israel/EAST MEDITERRANEAN

 

ILDC Energy Anticipates Offshore Drilling In Early June

The CEO of Israel Land Development Company (ILDC) Energy on 22 May said the company has raised the money it will need to start drilling in its offshore prospect in June. Ohad Marani said his company, which holds 47% of the Myra and Sarah licenses, had obtained $20mn from VNG Capital Fund of Switzerland in exchange for a 9.33% stake in the company. ILDC Energy reported in April...