Leviathan gas reserve estimate increased by 16%


The gas reserve estimate for Israel's Leviathan natural gas field has been raised by 16%, increasing from 18.9 to 21.9 trillion cubic feet.

The partners in the field, including Noble Energy (NBL), Delek Group (DGRLY) and Ratio Oil (RTEXF), already announced last month a $30B preliminary agreement with BG Group for exporting gas to BG's LNG plant in Egypt. Under government regulation, only 40% of the gas reserves will be allowed to be exported.

Production is scheduled to begin in 2017.

From other sites
Comments (2)
  • yp1951
    , contributor
    Comments (3) | Send Message
     
    It seems that a Ratio has a huge potential to grow probably to 1 Shekel ( double from how) based on this gas increase quantity (16%)+ the agreement of $30billions with Egypt and the coming agreement with Turkey+ the fact that Nobel estimates some 1.5 billions oil barrels under Livyatan worth 150-200 billions USD, meaning that Ratio that has 15% owns some $20 Billions
    All thar means that Ratio can reach out 10-20 times within less then one year
    13 Jul 2014, 11:02 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13475) | Send Message
     
    LOL the US gas companies can't even determine their real reserves in the US. In reality the reserves everyone talks about is about as real as the estimated gold someone's grandparents buried in the ranch or the value banks hold their real estate they are afraid to sell because it would be market to real market value if it was sold.

     

    In general, they always overestimate and under deliver.
    14 Jul 2014, 04:46 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs