TSX.V: ADL

Corporate PresentationAugust 2011

A TSX-V Listed Oil and Gas Company

Focused on Onshore and Offshore Israel

TSX.V: ADL

Forward Looking Statements

CAUTIONARY STATEMENT REGARDING FORWARDING-LOOKING INFORMATION

Except for statements of historical fact relating to Adira Energy Ltd., Adira Energy Israel Ltd., Adira Energy Israel Services Ltd., Adira Oil Technologies Ltd., Adira Geo

Global Ltd. ("Corporations”), certain information contained herein, including statements regarding the volume of well's natural gas reserves constitutes "forward-looking

statements" within the meaning of the United States Private Litigation Reform Act of 1995 or "forward-looking information" within the meaning of the Securities Act

(Ontario) or Forward Looking Statements as defined under the Israel Securities' Law. Forward-looking statements are frequently characterized by words such as

"target,” "plan,” "expect,” "project,” "intend,” “believe,” "anticipate," and other similar words or statements that certain events or conditions "may" or "will" occur. Forward-

looking statements are based on the opinions and estimates of management or advisors at the date the statements are made and are subject to a variety of risks,

uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The factors include

the inherent risks involved in the exploration and development of oil and gas properties, the uncertainties involved in interpreting drilling and seismic results and other

geological data, fluctuating oil and gas prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and

costs of financing needed in the future, the uncertainties inherent to conducting business in Israel, the availability of supplies, unexpected adverse climate conditions,

the reliance on only a few key members of management, and other factors. The Corporation undertakes no obligation to update forward looking statements, if

circumstances or advisor or management estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

DISCLAIMER

The information contained in this presentation is confidential and for internal use only. The contents are not to be reproduced or distributed to investors, the public or

press. The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents

of this documentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein.

Estimates are based on geological, geophysical and other estimates received from third parties and/or advisors and serve, at this time, only as estimates whereby there

is no certainty, as of yet, with regards them. No information contained in this presentation is compliant with NI-Policy 51-101 requirements. The Corporations have not

conducted estimates or independent evaluations of the said estimates. Any estimates are expected to be updated as additional information is accumulated, including as

a result of the continued analysis of the well proceeds, the conduction of production tests and the conduction of validation drilling, should they be conducted, and\or as a

results of a variety of factors related to projects searching for, and producing, natural gas.

None of the Corporations or any of the individuals associated thereto have independently confirmed or verified the information contained in this presentation. The

reader should take all reasonable actions to satisfy itself as to the accuracy of the information contained in the document.

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TSX.V: ADL

Adira Energy- Israel Opportunity

Newly Discovered Oil & Gas Basin- Offshore Israel

• First Israeli-based TSX.V listed company with pure & exclusive exposure to the recent Israeli offshore gas discoveries

• Working interest and operator of three offshore licenses and one onshore license

• Sufficiently capitalized with funds to complete exploration through to pre-drilling

• Strong shareholder base with access to additional capital

• Indication of resource potential, both onshore and offshore

• Carefully managed exploration strategy

• 3D geophysics now complete on two licenses; 3D in process for 3rd license

• Established Tel Aviv office, fully staffed with local infrastructure

• TSX-V listed with Toronto office and executive presence

• World class technical leadership and support team

• Experienced and professional Board of Directors

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TSX.V: ADL

Board of Directors

• Dennis Bennie - Chairman, Independent DirectorCo-Founder Adira Energy. Founder and CEO of XDL Capital; Co-founder, Former Chairman and CEO of Delrina Corporation; former

Chairperson of Canada Israel Political Affairs Committee (CJPAC).

• Eli Barkat - Independent DirectorChairman and Co-founder of BRM, a recognized figure in the Israeli business community, with more than 20 years of entrepreneurial,

investment and business management experience.

• Sheldon Inwentash - Independent DirectorChairman and CEO of Brownstone Energy. More than 20 years of experience in the investment industry and a deep understanding of

progressive investment and financial management strategies. A Chartered Accountant, Mr. Inwentash is also the Chairman and CEO of

Pinetree Capital Ltd., a Canadian investment company with a portfolio of investments primarily in the resource and energy sectors.

