Welcome to Adira Energy.
Adira Energy Ltd. is a Canadian domiciled, oil & gas exploration and development company (OTCBB: ADENF; FRANKFURT: AORLB8; TSX: Pending).
Adira Energy has been granted and/or acquired petroleum licenses on and offshore Israel:
“Eitan License” covering 31,060 acres (125,700 dunam) and "Notera License" covering approx. 20,000 acres in the Hula Valley located in Northern Israel with indications of natural gas*. License issued in December 2008 for initial 3 years renewable for a further 4 years.
“Gabriella License” covering 97,000 acres (392,000 dunam) approx. 10km offshore Israel between Netanya and Ashdod, with indications of Oil. License issued in July 2009 for initial 3 years renewable for a further 4 years.
“Yitzhak License” covering 31,555 acres (127,700 dunam) approx. 17km offshore Israel between Hadera and Netanya, directly to the North of and contiguous to “Gabriella License”, with indications of Oil*. License issued in October 2009 for initial 3 years renewable for a further 4 years.
*not NI Policy 51-101compliant
Adira Energy aims to:
- Prove up and develop the Hula Valley Natural Gas & Coal Bed Methane (CBM) Gas field (“Eitan” and "Notera" Licenses).
- Generate gas-powered electricity and supply the Israel National Pipeline with Natural Gas.
- Evaluate the two offshore blocks (“Gabriella” & “Yitzhak” Licenses).
- Acquire additional onshore and offshore exploration/development licenses.
- Become a significant participant in the Israel energy sector.
