Genie Energy says Israel Supreme Court lifts stay on exploratory drilling

• Genie Energy (GNE +6.3%) says the Supreme Court of Israel has rejected a petition challenging the permits issued to its Afek subsidiary, and the Court has lifted its injunction on Afek's exploratory program in the country.
• GNE now expects to spud the first exploratory well during Q1 2015, barring additional regulatory or legal delays.