Delek Drilling-LP (DEDRL) extended gains, rising to the highest level since November 2010 after the Israeli oil and gas exploration company and partners signed two deals to supply gas from the Tamar field. The shares of Delek Drilling, owner of a 15.625 percent stake in the natural gas project, increased 3 percent to 15.29 shekels at 10:53 a.m. in Tel Aviv, the highest since November 2010. The stock gained 2.5 percent yesterday after the company and its partners signed a $5 billion deal to supply Tamar gas to Dalia Power Energies Ltd. The stock extended gains today after Delek Drilling and its partners said in a regulatory filing they had signed two additional 16-year gas supply deals valued at $1.2 billion. Avner Oil Exploration LLP (AVNRL), owner of a 15.625 percent interest in Tamar, increased 2.9 percent to 2.671 shekels, the highest intra-day level since December 2010. Isramco Negev 2 LP, with a 28.75 percent stake in Tamar, rose 0.4 percent to 0.495 shekel. Houston-based Noble Energy Inc. (NBL), which owns 36 percent of the Tamar field, climbed 1.7 percent in New York trading yesterday. To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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