Project Synopsis P161

Onshore Israel

Meged Oil Field

Production Lease I/11



Gi vot Ol am Oi l LP






Sept ember 2008
(Energy Venture Opportunities International)
E N V O I
P161 Israel (License I/11) E N V O I


Givot Olam Oil LP
E EX XE EC CU UT TI IV VE E S SU UM MM MA AR RY Y: :

Introduction: Givot Olam Oil Exploration Limited
Partnership, an Israel-based, Tel Aviv stock Exchange
(TASE) listed exploration company, is seeking a
partner to participate in the drilling of their next
appraisal well, Meged-5. The well is designed to further
delineate the Meged oil accumulation which Givot
Olam discovered in 1994 on their 99%-owned and
operated 243 km
2
(60,000 acre) Rosh Haayin Block
when they drilled the Meged-2 discovery well within the
Galil Rift Basin, onshore Israel (now Production Lease
I/11). The Galil Rift is now recognised as an extension
of the Triassic Palmyra-Sinjar rift system situated to the
northeast. Significantly, the Galil rift has regionally
been offset southwards by sinistral shear along the
large N-S trending Dead Sea fault and is largely
unexplored in comparison to the prolific, proven
producing part of the Triassic play trend in Syria and
Iraq (Ref: Montage).

Project Overview: Givot Olam drilled two subsequent
appraisal wells (Meged-3 & Meged-4 in 2001 and 2003,
respectively), both of which confirmed closure and oil
saturated reservoirs. They also re-entered Meged-2
and flowed hydrocarbons on production test. More
recently in 2005, a 25 km infill seismic survey acquired
by Givot Olam not only further improved the resolution
of the structure but also revealed that the three existing
wells had all penetrated the structurally lower northern
end of a much larger Triassic closure than had
previously been mapped. The enlarged Meged
structure now covers approximately 180 km
2
(45,000
acres) and is now believed to be capable of hosting an
estimated P50 resource of around 142 million bbls
recoverable, with significantly bigger upside. The
Meged closure remains undrilled on its central and
southern part, including the crest of the closure where
the next appraisal well is proposed, up dip of the three
existing wells. A new depositional model also predicts
that the next well could encounter a more porous
carbonate facies that would be a much more prolific
reservoir.
Over the last ten years Givot Olam has explored and
appraised the vast potential of the Meged oilfield on
their own but would now like to accelerate their
appraisal, and hopefully development plans, by finding
a suitably experienced drilling partner to join them in
the next phase of their work programme.
Brief History: All three of the existing Meged wells
drilled to date by Givot Olam were located by
successive interpretation of seismic acquisitions
between 1970 to 2005, which now total around 1,000
kms of 2D data. The Meged wells all encountered oil
saturated Triassic aged Mohilla A reservoir, from
which Meged-2 and 4 wells tested at up to 400 bopd
40 API crude over a short time, with large but
unmeasured quantities of associated gas. The modest
flow rates are now recognised to have been limited by
locally tight reservoir and damage associated with
outdated engineering techniques and mechanical
failure. On 4
th
April 2004, the Israeli government
recognised the Meged accumulation as a commercial
oil discovery and awarded Givot Olam production lease
I/11 which incorporated the original Rosh Haayin
exploration Block. The Meged Oil Field is situated
approximately 15 kms east of Tel Aviv and could be tied
into the coastal pipeline 20km away, which links into
the refineries situated in Haifa and Ashdod.

Prospectivity & Value Potential: Even if the next
Meged appraisal well encounters only modest 4-6%
porosity, similar to the earlier wells, a 300 bopd
production rate can be expected with basic carbonate
stimulation. If the higher (8%+) porosity grainstone
facies is encountered in the next well, as expected, flow
rates of up to 1,000 bopd per well are possible. Scoping
economics indicate that if the Meged field is indeed
confirmed to contain the 142 MMbo P50 recoverable
resource estimate, it could generate an NPV10 in
excess of US$ 2 billion, based on a flat US$ 100/bbl
price deck over a 25 year field life. Discovery of any
upside would obviously add to this value substantially.
All production is available for both domestic use and/or
export, with easy access to the existing refineries and
large markets by tanker within the Mediterranean.

