Tel Aviv- Modiin Energy LP, an Israeli company active in the exploration sector, announced yesterday Netherland Sewell & Associates Inc.'s (NSAI) estimates of recoverable reserves in the Yam Hadera offshore concession, 30 kilometres off the coast of Israel between Hadera and Haifa. Estimates reveal the presence of 133 million barrels of oil and 40 billion cubic metres of natural gas, with extraction probabilities at between 25 and 29%. On Wednesday, Modiin is expected to present to the Ministry of Infrastructures its plans to start drilling with an agreement to be signed by the beginning of February