Avner Oil - Annual Report 2011 - Delek Energy Systems

CEO's declaration based on Regulation No. 9B(d)1:Directors’ declarationCEO's declarationI, Gideon Tadmor, CEO of the General Partner, declare as follows: This declaration is based on the wordingset out in the ninth amendment of the periodic and immediate report regulations.(1) I have reviewed the periodic report of Avner Oil Exploration – Limited Partnership ("the Partnership")for 2011 ("the Reports"),(1) In my opinion, the reports do not contain any misrepresentation of any material fact and do not lackany material fact necessary so that the representations included therein, as a result of thecircumstances under which they are included, are not misleading with regard to the report period.(2) In my opinion, the financial reports and other financial information included therein properly reflect,from all material aspects, the Partnership's financial condition, operating results and cash flows for thedates and periods to which the Reports relate.(3) Based on my latest evaluation concerning the internal auditing of financial reporting and disclosure, Irevealed the following to the Partnership's auditor, and to the Board of Directors and FinancialStatement Committee of the Partnership’s General Partner:(A)(B)Any significant flaws and material weaknesses in determining or implementing the internalauditing of financial reports and disclosure which could reasonably have an adverse effect onthe Partnership's capacity to gather, process, summarize or report financial information in amanner that would cast doubt on the credibility of the financial reporting and preparation of thefinancial reports in accordance with the provisions of the law; as well asAny fraud, whether material or not, which the CEO, anyone directly subordinate to him or otheremployees playing a material role in the internal auditing of financial reporting and disclosureare involved in;(4) I alone or together with others in the Partnership's General Partner:(A)(B)(C)Stipulated controls and procedures intended to ensure that material information relating to thePartnership is brought to my attention by others at the General Partner in the Partnership,especially during the report preparation period, or ensured that they were stipulated andcomplied with under my supervision; andI also stipulated controls and procedures intended to reasonably ensure the credibility of thefinancial reporting and preparation of the financial statements under the provisions of the law,including in accordance with generally accepted accounting rules, or ensured that they werestipulated and complied with under my supervision.I evaluated the effectiveness of the internal auditing on the financial reporting and disclosureand presented the conclusions of the Board of Directors and management of the Partnership’sGeneral Partner as of the reporting date in this report.The above does not derogate from my legal liability or that of any other person..March 28, 2012Gideon TadmorCEO*E-3