SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report: November 2, 1999
ISRAMCO, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-12500 13-3145265
(State or Other Jurisdiction Commission File IRS Employer
of Incorporation) Number) Identification No.)
1770 St. James Place, Suite 607, Houston, Texas 77056
(Address of Principal Executive Offices)
713-621-3882
(Registrant's Telephone Number, including Area Code)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Isramco, Inc. (the "Company"), the operator of the offshore licenses in
Israel, announced today that the production tests on the "Or 1" well, which is
approximately 20 miles offshore Israel, were completed. The test results reflect
an initial gas production flow rate of 21 million cubic feet a day.
Additionally, the test results suggest that the Or 1 well may be able to produce
gas at a higher flow rate, so long as the well will be prepared for orderly gas
production and lower levels of the well are perforated. Currently, the analysis
of the test results is underway and, upon its completion, a more accurate
estimate of the overall gas production potential can be furnished.
Based on the positive test results received, the decision was taken to
discontinue additional tests on the Or 1 well and to move the drilling rig to
the "Or South 1"drilling site, approximately 4.5 kilometers (approximately 2.8
miles) south of Or 1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 2, 1999 Isramco, Inc.
By: /s/ Haim Tsuff
Haim Tsuff
Chairman of the Board
