Brownstone Receives Drilling Extensions in Israel Fields

Brownstone Energy Inc. announced that is has been advised that the Ministry of Energy and Water of the State of Israel has granted an extension of the dates for the execution of a drilling contract and the spudding of the first well on the Gabriella and Yitzhak licences offshore. The date for the submission of the environmental study was brought forward, and Brownstone has been advised by its partners that they believe they are able to submit the study within the timeline.

Brownstone Energy holds a Working Interest of 15% in each of the Gabriella and Yitzhak licenses.

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