Posted on 12/29/2010 5:36:01 PM PST by Nachum
The largest reserve of natural gas, over 16 trillion cubic feet, has been discovered off the coast of Israel, and is estimated to be worth more than $95 billion, U.S. company Noble Energy Inc. announced on Wednesday.
Noble Energy owns 39.66% of the prospective discovery, alongside Israeli partners Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP (22.67% each), and Ratio Oil Exploration (1992) LP with 15%.
The reserve, Leviathon, is the largest amount of natural gas discovered in the world in the last decade and is located in approximately 5,400 feet (1,645 meters) of water, about 130 kilometers offshore of Haifa and 29 miles (47 kilometers) southwest of the Tamar discovery.
(Excerpt) Read more at english.themarker.com ...
WOWSERS ...almost as much as Face Book!
Hang on to those Mercaptan stocks.
Palestinians soon to scream theft of their riches.
guess we can now stop “aid”
guess we can now stop “aid”
Somthing like that. I thought there was some prophesy about finding something under the earth...maybe that was egypt.
I predict cars trucks and power plants in israel will run on natural gas fairly soon.
If they found it here, it could never be developed. Obama doesn't want any energy self-sufficiency nonsense.
All of America's wealth must be siphoned to foreign countries where it belongs.
A reserve 5 times as large is known off the coast of Iran.. but, very little is being done to develop it.
I predict, the Israelis will do MORE with this gas in the next 5 years than Iran EVER does with theirs.
O’Israel, O’ Israel the little nation that through thee was given the King of Kings! Lord of Lords! In thee O”Irael was born a Saviour, which was Christ the Lord.”
We praise you O’God for this refreshing news for your little nation in this new knowledge of this oil discovery.
May it all be used for Thy Glory! Amen!
“Blessed is the nation whose God is the LORD; and the people
whom He hath chosen for His own inheritance.” (Psalm 33:12)
“O praise the LORD, all ye nations: praise Him, all ye people. For His merciful kindness is great toward us: and the truth of the LORD endureth for ever. Praise ye the LORD.” (Psalm 117:1-2)
“This is the LORD’S doing; it is marvellous in our eyes. This is the day which the LORD hath made, we will rejoice and be glad in it.” (Psalm 117:32-33)
Moshiach times
Leviathan is legit. I have been following it about a year. Good info at Noble’s website, investor presentations. Go to the analyst presentation from last summer for best detail.
I’m still waiting to see the”flowing milk and honey”.
I’m still waiting to see the”flowing milk and honey”.
Ka-ching
Ka-ching
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