Delek Group (TASE: DLEKG, OTCQX: DGRLY) ("the Company") Further to that stated in Section 1.11.27(J) of the Company's Annual Report dated March 24, 2013, as amended on July 4, 2013 (Ref. No. 2013-01-083805), below is the immediate report as published by the subsidiary partnerships yesterday, Delek Drilling Limited Partnership and Avner Oil Exploration - Limited Partnership (together "the Partnerships") with regard to current negotiations between the partnerships and the other partners in the Leviathan project and Woodside Petroleum Ltd.;
"Further to that stated in Section 9.7.27(N) of the Partnerships shelf prospectus dated May 31, 2013, as amended on August 5, 2013, with regard to the ongoing negotiations between the Partnerships and the other partners in the Leviathan project and Woodside Petroleum Ltd. to sell rights in the Leviathan project that is located in the area of licenses Rachel/349 and Amit/350 and in reference to the media reports on this issue, the Partnerships are pleased to update that:-
The parties are negotiating continuously in order to sign a binding agreement for the sale of rights, inter alia, due to the Government's decision on the policy of the natural gas sector in Israel and due to the rejection of petitions to the Supreme Court in this regard, as stated in the Partnerships immediate reports dated June 25, 2013, and October 22, 2013.
It is emphasized that this is presently at negotiation stage only, and there is no certainty that a binding agreement for the sale of rights will be signed.
