Globes: Myra drilling believed close to target strata
Published on Aug 27 2012 // Business and Financial News, Market
27 August 12 13:58–Investors in Israel Land Development Company Energy Ltd. (TASE: IE) and Modiin Energy LP (TASE:MDIN.L) are waiting tensely for an announcement about the results of the Myra 1 exploratory well. Energy market sources informed ”Globes” today that the well’s final casing before the target strata will be assembled in the coming hours.
The sources said that the well’s partners, led by operator GeoGlobal Resources Inc. (AMEX: GGR), are on schedule, and that they plan to reach the target strata during the first week of September…Read More>>
