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ISRAMCO REPORTS ON NEGOTIATIONS FOR OFFSHORE DRILLING RIG

 NEW YORK, Oct. 29 /PRNewswire/ -- Isramco, Inc. (NASDAQ: ISRL) reported today that as a result of on-going negotiations with the drilling contractor for an offshore rig to drill the Yam-Yafo 1 well in the Med Tel Aviv license off the coast of Israel in the Mediterranean Sea, the Ministry of Energy had agreed to a request by the company to delay the signing of a drilling contract up to Nov. 15, 1993. The company said that an announcement will be made when the contract is signed.
 -0- 10/29/93
 /CONTACT: David Malkin, corporate secretary of Isramco, 212-486-8615, or John Swanson of Swanson Communications, Inc., 212-683-4890/
 (ISRL)


CO: Isramco, Inc. ST: New York IN: OIL SU:

CK-TA -- NY051 -- 8514 10/29/93 12:23 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:125
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