Ness Energy Close to Acquiring Dead Sea Properties
Ness Energy International is close to completing the acquisitions of two properties in the Southwest area of the Dead Sea in Israel. The acquisitions are expected to be a focal point of the company's current activities.
"It has always been our plan to build a significant oil and gas position in the Dead Sea area," said Mr. Stephens, CEO of Ness Energy. "It appears that we are in the final stages of negotiating the two acquisitions. I believe that these properties will enable us to aggressively begin production in Israel. The timing could not be better."