Avner Oil - Annual Report 2011 - Delek Energy Systems

The following are the planned activities for each of the Ratio Yam licenses:Period2012 up toJune 14, 2013Rachel licenseDescription of the updated work plandefined for the period• Continuation of the Leviathan 1 drillingto the deepest targets as submitted bythe operator. The operator willdetermine the final depth according toengineering and safety limitations.• The summary report of the drillingfindings will be submitted no later thanthree months after completion and thesummary report of the operations in theRatio Yam licenses will be submitted byJune 14, 2013.Estimated work planbudget (USDthousands) (dividedinto the main items)The Partnership'seffective share of thetotal budget(USD thousands)(divided into the mainitems)45,000 11,408Period2012 up toJune 14, 2013Amit licenseDescription of the updated work plandefined for the period• Continuation of the Leviathan 3 drillingto the targets defined in the prospectsby the operator• Abandonment of the Leviathan 2 drillingaccording to the plan submitted by theoperator• The summary report of the drillingfindings will be submitted no later thanthree months after completion and thesummary report of the operations in thelicense will be submitted by June 14,2013.Estimated work planbudget (USDthousands) (dividedinto the main items)For furtherinformation, seefootnote 94 below.The Partnership'seffective share of thetotal budget(USD thousands)(divided into the mainitems)For further information,see footnote 94 below.Hannah licensePeriodDescription of the updated work plandefined for the periodEstimated work planbudget (USDthousands) (dividedinto the main items)The Partnership'seffective share of thetotal budget(USD thousands)(divided into the mainitems)2012 up toJune 14, 2013• Continuation of the Dolphin 3 drilling tothe targets defined in the prospects bythe operator• The summary report of the drillingfindings will be submitted no later thanthree months after completion and thesummary report of the operations in thelicense will be submitted by June 14,2013.- -A-75