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After two dry wells, big new gas find in Alon license energizes the industry
Nov 12th 2012, 06:40

After the failures of the Myra and Sara wells over the last two months, the Israeli energy sector received a big boost yesterday with news of a large natural gas discovery in the Alon C license area. The discovery at the Carish (Shark ) prospect could yield a pinch over two trillion cubic feet of natural gas, according to Texas-based energy consulting firm Netherland, Sewell & Associates. The find was announced yesterday by the Alon partners, which are led by Texas-based Noble Energy and Yithak Tshuva's Delek Group, which controls stakes in the partnership through Avner Oil & Gas and Delek Drilling. To give a perspective on the size of the new find, the giant Levithan field holds about 17...

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