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Delek taps US
The purchase of Elk Resources was funded with credit facilities totalling $100 million (£51 million) provided by the oil and gas team at Bank of Scotland Corporate.
Delek Energy plans to tap and release the value in Elk’s undeveloped oil and gas reserves by investing $90 million (£46 million) to 2010, which will triple oil and gas production at Elk’s sites over the next few years. Elk’s assets comprise three oil and gas fields in the hydrocarbon rich Uinta and
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