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New surge of oil exploration.
From:
Israel Business Today
| Date:
March 6, 1992| Author:
Fedler, Jonathan
| COPYRIGHT 1992 Israel Business Today. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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The only place in Israel where a viable Israeli oil find has been made is on the Tel Aviv Stock Exchange, a cynic recently joked. He was commenting on the enthusiastic response to oil company flotations on the exchange - the latest being the 565-fold oversubscription of Naptha Israel Petroleum Company's participation warrants in oil exploration. The heavy oversubscription came despite the fact that, to date, aside from the Heletz fields in the 50's, and the Sinai desert, no large, ...
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