Reserves boost for exploration license offshore Israel

Modi’in Energy has issued a revised resource report for the Yam Hadera license offshore Israel.

Offshore staff

TORONTO – Modi’in Energy has issued a revised resource report for the Yam Hadera license offshore Israel.

Following reinterpretation of seismic data, consultants Netherland, Sewell & Associates claim that Yam Hadera could hold up to 208 MMbbl of recoverable oil and 3.4 tcf (96 bcm) of natural gas, with a geologic probability of success of 17%-29% for different horizons.

The location is 30 km (18.6 mi) from the coast, between Hadera and Haifa and northwest of Adira Energy’sGabriella and Yitzhak licenses.

Adira has anoption to take a 15% interest in the concession. 

7/18/2013

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