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ADIRA ENERGY LTD V.ADL

Energy Oil & Gas E&P
"Adira Energy Ltd is engaged in the energy sector. It is an oil and gas exploration company focused on early-stage exploration. The company has an option to hold interests in approximately two licenses, such as the Myra License and the Sara License. The Company does not have any oil and gas reserves and does not produce any oil or gas. The Company held interests in approximately two Israeli offshore petroleum licenses, including the Gabriella License No. 378 and the Yitzhak License No. 380."


TSXV:ADL - Post by User

ADIRA ENERGY LTD
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Post by RainRyderon Dec 28, 2012 10:37am
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Post# 20777139

Adira pushes Yitzhak drilling to June

Adira pushes Yitzhak drilling to June

 

2012-12-27 11:01 ET - News Release

 

Mr. Alan Friedman reports

ADIRA ENERGY GRANTED EXTENSION OF DRILL CONTRACT ON ITS YITZHAK LICENSE, OFFSHORE ISRAEL

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The Ministry of Energy and Water of the State of Israel has granted Adira Energy Ltd. an extension of the date for the execution of a drilling contract of the first well on the Yitzhak offshore licence from Dec. 31, 2012, to June 30, 2013.

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Jeffrey E. Walter, chief executive officer of Adira Energy, stated, "This extension allows Adira additional time in order to obtain the rig required to drill the well on Yitzhak while currently focusing on the imminent drilling of Gabriella."

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