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Harel Insurance Investments and Financial Services Ltd (HARL.TA)

HARL.TA on Tel Aviv Stock Exchange

25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Noble Energy says sells 3 pct interest in Tamar Field for $369 mln
Tuesday, 5 Jul 2016 07:00am EDT 

Noble Energy Inc : Noble Energy sells three percent interest in Tamar Field, offshore Israel, for $369 million . Harel, IIF have option to elect, before closing, to purchase additional 1 percent working interest from Noble Energy at same valuation . Noble Energy and partners are planning to drill and complete an additional development well at Tamar Field . Drilling is anticipated to commence in Q4 of 2016 . No material change to company's overall 2016 capital program . Closing for transaction is anticipated in Q3 of 2016, with after-tax proceeds received expected to be about $275 million .Drilling at Tamar Field is anticipated to commence in Q4 of 2016.  Full Article

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