Globe Exploration (Y.C.D.) Limited Partnership (GOE) is an oil & gas exploration public traded partnership, listed on the Tel Aviv Stock Exchange (TASE) since 2010.
GOE is based on highly skilled management team with extensive operational and management experience enthusiastic to create a profitable, International E&P Company, focusing initially, on the Israeli oil and gas demands.
GOE is focused on operations that will bring value to its shareholders and partners in the current challenging energy markets.
GOE assets currently include two on-shore Licenses in Israel and one on-shore license in Santa Barbara, California, USA.
Globe Exploration (Y.C.D.) Limited Partnership (GOE) was founded in 2009, and is listed on the Tel Aviv Stock Exchange (TASE) as a public Partnership since June 2010. GOE was founded by the late businessman, Yaakov Chai, the geologist- Dr. Baruch Derin and by his son Zvi Derin a skilled promoter, joining them at the early stage the businessmen Mr. Menachem and Gil Sternberg.
Dr. Baruch Derin is one of Israel’s leading Geologists, with 50 years of hands-on experience. During his professional career, Dr. Derin developed a visionary theory of Geological resemblance between the Persian Gulf hydrocarbons producing strata and Israel deep-lying strata. Dr, Derin’s theory was adopted by the industry and it is the professional base of GOE activities in Israel.
GOE had conducted 3 drilling operations in Israel, the last one was successful drilled to 5,950m and is nowadays on hold waiting for extensive production tests.
GOE currently has participation interest in 2 Licenses in Israel – New Ofek and New Yahel licenses.
In 2016, SOA Energy, a British owned Company, joined GOE to its Licenses in Israel.
In 2016, GOE decided to use its know-how and skills beyond Israel boarders and procured 90% working interest of an Oil Lease in Santa Barbara California, USA. The lease is part of the Casmalia oil field which was discovered a century ago and it is producing ever since.