Bethel Finance news:
Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), which owns 28.75% of the Tamar natural gas field, reports progress in talks on signing a financial agreement for developing the field. The company said that the agreement for a $350 million bridge loan and an agreement for an additional $400 million loan were almost finalized and would be signed within days.
Isramco is in the process of replacing its CEO, with Avi Gefen taking over from Yossi Levy, who announced his resignation a few months ago.
Leader Capital Markets believes that the Tamar partners - Noble Energy Inc. (NYSE: NBL), Delek Group Ltd. (TASE: DLEKG), Isramco, and Alon Natural Gas Exploration Ltd. (TASE: ALGS) - are close to signing long-term gas supply contracts worth $22-25 billion with Israel Electric Corporation (IEC) (TASE: ELEC.B22).
Isramco's partnership units' price rose 0.9% in morning trading to NIS 0.445, giving a market cap of NIS 5 billion.
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