Bloomberg News

Ratio Jumps Most in Two Weeks on Tanin Resources Location Update

July 10, 2012

Ratio Oil Exploration 1992 LP (RATIL) jumped the most in more than two weeks after the Tel Aviv, Israel-based company said a report found some of the resources of the Tanin field are in the Amit/350 license in which it has a stake.

The shares rose 3.6 percent, the most since June 25, to 0.259 shekel at 2:29 p.m. in Tel Aviv.

Avner Oil Exploration LLP (AVNRL) and Delek Drilling-LP (DEDRL), partners in the Tanin field, said consultants Netherland, Sewell and Associates, Inc. provided an update amending the location of resources.

-- Editors: Robert Lakin, Claudia Maedler

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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