Seeking Alpha

More gas found off Israel's coast

  • Delek Drilling (DKDRF) has found significant signs of a new natural gas deposit at the Tamar Southwest field off Israel's Mediterranean coast.
  • Earlier estimates have said that the reserve could hold 20B cubic meters of gas.
  • Delek Drilling's partners in the project are Isramco Negev 2, Avner Oil Exploration (AVOGF) and Dor Gas Exploration. Delek Drilling and Avner are subsidiaries of Delek Group (DGRLY).
  • The deposit is close to the Tamar field, which is estimated to hold 10T cubic feet of gas.
  • ETFs: GAZ, UGAZ, BOIL, DGAZ, KOLD, NAGS, GASZ, DCNG
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