The following are additional details regarding drilling:
- Drill name: "Yam 3".
- Date of finding the oil marks: September 7, 2013.
- Initial depth (target roof): Approx. 5,175 meters above sea level.
- Net layer thickness: The thickness of the layer bearing oil marks (net) is about 68 meters.
- The type of tests (type of logs) conducted to establish the information regarding the existence of significant oil marks: the operator performed in-drill tests (MWD, chromatograph mud logging, logging while drilling) and upon reaching a depth of about 5,700 meters, electrical logs were performed (Open Hole Wireline Logging). The aforementioned tests include, among other things, the characteristics of the reservoir bedrock.
- Petroleum type: High quality oil.
- The findings that led the corporation to its satisfaction and accept the reliability of the marks: The operator informed the partners in the license that it had carried out various tests in the drilling as detailed above, the results of which indicate the possibility of the presence of oil in the said layer. These results and their analysis were provided to the partners in the license by the operator, and they were the ones who satisfied the license partners regarding the existence of significant oil marks in the drilling. In addition, the data received from the operator was examined by log decoders and a geologist with extensive experience in the field of oil and gas exploration hired by the partners in the license for the purpose of accompanying and consulting on the project.
- The drilling has reached its final depth.
Warning: It should be clarified that production tests have not yet been carried out in the drilling. The oil marks do not attest to the existence of a discovery, within the meaning of the PRMS rules, or a discovery, as defined under the Petroleum Law, 5712-1952.
Prior to the commencement of the actual production tests, a report will be submitted in accordance with Section 11 of the Eleventh Addendum to the Securities Regulations (Periodic and Immediate Reports), 5730-1970.