GPT translation20 Jul 2025 11:15
Here is the English translation of the document titled "P1680148-00.pdf" dated July 20, 2025, from Navitas Petroleum Limited Partnership:
---
To:
Israel Securities Authority
via the MAGNA system
To:
Tel Aviv Stock Exchange Ltd.
via the MAGNA system
Subject: Start Date of Oil Production in the Shenandoah Project
Further to the first quarter report published by the Partnership on May 28, 2025, and the update provided on June 30, 2025, the Partnership announces the following regarding the Shenandoah Project (hereinafter: "the Project"), operated by BOE Exploration & Production, LLC:
The operator has informed the Partnership that, due to an extension in the completion of final tests and pipeline connections, the oil production is expected to begin in the coming days.
Forward-Looking Information Warning
The expected start of production in the Project constitutes forward-looking information as defined in the Israeli Securities Law, 1968. This estimate is based on current evaluations by the Project operator and the Partnership as of this date. There is no certainty that the production will indeed begin as expected, as the realization of this information depends on factors not under the Partnership's control, including potential technical delays in completing the required operations for production initiation in oil and gas projects.
Ownership Structure in the Shenandoah Project:
Partner Holding
ShenHai LLC 49%
Beacon Offshore Energy Development LLC 20.05%
HEQ Blue Ridge, LLC 20%
BOE II Exploration LLC 10.95%
---
Sincerely,
Peler Oil and Gas Management Ltd.
General Partner of Navitas Petroleum, Limited Partnership
Amit Kornhauser, CEO and Director
Tamar Rosenberg, CFO
Reference Numbers: 038027-01-2025 and 046690-01-2025
(1) The Partnership
(2) A wholly-owned subsidiary (indirect ownership, 100%)
---
Let me know if you’d like this summarized or formatted for a specific use.