Ma’anit-Rehoboth #2

27 August 2010 – Operations Update

Drilling operations on Ma’anit-Joseph #3 have begun!

As you can read in yesterday’s press release (click here) drilling operations on our Ma’anit-Joseph #3 well have begun. As I write (Friday morning, in Israel), the drill bit has reached a depth of approximately 115 feet (35 meters).

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20 August 2010 – Operations Update

Dear Shareholder and/or Friend of Zion

The past two weeks have seen both our office and the Ma’anit-Joseph #3 wellsite ‘humming’ with activity. The drilling rig has been moved from the Ma’anit-Rehoboth #2 wellsite to the Ma’anit-Joseph #3 wellsite and has been erected. Almost everything is now in place for drilling to begin, as you can see in the pictures below.

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6 August 2010 – Operations Update

I’ll start with most welcome news – the rig mobilization (from the Ma’anit-Rehoboth #2 wellsite to the Ma’anit-Joseph #3 wellsite) has begun, as you can see in the pictures below.

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23 July 2010 – Operations Update

Dear Shareholder and/or Friend of Zion

Since my last update to you (on July 9, 2010) we have made much progress with the site construction for the Ma’anit-Joseph #3 well, especially the concrete platform on which the drilling rig will stand. Due to the very heavy loads involved, a solid and stable base is of the highest importance, as the safety of everyone working at the wellsite is at risk if the drilling rig is not 100% stable.

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