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)