• Yael Reznik Cramer - Independent DirectorVP Business Development of BRM Group, (major shareholder of Adira Energy). Currently sits on the boards of Backweb and Schema. She is a

Certified Public Accountant in Israel and holds a B.A degree in Accounting and Economics from the Hebrew University in Jerusalem and an

MBA from Tel-Aviv University.

• Alan Friedman - Executive Vice President - Corporate Development, DirectorCo-Founder Adira Energy. Senior roles in resource public market sector and emerging markets covering acquisitions, disposals, financings and

investor communications. Over the past 10 years, has managed or facilitated numerous successful going public transactions (IPO & RTO) on

TSX and TSX-V as well as facilitation of financings in excess of $100m. Various roles in TSX companies including Afriore Ltd., Talon Metals

Corp. and Auryx Gold Corp.

• Colin Kinley – Senior Advisor, DirectorColin has 30 years of international resource exploration and development expertise. Founding member of Layne Energy and for 27 years

Senior VP of Layne Christensen Company (NASDAQ). Key contributor to Layne’s significant growth from $4 to $58/share. Kinley has spent his

career in integrated energy project execution and has a keen sense of resource economics. Most recently, as CEO of Saber Energy,

established over 40TCF Gas in Place in Botswana. Responsible for the establishment of multiple frontier resource exploration plays and

developments.

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TSX.V: ADL

Management & Advisors

• Hezi Kugler- CEO

Hezi has extensive experience in the energy infrastructure field in general and in Israel’s hydrocarbons market in particular. Prior to his position as Director General

of Israel’s Ministry of National Infrastructures from 2006 – 2009, he was a leading project finance lawyer on major projects in the energy and water sectors in

Israel. During his tenure as Director General, he was responsible for overseeing Israel’s power sector and oil and gas exploration and development on behalf of the

government. Mr. Kugler led Israel’s negotiations with BG on development of the Gaza Marine natural gas reservoir off shore from Israel / the Palestinian Authority;

he initiated Israel’s first LNG project and served as co-chairman of the government tender committee; he supervised closely development of Israel’s natural gas

transmission system; and was responsible for development of Israel’s oil and LPG imports networks carried out through government-owned companies under his

supervision. He holds a BA in Political Science from Bar-Ilan University and an LLB from Tel-Aviv University.

• Gadi Levin- Chief Financial Officer

Gadi is a chartered accountant with many years of experience in the public and private equity markets. His experience spans multiple jurisdictions including South

Africa, England and Israel. He has a Bachelor of Commerce degree in Accounting and Information Systems, has received his Chartered Accountant designation in

South Africa and has an MBA from Bar Ilan University in Israel.

• Alan Friedman - Executive Vice President - Corporate Development, DirectorCo-Founder Adira Energy. Senior roles in resource public market sector and emerging markets covering acquisitions, disposals, financings and investor

communications. Over the past 10 years, has managed or facilitated numerous successful going public transactions (IPO & RTO) on TSX and TSX-V as well as

facilitation of financings in excess of $100m. Various roles in TSX companies including Afriore Ltd., Talon Metals Corp. and Auryx Gold Corp.

• Glen Perry - Vice President Exploration

Glen has 40 years of exploration and development experience, specialized in drilling operations and project execution. Masters in Petroleum Engineering. Served as

a Director, COO and President of Zion Oil and Gas in Israel. Prior experience includes; Consultant to Delek Drilling; Director of National Petroleum; Executive with

Prairie Producing Company, Exxon and Energy Reserves Group.

• Moshe Politi - Chief GeologistMoshe has 39 years of experience, specializing in the integration of multi-disciplinary aspects and methodologies of geology and geophysics into viable prospects in

various environments: onshore, offshore, shallow and deep prospects, structurally complex (overthrust) and stratigraphic plays. Moshe received his Bachelor and

Master Degrees in Geology from The Hebrew University in Jerusalem and is currently engaged in his PhD studies in Jerusalem.

• Colin Kinley – Senior Advisor, DirectorColin Has 30 years of international resource exploration and development expertise. Founding member of Layne Energy and for 27 years Senior VP of Layne

Christensen Company (NASDAQ). Key contributor to Layne’s significant growth from $4 to $58/share. Kinley has spent his career in integrated energy project

execution and has a keen sense of resource economics. Most recently, as CEO of Saber Energy, established over 40 TCF Gas in Place in Botswana. Responsible

for the establishment of multiple frontier resource exploration plays and developments.

