The Israel Oil Prospectors Company reported today bringing in a gusher in the northernmost part of the Heletz oil fields.
Company officials said the oil strike indicated that the oil fields extend to the north as well as to the south. They said that before Heletz No. 25 gushed oil to 100 feet, it had been assumed that the oil field extended only to the south.
The new well was found at 5,000 feet. Initial tests indicated that there would be no need to pump the well because there is enough gas to force it to the surface. Efforts to find deeper oil layers in the field will be made in the next few days. The Heletz field now yields about 110,000 tons of oil annually from 23 wells.
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