You worked on a legislative initiative stipulating

You worked on a legislative initiative stipulating Look, what stirred me to act on this legislative initiative is the example of the unclear announcements made by Givat Olam [the company, concerning Megged 5]. As a professional, it seems to me that the time has come to put in place procedures on issuing reports - for example, when there are production tests, there should be no requirement of reporting until it is entirely clear what has or has not been found.

When the last report by Givat Olam was written by a lawyer, and not a professional, that, I think, was very strange. I hope a law will be passed defining what oil exploration companies must report, how they should report and what cannot be reported. Such a law would preempt confusion among investors.

[In recent years, Langotsky has been a partner in the company STX, along with businessman Benny Steinmetz. In this capacity, he initiated natural gas drilling off the Hadera coast (Dalit 1 ) and the Haifa coast (Tamar 1 ). STX held an option for 5 percent of the rights of the findings, but at Steinmetz's initiative the consortium pulled out, just a few months before the drilling at Tamar 1 yielded promising commercial amounts of gas.