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Exploration expected to cost $100 million and start in Dec 2015.

https://www.rigzone.com/news/oil_gas/a/136370/Stakeholder_Israels_Offshore_Royee_Gas_Field_May_Hold_32_TCF

The new Royee prospect, as it is known, is not as large as the Tamar field found in 2009 and the Leviathan field identified in 2010. They hold reserves estimated at 11 and 22 trillion cubic feet of gas, respectively, and because of their size they led to a flurry of exploration in the region, known as the Levantine basin.

http://oilprice.com/Latest-Energy-News/World-News/New-Gas-Field-In-Levantine-Basin-Could-Hold-5-trillion-Cubic-Feet.html

1 posted on 12/18/2014 9:47:29 AM PST by thackney
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To: thackney
So much for the world running out of oil and gas.

I'm beginning to believe that the earth creates gas and oil, and we're not burning old dinosaurs

2 posted on 12/18/2014 9:55:37 AM PST by FatherofFive (Islam is evil and must be eradicated)
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To: thackney

Soon to be designated as a “Muslim Holy Site” by the UN and Obama???


3 posted on 12/18/2014 9:57:02 AM PST by airborne (My heroes don't wear capes - My heroes wear dog tags!)
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To: thackney

Good for Israel!


8 posted on 12/18/2014 10:14:40 AM PST by petercooper (Liberalism = Amnesty = Open Borders = Illegal Immigration = Ebola = Obama)
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To: thackney

More really bad news for Putin (and Russia)!


35 posted on 12/18/2014 12:20:58 PM PST by Jan_Sobieski (Sanctification)
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To: thackney

Great post, btw. Good too to hear from one who’s taken one or more actual courses in geology.

Thanks a lot.


37 posted on 12/18/2014 12:29:25 PM PST by onedoug
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To: thackney

More headaches for Putin.
He envisioned bending Europe over for Russian gas to heat em.
Now them damn Jews are about to ruin everything.


38 posted on 12/18/2014 12:57:30 PM PST by Joe Boucher (The F.B.I. Is a division of holders Justice Dept. (Nuff said))
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