Cohen Development Gas & Oil Ltd
TASE:CDEV
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Cohen Development Gas & Oil Ltd
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Cohen Development Gas & Oil Ltd
Cohen Development Gas & Oil Ltd is an oil and gas exploration and development company. It looks for underground petroleum and natural gas resources, helps drill and develop wells, and, when projects succeed, brings those hydrocarbons into production. In simple terms, it is an upstream energy business: it works at the start of the oil and gas supply chain, before fuel is refined or delivered to end users. The company makes money mainly by selling the crude oil or natural gas produced from its properties, either directly or through partners in joint projects. Its customers are usually energy buyers such as refiners, gas marketers, utilities, and industrial users, depending on the field and the product. A business like this can also earn value from ownership interests in licenses or project partnerships, where it shares in the output and cash flow from successful wells. What makes this kind of company different is that its results depend on geology, drilling success, and the quality of the assets it controls. Unlike a pipeline or fuel retailer, it does not earn steady fees from moving or selling other people's product; it takes on the risk of finding and producing its own reserves. That makes it a classic resource company whose value is tied to the long-term ability to discover, develop, and sell energy from the ground.
Cohen Development Gas & Oil Ltd is an oil and gas exploration and development company. It looks for underground petroleum and natural gas resources, helps drill and develop wells, and, when projects succeed, brings those hydrocarbons into production. In simple terms, it is an upstream energy business: it works at the start of the oil and gas supply chain, before fuel is refined or delivered to end users.
The company makes money mainly by selling the crude oil or natural gas produced from its properties, either directly or through partners in joint projects. Its customers are usually energy buyers such as refiners, gas marketers, utilities, and industrial users, depending on the field and the product. A business like this can also earn value from ownership interests in licenses or project partnerships, where it shares in the output and cash flow from successful wells.
What makes this kind of company different is that its results depend on geology, drilling success, and the quality of the assets it controls. Unlike a pipeline or fuel retailer, it does not earn steady fees from moving or selling other people's product; it takes on the risk of finding and producing its own reserves. That makes it a classic resource company whose value is tied to the long-term ability to discover, develop, and sell energy from the ground.
