Pursuant to the Partnerships' immediate report dated 03.12.2012 (Delek Drilling reference no. 2012-01-298806, Avner's reference no.: 2012-01-298812) regarding the ongoing negotiations with Woodside Petroleum Ltd. ("Woodside") for the sale together with the other partners in the Leviathan project (the "negotiation" and "Leviathan Partners"), of the rights in the Leviathan project in the area of the 349/"Rachel" and 350/"Amit" licenses (the "Leviathan Project"), and towards signing a binding agreement for the sale of rights by the end of February 2013 ("Binding Agreement"), the Partnerships hereby respectfully notify that the negotiation between the Leviathan Partners and Woodside towards signing a Binding Agreement is ongoing. Should a significant development in relation to the abovementioned negotiations take place, the Partnerships will publish an immediate report.

Forward Looking Statement Warning:
The aforementioned information with regard to the negotiation and the possibility of signing the Binding Agreement (if signed) constitutes Forward Looking Information as defined in section 32A of the Securities Law, which there is no certainty that it will be realized, in whole or in part, in the aforementioned manner or in any other manner, and may be realized in a materially different manner, and particularly there is no certainty that a Binding Agreement will be signed, on the aforementioned terms or on other terms. It should also be noted that the execution of the Binding Agreement as aforementioned is subject, inter alia, to completion of due diligence, to completion of the negotiation and receiving approvals of the authorized bodies as required by law, to the extent as required.

The partners in the Leviathan Project and their holdings are as follows:
Noble Energy Mediterranean Ltd.: 39.66%
Delek Drilling - Limited Partnership: 22.67%
Avner Oil Exploration - Limited Partnership: 22.67%
Ratio Oil Exploration (1992) - Limited Partnership: 15.00%