Avner Oil - Annual Report 2011 - Delek Energy Systems

7.4 Tamar project7.4.1 GeneralTamar leaseGeneral information about the oil assetName of oil asset I/12 Tamar 40LocationAreaType of oil asset and description of permittedoperations according to that typeOffshore asset about 90 kilometers west of HaifaApproximately 250 sq. mOriginal grant date of the oil asset December 2, 2009Original expiry date of the oil asset December 1, 2038Decision date for extension of the term of the oilassetCurrent expiry date of the oil asset December 1, 2038Note whether there is an additional option ofextending the period of the oil asset: if there is suchan option, note the period of the possible extensionNote name of operatorNames of the direct partners in the oil asset andtheir direct share in the oil asset and, to the bestof the Partnership's knowledge, the names of thecontrolling shareholders in the partnersLeaseOperations permitted under the Petroleum Law -exploration and production-Subject to the Petroleum Law for an additional 20yearsNoble(1) ("Noble") (36%)41(2) Isramco Negev 2 Limited Partnership ("Isramco")(28.75%) To the best of the Partnership'sknowledge, the general partner in Isramco,Isramco Oil and Gas Ltd., is a private companythat is directly controlled by Haim Tsuff 42.(3) The Partnership (15.625%)(4) Delek Drilling (15.625%) 43(5) Dor Gas Exploration Limited Partnership ("Dor")(4%) To the best of the Partnership's knowledge,the general partner in Dor, Alon Gas ExplorationManagement Ltd. is a private company controlledby Alon Israel Oil Company Ltd. Alon Israel OilCompany Ltd. is controlled by Bielsol Investments(1987) Ltd. (50.38%), a private company.Tamar leaseGeneral information about the Partnership's share in the oil assetAcquisition date of the lease for the acquired oil asset - 44Description of the Partnership's holding in the oilassetEffective share of oil asset revenues attributableto equity holders of the Partnership:Total share of equity holders of the Partnership inthe cumulative investment in the oil asset in thefive years preceding the last day of the reportingyear (whether recognized as an expense or as anasset in the financial statements)The Partnership owns directly 15.625% of the lease.12.94%USD 274,829 thousand4041424344The Tamar gas reservoir was discovered in the area covered by the Tamar lease in 2009.For further information about Noble, see section ‎7.3.1 above.As of February 29, 2012, the entities controlled by Haim Tsuff hold 32.25% of the participation units issued byIsramco Management (1988) Ltd. (the limited partner in Isramco). Moreover, Haim Tsuff has a direct holding of0.43% of the participation units issued by the limited partner in Isramco.For further information about Delek Drilling, see section ‎7.3.1 above.The lease was granted to the Partnership on December 2, 2009 following the Tamar natural gas discovery in 2009 inthe area covered by the 309/Matan license.A-41