Tomer Energy Royalties 2012 Ltd. (TOEN)

Overview

Tomer Energy Royalties (2012) Ltd operates as a special-purpose yield company, engaging in the financial operations within the energy sector, specifically in the royalties from oil and gas productions in Israel. Originally established as Delek Royalties (2012) Ltd, the company underwent a rebranding to Tomer Energy Royalties (2012) Ltd in June 2021. Its business model focuses on acquiring overriding royalty interests in oil and gas companies and projects, including significant ventures like the Tamar Reservoir project. This strategic position allows Tomer Energy Royalties to benefit from the energy sector's performance without being directly involved in the extraction or production processes. Founded in 2012, the company is headquartered in Petah Tikva, Israel, indicating its central role in the Israeli energy market's financial mechanisms.

Products and Services

• Overriding Royalties in Oil and Gas

Tomer Energy Royalties specializes in holding overriding royalty interests across various oil and gas companies in Israel. This means the company earns a percentage of the gross production or revenue from the oil and gas extracted, without bearing the operational costs associated with exploration, drilling, or production. This financial instrument allows investors to gain exposure to the energy sector's profitability, particularly the lucrative oil and gas segment.

• Royalties from the Tamar Reservoir Project

The company also has significant involvement in the Tamar Reservoir project, one of the largest natural gas discoveries off the coast of Israel. By holding rights to receive royalties from this project, Tomer Energy Royalties taps into a major revenue stream resulting from natural gas production. This engagement leverages the increasing importance of natural gas as a cleaner energy source and contributes to the company's diversified portfolio of income-generating assets in the energy sector.