Thursday, July 22, 2010

(NEWS) Commercially Sized Oil Field Found In Central Israel

"An Israeli oil prospecting and production firm announced it has struck a commercial amount of the black substance in central Israel, Army Radio reported on Wednesday.

Givot Olam Oil Ltd notified the Tel Aviv Stock Exchange of the find in its 'Megev Five' drill near the town of Rosh Ha’ayin, saying it can produce 470 barrels of oil a day."

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