Financial Levers Unit Approves Drilling at ‘Yam 3’ Site

Financial Levers Ltd. (LVR) said a 23 percent-owned unit has decided to drill “Yam 3” at the Shemen/387 license. A budget was set at $85 million and that drilling may begin in the third or fourth quarter of 2012, according to a statement filed today with the Tel Aviv Stock Exchange.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

To contact the editor responsible for this story: Susan Lerner at

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.