Obligations & Work Programme: Givot Olam has, to
date, fulfilled all its exploration obligations to maintain
their production lease. There is a single requirement to
have some level of production on stream following the
completion of the next appraisal well being planned for
Q1 2009. A rig has been contracted at an estimated
cost of around US$ 8 million, including initial well
testing. Provision is being built into the programme for
fracture stimulation and additional testing, likely to cost
an additional US$ 3 million if the well is successful.

Deal: Givot Olam is offering a negotiable equity interest
in their Meged discovery by funding all or part of the
next appraisal well (Meged-5), with an option to
increase the interest by subsequent involvement in the
development of the field. This equates to sub-ground
floor earn in, as Givot Olam is not seeking
reimbursement of any past costs of the 3 past wells, the
acquisition of new seismic or associated costs already
spent to advance the Meged opportunity to where it is
today.
O Op pp po or r t t u un ni i t t y y t t o o j j o oi i n n o on ng go oi i n ng g a ap pp pr r a ai i s sa al l
& & p po ot t e en nt t i i a al l d de ev ve el l o op pm me en nt t , , f f o ol l l l o ow wi i n ng g
n ne ew w s se ei i s sm mi i c c d da at t a a & & a aw wa ar r d d o of f
c co om mm me er r c ci i a al l p pr r o od du uc ct t i i o on n l l i i c ce en ns se e, , o of f
v ve er r y y l l a ar r g ge e M Me eg ge ed d o oi i l l f f i i e el l d d ( (E Es st t . . 1 14 42 2
m mm mb bo o r r e es so ou ur r c ce e w wi i t t h h 4 40 00 0+ + m mm mb bo o
u up ps si i d de e) ). .
P161 Israel (License I/11) E N V O I


Exploration History: A total of around 400+
wells have been drilled in Israel to date, mostly in the
1950s, 60s and early 70s by the old national Israeli Oil
Company and located mainly on the basis of surface
geological mapping. Most are also now recognised to
have been drilled in less prospective areas such as the
Negev platform (Ref: Montage). Only twenty five or so
of these old wells were targeted within the four main
prospective basin play areas now recognised in Israel.
These include the Dead Sea Basin (which contains the
Kidod, Zohar and Hakanaim gas fields), the Coastal
Plain (containing the Ashod and Heletz oil fields along
with the Shiqma gas field) and Offshore Deepwater
(more recent discovery of the Mary-B field in the year
2000). The highly prospective Galil Rift area, which
contains Givot Olams Meged oilfield discovery, is the
least explored of these play areas.

Rosh Haayin Block: Givot Olam has owned and
operated the Rosh Haayin License 100% since 1992,
when it was granted for an initial 18 month period.
Since then the License has been extended and
renewed several times following progressive technical
work, including a total of around 150 km of modern 2D
seismic locally infilling the 850+km of pre-existing data,
which Givot Olam initially reprocessed between 1992
and 1994 and added to in 2005

Givot Olam has also drilled 3 wells, which resulted in
the first successful flow tests of hydrocarbons from the
play area in Israel in 1994 and defined the Meged
oilfield. Givot Olams work ultimately resulted in the
Israeli Government recognising the Meged oil
discovery as a commercial oil discovery in 2004 and
they were consequently granted the 30 year I/11
Production Lease.

Meged-2 was the first well drilled by Givot Olam in 1994
which encountered oil in the Triassic, dolomitic Mohilla
A Formation reservoir below 4,000 metres. The
limited amount of the porous grainstone facies and the
presence of anhydrite in the pore space of the reservoir
section limited the ability of the well to produce oil in
initial tests, which yielded only a small amount of oil at
surface, with no formation water, recovered via reverse
circulation using traditional techniques. It was also later
confirmed that the test was not conducted over the
optimal pay zone.

As a result, and after re-interpretation, a second test
was later conducted during a re-entry in 1998 over the
higher quality pay interval. This test resulted in an initial
flow rate of 400 bopd of 40 API crude and associated
gas with an estimated maximum rate of 1 mmcf/d.
Although the flow rate could not be sustained due to the
tightness of the reservoir, 15 bbls of oil were recovered.

