Isramco Rises Most in Two Weeks on Gas Find at Shimshon 1 Site

Isramco Negev 2 LP (ISRAL) rose to the highest in two weeks after the oil and gas explorer and its partners in the Shimshon 1 site said they found “significant signs of natural gas” in exploratory drilling.

Shares of the Petah Tikva, Israel-based company advanced as much as 3.4 percent to 0.485 shekel, the highest intraday level since June 17 at 12:06 p.m. in Tel Aviv. The benchmark TA-25 index gained 2.4 percent.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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