Gotta love this-
"An Israeli oil prospecting and production firm announced it has struck a commercial amount of the black substance in central Israel, Army Radio reported on Wednesday.
Givot Olam Oil Ltd notified the Tel Aviv Stock Exchange of the find in its “Megev Five” drill near the town of Rosh Ha’ayin, saying it can produce 470 barrels of oil a day.
The Industry, Trade and Labor Ministry said in response that the ministry’s head of oil affairs had not yet received the relevant test results, thus preventing it from declaring a commercial amount of oil.
The prospected find comes in the wake of an unrepresented amount of natural resources being discovered in Israel in recent months.
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