Israel struck oil again today. Heletz Number 11, actually the eighth well dug in the only paying oil field in Israel, came in at a depth of 5,026 feet. Present for the breaking through were Development Minister Mordecai Bentov and a number of members of Parliament.
Five of the eight wells have a daily capacity of 130 barrels each, it was revealed today by Israel Barnea, general director of the Matsada Company, one of the firms involved in the drilling operations. He said the quality was similar to that of other Middle Eastern fields. His company, he announced, is planning to sink 33 wells by the end of 1957, which should add up to an annual output of 200,000 tons.
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