insights

by Hillel Koren

Noble Energy has a 39.66% holding in the Leviathan prospect along with Delek Group Ltd. subsidiaries Delek Drilling Limited Partnership and Avner Oil and Gas Ltd., and Ratio Oil Exploration Ltd. . In financial reports, Noble Energy has previously said that Leviathan’s estimated natural gas reserves were double the size of the Tamar field. Exploratory drilling of the Leviathan prospect is scheduled to begin next month and initial results are expected towards the end of the year or the start of 2011. In July, Noble Energy said that there is a 50% chance of finding 16 trillion cubic feet of natural gas in the Leviathan field, which is almost double the estimated 8.4 trillion cubic feet in the Tamar prospect. It now seems that Nobel Energy is raising this estimate. http://www.globes.co.il/serveen/globes/docview.asp?did=1000590308&fid=1725

by Shmulik Shelach

Two and a half years after selling his start-up Diligent Technologies to IBM, Doron Kempel led his current venture SimpliVT in raising $9.2 million. The company reported the funding to the US Securities and Exchange Commission (SEC). According to the SEC filing, 8 investors participated in the current funding. Altogether the firm has raised $10 million since its founding. The company remains very private, without even a website. It is apparently developing computer infrastructure software. http://www.globes.co.il/serveen/globes/docview.asp?did=1000588986&fid=1725