Adira Energy Inc

Adira Energy Ltd. is an energy company which focuses on exploring for oil and gas offshore in the East Mediterranean. Adira is one of the only TSX.V listed companies with pure, exclusive exposure to the oil & gas discoveries in the region. The Company has working interest and is the operator of three petroleum exploration licenses offshore Israel; the Gabriella, Yitzhak and Samuel Licenses. All of the licenses are close to existing infrastructure, near shore and development is technically routine. The Company follows a disciplined growth strategy to capitalize on the undiscovered oil and gas potential of the East Mediterranean which currently hosts the two largest gas deposits worldwide of the decade.

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FRANKFURT: AORLB8; OTCBB: AMGO VANCOUVER, Sept 1 /CNW/ - AMG OIL LTD (OTCBB: AMGO; FRANKFURT: AORLB8) (the "Company") is pleased to announce that it has completed the previously announced business...