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TSX.V: ADLIsrael Petroleum Licenses

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TSX.V: ADL

Key Discoveries & Prospects, Israel

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MARI- B

Initial reserves

Timeline

Annual Production Capacity

Participants

Operator

35BCM (1.2TCF, 213mmboe)

Operational since 2004, expected depletion in 2013

3-4BCM

Delek Drilling (25.5%), Avner (23%), Delek Group (4.4%), Noble Energy (47.1%)

NOBEL Energy

TAMAR

Resource

Discovery Date

Expected start-up

Expected peak gas production (Phase 1)

Total Depth

Participants

Operator

8.7 TCF (1.45boe)

Feb-09

2013

1,000-1200MMCF/day

5,000m

Delek Drilling (15.5%), Avner (15.6%), Noble Energy (36%), Isramco (28.8%), Dor Gas (4%)

NOBEL Energy

LEVIATHAN- Gas

Resource

Discovery Date

Total Depth

Participants

Operator

16TCF (2.9boe)

Dec-10

17% (estimated)

Delek Drilling (22.7%), Avner (22.7%), Noble Energy (39.7%), Ratio (15%)

NOBEL Energy

*LEVIATHAN-Oil

Resource 1

Depth

Probability

Resource 2

Total Depth

Probability

3bn Barrels (expected)

5,800m

17% (Estimated)

1.2bn Barrels (expected)

7,200m

8% (estimated)

*SARA & MYRA

Resource 1

Depth

Probability

Resource 2

Total Depth

Probability

Gas 6.5 TCF

3,700m

Mean value, NSAI report

Oil 150 MMBL

5,500m

Mean value, NSAI report

*SHEMEN

Resource 1

Depth

Probability

Resource 2

Total Depth

Probability

Oil: Bravo 127 MMBBL; Yam 142 MMBBL

5,700m

Mean value, NSAI report

Gas: Bravo 1.65 TCF ; Yam 2.8 TCF; Other 41.1BCF

3,000m

Mean value, NSAI report

* Resource not proven

TSX.V: ADL

Yitzhak (31,629 Acres) - Offshore

Target: Oil Jurassic - Fractured Carbonates: 4,600m

Exploration: 129 Km 3D completed Jan 2011

Drilling: Shallow water 140 to 200 meters

Gabriella (96,371 Acres) - Offshore

Target: Oil Jurassic Fractured Carbonates: 4,900m

Exploration: 511 Km Dual Axis 3D completed Jan 2011

Drilling: Shallow water 140 to 200 meters

Samuel (89,205 Acres) - Offshore

Target: Oil Lower Cretaceous Carbonates

Target: Gas Plio/Pleistocene, Oligo/Miocene, Turbidites Canyon Sands: 2,000m

Exploration: 45 Km2 3D (OBC) to be completed July 2011

Drilling: Shallow water 40 to 100 meters

Eitan (31,060 Acres) - Onshore Hula Valley Target: Gas Pleistocene Sands, Lumachelle Conglomerates: 200m

Target: Gas CBM - Lignite and Sub-Bituminous Coal, 40m thickness @ 600m

Target: Gas CBM – Sub-Bituminous Coal, 20m thickness @ 1,000m

Exploration: 42 previously drilled wells (5 BCF Pr,2P 40BCF)*Not NI-51Compliant

Drilling: Wheeled access (Company owned rig)

License Overview: Offshore & Onshore Israel

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TSX.V: ADL

Gabriella License – Offshore(96,371 Acres)

Target: Oil Jurassic Fractured Carbonates: 4,900m

Exploration: 511 Km Dual Azimuth 3D completed Jan 2011 by Adira (Western

Geco), Processing underway by CGG Veritas

Resource Report: Currently underway by Gustavson Associates

Prior Drilling: Yam Yafo-1 Well was drilled in 90’s to 5,823m and tested 500 bpd

oil (44-47 API). Technical and financial challenges prevented

commercial production.

