J.O.E.L. Jerusalem Oil Exploration Ltd. is an Israel-based company engaged directly and through its subsidiaries in four areas of activity: residential construction, property investment and management, oil and gas exploration, and the hotel industry. It's residential construction activities are carried out through the Nitzba Group. In the property investment and management sector, the Company is involved with the initiation, design, development and purchase of income-yield properties in Israel, France, Czech Republic, Hungary and Germany. Through Nephta Group, the Company is active in oil and gas exploration, which involves explorations in Israel and the United States, and includes approximately 700 explorations. In addition, during 2009, J.O.E.L. Jerusalem Oil Exploration Ltd. started a new area of activity in the hotel industry, where it identifies, constructs and manages hotels in Europe, United States and Israel.