Geoglobal Resources named operator of Sara, Myra licenses offshore Israel

Source: Bontan Corp.

Geoglobal Resources (India) Inc. has been appointed as operator for the two licenses offshore Israel, 347 Myra and 348 Sara. An application was submitted on May 20, 2010 to the Petroleum Commissioner to approve transfer and registration of the participation rights in the two licenses.

The Offshore Israel Project is comprised of two Licenses - Sara and Myra. These licenses cover approximately 310 square miles and are located in the Levantine Basin near the recent 6.3 TCF Tamar 1, Tamar 2, and the Dalit natural gas discoveries by Noble Energy Inc.

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