Ratio Energies Limited Partnership Ratio Energies - Limited Partnership (RATI.TA) explores, develops, and produces oil and natural gas primarily in Israel; it holds working interests in the Leviathan natural gas reservoir in the Eastern Mediterranean Sea, covering 330 square kilometers offshore Israel, as well as stakes in onshore and offshore exploration licenses including Mad Yavne (12.3%), Sarit (25%), Rachel (15%), Amit (15%), Hanna (15%), David (15%), Eran (15%), and Gal (90%); the partnership exports natural gas to neighboring countries such as Jordan and Egypt. Founded in 1992 and headquartered in Tel Aviv, Israel, Ratio Energies operates through subsidiaries focused on upstream oil and gas exploration and production activities in the Israeli energy sector, targeting domestic power generation and regional export markets. In late 2024, the partnership launched a tender offer to acquire the remaining 80% stake in related entity Ratio Petroleum Energy Limited Partnership for ILS 63 million at ILS 0.35 per unit, following its existing 20% ownership, with shareholder approval secured and the acceptance period extended to December 3, 2024.