Adira Energy Applies for Extension of Drill Contract and Spud Dates on its Samuel License, Offshore Israel
TSX.V: ADL
TORONTO, April 5, 2013 /CNW/ - ADIRA ENERGY LTD. (TSXV: ADL) (OTCBB: ADENF) (FRANKFURT: AORLB8). Adira Energy Ltd. ("Adira" or the "Company") announces today that on March 27, 2013, it applied to the Ministry of
Energy and Water of the State of Israel for an extension of the dates
for the execution of a drilling contract and for the spud of the first
well on the Samuel license, offshore Israel, indicated below:
|
|
Current Milestones
|
Requested Extension
|
|
Contract Date
|
March 31, 2013
|
March 31, 2014
|
|
Spud Date
|
April 30, 2013
|
September 30, 2014
|
About Adira Energy Ltd.
Adira Energy Ltd. is an oil and gas company which is focused in the
Eastern Mediterranean. The Company has three petroleum exploration
licenses offshore Israel; the Gabriella, Yitzhak and Samuel Licenses.
These licenses are located respectively 10 km offshore between Netanya
and Ashdod, 17 km offshore between Hadera and Netanya and adjacent to
the coast between Ashkelon and Bat-Yam. The Company also has an option
on the Yam Hadera License, offshore Israel, which is located 30
kilometers offshore Israel, between Hadera and Haifa and North West of
Adira's Yitzhak license.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Adira Energy Ltd.
Canada
Alan Friedman
Exec. Vice President
contact@adiraenergy.com
+1 416 250 1955
Israel
Irit Radia
Corp. Dev. Arad Communications
iritr@euroisrael.co.il
+972-3-7693333 or +972-54-6699311
Julia Maxwell
Manager, Investor Relations
jmaxwell@adiraenergy.com
+1 416 361 2211