Drilling: Shallow water 120 to 200 meters. Jack-Up or Floater

Operator: Adira Energy

Working Interest: 15%, plus 15% back-in option from Modiin Energy upon

discovery, at cost

Partners: Brownstone Energy 15%, Modiin Energy 70%

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TSX.V: ADL

Yitzhak License – Offshore(31,689 Acres)Target: Oil Mid Jurassic - Fractured Carbonates: 4,600m

Exploration: 129 Km 3D completed Jan 2011 by Adira (Western Geco), processing underway by CGG Veritas

Resource Report: Currently underway by Gustavson Associates

Prior Drilling: Delta-1 Well drilled (off structure) in 1970’s to 4,423m, TD in Upper Jurassic above where oil encountered in

Mid Jurassic (Yam Yaffo1 and Yam 2)

Bathonian (Zohar formation) tested for oil in Yam Yafo-1 (4,890m – 4,995m) and Yam-2 Well (5,315m)

interesting & significant structural high

Drilling: Shallow water 140 to 200 meters. Jack-Up or Floater

Operator: Adira Energy

Working Interest: 85%

Partners: Brownstone Energy 15%

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TSX.V: ADL

Gabriella & Yitzhak Structures

Gabriella

Structure

Yitzhak

Structure

Yitzhak

East Mediterranean Structural Ridge

TSX.V: ADL

Samuel License – Offshore(89,205 Acres)

Target: Oil Lower Cretaceous Carbonates at 3,200m

Target: Gas Plio/Pleistocene, Oligo/Miocene, Turbidites, Canyon Filled Sands: 2,000m

Exploration: 45 Km2 3D OBC (Ongoing) (ARIS Nefterazvedka) Existing 2D indicates

presence of DHI

Processing: Ongoing-IOX-CXT

Prior Drilling: Yam-2 Well immediately west tested oil in Jurassic, Ashdod oil field in

Jurassic, Heletz oil field (Lower Cretaceous)

Drilling: Shallow water 40 to 100 meters

Operator: Adira GeoGlobal (Adira Lead)

Working Interest: 38.25%

Partners: Brownstone Energy 6.75%, Pinetree Capital 10%,

GeoGlobal Resources 45%

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DHIA

A

B

B

TSX.V: ADL

Target: Gas Conventional Gas: Pleistocene Sands, Lumachelle Conglomerates: 200m

Target: Gas Unconventional Gas: Pleistocene, Lignite and Sub- Bituminous Coal, 40m thickness @

600m and Bituminous Coal, 20m thickness @ 1,000m

Exploration: 5 BCF Proven and Probable (2P) and 40 BCF 3P – Not NI-51 Compliant, 143 Km 2D

Seismic – Reprocessed coring and testing currently underway

Prior Drilling: 42 previously drilled wells, Coal prior tested at 200 scft

Drilling: Wheeled access (Company owned rig)

Operator: Adira Energy

Working Interest: 100%

Eitan License- Onshore, Hula Valley(31,060 Acres)

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TSX.V: ADL

Risk Reduction Seismic Operations by Multi-Tier Professional Quality Control

InterpretationProcessingAcquisition

Adira Energy internal professional team and advisorsDesign &

management

Adira Energy teamMonarch Geophysical Services – QA/QCQC

Adira Energy team

Gustavson – Colorado

Netherland Sewell &

Associates - Houston

Western Geco – “Quick look”

CGG/Veritas – main and advanced

processing

Western Geco – 3DGabriela &

Yitzhak

ION-GXT (start end of July)ARIS – 3D (OBC)Samuel

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TSX.V: ADL

Adira Energy Technical Targets & Guidance

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Gabriella

License

Yitzhak

License

Samuel

License

Acquired existing 2D seismic data,

reprocessed and evaluated

Complete preliminary detailed resource report

& submit to Israeli Government

Complete “Quick look” processing

Western Geco

Not Applicable

Complete 3D Survey

Evaluation of prospects for drilling targets

Underway Underway Underway

Detailed Drilling Planning: Prioritized by

prospect & commodity delivery Underway Underway Underway

Complete resource evaluation and risking

from fast track processing Ongoing Ongoing Ongoing

Processing (main & advanced)Ongoing- CGG Veritas Ongoing- CGG Veritas Ongoing- IOX-CXT

Strategic selection & leveraged participation

in new license/permit applications Ongoing Ongoing Ongoing

Processing 3D and incorporation into

Hydrocarbon Potential Reports Planned Planned Planned

Procure drilling contractor, supplies/services Expected Mid- 2012 Expected Mid- 2012 Expected Mid- 2012

