[Nachum]

Leviathon. Things that make you go hmmmm

[Baynative]

"Largest natural gas reserve discovered in Israel worth approximately $95 billion"

WOWSERS ...almost as much as Face Book!

[Sawdring]

Hang on to those Mercaptan stocks.

[SandRat]

Palestinians soon to scream theft of their riches.

[SkyPilot]

Doesn't the Bible speak of a time when the world lusts after the riches of Israel and attacks her?

[JPG]

How do you say ‘Ka-ching’ in Hebrew?

[mamelukesabre]

I predict cars trucks and power plants in israel will run on natural gas fairly soon.

[E. Pluribus Unum]

Good thing they found it in Israel.

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.

[SomeCallMeTim]

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.

[LetMarch]

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)

[FlyingEagle]

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.

[diverteach]

I’m still waiting to see the”flowing milk and honey”.

[diverteach]

I’m still waiting to see the”flowing milk and honey”.

[Tigen]

$95 billion ?/ OVER 16 trillion cubic feet,
That is a very conservative number in fact laughable...
Will this bring the Boar from the north?
Will this pay for a couple a dozen F22s well yea uh huh Will Israel own the oil reservses of the world too.
Yep I think so
Oh by the way what about our NG in Wyoming ;)

[SJackson]

Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.

..................

[SJackson]

Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.

..................

[Ernest_at_the_Beach]

Israel: Lebanon takes a closer look at Noble's Tamar-1 gas discovery

*****************************EXCERPT****************************************

22 Jan 2009

Lebanese officials have cautioned the Israeli government and operator Noble Energy not to encroach on Lebanese territory in the wake of a potentially large natural gas discovery made offshore Israel, according to local press reports. Lebanon said it was looking into whether Noble Energy's Tamar-1 gas discovery offshore Israel extended into Lebanese waters. Earlier this week, a Noble Energy-operated JV discovered gas with the Tamar-1 well, drilled on the Matan licence in the Levantine basin. Noble commented that early indications are that the resources identified are very substantial, at least equal to the pre-drill estimated gross mean resources of over three trillion cubic feet.

Lebanese authorities said it was not clear whether the basin fell only under Israel's waters. 'Noble Energy's find proves that the (Lebanese) shore is rich in gas and that there is a possibility that we have a common basin, between Lebanon and the Occupied Palestinian territories,' Mohammed Kabbani, who heads a parliamentary committee which overseas energy issues, told Reuters. 'If that basin extends to Lebanese waters, then we want to warn this company from infringing on our rights,' Kabbani said, adding the parliamentary committee had requested the government take action.

Energy Minister Alain Tabourian said Lebanon was in the process of registering with the United Nations the delineation of the country's exclusive economic zone waters to determine whether the gas find fell within it. 'Even if this basin is not common, there may be other common basins and we want to protect our rights,' Kabbani said.

However, Delek Drilling, one of Noble's partners in the gas discovery, denied the possibility that the discovery was within Lebanon's territorial waters. 'An examination made with the Petroleum Commissioner showed that these claims are not correct and the location of the licence where Tamar-1 is being drilled was studied carefully and it was found that the entire area of the licence was within territorial waters of the state of Israel,' it said in a statement.

The Tamar-1 well, located in approx. 5,500 feet of water, was drilled to a total depth of 16,076 feet to test a subsalt, lower-Miocene structure in the Levantine basin. Formation logs identified more than 460 feet of net pay in three high-quality reservoirs. The thickness and quality of the reservoirs encountered were greater than anticipated at the well location. Production testing at Tamar will be performed after the well is completed. Noble Energy and its partners may keep the rig to drill up to two additional wells in the basin. Pending positive test results, one well could be an appraisal at Tamar. In addition, the partners are considering drilling a second subsalt, lower Miocene prospect.

[Ernest_at_the_Beach]

Thread from WSJ:

Big Gas Find Sparks a Frenzy in Israel

And IRAN wants a piece of it.

[Ditto]

Not to slight this, but it is relatively small compared to the estimates of natural gas reserves in the Marcellus shales deposites in Pennsylvania, New York, Ohio and West Virginia.

State University of New York at Fredonia geology professor Gary Lash has calculated that more than 14,000 km3 (4.9×1014 cu ft) (490 TCF) of natural gas may be contained in the Marcellus black shale beds that lie between New York state and West Virginia.[119] At the present level of technology, he believes approximately 10% of this – 1,400 km3 (4.9×1013 cu ft) (49 TCF) – could be recovered.[119] This is enough to satisfy approximately two years' of total U.S. consumption,[117] or a total value of approximately one trillion United States dollars.[21]

Source: http://en.wikipedia.org/wiki/Marcellus_Shale#Fossil_fuel

As would be expected, the Eco-leftists are pulling out all the stops using their usual Junk Science, fear mongering and legal obstructionism tactics trying to block development.

[happygrl]

This will have implications for Europe, which has been held hostage by Russia’s Gasprom Natural Gas producer.

Europeans should also consider switching their vehicles to Natural gas, and getting off the Dhimmitude posture.

[Paved Paradise]

God said it was the Land of Milk and Honey!