Globe Exploration owns three onshore licenses - Ofek, Bar-Or, and Yahel.
Oil and gas exploration partnership Globe Exploration LP is holding its IPO on the Tel Aviv Stock Exchange (TASE) today. The partnership hopes to raise NIS 30 million.
Globe Exploration owns three onshore licenses - Ofek, Bar-Or, and Yahel - which were transferred to it by its partners. The Ofek license covers a 393-square kilometer site in coastal plain, the Bar-Or license covers a 266-square kilometer area in the western Galilee, and the Yahel license covers a 295-square kilometer area near Shfaram in the Lower Galilee.
Globe Exploration estimates the exploration cost of its three licenses at $32 million.
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2010
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