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Delek Group (DK) saw its Q3 net income drop despite a 24% Y/Y rise in revenue, due to a...
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Thursday, November 29, 2012, 8:37 AM ETDelek Group (DK) saw its Q3 net income drop despite a 24% Y/Y rise in revenue, due to a "significant decline" in natural gas output mostly from depletion of the Mari B well at the Noble-operated (NE) Yam Tethys field off Israel. The Tamar field, with estimated reserves of 9.7T cubic ft., remains on track for start-up in H2 2013.
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