AMPL's only valuable stake at risk: $0.28 today! Ampal-American Israel confirms explosion in Egyptian National Grid in Sinai; extent of damage to GASCO's pipeline and estimated repair period is unknown (AMPL) 0.28 +0.02 : announced today that it has been advised by East Mediterranean Gas in which Ampal has a 12.5% interest, that last night there was an explosion along the Egyptian gas pipeline, approximately 10 kilometers (about 6 miles) west of Al Arish, due to an alleged terror attack. Since the alleged terror attack on GASCO's pipeline on March 5, 2012, EGAS has not been supplying gas throughout the Sinai area, to major Egyptian industries and gas consumers in the Sinai including cement factories, power stations and homes in Al Arish, as well as to Israel (through EMG) and Jordan. The pipeline is owned and operated by GASCO, the Egyptian gas transport company, which is a subsidiary of EGAS, the Egyptian national gas company (EMG's gas supplier). The extent of the damage to GASCO's pipeline and the estimated repair period is unknown at this point. Neither EMG's site nor EMG's pipeline were damaged as the affected GASCO's pipeline is not a part of the EMG pipeline system. An explosion in the Egyptian National Grid in the Sinai