Subsequent to Meged-2, detailed reconstruction of the
regional depositional model of the Mohilla reservoir was
carried out by Givot Olam and led to the drilling of
Meged-3 in 2001. This well was drilled 4 km west of the
Meged-2 well, where the reservoir quality was expected to
improve towards the Basins bounding fault and a high
porosity shoreface facies was interpreted in the new
model. Although Meged-3 confirmed the facies transition
as predicted, with an increase in porous grainstones and
little to no anhydrite, the well was in a highly dolomitised
part of the system, possibly near the evaporitc facies

The Meged-4 well was drilled in 2003 between
Meged-2 and Meged-3 and again encountered
anhydrite, suggesting the same low porosity facies
found in Meged-2. The Meged 4 well was, however,
tested in 2003 and recovered 55 barrels of 40 API oil
during swabbing. In 2005 Givot drilled a 270 meter
horizontal side track off the original Meged-4 to
increase deliverability and attain commerciality.
Unfortunately, the horizontal section collapsed due to
mechanical problems attributed to the outdated drilling
technology in use. Irreparable damage to the wellbore
resulted and no testing was possible to verify improved
reservoir deliverability.

New Focus: A modern 25 km infill seismic survey
acquired by Givot Olam in 2005 confirmed that the
three existing wells are all at the northern downdip end
of a larger structural Meged closure than previously
mapped. Substantial potential, therefore, still lies to the
south on the crest of the structure updip from the
existing three wells which confirmed producible oil on
the flank of the structure.

Recent study incorporating all the seismic data with the
existing wells has been key to the reinterpretation the
Mohilla facies model and enabled better prediction of
the best reservoir facies trends. Although the basin
deposits in the 4-6% porosity range observed in the
existing Meged 2 and 4 wells are considered marginally
economic on their own, the prediction is that this could
improve to 8+% porosity in the shoreface grainstone
facies encountered in the Meged-3 well, but more
central to the shoreface facies where not dolomitised.

An increase of only 2-3% porosity in the reservoir would
significantly increase reservoir deliverability and can
only be confirmed by an additional appraisal drilling.
Independent reviews confirm potential commerciality of
the existing wells in addition to the significant profitable
development potential if, indeed, improved reservoir is
encountered in the as yet undrilled crest of the Meged
closure.
Modern data now unlocking
potential of proven hydrocarbon
plays successfully discovered
onshore to date, albeit mostly by
domestically funded companies.
P161 Israel (License I/11) E N V O I



Regional Overview & Petroleum
Geology:

Tectonic setting: The earliest tectonic evolution of
the Mediterranean / Middle East region began in early
Palaeozoic times with the breakup of the ancient
Gondwana Landmass. Palaeozoic Basins developed
as part of proto-Tethys and subsequent Tethys
openings progressively filled with sediments during the
Cambrian, Ordovician, Silurian, Devonian and Permian
times. Some of these contain highly productive
hydrocarbon sequences, particularly those basins in
Saudi Arabia and North Africa which contain mature
Silurian source rocks.

Regional study and the existing well evidence clearly
show that Israel fits in the regional model, supporting
the idea that onshore, and particularly the Gailil Rift
Play in the central and north eastern part of the country,
was once the south-westerly extension of the Palymyra
- Sinjar Rift System, which is highly productive to the
north east in Syria and Iraq. Evidence suggests that
this rift system began evolving in Palaeozoic through to
the early Mesozoic times as Gondwanaland broke up,
and has since been offset in Israel to the south by
wrench movement along the Dead Sea fault zone.

The present day coastline marks the geologic Hinge
Zone boundary between the Gailil Rift and the Levant
Basin to the west, which formed in Mesozoic times and
is now part of the Mediterranean. The boundary along
the coast between these two rift systems is now a so-
called Hinge zone, which is a N-S trending transform
fault zone. The Levant Basin appears to have opened
progressively from the west along what is now North
Africa; it appears to have been halted when it reached
the Hinge Zone during Triassic times and probably also
prevented the older Galil rift from connecting with the
Levant Basin.

