Modiin Energy

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Overview

About:

Modiin Energy currently holds a diversified portfolio of 5 offshore licenses for shallow and deepwater, for oil and natural gas targets. Furthermore, the Partnership has agreements and options to acquire additional rights in other licenses. With its acquired oil rights, the Partnership is afforded potential opportunity in Israel's economic waters while diversifying their goals and spreading the risk. The Partnership is listed on the Tel-Aviv Stock Exchange (Ticker: MDIN.L), with over 84% of the Participating Units being held by the public and the remainder by interested parties. The Limited Partnership is managed byModiin Energy Management (1992) Ltd. ("The General Partner"), a privately owned company by IDB Development Corporation Ltd. (36.75%), Mr. Yitzhak Sultan (36.75%) and other interested parties.

Sector: Oil & Energy

Website: http://www.modiin-energy.com/

Year Established: 1992