Israel Land Energy Unit to Sell Sara, Myra Rights to Modiin

Israel Land Development Co. Energy Ltd. said a unit agreed to sell 7.6 percent of the rights to the Sara/348 and Myra/347 licenses to Modiin-LP for $30.5 million, according to a statement filed today with the Tel Aviv Stock Exchange.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

To contact the editor responsible for this story: Susan Lerner at slerner2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.