The Hinge Zone also appears to be a major present
day barrier to migration onshore from the offshore,
although there is stratigraphic evidence which
suggests that the Hinge Zone may have been locally
breached by Triassic aged deltas. These have
subsequently acted as local migration conduits to
structures immediately onshore, as evidenced by the
Heletz and Ashod fields. The Galil Rift also contains a
marine facies, although well evidence suggests it was a
more restricted basin. The best reservoir is developed
on the western margins of the basin and becomes a
more restricted facies eastwards, as evidenced by the
evaporite sequence encountered in the Meged 2 and 3
wells and also by the Ramalla-1 well, which was drilled
in the now inverted depocentre of the Galil Rift.

Significantly, oil recovered in the initial Meged-2 well
drilled by Givot Olam was, for the first time,
conclusively tied by bio-marker analysis to a Silurian
source similar to the Palmyra-Sinjar extension offset to
the north west and which is unlike almost all the other
oils found the Israeli plays to the south in the Dead Sea,
Negev Desert and Hinge Zone fields and offshore wells
and fields. The new Givot Olam Play Model therefore
suggests that the Gailil Rift contains a Palaeozoic
Silurian source capable of charging the primary
reservoirs in Lower Mesozoic limestones and
dolomites, including the Mohilla formation in the Meged
field, further supporting the theory that the Galil rift is an
extension of the producing Palmyra-Sinjar Rift System.



Summary of Petroleum Geology: There are six
prospective reservoir horizons over the License area
which could independently trap hydrocarbons.

The most prolific of these is the Mohilla formation,
which is itself divided into three different members,
from oldest to youngest, Mohilla A, B, and C

Reservoir: Three reservoirs are considered the
primary targets in the Galil Rift and Givot Olams block:

Mohilla A: In the Meged closure, the main reservoir
is the Mohilla A member, which consists of a porous
carbonate grainstone facies with porosities ranging
between 3% to 12% and permeabilities ranging
between 0.5 to 5mD. This is encountered below
4,000m in the Meged closure, covering an area of
around 180 sq km which lies entirely within Givot
Olams I/11 License.

Saharonim: This potential reservoir unit is a
secondary Triassic dolomite which has been
encountered with porosities of around 8% below
4,600m TVD, directly beneath the Mohilla formation.

Raaf: The deeper Raaf unit is also a potential
reservoir horizon consisting of a porous dolomite 4-6%
with moderate permeability of several millidarcies.
Massive production capable
structure awaiting further
delineation for optimal field
development plan.
Regional & tectonic evolution
confirms onshore Israel is linked
to Middle Easts prolific proven/
producing Palmira-Sinjar rift
play trends
P161 Israel (License I/11) E N V O I

Source & Seal: Hydrocarbons in the area are sourced
from the regionally present Silurian shales, as typed by
oil recovered from the Meged-2 and 4 wells.
Significantly, this highly organic shale is responsible for
generating most of the hydrocarbons trapped
throughout the Middle East. Overlying anhydritic
mudstones of the Mohilla B and C members provide
the top trapping seal over the structure.

Reserve Potential & Secondary Prospects: These
can be summarised:

The Meged Discovery: The 180 sq km closure now
mapped inside the Lease is estimated by Givot Olam to
contain an upside of 2.8 Billion barrels of Oil in Place,
with a P90 of 58 Million barrels recoverable and a P10
upside of around 558 Million barrels of recoverable oil
and 0.4 Tcf associated gas.

A number of reputable international oil and gas
consultants (including Chapman Assoc., Forest Garb &
Assoc., Miller & Lents and Fracture Technologies Ltd)
have all confirmed the Meged log and test
interpretations, but before the new interpretation of the
Meged closure. The modest deliverability of the
reservoir encountered in the existing wells will be
significantly surpassed if further appraisal drilling
confirms better reservoir.

In addition to the Meged discovery there are also
several other independent closures (prospects)
associated with the primary Meged closure which
remain undrilled:

Secondary Targets Potential: These include the
Saharonim horizon, which is mapped as an
independent closure directly below the Mohilla
formation. The zone was penetrated off structure in
the David-1 well and was water wet (ref. montage). The
Saharonim is expected to be oil-bearing updip at
Meged-5 with estimated reserve potential of 14 million
bbls recoverable.

Four way closure is mapped at the Raaf reservoir level,
where the zone is predicted to be around 20m thick and
prognosed to be encountered at around 4,800 m at the
Meged-5 location. Possible reserve potential is
estimated likely to be 30 million bbls recoverable.

