25 Jul 2017

Globes: Ratio reports potential for 100m barrels of North Sea oil

The Israeli energy exploration company has a 15% stake in one field and a 10% stake in the other.

Leviathan partner Ratio Oil Exploration (1992) LP (TASE:RATI.L) overseas exploration unit Ratio Petroleum (TASE: RTPT.L) announced this morning that a resources assessment report by independent energy consultants RPS Group found potential for 100 million barrels of oil in two fields in the North Sea. The Israeli company has a stake in the rights of both fields, which are in advanced stages of development and ready for drilling.

Read more here: http://www.globes.co.il/en/article-ratio-reports-potential-for-100m-barrels-of-north-sea-oil-1001198461