Canada’s Bontan moves into Israel

November 25, 2009 by  

TORONTO, Nov. 24 (UPI) — Canada-based Bontan Corp. Inc. announced the indirect acquisition of exploration and drilling licenses in the Levantine Basin off the coast of Israel.

Bontan said the two drilling licenses and one exploration permit cover a total area of more than 1,000 square miles in the Israeli waters of the Mediterranean Sea.

The Israeli Petroleum Co. holds the 75 percent equity interest in the project area for Bontan.

Wells associated with the Levantine Basin hold an estimated 6.8 trillion cubic feet of probably gas reserves, which Bontan said is the second largest discovery in the world made in nearly two years.

“With the 6.8 trillion cubic feet discoveries north of the project assets, the possibility of significant hydrocarbon deposits on our project area exists,” said Kam Shah, chief executive officer of Bontan

The company said it was in the process of obtaining the necessary permits for further analysis of the Levantine Basin.

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5 Responses to “Canada’s Bontan moves into Israel”

  1. ROBERT J. BLAKE on November 26th, 2009 10:10 am

    THANKS BE UNTO GOD WHO GIVES US THE VICTORY THROUGH CHRIST JESUS OUR LORD. KEEP ON KEEPING ON! GOD IS FAITHFUL AND ALWAYS FULFILLS HIS PROMISES. CHRIST IN PROPHECY: YOU ARE AWARE THAT THE POSSIBILITY OF ONLY 8 OF THE PROPHECIES COMING TO PASS IS EQUAL TO A FACTOR OF 10 TO THE 157TH POWER. I WILL SHARE WITH YOU 8 OF THOSE ALREADY FULFILLED. 1. HE WOULD BE THE SEED OF A WOMAN GEN. 3:15. FULFILLED IN LUKE 2:7. 2. HE WOULD BE BORN IN BETHLEHEM MICAH 2:5. FULFILLED: MATT. 2:1 LUKE 2:4-7. 3. THE TIME OF CHRISTS BIRTH DANIEL 9:25 FULFILLED LUKE 2:1-7 4. JESUS WOULD BE BORN OF A VIRGIN. ISAIAH 7:14 FULFILLED MATT. 1:18 5. JESUS WOULD BE REJECTED BY HIS PEOPLE. ISAIAH 53:3 FULFILLED JOHN 1:11,5:43 6. JESUS ENTRY INTO JERUSALEM ZECH 9:9 FULFILLED JOHN 12:13-15 7. JESUS WOULD SUFFER FOR OUR SINS ISAIAH 53:12 FUFILLED MATT. 27:38,LUKE 22:33 8. JESUS WOULD BE PIERCED THROUGH HIS HANDS AND FEET PSALM 22:16 FULFILLED JOHN 19:17-37 THE POINT IS WITH GOD ALL THINGS ARE POSSIBLE. HAVE A GREAT THANKS GIVING AND SHALOM! R.B.

  2. Gary on November 30th, 2009 9:54 am

    The Lord’s blessing on you and may you find oil

  3. Yossi on February 2nd, 2010 5:23 am

    Where Bontan is being traded? Thanks

  4. admin on February 5th, 2010 9:23 am

    Bontan trades OTC under the symbol ‘bntnf’ http://www.otcbb.com/

  5. S. Paquette on June 18th, 2010 4:11 pm

    May God watch over Isreal in the coming days shield and protect her like never before.

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