Independent four way closure is also mapped at the
Permian aged Khuff and Unayzah reservoirs below the
Meged structure. These Permian reservoirs are proven
productive elsewhere in the Middle-East and are
expected to contain around 0.8 Tcf of gas.



Reserves and Value Potential: Scoping economics
indicate that if Meged is confirmed to contain a P50
resource estimate of 142 MMbbl, it could generate an
NPV10 in excess of US$ 2 billion today, based on a flat
US$100/bbl price deck over the estimated 25 year field
life. When compared to the undiscounted CAPEX
necessary to fully exploit the reservoir (US$ 600
million), the opportunity is clearly highly prospective
with high value potential and only moderate risk
appraisal.

Single well reserves are expected to be in the range of
1.0 -3.0 million barrels. Based on expected operating
costs in the range of US$5/bbl and 33% total royalties,
and at a flat US$ 100/bbl oil price, wells could reach
payout in only 1 year.

The following chart depicts the full range of estimated
reserve potential within the Meged closure:
Rec.Reserves Unrisked RiskedRec. Risked
TYPEOFRESERVE (MMbbls)
NPV10
(MMbbls)
NPV10
P90 58 480mil 52 402mil
P50(MEAN) 142 2,002mil 94 1,261mil
P10 558 4,672mil 134 2,204mil

NPVs are discounted @ 10% over an estimated 25 year reserve life.
(assuming US$100/bbl oil price with all applicable tax, royalties & op costs
deducted).



Political Comment: The relatively limited amount of
modern seismically driven exploration onshore Israel
has historically been carried out by domestic
companies, most of which have been funded in-country
with private funds. Even with the perceived political
risks of recent years, the appetite for opportunity in
Israel has steadily increased, particularly offshore, but
also now onshore with the realisation of its largely
unexploited potential.





Favourable Fiscal Terms ensure
low economic thresholds & early
payback
Scoping Economics indicate
that a P50 resource of 142 MMbo
recoverable in Meged could have
an NPV10 or US$ 2 Billion
P161 Israel (License I/11) E N V O I

Fiscal Summary: Israels fiscal regime is considered
to be favourable in the light of the undrilled
prospectivity identified in the country. On rankings of
government take, Israels fiscal terms simply comprise
a royalty regime such that 12.5% of wellhead values is
taken at market prices for both oil and gas, together
with a corporation tax that is charged on net profits from
the sale of oil and gas production and which currently
stands at 29%. All capital and operating expenses are
deductible, together with a 27.5% depletion allowance.

Obligations & Work Programme: All the exploration
obligations required to maintain Givot Olams I/11
production lease have been fulfilled. There is, however,
a requirement under the lease to have some level of
established production on stream following the
completion of the next appraisal well, Meged-5 which is
being planned for Q1 2009. A rig has already been
contracted with the well cots currently estimated likely
to cost around US$ 8 million, including initial well
testing. Provision is being built into the drilling
programme for fracture stimulation and additional
testing which is estimated likely to cost an additional
US$ 3 million if the next well is successful.



Deal Terms: Givot Olam is offering a negotiable
equity interest in the Meged field by funding all or part
of at least the next appraisal well, Meged-5 planned for
early 2009. Subsequent commitment by an incoming
party to participate in the development of the field
would include an option to extend the initial interest
earned by drilling the next well. This equates to a
sub-ground entry, since Givot Olam is not seeking
reimbursement of any past costs involving over US$ 40
million spent on their 3 existing wells, the various new
seismic surveys acquired, comprehensive geological,
geochemical and related studies and associated
operating costs already spent which has assessed the
potential of the Meged opportunity.
Givot Olam would very much like to find a new partner
with additional operating experience and funding to join
them and accelerate the forward work programme
involving Phase II appraisal and hopefully development
of the Meged fields vast potential.


Additional Information: Access to key project data
will be available for download after execution of a
Confidentiality Agreement. Seriously interested parties
will be invited for a presentation and in-house review of
ALL the data, including the seismic, on workstations in
Givot Olams Israeli offices or, in certain circumstances,
through visits to seriously interested parties own
offices.

