From Delek's June 2016 Corporate PresentationDelek is buying the company folks. First off, Delek has been divesitng it's interests in a number of non-core assets and are attempting to become a pure play exploration and development company (from the Corp Pres).
As well, directly from the corp pres - a section on their global aspirations, to wit (my bolding):
Moving into International E&P Market
Objective is to establish a further leg for the Group's operations,
With emphasis on:
Operating Capabilities, Operator with capabilities for exploration, development and production of oil and gas, particularly offshore Geographical Diversification Portfolio of oil and gas assets abroad.
Long Term Strategy
Synergistic Acquisition Geographical Diversification
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Continued advancement of our focus on energy, while utilizing our outstanding financial capabilities
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Leveraging our leading presence in Israel’s upstream industry into the
international arena
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Synergistic acquisitions in the international energy sector with E&P
operational capabilities
Major Strategic Process Started in the North Sea
Oct. 2015 - Delek Group Acquired 20% of Ithaca Energy
Delek Group is the largest shareholder; entitled to 2 board seats