Bloomberg News

Zerah Declines to Three-Year Low as Regulator Halts Drilling

July 09, 2012

Zerah Oil & Gas Explorations LP (ZRAHL) dropped to the lowest level since 2009 after the Ramat-Gan, Israel-based company said the regulator required it to halt drilling at two sites in the 321/Zerah license.

The shares retreated 2.9 percent to 0.033 shekel, the lowest level since June 2009, at 11:07 a.m. in Tel Aviv.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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