While in Cyprus and in Greece there are still many who can not believe that we actually have natural gas, the companies themselves who are responsible for the extraction of the gas field of Venus, are coming to upgrade their estimates of the deposits. The Delek and Avner oil companies, each of which have 15% of the shares of the joint venture with Noble, came to now officially supplement the data regarding the deposits.
So their estimate increased by 12% and we have moved from 4.1 to 4.54 trillion cubic feet of natural gas. This of course is a new defeat for the defeatist who can not withstand the positive results of Hellenism. Additionally, we should also note that, the estimates for plot 12, where the Venus deposit is situated, will compulsorily follow an upward trend, since two more small deposits have been found, which in total correspond to another Venus deposit. This practically means that, the value of plot 12 rises compulsorily, irrespective of any views we’ve heard from irelavent specialists, who are always trying to reduce the value of the data when their going gets tough.
The new situation, due to these assessments, alters the prospects of the Eastern Mediterranean area, where it is now confirmed that there are indeed deposits of large economic value, and that, in a relatively small area compared to the wider global factor. Therefore, the position of Cyprus is enhanced, especially at the time of the negotiations with Greece and Egypt after the benefits of the tripartite in Cairo