TASE issues Givot ultimatum

The exchange raises the pressure on the oil explorer to clarify the issues surrounding an engineering report.

The Tel Aviv Stock Exchange (TASE) seems to be losing patience with Givot Olam Oil Exploration LP (TASE:GIVO.L) management, and continues taking unprecedented steps against the partnership.

Yesterday evening, the TASE said that Givot's partnership units will be removed from its indexes by Sunday, if Givot does not clarify the issues about the engineering report it received on its Meged 5 well.

Givot partnership units are currently included on the Tel Aviv Midcap 50 Index, the Midcap TA Index, and the TA Composite Index.

Before being removed, the units will have a separate opening trading session on Sunday at 12 noon.

Published by Globes [online], Israel business news - www.globes-online.com - on September 21, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018