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Noble Energy Makes Another Natural Gas Discovery Near Cyprus

DOW JONES NEWSWIRES Noble Energy Inc. (NBL) said it made another natural gas discovery near Cyprus, building on a string of recent successes in the greater Levant basin. The oil-and-gas explorer and its partners have now found five discoveries in the basin, which is off the coasts of Cyprus, Israel and Lebanon, as they have uncovered an estimated 33 trillion cubic feet of gas. The newest well was drilled at a water depth of about 1 mile and about 3 1/2 miles into the ocean floor. Noble said the natural gas inside is about 5 trillion to 8 trillion cubic feet. Noble Energy operates the well with a 70% working interest. Israel-based Delek Drilling L.P. (DEDR.L.TV) and Avner Oil Exploration L.P. (AVNR.L.TV) will each have 15%, subject to final approval by the government of Cyprus. Both companies are part of Delek Group Ltd. (DLEKG.TV). The drilling off Cyprus ignored Turkish warnings that it would retaliate by launching its own explorations in the area. Meanwhile, Noble has already reported large natural-gas reserves at two offshore Israeli fields. In October, Noble posted a surge in third-quarter earnings thanks to climbing oil and gas prices. Its shares were up 0.5% at $96.10 in premarket trading. As of Tuesday's close, the stock was up 11% year to date. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Noble (NBL)
DateTimeHeadline
06/27/201616:33:31Statement of Changes in Beneficial Ownership (4)
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf
06/20/201608:57:00CONE Midstream To Participate In Credit Suisse MLP & Energy Logistics...
06/16/201607:00:00Noble Energy Further Enhances Wells Ranch Position Through DJ...
06/13/201616:15:00Noble Energy to Present at Upcoming Energy Conferences
06/03/201614:25:52Annual Report of Employee Stock Plans (11-k)
06/02/201608:45:00Noble Energy Receives Plan of Development Approval for Leviathan...
05/22/201622:30:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/22/201612:20:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/22/201612:19:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/16/201616:15:00Noble Energy to Present at Upcoming Energy Conference
05/16/201607:10:00Range Resources To Buy Memorial Resource for $3.3 Billion
05/10/201614:46:20Amended Statement of Ownership (sc 13g/a)
05/05/201607:00:00CONE Midstream Reports First Quarter Results
05/04/201611:18:06Quarterly Report (10-q)
05/04/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
05/04/201608:33:00Noble Energy Loss Widens
05/04/201607:58:47Current Report Filing (8-k)
05/04/201607:00:00Noble Energy Announces Solid First Quarter 2016 Results
05/03/201618:14:00Synergy Resources to Acquire Assets From Noble Energy for $505...

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