Oil & gas exploration limited partnership.
Israel Opportunity remains a listed option on Yishai and Aphrodite, but after 2025 and the February 2026 unit issuance the upside has to be assessed against a smaller cash cushion, books with almost no energy asset, and a much wider unit base.
Israel Opportunity ended 2025 with enough liquidity to fund a few more years of waiting, but the box is eroding at a meaningful pace and the business is not self-funding. The right reading runs through total liquidity rather than only the cash line, and the burn sits overwhelmin…
Israel Opportunity is trading on an unusually wide gap between economic value disclosed in the directors’ report and accounting books that still hold mainly cash, balances, and collateral, with almost no booked petroleum asset.
The royalty overhang is gone, but after the issuance of 11.319 million participation units to the general partner the public unit now captures only 79.1% of the tradable equity base, so all future upside has to be modeled on a smaller ownership share.
