Project Profile
Value: Undisclosed
Location: Israel
Exploration: 129 Km 3D completed January 2011 by Adira (Western Geco), processing underway by CGG Veritas
Area: 31,689 Acres
Delta-1 Well drilled (off structure) in 1970’s to 4,423m, TD in Upper Jurassic above where oil encountered in Mid Jurassic (Yam Yaffo1 and Yam 2)
Bathonian (Zohar formation) tested for oil in Yam Yafo-1 (4,890m – 4,995m) and Yam-2 Well (5,315m) interesting & significant structural high
Adira holds an 85% stake in the Yitzhak licence, with Brownstone Energy holding 15% in that licence as well as the Gabriella licence.
Israel’s Modiin Energy holds 70% of Gabriella, with Adira holding the remaining 15%.
Operators:
Adira: Operator with 75% interest
Brownstone Energy: 15% interest
Tohar Hashemesh Ltd (THL): 10% working interest
Contractors:
Netherland, Sewell & Associates: Feasibility study
WesternGeco MENA: Geophysical survey
CGG Veritas: Processing Data