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...
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