First wellQ4 2012- Drilling Expected to Commence – 3 Wells to be Drilled Consecutively

TSX.V: ADL

Strategy – Shallow Targets

Lower Risk Offshore Drilling • Target shallow water bench drilling

• Lower drilling costs vs. competitive deep water exploration in the region

• Operate at less than 1/3 the cost of deep water rigs drilling in Israeli waters

• Correspondingly AFE’s and risk are lower

High Resource Potential – Oil and Gas• Strategic selection of licenses with proven, prior analogous production and exploration

• 2D and now 3D seismic has already been completed on Gabriella and Yitzhak

• 2D complete on Samuel, and 3D complete by end July 2011

Lower Infrastructure Costs – Near Market• Yitzhak and Gabriella both offer significant oil targets that can be exploited at a fraction of

costs vs. deep water - increasing netbacks to interest holders

• Gas targets on Samuel are below current pipeline infrastructure

• Deliveries to market has less operational, environmental & financial risk vs. deep water

targets. Delivery to market before deep water developments is achievable

Economic Focus • Oil from shallow well locations are more economically viable than deep water wells

• Shallow gas targets on Samuel said to have better economics/molecule than deep water

• Deep water gas have higher infrastructure costs, high pressure & highly technical delivery

parameters & long time delivery market

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Capitalizing on Israel’s Immediate Demand for O&G

TSX.V: ADL

License Partners

Brownstone Energy Inc:

A Canadian-based, TSX-V listed, energy-focused company with direct interests in oil and gas assets around

the world. Brownstone has the right, subject to certain conditions, to earn a 15% Working Interest in Adira’s

offshore blocks for three years.

Pinetree Capital Ltd:

A Canadian-based TSX listed diversified investment, financial advisory and merchant banking firm focused

on investing in early stage resource companies. Pinetree has a 10% Working Interest in the Samuel block.

GeoGlobal Resources Inc:

GGR is an AMEX listed, Canadian- based resources and operating company engaged in the exploration for

and development of petroleum and natural gas reserves internationally. GGR has a 45% Working Interest in

the Samuel block.

Modiin Energy LP/GP:

A substantial Tel Aviv- based oil and gas investment group. Modiin has farmed-in a 70% interest in the

Gabriella License. Modiin carried Adira for the first US$8 million in exploration funding on Gabriella. Adira

has a back-in option from Modiin of 15% of the Modiin working interest at cost, for a period of six months

after a discovery.

Adira operating royalty from Modiin of 3.75% for 24 months, increasing to 4.25% thereafter

Combined (ORRI ) royalty of 4.5%, increases to 10.5% after cost recovery

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TSX.V: ADL

Israel Oil & Gas Demand/Supply

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Figure 1: Gas supply from Mari B, Tamar, Leviathan; Israeli gas demand Figure 2: Israeli oil demand largely met by imports

Source: UBS

TSX.V: ADL

Adira Energy - TXS.V: ADL(OCTBB-US – ADENF, Frankfurt – AORLB8)

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Capital Structure, June 2011

Shares Issued & Outstanding 101.2M

Warrants 19.5M

ESOP 8.9M

Fully Diluted Shares 129.6M

Financings to DateProceeds

Sept 2009◦ 8.0m units at $0.25 (half warrant at $0.50)

◦ Warrants expire August 31, 2011$2.5M USD

Nov 2010◦ 27.5m units at $0.40 (half warrant at $0.55)

◦ Warrants expire December 2013$11M USD

Feb 2011 ◦ 10.5m shares at $0.62 $6.5M CAN

TSX.V: ADL

Why Adira Energy?

• Significant License Portfolio

• World Class Technical Expertise

• TSX-V Listed: Access to Global Capital

• Local Israeli Operations Office and Team

• Strong Technical and Financial Partners

Unique Opportunity to Participate in Significant New Israeli Oil & Gas Discovery

Fields.

