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Delek Group signs MOU with Woodside Petroleum to join Leviathan project


Published Feb 10, 2014
Delek Group

Delek Group Further to that stated in Section 1.11.27(J) of the Company's Annual Report, as amended on July 4, 2013, with regard to Woodside Energy Mediterranean Pty. Ltd., an Indirect wholly owned subsidiary of Woodside Petroleum Ltd.'s ("Woodside") offer to join the Leviathan project which is located in the area of licenses Rachel/349 and Amit/350 ("Leviathan Project"), the Company is pleased to announce that Delek Drilling Limited Partnership and Avner Oil Exploration - Limited Partnership (separately "partnership", together "the Partnerships") published today an immediate report, with regard to signing a non-binding memorandum of understanding ("MOU") with Woodside to join the Leviathan Project. Highlights of the MOU are detailed in the below immediate report as published by the Partnerships';

Further to the provisions of Section 9.7.27 of the Partnership's shelf prospectus of May 31, 2013, as amended on August 5, 2013, regarding the offer of Woodside Energy Mediterranean Pty. Ltd., fully owned subsidiary of Woodside Energy Ltd. ("Woodside"), to join the Leviathan project within the area of the 349/Rachel and 350/Amit licenses (the "Leviathan Project" and the "Licenses", respectively), the Partnerships respectfully announce that in order to promote the investment and development of Leviathan Project, the partners in the Leviathan Project, on February 7, 2014, including the Partnerships (the "Leviathan Partners") and Woodside, signed a non-binding MOU for the joining of Woodside to the Leviathan Project

Tags: Delek Group, Woodside Energy Ltd.




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