Scandoil  

Brownstone receives extensions on Yitzhak and Gabriella licenses, offshore Israel


Published Oct 18, 2013
Brownstone

Brownstone Energy Inc. has received an extension (the "Extension") from the Ministry of Energy and Water of the State of Israel (the "Ministry") for the work programs on the Yitzhak and Gabriella licenses, offshore Israel. Brownstone and the other license holders have also relinquished their interests in the Samuel license, offshore Israel, back to the State of Israel. Brownstone held a 6.75% interest in the Samuel license.

The extended work program for the Yitzhak license requires the Company, and the other participants on the Yitzhak license, to submit an Environmental Impact Assessment to the Central District Planning Committee of the State of Israel by January 1, 2014, and execute a drilling contract by September 30, 2014. The Yitzhak license has been extended to October 14, 2014. Brownstone holds a 15% interest in the license.

Tags: Brownstone Energy




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml