Yitzhak License
(31,689 Acres)
| Target: Oil | Mid Jurassic - Fractured Carbonates: 4,600m |
| Target: Gas | Cretaceous Talme Yafe carbonates and sands: 2,300m |
| Target: Condensate | Cretaceous Talme Yafe carbonates and sands: 2,300m |
| Exploration: | 129 Km 3D completed Jan 2011 by Adira (Western Geco), processing underway by CGG Veritas |
| Resource Report: | Completed September 2011 by Gustavson Associates |
| Prior Drilling: |
Delta-1 Well drilled (off structure) in 1970’s to 4,423m, TD in Upper Jurassic above where oil encountered in Mid Jurassic (Yam Yaffo1 and Yam 2) Bathonian (Zohar formation) tested for oil in Yam Yafo-1 (4,890m – 4,995m) and Yam-2 Well (5,315m) interesting & significant structural high |
| Drilling: | Shallow water 140 to 200 meters. Jack-Up or Floater |
| Operator: | Adira Energy |
| Working Interest: | 60% |
| Partners: | Brownstone Energy 15%, Ellomay Capital 20%, AGR 5% |
| Technical Highlights | |
| Best Estimate (P50) Prospective Oil | 79.1MMBO |
| Best Estimate (P50) Prospective Condensate | 25.6MMB |
| Best Estimate (P50) Prospective Gas | 1.0 TCF |
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