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TSX.V: ADL

Contact Information

Corporate Office:

Canada

120 Adelaide Street West, Suite 1204

Toronto, Ontario

M5H 1T1

Israel Office:

12 Abba Hillel Silver, 12th Floor

Ramat Gan, 52506

Canada:

Alan Friedman

Exec. Vice President, Corporate Development

+1 416 250 1955

Julia Maxwell

Manager, Investor Relations

info@adiraenergy.com

+1 416 361 2211

Israel:

Gadi Levin

Chief Financial Officer

+972 (0) 3 373 0166

www.adiraenergy.com 21

TSX.V: ADL

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Appendices

TSX.V: ADL

Appendix 1

Israel: Economic Miracle in the Middle East

Financial Stability:

• 2010: Israel accepted as a full member of the Organization for Economic Cooperation (OECD)

• Israel reclassified as a DEVELOPED market by MSCI

• Ranked highest in the region on the World Bank's Ease of Doing Business Index as well as in theWorld Economic Forum's Global Competitiveness Report

• Second-largest number of start-up companies in the world (after the United States)

• Largest number of NASDAQ listed companies outside North America

• Global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisiswith solid fundamentals - following years of prudent fiscal policy and a series of liberalizing reforms*CIA Intelligence Report

Fiscal Strength:

Standard and Poor's Foreign currency sovereign credit - “A”, Long-term local currency rating to - “AA”

• Inflation: 4.1% for the last 12 months *Bank of Israel – July 2011

• Growth: Estimated at 5.2% in 2010 and 3.8% in 2011 *Bank of Israel – July 2011

• Employment : Estimated at 5.8% Unemployment in 2011 *Bank of Israel – July 2011

• Land: 22,100 Sq. Km *2009 OCDE

• Population: 7.3 Million *2009 OCDE

• GDP: Growth 4% in 2008, Grew by 0.5% in 2009 Expected to expand in 2010. DP is 45%Exports. *CIA Intelligence Report

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Appendix 2

Cross Section of The Levant Basin

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• Located off Israel's Mediterranean coast, encompasses an area of 83,000 square km with

waters up to 1,700m deep, and mostly within Israeli territorial waters

• The first commercially viable discovery in Israel was made in 1999 with the Noa/Mari B fields

(Yam Tethys partnership) and began production in 2004

Schematic of subsurface showing the Tamar and Leviathan discoveries

SE

TSX.V: ADL

Appendix 3

Capitalizing on Undiscovered Potential: Levant Basin

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TSX.V: ADL

Appendix 4

Current Oil & Gas Production Israel• Heletz Oil Field - During the 1950’s, Israel discovered this on-shore field. Over the past 50 years it has produced cumulative 20

million barrels of Oil. It is essentially fully depleted.

• Yam Tetis Field - The country’s only current domestic gas source. The Ministry of Infrastructure expects it to be fully depleted in

the next decade. The field’s .85 TCF was the largest find in the country, before Tamar.

• EMG Consortium - An agreement for gas from Egypt to Israel provides for the sale of 1.7 billion cubic meters of gas per year,

representing 20% of Israeli electricity current consumption ($5.50 - $5.75) per MMBt.

• Tamar (January 2009). Delek/Noble Energy (NYSE: NBL) Consortium made a significant discovery of natural gas (approx. 8.4

TCF) off Haifa. This is a world-class discovery and as such has created increased drilling activity and significant investor interest in

the region.

• Dalit (March 2009). Following Tamar, a second natural gas discovery offshore Israel identified more than 110 feet of net pay

approx. 0.5 TCF). With the successes at Tamar and Dalit, a potentially substantial new resource basin with large remaining

exploration potential opened up. Additional 3D in the area in the second half of 2009 with potential for additional targets. Dalit is

situated approx. 55 km northwest of Gabriella and 45km northwest of Yitzhak.

• Leviathan (December 2010). Nobel recently announced the Leviathan gas discovery, West of Tamar, estimated at over 16 TCF of

gas. The well halted for additional liner casing as it is being deepened for potential deeper oil targets. Leviathan is the largest gas

discovery ever in Israel, and the largest offshore gas discovery in the world over the past decade.

• Mari – B (Production in 2003)

First meaningful discovery was made in 1999, in the Yam Tethys field, which comprises the “Mari B” and “Noa” reserves. Located

off Israel’s southern coast, the field originally had estimated reserves of perhaps 35bcm or 1.24 TCF. Gas started flowing in 2004

(via a 42km pipeline to the southern coastal town of Ashdod) and annual production capacity is currently around 3.6 BCM, or 60%

of Israel’s natural gas requirements. In December 2010, Mari B had remaining reserves of 10.4 BCM. Mari B is expected to be

depleted in 2013.

Israel Recent Discoveries

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