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Nisan 2, 5770 / March 17, '10 | |
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Givat Olam Announces 600 m Oil Find Near Rosh Ha'Ayin Reported: 22:10 PM - Jan/18/10
(IsraelNN.com) Trade leaped by 16 percent on the Givat Olam oil exploration company Monday after it reported to the Tel Aviv Stock Exchange that preliminary drilling uncovered the presence of a tower of crude oil more than 600 meters long. At least 50 to 100 meters of the find is likely to be a “potential area for production” according to the report. The company said last month it had found “significant quantities” of oil in the “Meged 5” oil drilling site near Rosh Ha’Ayin. ![]() Check out the Chill Zone - Funny, Entertaining Videos © IsraelNN Syndications - This article may not be republished freely. Review what you can publish free of charge and what requires a syndication payment on the Syndications Page. News Briefs |
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