Canada’s Bontan Oil and Gas Exploration announced this week that its “Mira” and “Sarah” prospect areas in patches of ocean off Israel’s shore contain up to 6 trillion cubic feet of natural gas, worth up to $7.54 billion at current prices, Israel’s business daily Globes reported.
The prospects are located just south of the “Tamar” and “Dalit” prospect areas where natural gas estimated to be worth up to $40 billion was found last year.
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