📢 Forum Update - Hello everyone! I've made an improvement to the forum that should make following active discussions much easier. Beginning today, forum topics will display the most recent replies first (while keeping the original topic post at the top), so you no longer have to navigate through multiple pages to find the latest conversation. This change also helps improve the browsing experience in long-running discussions with many pages of replies. If you notice anything that doesn't seem to be working correctly or have any feedback, please let me know. — Richard G. Personally I also expect to see a massive earthquake in Syria and what oil is left ... it tips over on the Golan Heights side... :whistle: ———— 4 hrs ago ... from Amir Energean announces natural gas discovery off Israel’s coast The Greek energy company Energean Oil & Gas plc announced they discovered 28-42 billion cubic meters (BCM) of natural gas in Israel’s North Karish gas field in the Mediterranean Sea. The company oversaw the drilling in North Karish from March through last week and confirmed it had completed the initial phase of drilling a week ahead of time, announcing the discovery on Monday. Energean’s CEO Mathios Rigas released a statement, confirming and praising the discovery, stating “We are delighted to be announcing this significant new gas discovery at Karish North, which further demonstrates the attractiveness of our acreage offshore Israel. We are building the Energean Power FPSO with spare capacity, which will enable us to quickly, safely and economically develop both Karish North and future discoveries. We have already signed a contingent contract to sell 5.5 BCM (0.2 Tcf) of this new resource, and our strategy is now to secure the off-take for remaining volumes. We continue to see strong demand for our gas, which we believe will be supported by today’s announcement.” Rigas also took to Twitter to highlight the opportunity the new gas discovery creates, stating, “The first gas discovery in Israel after a long time. Most importantly a discovery that can be commercialized very fast and not remain a “stranded gas field”. Energean is now a producer, developer and successful explorer in the Mediterranean.” The company has a contingent contract with Israel’s I.P.M. Beer Tuvia energy company for gas exports to sell a reported 5.5 BCM’s. Energean operates in Israel, Greece and the Adriatic and is listed under both the London and Tel Aviv stock exchanges. The new gas discovery is in addition to 45 BCM of natural gas already found near the site. It also is close to Energean’s floating production storage and offloading site, giving a reported capability of exporting 8 billion cubic meters per year. Israel’s Tamar field boasts 281 BCM in natural gas, with another 605 BCM at the Leviathan gas field. Prime Minister Netanyahu last met with Israel’s gas pipeline partners from Greece and Cyprus with US Secretary of State Mike Pompeo in Jerusalem last month. During that meeting, Israel finalized an agreement with Greece, Italy and Cyprus to move forward with construction of the East Med pipeline. The pipeline is set to be the world’s longest, around 2,000 kilometers. The deal is worth over $7 billion and has been under negotiations as part of the trilateral meetings between Israel, Greece and Cyprus. A tripartite committee was formed with continued agreements and joint projects in tourism, education, search and rescue, the pipeline and much more. The pipeline is expected to be completed by 2024. The creation of the gas pipeline will not only benefit Israel’s economy and diplomatic and trade relations with European states, but has also placed Israel as a significant player as the world’s largest natural gas exporter. It has also allowed Israel to become the region’s main player in natural energy, with deals in negotiations with Egypt and Jordan. -Fair use for information and discussion purposes - Firmly planted indeed. As if the natural spiritual hatred for the Jews wasn't enough to entice war against Israel, now there's huge monitary incentives as well. TR A fun fact about the Delek oil company, it’s owner is Yitzhak Tshuva (Hebrew: born July 7, 1948) an Israeli billionaire businessman. He is the chairman of El-Ad Group, which owned the New York Plaza Hotel. He also owns the Israeli conglomerate Delek Group. In 2014, he was listed by Forbes as the seventh wealthiest Israeli. Yossi Abu, CEO of Delek Drilling, said: "The closing of the EMG transaction marks the dawn of a new era for the Israeli energy market ?- Israel's transition to the status of a regional natural gas exporter." Spglobal.com I would say the hook is firmly planted deep in the jaw... :popcorn :popcorn fair use... So I saw this today - it is an update on that North Karish oil field discovery... apparently it is even bigger than they first estimated! It is truly amazing to see how God blesses the nation of Israel. I agree with Amir... now that Israel is using the pipeline and sales are underway to Europe, I think (and am hoping I am right) the G/M war is just around the corner. All three of the major players are in economic straits and they are all oil or natural gas sellers... who is slowly stealing their market: Israel! Energean Oil and Gas plc, a Greek gas producer focused on the Mediterranean, said Monday that its appraisal of the Karish North discovery offshore Israel has revealed 0.9 trillion cubic feet (tcf) of recoverable natural gas resources plus 34 million barrels of light oil or condensate. The appraisal “significantly” increases the resource volumes discovered by Energean at the Karish and Tanin leases off Israel’s shore, the statement said. The firm had already discovered 2.4 tcf of natural gas at the Karish and Tanin fields, along with 33 million barrels of light oil. Energean has already signed accords to sell 4.7 billion cubic meters a year of the fuel to Israeli customers. Light crude oil is a liquid petroleum that has a low density and low viscosity than heavy crude oil. Natural gas condensate is a mixture of hydrocarbon liquids that are present in the raw natural gas produced at gas fields. Israel, a nation traditionally starved of natural resources, believes the discovery of natural gas reserved off its shores in the Mediterranean will lead it to energy independence and make it an exporter of gas. The Karish and Tanin natural gas fields sit alongside the larger Tamar and Leviathan deposits in Israel’s economic waters in the Mediterranean. In December 2016, Israel gave the go-ahead for the sale of the Karish and Tanin fields to Energean in an effort to increase competition in the domestic market. The output from the Karish and Tanin fields is earmarked for the domestic market. “This is an excellent result from the Karish North appraisal sidetrack, confirming in place volumes in the top half of pre-drill estimates and increasing our recoverable volumes in Israel by 0.9 Tcf (25 BCM) of gas plus 34 million barrels of light oil or condensate,” said Mathios Rigas, chief executive of Energean in the filing. Energean shares were up almost 2% on Monday at 2:44 p.m. in Tel Aviv. Great update from Amir ... covering everything that’s been going on in The Middle East. :good: This is an historic week for Israel because they are now pumping gas out of the Mediterranean not only for their own energy needs but also supplying to Egypt, Jordan and soon will be supplying to various parts of Europe including Germany. Cyprus is also involved in supplying the fuel as well. Meanwhile Trump secured the gas/oil fields in Syria sooo Turkey and Russia can’t touch it ... :mdrmdr: Amir believes G/M war is very very soon. Soon very soon :flyup: :flyup: :flyup: :flyup: :flyup: :flyup: Note: The gas/oil update is at the 25:25 marker point. - Fair Use-
Another natural gas discovery off Israel’s shores announced by Energean who has a contingent contract for sale of 5.5 BCM’s; CEO of Energean: Discovery further demonstrates the attractiveness of our acreage offshore Israel.
I find it interesting that he was born in 1948, he is 71 as of July.
