Said Sarsour will invest in Sde Shimshon – the capital market

Unibin Israel, Which is controlled by the Israeli-British businessman, Said Sarsour, yesterday signed a conditional agreement to purchase about 21% of the rights in the possession of “Samson”. Pursuant to the transaction, Unibin will acquire the full rights of Nafta, in a strong manner, and joins the holdings in Modiin Energi, Isramco Gev 2, Hanal and Petroleum Serous Holdings.

The transaction, which is expected to be finally closed within 90 days, is subject to a number of conditions precedent, including obtaining the consent of the other partners in force; Approval of the Commissioner of Petroleum Affairs and guaranteeing the Ministry of Energy.

According to an internal estimate, a pimp Univin is expected to invest another $ 35 million in drilling a decker, while maintaining the work plan submitted to the oil commissioner. As part of the terms of the deal, Univin will grant Nafta a 5.5% share premium on Taglit’s revenue.

Samson Preservation, which is located in the heart of the sea and about 90 km west of the shores of Ashkelon. In 2019, in a prospective resource assessment report conducted by NSAI in March 2020 and published by the partners in the holding, it was found that the “Decker” prospect, which is in the depths of the holding, has the potential for predicted resources of approximately 900 million barrels of oil. The aforesaid predicted resources refer only to the part of the prospect that is in the possession area in the maritime territory of Israel, when apparently parts of the prospectus glide beyond the maritime territory of Israel.

A pimp said: “Our entry into a partnership with Samson is an important business move for Unibin, and we hope that together with our other partners we will drill down Prospect Decker and reveal its significant potential, and promote cooperation with other players in the region.”

Univin Israel Ltd. is a subsidiary of the Unibin investment group, located in London, which is owned by the Israeli-British businessman Said Sarsour. The Unibin Group operates and promotes investments in the fields of energy, with an emphasis on oil and gas, the capital market, real estate and technology.