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New "Israeli" Shock: Another Field Empty of Gas, Oil

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folder_openRegional News access_time12 years ago
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Local Editor

A new Zionist disappointment was revealed during the week end: The recent drilling operations, which took place in the "Sarah" oil field i.e. 70 kilometers away from al-Khadra area North of Occupied Palestine, is free of oil and gas.

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The new "Israeli" failure is to be added to recent investors' failures in exploring and extracting oil and gas in Mira field. According to "Israeli" sources, Mira proved to be empty of gas.
Moreover, the sources estimated the amount of exploration companies' direct losses due to vacuum of gas fields and exploration costs by $ 140 million: $ 80 million for Mira field, and $ 60 million for Sarah field.

In remarks to the Globes "Israeli" economic paper, sources stated that "the new failure is too harsh on the exploration companies, and on the "Israeli" economy as a whole."
"The shares of companies in the "Israeli" Stock Exchange crumbled as a result of the recent announcement that Sarah is dry," the "Israeli" sources said.

Source:"Israeli" Hebrew media, Translated and Edited by moqawama.org

 

 

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