ISRAEL
Adira Energy Sells Stakes In Offshore Licenses
Toronto-based Adira Energy has sold off 5-10% stakes in three of its exploration licenses offshore Israel – the Gabriella, Shmuel and Yitzhak licenses – to Israeli independent Tohar Hashemesh Energy for a total of $3.2mn. Of this sum, $1.6mn will be paid to Adira up front, while the remaining $1.6mn will be paid when Tohar Hashemesh registers with the Petroleum Supervisor at Israel’s Ministry of Water...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!