Modiin Energy- Limited Partnership (TASE:MDIN.L) agreed to acquire 25% stake in Oil Exploitation License Rights in an Oil Well in England for $0.175 million on January 22, 2017. As part of the deal, the seller will continue to serve as operator and retain the remaining rights while Modiin will pay a third of the costs associated with the first drill in the site. The deal is conditioned on completion of due diligence by Modiin and the signing of an operating agreement with the seller.