Rochwarger argues Genie geological evidence is strong even

Rochwarger argues Genie geological evidence is strong even

Genie Energy eyes options to revive Israel oil plans

Genie, backed canada goose coats by media mogul Rupert Murdoch, says it aims to secure energy independence for Israel, a country that has never had a serious oil find despite years of exploration.But Genie is battling a growing number of setbacks. Last week, canada goose factory sale the Supreme Court put on hold a separate plan to drill exploratory wells in the Israel controlled Golan Heights.Drilling in uk canada goose outlet the Ella valley outside Jerusalem is key for click over here black friday canada goose https://www.canadagoosejacketsalesca.co.uk Genie, however, and Geoffrey Rochwarger, head of Genie operations in Canada Goose Parka Israel, said on Monday that the company could appeal to the Supreme Court to overturn the ruling last month.were a bit surprised shocked Canada Goose online is probably a better word for it, Rochwarger, Canada Goose Outlet also vice chairman of Genie.Genie had Canada Goose Jackets been due to begin drilling in canada goose clearance the biblical valley where David is canada goose store said to canada goose uk black friday have fought Goliath. The area of its license alone contains 40 billion barrels of oil, the company estimates, more than what the world consumes in a year.The company spent over $20 million preparing for the pilot.But after years of lobbying from environmentalists and residents, a Jerusalem local committee last month stopped work on the project, citing historical interest and possible environmental impact. It also expressed concerns about scaling up to commercial production.now have buy canada goose jacket cheap to decide what do we want to do. What our next step?Rochwarger said Genie canada goose coats on sale technique causes minimal damage to the surroundings. A similar method, he said, will soon be used by Royal Dutch Shell in neighboring Jordan.Help in promoting the project, however, could also come from Mongolia, uk canada goose where Genie last month received permission to conduct a similar pilot even if Canada Goose Coats On Sale collecting data could take years.GOLAN DRILLING Genie Energy was spun off from telecoms group IDT Corp canada goose black friday sale in 2011. As well as Murdoch, it has attracted investment from financier buy canada goose jacket Jacob Rothschild. Together they own a 5.5 canada goose uk shop percent stake worth $11 million. Vice President Dick Cheney is on the advisory board.we doing, energy cheap canada goose uk independence canada goose for Israel, makes a lot of sense to them, Rochwarger said.Genie plans to drill 10 exploratory wells over three years in the Golan Heights, at a cost of canada goose clearance sale $25 $30 million.Rochwarger argues Genie geological evidence is strong even Canada Goose Online though not far away, Zion Oil and Gas Canada Goose sale and Givot Olam have been drilling for years and have yet to find commercially viable deposits.The plan has received government approval, but since Oct. 20 faces a two month, court imposed injunction after an environmental group petitioned for further discussion.delays affect not only the company, but also dozens of suppliers from the Golan and Israeli workers, canadian goose jacket Rochwarger said.Israel captured the Golan Heights from Syria in a 1967 war and annexed it in a move not recognized internationally.we can prove cheap Canada Goose the resource, we canada goose uk outlet believe that this becomes a project of national significance, and that the government will do what it can to protect its rights to this resource, he said. (Editing by Clara Ferreira Marques).

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