Shemen Oil & Gas reports signs of gas at Yam 3 well

Shemen Oil and Gas Resources last week announced that "significant signs" of natural gas, and probably also oil, have been found at the Yam-3 well offshore from Ashdod.

The company says that the upper target strata have a thickness of 90 meters, and that they contain "significant signs of hydrocarbons (condensate, natural gas and the possibility of light oil)." (Ynet)