Ness Acquires Interest in Offshore Israeli Gas Field

Ness Energy International Inc. is in final negotiations for a 10% interest in an already discovered gas field located offshore in Israel. The field is designed to complement the company's existing exploration and development activities.

The field is currently being developed by a leading Israeli energy company. The company did not release further details of the transaction due to confidentiality restrictions. It is anticipated that the field will generate near-term revenues from past and future exploration and development activities.