Adira Energy Ltd. has been granted an extension date for the execution of a drilling contract of the first well on its
Yitzhak offshore licence from 31 December 2012 to 30 June 2013 by Israel’s Ministry of Energy and Water. “This extension allows Adira additional time in order to obtain the rig required to drill the well on Yitzhak, while currently focusing on the imminent drilling of Gabriella,” said Jeffrey E. Walter, CEO. Adira is based in Toronto and focuses on
the Eastern Mediterranean.
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