Shemen Oil Surges to Two-Month High After Accord for Yam 3 Drill

Shemen rises 6.8% after co. July 23 said signed deal with Israel Defense Ministry to allow Yam 3 drilling. * Shr surges 51% since announcement * NOTE: Co. listed in Tel Aviv in Dec. 2011

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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