Modiin Energy LP (TASE:MDIN.L) announced that Netherland, Sewell & Associates Inc. (NSAI) estimates that the offshore Yam Hadera license has a best estimate of gross recoverable reserves of 133 million barrels of oil and 1.4 trillion cubic feet (TCF) of natural gas, with a geologic probability of success of 25-29%. Modiin owns the Yam Hadera license, which comprises of three formations - Barnea, Shderot, and Zohar - in two sections, the northern and southern closures. The low-end estimate is 49.7 million barrels of oil and the high-end estimate is 343.5 million barrels. The oil and gas are found in Cretaceous strata.