All expressions of interest and requests for more
information, including a copy of the CA for execution
prior to access to the online data room, should be made
through Envoi:

Envoi Limited
11 Cowper Road
Hanwell
London, W7 1EL
United Kingdom

Tel : +44 (0)20 8566 1310

Fax : +44 (0)20 8566 1312

E : mail@envoi.co.uk

Contact: Mike Lakin

AN ACROBAT VERSION OF THIS SYNOPSIS IS ALSO
AVAILABLE FOR REVIEW ON THE ACTIVE PROJECTS
PAGE OF ENVOIs WEB SITE
www.envoi.co.uk
Disclaimer: The information in this memorandumis for guidance only. Neither Envoi Limited (Envoi),Givot OlamLtd (Givot
Olam) nor anydirector, officer or employee of Envoi or GivotOlamaccepts responsibilityfor or makes anyrepresentation or
warranty, express or implied, with respect to the accuracy or completeness of the information, estimates and opinions
contained in this document. This document does not constitute an offer, and neither this document nor the information,
estimates and opinions contained in it shall formthe basis of anycontract. Companies wishing to acquire an interest in the
project will be expected to make their own review of all documents and formtheir own judgements entirely. ENVOI
August 2008 Envoi/P161GivotOlam(Israel)Syn.doc
Presentation & project data
room available for immediate
review
Sub-Ground Floor entry terms
with simple Promote through
next well & no reimbursement of
substantial past cost
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ROSH HAAYIN BLOCK
LEASE I/11
SUMMARY OF THE HYDROCARBON
POTENTIAL OF THE ROSH HAAYIN
BLOCK (Production Lease I/11)
ONSHORE ISRAEL
Date : August 2008
Drafting by Draftoil
Compiled by : M. Lakin
Ref : P161 Israel
JORDAN I SRAEL
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CRETACEOUS BASIN DEVELOPED
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HINGE ZONE : BARRIER
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ONSHORE FROM OFFSHORE
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Rosh Haayin Block
(Production Lease I/11)
Oil Discovery / Field
Gas Discovery / Field
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ROSH HAAYIN STRUCTURE
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SEISMIC
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David-1 Meg ed-2
Well on Surface Structured Dry Zohar/Kidod Fields
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(18 MMbbls
produced
todate)
ZOHAR
FIELD
ZUK TAMRUR
FIELD
HALAMISH
OIL FIELD
SHIQMA
FIELD
SADOT FIELD
35 BCF
GURIM
FIELD
HAKANAIM
FIELD
YAM WEST-1
OFFSTRUCTURE
Deeper
Undrilled
Prospects
DAVID-1
ENCOUNTERED
HYDROCARBONS
BUT NEVER TESTED
SURFACE SEEPS
& DISCOVERY
EMUNA-1
TESTED OIL
FROM TRIASSIC
EVAPORITES
TURBIDITES
OFFSHORE
TURBIDITES
OFFSHORE
CHANNEL SST
(LEACHED /
KARSTIFIED)
OOLITIC SHOALS
AGE / FORMATION
WEST EAST
SCHEMATIC
LITHOLOGY
PETROLEUM
GEOLOGY
HYDROCARBON
OCCURANCE AND PLAY
SUMMARY
PLIO
PLEISTOCENE
MIOCENE
T
E
R
T
I
A
R
Y

-

R
E
C
E
N
T
C
R
E
T
A
C
E
O
U
S
SHOWS TESTS
PLAY
POTENTIAL
WEST EAST
OLIGOCENE
OFFSHORE
TERTIARY PLAY
(AMPLITUDE
AND WACKES)
DEAD SEA
PLAY
YAM
WEST-1
MANGO
FIELD
(10,000 BOPD ON TEST)
COASTAL
PLAIN SST
ONSHORE
PLAY
DAVID-1
ZOHAR
FIELD
HELETZ
FIELD
YAM-2
800
BOPD
COASTAL
PLAY
LIMESTONE /
OOLITIC PLAY
J
U
R
A
S
S
I
C
T
R
I
A
S
S
I
C
M
E
S
O
Z
O
I
C
ONSHORE
GALIL RIFT
PLAY
?
KIDOD FM
ZOOHAR FM
SHEFAYIM
FM
MOHILLA
FM
MEGED-2
800 BOPD
MEGED-3 & 4
500M OIL
COLUMN IN
TIGHT
RESERVOIR
DAVID-1
ONSHORE
SST PLAY
OIL IN MEGED-2
UNIQUE & TYPED
TO SILURIAN
P
A
L
A
E
O
Z
O
I
C
P
E
R
M
IA
N
C
A
R
B
.
D
E
V
.
?
?
?
E
SUMMARY OF ISRAELS PETROLEUM GEOLOGY
ONSHORE OFFSHORE
GURIM-1
KIDOD FIELD
ZUKTUMAR
FIELD
HALAMISH
FIELD
GEVANIM FM
RAAF FM
D
E
A
D


