J.O.E.L. is an Israel-based company. The Company engages in three segments: residential construction, property investment and management, which involves initiation, designing, developing and purchase of income-yield properties in Israel, France, Czech Republic, Hungary and Germany, and oil and gas exploration, which involves explorations in Israel and the United States. The oil and gas explorations segment is involved in approximately 700 explorations through the Company’s subsidiaries, Jay Petroleum and Isramco Energy