Last 7,777
Change Today 0.00 / 0.00%
Volume 0.0
As of 10:24 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

alon natural gas exploration (ALGS) Snapshot

Open
$7,777
Previous Close
$7,777
Day High
$7,778
Day Low
$7,777
52 Week High
01/16/14 - $8,200
52 Week Low
09/1/13 - $6,100
Market Cap
1.1B
Average Volume 10 Days
1.3K
EPS TTM
$3.00
Shares Outstanding
14.0M
EX-Date
--
P/E TM
25.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALON NATURAL GAS EXPLORATION (ALGS)

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alon natural gas exploration (ALGS) Details

Alon Natural Gas Exploration Ltd. is involved in the investment and production of oil and gas in Israel. The company explores for natural gas and oil in the Mediterranean Sea, close to Haifa, Israel. As of December 31, 2013, it had a total of 222.8 BCM proved natural gas, as well as 84 BCM of probable reserves; and condensate proved reserves totaled 10.2 million barrels, and the probable reserves totaled 3.9 million barrels. The company’s customers include electric companies, industries, and private electrical suppliers; companies that distribute natural gas; and oil distribution companies, as well as oil refineries. It distributes gas through a network of conduction and distribution system. The company was incorporated in 2009 and is based in Yakum, Israel. Alon Natural Gas Exploration Ltd. is a subsidiary of Alon Israel Oil Company Ltd.

Founded in 2009

alon natural gas exploration (ALGS) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 853.0K
Compensation as of Fiscal Year 2013.

alon natural gas exploration (ALGS) Key Developments

Alon Natural Gas Exploration Ltd., Special/Extraordinary Shareholders Meeting, Jun 23, 2014

Alon Natural Gas Exploration Ltd., Special/Extraordinary Shareholders Meeting, Jun 23, 2014., at 10:00 Israel Standard Time.

Union Fenosa In Talks To Acquire Stake In Gas Field

Union Fenosa Gas, S.A. is in talks with the Tamar partners to buy 20% of the natural gas in the field. The partners include Isramco Inc. (NasdaqCM:ISRL), Noble Energy, Inc. (NYSE:NBL), Delek Group Ltd. (TASE:DLEKG), Delek Drilling - Limited Partnership (TASE:DEDR.L), Avner Oil Exploration - Limited Partnership (TASE:AVNR.L) and Alon Natural Gas Exploration Ltd. (TASE:ALGS). If the agreement is signed with the Tamar partners then the natural gas will be exported through Union Fenosa and ENI's liquid natural gas installation in Egypt.

Tamar Partners Sign $1 Billion Gas Contracts

The Tamar natural gas field partners - Noble Energy Inc., Delek Group Ltd., Isramco Ltd., and Alon Natural Gas Exploration Ltd. have signed a gas supply agreements with the Alon Tavor and Ramat Gabriel power stations for the supply of 4.5 billion cubic meters (BCM) of gas for more than $1 billion. The two agreements are for 15 years from the start of deliveries or until the contract quantity of gas is supplied, whichever comes first. The buyers have committed to take or pay a minimum quantity of gas a year, pursuant to a mechanism set out in the supply agreements. The agreements also include arrangements for reduced gas deliveries during the interim period until the gas pipeline's capacity is expanded to the stipulated quantity. The agreements are subject to several conditions, the most important of which are permission from the Antitrust Authority and financial closing by the ventures.

 

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