SolarEdge's share price has picked up 36.7% since the results were published, and now stands at $88.17, putting its market cap at $4.23 billion, compared with $3.06 billion a week ago.
Delek controlling shareholder: Ithaca will produce and market 82,000 barrels of oil at $65 a barrel. This means that 50% of the amount is protected, regardless of the price of oil.
The deal involves an allocation of preferred stock against an investment of some $300 million.
Experts believe double the amount of gas already discovered remains to be found beneath Israeli waters but the Royee fiasco shows the incompetence of all concerned.