An oil reservoir has been discovered in the Golan Heights, Israeli energy company Afek officially revealed on Monday.
The company, which previously only hunted at the discovery, on Monday requested permission to drill additional wells in the area.
"Initial findings from the drilling confirm the discovery of an oil reservoir in the Golan and further justifies continuing the exploration program," said the request. "We need more time for this."
In recent months Afek, a subsidiary of American company Genie Energy, has been drilling for oil in the Golan Heights. Its request to search for oil in the area was controversial.
http://www.ynetnews.com/articles/0,7340,L-4699008,00.html
Who is on the board of Genie
-Michael Steinhardt (SAB Chairman)
Noted Wall Street investor and Principal Manager, Steinhardt Management LLC. Founder Steinhardt, Fine, Berkowitz & Co., and noted philanthropist.
-Marry Landrieu
United States Senator from Louisiana from 1996 to 2014. Senator Landrieu served as chair of the Senate Committee on Energy and Natural Resources. In her capacity as chair, she sponsored and passed the U.S.-Israel Energy Cooperation Bill. The bill fosters partnerships focused on developing resources such as natural gas and alternative fuels, on the academic, business and governmental levels.
-Rupert Murdoch
Founder and Executive Chairman of News Corporation, one of the world’s largest diversified media companies. News Corporation’s holdings include Fox Entertainment, Dow Jones and Company, the New York Post, HarperCollins and significant media assets on six continents.
-Bill Richardson
Governor of New Mexico from 2003 to 2011. Mr. Richardson has served asU.S. Ambassador to the United Nations (1997-1998), Energy Secretary in the Clinton administration (1998-2001), Chairman of the 2004 Democratic National Convention, and as Chairman of the Democratic Governors Association.
-Jacob Rothschild, OM, GBE
Chairman of the J. Rothschild group of companies and of RIT Capital Partners plc. Chairman of Five Arrows Limited. Lord Rothschold is a noted philanthropist and Chairman of the Rothschild Foundation.
-Dr. Lawrence Summers
Charles W. Eliot University Professor and President Emeritus at Harvard University. Dr. Summers served as the 71st Secretary of the Treasury under President Clinton and as Director of the National Economic Council for President Obama.
-R. James Woolsey
Director of Central Intelligence from 1993 to 1995 and as Under Secretary of the Navy from 1977 to 1979. Mr. Woolsey is co-founder of the United States Energy Security Council and is Chairman of the Foundation for Defense of Democracies.
http://genieoilgas.com/about-us/strategic-advisory-board/
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