Israeli Companies See Potential for Major Offshore Gas Field

Updated on
  • Daniel licenses could hold as much as 9TCF of natural gas
  • Modiin shares surge almost 400 percent on consultant's report

Israeli oil and gas explorers Isramco Negev 2 LP and Modiin - LP said a consultant’s report on the Daniel licenses offshore Israel revealed potential for 8.9 trillion cubic feet of gas. Shares of both companies rose.

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