IPC Oil and Gas Holdings, Ltd. (IPC), is a publicly traded oil and gas company which trades on the Tel Aviv Stock Exchange under the symbol IPC:IE. IPC explores for oil and gas in the Levantine Basin off-shore Israel. IPC holds 6.8045% of two petroleum drilling licenses, Sarah and Myra, located approximately 25 miles off-shore. The licenses are located south of the giant Leviathan, Tamar, and Dalit discoveries and north of producing wells on the Mari-B and Noa leases. These discoveries were all drilled by American independent Noble Energy, Inc. and have reserves in excess of 28 Tcf. The Leviathan discovery is the largest offshore deepwater discovery in over a decade.

The IPC Sarah and Myra Licenses cover approximately 198,000 acres (500 sq.km). 2D and 3D surveys have been completed by WesternGeco over the entire area and Netherland, Sewell, & Associates has performed an independent resource report. IPC is looking for an industry partner to explore for oil in the Myra #1 and Sarah #1 locations, and to explore additional drilling locations on the licenses.

IPC Oil & Gas Holdings, Ltd.

Noble Homer Ferrington

IPC Oil & Gas Myra Drilling Update

Tel Aviv, Israel – 9/6/12 – IPC Oil and Gas Holdings, Ltd. (TASE: IPC) announced today that following the immediate report of June... 

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IPC Oil & Gas Holdings: Drilling in the Myra license is expected to begin in the following days – the drilling rig has reached its destination

The drilling rig Noble Homer Ferrington, which will be used for the drilling, has reached its destination and is now performing the... 

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Vail resident’s company to drill for oil in Israel territorial waters

VAIL — Howard Cooper has spent most of his life looking for the Next Big Play in the oil and gas business. He thinks he’s found... 

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IPC Oil and Gas holdings: successfully completed capital raising in shares and options with an over-demand of 3.6 times and at a price 32% higher than the minimum price

Total raising is expected at over 36 Million shekels (assuming full exercise of all options) IPC Oil and Gas Holdings announced today... 

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