S
E
A



F
A
U
L
T
Proposed
Meged-5 Location
ROSH HAAYIN
BLOCK
(Production Lease I/11)
MEGED-3
Encountered grainstone
facies but with local
dolomitisation
S
R
YAM -1 (Too Shallow)
YAM-2 (800 BOPD on test)
GAZA
MARINE
MARI
FIELD
SOUTH
(Est 1.3 Tcf)
OR
SOUTH
MEGED-4
Recovered 55 BOPD
40deg API Oil ~ Horizontal
section collapsed &
never tested
Map showing location & hydrocarbon
prospectivity of the Rosh Haayin (Production
Lease I/11) in the Galil Rift Onshore Israel
Givot Olam Oil LP
MEGED FIELD
0 5 Km
B'
B
B'
B
B' B
Cross Section NE - SW Across the Meged Field
MEGED-3
MEGED-4
Interpreted
Porous
Facies
Lower
porosity
facies
MEGED-2
Proposed
Meged-5
Location
New Mohilla Facies & Reservoir Quality Model
Existing
Meged
Wells
High
Porosity
Facies
D
e
a
d
S
e
a
NI GER
LI BYA
NI GERI A
CHAD SUDAN
EGYPT
A
L
G
E
R
I
A
T
U
N
IS
IA
I
T
A
L
Y
TURKEY
GREEC
E. FSU
I RAN
SAUDI
ARABI A
M
e d i t e r r a n i a n
JO
R
D
A
UAE
I RAQ
SYRIA
Y
E
M
A
N
O
M
A
N
SOMALIA ETHIOPIA
B l a c k
T
U
LOCATION MAP SHOWING PROLIIC OIL
PRODUCING REGIONS
Ca s p i a n
Se a
ISRAEL
KEY
Silurian
Source
Area
Dam ascus
KARACHOK (TRIASSIC)
29,000BOPD
OMAR
(TRIASSIC)
50,000 BOPD
JIBISSAH
7,000BOD
(TRIASSIC)
ALAN (TRIASSIC)
1,000BOPD
19API
500BCF?
RECOVERABLE
+ OIL SHOWS
PROSPECTIVE
AREA
KHIRBEH
(TRIASSIC)
BUTMAH
(TRIASSIC)
31API OIL
RUMAILAN (TRIASSIC)
REC.630MMBBLS
33-34API OIL
SHERRIFE
SOUKHNE
ASH SHAER
WAHAB
NAJIB
ATALLAH
NORTH
ALISBAN
SHANEL
SIYAN
SFAYEN
AL-HAWL
SI NJ AR RI F T
T
E
T
H
Y
S

B
A
S
I
N
P
A
L
M
Y
R
A
R
I F
T
P L A T F O R M
P L A T F O R M
Bagdad
Beirut
SUMAIDIYEH
AINZALAN
Jerusalem
LEVANT
BASI N
G
A
L
I
L



R
I
F
T
( N
egev)
38 36 34 32
36
34
32
D
E
A
D
S
E
A
F
A
U
L
T
A
B
B
A
F
A
U
L
T
TRIASSIC
LARGELY
UNEXPLORED
PALAEO-GEOGRAPHIC MAP
Circa 200 MYA
(MID-LATE UPPER TRIASIC)
KEY
Triassic Oil Field
Triassic Gas Field
Carbonate Feature
/ Buildup
42 40
Approx Line of Section
Regional Structure
Seal
Reservoir
Source Rocks
A
A
Gas / Oil Field
Prospect
Gas & Oil Pipelines
PREPARED
BY
E N V O I
(Energy Venture Opportunities International)