Isramco Names New CFO

Isramco Inc. has appointed Edy Francis to be Chief Financial Officer, effective September 3, 2007. Mr. Francis will work out of the Company's Houston office. The appointment was made to facilitate the Company's expanding oil and gas operations in the United States.

From December 2003 through August 2007, Mr. Francis was affiliated with the Tel Aviv based office of Brightman Almagor & Co., Certified Public Accountants and a member firm of Deloitte Touche Tohmatsu where his areas of practice included auditing publicly traded companies, auditing internal controls and preparing tax assessments. Prior to that, from May 2000 to June 2002, he was self-employed primarily in the import and distribution of household pet products.