Israel Opportunity Energy Resources, LP
Israel Opportunity – Energy Resources, Limited Partnership (The Partnership) was founded in February 2010 and is listed on the Tel Aviv Stock Exchange since July 2010.
The objective of the Partnership is to participate in oil and/or gas explorations in the geographic areas defined or to be defined in the limited partnership contract as updated from time to time. As of today, the Partnership has engaged in contracts for a diversified portfolio of participating rights in various marine and land oil assets covering an overall area of approx. 3000 square km.
The assorted oil rights provide an exposure to the potential in Israel's deep waters, whilst dispersing risks. The Partnership currently holds 21% (subject to obtaining all necessary approvals) in Pelagic licenses: Iishai, Aditia, Lala, Yahav and Yoed. On November 19th, 2015, the "Aphrodite" gas field that is partly located within the "Ishai" License, was declared a discovery by the Petroleum Commissioner, as defined by the Petroleum Law.
In addition, the Partnership holds 41.5% (subject to obtaining all necessary approvals) of Oz marine license, 10% of Royee license and 25% of Hatrurim onshore license.
The Partnership is managed by the general partner: Israel Opportunity – Oil and Gas Exploration Ltd.