$176-million Yam 3 Well Comes Up Dry

'We're quite disappointed,' says former Israel Defense Chief of Staff Gabi Ashkenazi, who led the drill.

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Shemen Oil Gas, the energy exploration company led by former Israel Defense Forces Chief of Staff Gabi Askenazi, learned on Sunday that its $176-million Yam 3 well, off the coast near Ashkelon, is a dry...