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Latest News

Israel Opportunity Purchased 10 Oil Fields in North Dakota, USA, and is Beginning Development Works

The Partnership will complete two drillings this year, and two more .next year # The cash flow from oil sales is expected within next year. Eyal Shuker, CEO of Israel Opportunity: The partnership has a large cash pool that will allow immediate development of the fields

28/06/2017, 12:00 

Additional gas reserve off the coast of Israel: Ishai license declared gas discovery by the Petroleum Commissioner at the Ministry of Infrastructure

The ministry has thereby answered the question whether the Cypriot Aphrodite reserve is partly in Israel's economic zone, determining that the Aphrodite 2 drilling carried out in late 2012 in the Ishai license proved that the reserve is partly in the Israeli license and is an economic asset. Israel Opportunity chairman Rony Halman: "This declaration has strategic geo-political significance, far beyond its economic significance for the partners and for state revenue".

22/11/2015, 12:00 

A first: a Cypriot gas exploration company obtains part of a proven oil license in Israel

Cyprus Opportunity has obtained 5% of the Hatrurim License in the Dead Sea area of Israel, where Delek group has found oil in the past
Rony Halman, Chairman of Cyprus Opportunity: We are proud to be the first company to obtain oil exploration rights at a proven field – we are looking ahead to a fruitful collaboration and the strengthening of strategic relations in energy between Israel and Cyprus.

28/10/2015, 10:00 

Israel Opportunity continues to expand its portfolio: Increases its holdings in "Oz" license to more than 40%

According to a recently published resources report by NSAI, the oil and gas potential in "Oz" license is estimated at 2.5 trillion cubic feet of natural gas and about 255 million barrels of oil # Eyal Shuker, CEO of Israel Opportunity: The potential for oil and gas in the region is great and we are confident that the new government will not abandon the strategic development of the energy sector.

28/05/2015, 10:00 

Israel Opportunity and Benny Steinmetz raise Pelagic holdings

Israel Opportunity to increase its holdings to 16% of the licenses and Namaks to Increase its holdings to 60%

19/04/2015, 13:50 

Petroleum Commissioner extends Ishai license until 2016: negotiations between Israel and Cyprus are underway and will include the Ishai license

The Aphrodite 2 well drilled at the Ishai license in November 2012 demonstrated that the gas field discovered at Cyprus’s Block 12 extends to a license located in Israel’s exclusive economic zone. Rony Halman, the Chairman of Israel Opportunity Energy Resources: There is a strong probability of discovering more oil and gas fields in the Levant Basin, which is why cooperation between Israel and Cyprus will revive interest in our region and allow both countries to export the gas that has been and will be discovered in their territories, strengthening both countries politically and economically.

29/09/2014, 12:20 

Israel Opportunity Continues to Expand its Portfolio:
Submits Application for Hatrorim Land License in the Dead Sea Area, in an area where oil was previously discovered 

CEO of Israel Opportunity Eyal Shuker: this is an area that has been proven in the past to contain oil and for which extensive geological information of the area already exists# Among the partners in the application: Zerach, Ginko, Ashtrom and the founder of the Avner Partnership

19/08/2014, 12:20 

Potential for another Oil and Gas Reservoir off Israel's shores 

NSAI resource report published by Israel Opportunity reveals oil and gas potential in Oz license estimated at 2.5 trillion cubic feet of natural gas and another 255 million barrels of oil

27/04/2014, 09:00 

"Optimistic trends" in the Israeli economy 

Israel economy as not many know: Interesting facts and figuers...

23/10/2013, 22:45 

The Petroleum Council recommended to approve the request to change Pelagic's boundries

The Petroleum Council recommended to approve the request submitted by the Pelagic partners on September 1st to change the boundaries of the licenses Editya/371, Lela/372, Yahav/373 and Yoad/374, by redefining the boundaries of the licenses reflecting the geological structures in the area. According to the request, after changing the boundaries three of the four licenses will be returned to the government and Yoad/374 license will be extended in two years.

23/10/2013, 09:05 

The Petroleum Commissioner approves updated work program in "Oz" license
On May 22nd, 2013 the partnership received the approval of the Petroleum Commissioner in the Ministry of Energy and Water...

23/5/2013, 09:05 

The Petroleum Commissioner granted Israel Opportunity the 'Neta' and 'Royee' offshore licenses

The Petroleum Commissioner granted Israel Opportunity the 'Neta' and 'Royee' offshore licenses...

17/4/2013, 10:05 

Quantity of gas found in the Aphrodite 2 drilling is negligible

Eyal Shuker, Israel Opportunity's CEO: "Regardless of the results we are moving forward - The partnership fund contains $30 million that will help fulfill the risk management strategy while executing the potential of its assets portfolio"...

11/4/2013, 15:54 

Oil committee approved two licenses in 'Gal' Early permit territory

The committee approved the request of Ratio Oil Exploration (1992) Limited Partnership (70%),Edison (20%) and Israel Opportunity (10%) for two licenses...

03/02/2013, 10:05 

Signs of hydrocarbons discovered at the 'Aphrodite 2' exploratory well

The committee approved the request of Ratio Oil Exploration (1992) Limited Partnership (70%),Edison (20%) and Israel Opportunity (10%) for two licenses...
27/1/2013, 10:55 

Israel Opportunity signed with Ratio on a partnership agreement regardind "Gal" Permit area

According to the request handed to the Commissioner of Petroleum in the Ministry of Energy, Ratio will hold 70% of the "Neta" and "Roi" licenses...

02/12/2012, 08:00