Avner Oil - Annual Report 2011 - Delek Energy Systems

Dalit leaseGeneral information about the oil assetName of oil asset I/13 Dalit 45LocationAreaType of oil asset and description of permittedoperations according to that typeOffshore asset about 50 kilometers west of HaifaApproximately 250 sq. mLeaseOperations permitted under the Petroleum Law -exploration and productionOriginal 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 oilasset-Current expiry date of the oil asset December 1, 2038Note whether there is an additional option ofextending the period of the oil asset: if there issuch an option, note the period of the possibleextensionNote 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 partnersSubject to the Petroleum Law for an additional 20yearsNoble(1) ("Noble") (36%) 46(2) Isramco (28.75%) 47(3) The Partnership (15.625%)(4) Delek Drilling (15.625%) 48(5) Dor (4%) 49Dalit leaseGeneral information about the Partnership's share in the oil assetAcquisition date of the lease for the acquired oilassetDescription 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 Partnershipin the cumulative investment in the oil asset inthe five years preceding the last day of thereporting year (whether recognized as anexpense or as an asset in the financialstatements)50The Partnership owns directly 15.625% of the lease.12.94%USD 8,971 thousand454647484950The Dalit gas reservoir was discovered in 2009 in the area covered by the Dalit lease.For further information about Noble, see section ‎7.3.1 above.For further information about Isramco, see general information about the Tamar lease.For further information about Delek Drilling, see section ‎7.3.1 above.For further information about Dor, see general information about the Tamar lease.The lease was granted to the Partnership on December 2, 2009 following the Dalit natural gas discovery in 2009 inthe area covered by the 308/Michal license.A-42