Dead Sea Oil Company Seeks Funding

Haaretz:

Ginko Oil Exploration, the general partner in the Zerah exploration partnership, is planning to float shares on the Tel Aviv Stock Exchange. The company will be filing its draft prospectus with the Israel Securities Authority next week. It hopes to raise somewhere between NIS 40 million and NIS 50 million, which it would invest in exploring for fossil fuels. It has yet to choose an underwriter. Unlike the other gas exploration bodies, which are limited partnerships (that are eligible for certain tax breaks), Ginko is a regular company. (Lior Zeno)