Ness Energy pursues additional Israel acquisitions
Ness Energy International is in the process of pursuing additional acquisitions to develop its oil and gas interests in Israel. The company is in late-stage discussions to acquire an interest in an offset gas well in the Mediterranean, which is expected to be drilled shortly.
The company also is negotiating on the acquisition of a limited partnership company, and on other oil and gas acquisitions. It believes that one of these acquisitions could lead to a listing on the Israeli Stock Exchange. The current business of the company is focused upon development and execution of oil and gas exploration plans. — (menareport.com)
© 2003 Mena Report (www.menareport.com)