An American geologist who claims to have been right 22 times out of 22 when advising prospectors where to drill for oil has picked two sites in Israel where he is confident oil will be found.
Dr. Rex Peterson, 48, president of the Satellite Oil Research and Development Corporation and lecturer at the University of Nebraska, spent 12 years developing his method of interpreting satellite pictures of the earn’s structure, mainly structural faults.
After extensive work in Israel, including ground work on the basis of his satellite data interpretation, he has now told the Harav Investment and Development Company to drill at two spots in the Kiryat Gat area. The company, established by Dr. Robert Moses, of Ontario, has been granted a drilling concession for a 13,000 square mile area. It will be joined in the venture by the Overland Dome Petroleum Company and the Global Oil Company in searching for oil and gas in Israel.
Israel is the first country outside the U.S. where Peterson has used his new technique.
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