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Last 36.70
Change Today -1.00 / -2.65%
Volume 12.0M
RATIL On Other Exchanges
Tel Aviv
As of 5:24 AM 05/7/15 All times are local (Market data is delayed by at least 15 minutes).

ratio oil exploration (RATIL) Snapshot

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Day High
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52 Week High
05/12/14 - $53.70
52 Week Low
12/23/14 - $28.20
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ratio oil exploration (RATIL) Details

Ratio Oil Exploration (1992) Limited Partnership is engaged in the exploration and production of oil and gas in Israel. Its properties include Rachel/349, Amit/350, Hanna/351, Gal/202, Neta/398, and Royee/399 licenses located in the Mediterranean Sea. The company was founded in 1993 and is headquartered in Tel Aviv, Israel.

Founded in 1993

ratio oil exploration (RATIL) Top Compensated Officers

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Executives, Board Directors

ratio oil exploration (RATIL) Key Developments

Palestine Power Generation Cancels $1.2 Billion Leviathan Gas Deal

Palestine Power Generation Co. (PPGC) has cancelled the 20-year deal due to delays caused by the Israel Antitrust Authority. In January 2014, PPGC signed an agreement to buy 4.75 billion cubic meters of gas over 20 years. The Leviathan partners (Avner Oil and Gas LP, Delek Drilling Limited Partnership and Ratio Oil Exploration (1992) LP) explicitly stated that the cancellation of the contract was because the Israel Antitrust Authority had failed to grant approvals, delays in approvals for the development of the Leviathan field, and lack of other regulatory approvals.

Ratio Oil Exploration (1992) Limited Partnership, Special/Extraordinary Shareholders Meeting, Nov 20, 2014

Ratio Oil Exploration (1992) Limited Partnership, Special/Extraordinary Shareholders Meeting, Nov 20, 2014., at 12:00 Israel Standard Time.

Ratio Oil Exploration (1992) Limited Partnership Announces Joseph (Yossi) Langotsky Withdrawn Lawsuit

Geologist Joseph (Yossi) Langotsky has withdrawn his lawsuit against Ratio Oil Exploration (1992) LP, which holds 15% of the Leviathan gas exploration license. Langotsky had claimed that he was responsible for the Leviathan natural gas field discovery and was entitled to recompense for it. He has now admitted to the court that he has no basis for a claim against Ratio. The court has accepted Langotsky's request to withdraw his suit, and has determined that he should pay the state's costs of ILS 30,000. No agreement has been reached however on the costs Langotsky should pay to Ratio and to Ligad Rotlevy and Eitan Eisenberg, the other defendants in the affair, and he remains exposed to costs amounting to ILS 3 million. The lawsuit was filed in the Central District Court four years ago by Langotsky, Tamar Oil Exploration Ltd., and LYA Explorations Ltd. They alleged that in 2004 they gave Ratio's geologist Eitan Eisenberg business information that led to the realization that, among other things, there was a good chance of finding oil and gas in commercial quantities in the deep water off the northern coast of Israel. The plaintiffs claimed that the information was provided to the defendants under a confidentiality agreement, but that the defendants had breached the terms of the agreement and applied for an early permit with priority rights for the Ratio Yam licenses in the Gal B area. Ratio rejected the claims out of hand, and this week, before final summings up in the hearing, Langotsky told the court that he had reached the conclusion that he had no case against the defendants, and that he therefore sought to have his claim dismissed. The sides have been requested to prepare tables of their costs for the judge to decide how much to award the defendants.


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