JERUSALEM–Israeli energy exploration company Givot Olam Oil Exploration Ltd. Partnership (GIVOL.TV) said Monday oil flowed to the surface during drilling at its well in central Israel. The flow of oil, at about five barrels a minute, doesn’t change expectations of the amount of reserves in its Meged field, Givot Olam said. The company said in its most recent estimates that the field may contain up to 7.8 million barrels of oil. Givot Olam was founded by Jewish geologist Tovia Luskin, who claims that the Bible promises oil will be found in Israel. The company began looking for oil in Israel in 1992 and discovered the Meged reserve in 2004. Although significant quantities of oil haven’t previously been found in Israel, in recent years large, commercially viable quantities of natural gas have been discovered offshore Israel. Increased production from those natural […]