was declared bankrupt

Point in a stretch test for any material beyond which the material being tested does not return to its original shape. Yield point for a pipeline is the stress level above which the pipe will yield/bend/stretch. Pipelines may bend or stretch or otherwise yield when they reach a certain stress level. The yield strength is that stress point. >

The quantity of water, coal, gold or other resource that can be produced from a deposit.

Part of the Med Tel Aviv license, 20 km northwest of the Tel Aviv coast. Total cost of drilling the well was $38 million. The well which was spudded in 1994 tested for 800 BOPD from middle Jurassic limestones