Middle East Economic Survey

VOL. LIII

No 17

26-April-2010

ISRAEL

Adira Farms Into Israels Notera Onshore License

Canadas Adira Energy has signed a letter of intent (LOI) with Israels Coalbed Gas Hachula (CGH) to farm into the onshore Notera petroleum license in northern Israel, with a 70% working interest. Adira will pay $200,000 to CGH shareholders as well as drill one cored well to evaluate exploration potential on the 76.89 sq km license, it said on 21 April. The Notera license is located...