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Zerah Declines to Three-Year Low as Regulator Halts Drilling

Zerah Oil & Gas Explorations LP dropped to the lowest level since 2009 after the Ramat-Gan, Israel-based company said the regulator required it to halt drilling at two sites in the 321/Zerah license.

The shares retreated 2.9 percent to 0.033 shekel, the lowest level since March 2009, at the 4:30 p.m. close in Tel Aviv.

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