Posted on 02/11/2009 10:06:08 AM PST by TaraP
(IsraelNN.com) A massive natural gas find off the coast of Haifa which was lauded as capable of fueling all of Israel for 15 years is actually more than 60 percent larger than originally estimated, according to the American partner in the drill, Noble Energy Inc.
Israeli companies Isramco Negev 2, Delek Drilling, Avner Oil Exploration, and Dor Gas Exploration had the majority of the stake on the dig – named Tamar-1 – which is estimated at a potential of 5 trillion cubic feet of natural gas. That estimate is up from January, at which time the partners believed the well contained 3 million cubic feet of gas.
The team will keep their drilling rig in the area for two more wells they believe may be present as well.
The implications of this discovery to Israel cannot be overstated," said Noble Energy Chief Executive Officer Charles Davidson, in a statement issued after following the revision of the estimate.
Isramco shares, which have skyrocketed 736 percent since the start of the year, were 7.2 percent higher on Wednesday morning compared with declines of over 2 percent in the broader market.
Delek Drilling is up 6.4 percent as of Wednesday morning, with Avner up 4.8 percent. Conglomerate Delek Group (DELKG.TA), the parent of Delek Drilling and Avner, is up 5.9 percent.
ping
Paging joel rosenberg
sO THE INCREASE
would = how many years fueling Israel?
Excellent.
Let Asher be blessed ... and let him dip his foot in oil.” – Deuteronomy 33:24
“Joseph is a fruitful bough by a well ... blessings of heaven above, blessings of the deep that couches beneath shall be on the head of Joseph, and on the crown of the head.” – Genesis 49: 22-26
Deuteronomy 33: “For the deep that couches beneath ... and for the chief things of the ancient mountains, and for the precious things of primordial hills, and for the precious things of the earth.”
The Twelve Tribes were each given a section of Israel as inheritance....
Now, if Israel can tap this new natural gas deposit, it will be doing better than we can off our shores.
So, this is another reason for the arabs to want Jerusalem!
How many more excuses will they give now? Go Israel!
All of them.
About 25 years.
Dang .... this is something right out of the Bible.
It sure is..I just listened to Pastor David Jeremiah speak on this..Great Series his doing on *What in the World is Going On*
Biblical Prophecy is alive and well!
Ping...
thanks for posting...
AMEN! AMEN! AMEN!
* ping a ling* sweet knees!
Plenty to get her into the Millenial Reign of Christ
. . . particularly at the rate OThuga is going to rush us into the satanic global government.
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