Dear Shareholder and/or Friend of Zion…
On Wednesday of this week, Israel’s Channel 10 TV sent a reporting team to interview ‘Zion Oil & Gas’ and film at the Ma’anit site. I understand that a TV program on ‘Oil and Gas in Israel’ is scheduled for broadcast tonight (Friday) on Channel 10 in Israel.
On Monday, February 1st, I was extremely happy to welcome to Zion, Mr. William (Bill) Ottaviani, Zion’s newly appointed President and Chief Operating Officer.
Dear Shareholder and/or Friend of Zion…
On Sunday, January 24, 2010, the Jerusalem Post ran an article on William “Tex” Moncrief, a Texas billionaire wildcatter. In particular, one quote from “Tex” Moncrief caught my eye:
There has been quite some discussion by our staff regarding Zion’s weekly updates, as not every week contains ‘news to report’ on every part of our exploration license and permit areas.
Here is my first update to you, in 2010, so:
May 2010 bring you health, happiness and success.
All of us share the same deep desire to achieve success with our goal to find oil and gas onshore Israel.
The Ma’anit-Rehoboth #2 Well
This past week, on Thursday, we welcomed Petroleum Engineer John McKenney to Israel. He has arrived to review the completion procedures planned for the Ma’anit-Rehoboth #2 well. John has nearly 40 years experience in Oil & Gas. He has worked for many well-known petroleum companies, including Arco International, Phillips Petroleum, Schlumberger, Tesco Drilling and Triton Engineering. He has also consulted for many other companies, including Murphy Oil, Ocean Energy and Shell Oil.
The Ma’anit-Rehoboth #2 Well
In previous weeks, I have summarized the situation regarding this well.
Drilling Operations on the Elijah #3 Well
Zion’s Asher-Menashe license area is along the Israeli coastal plain and on the Mount Carmel range, between Caesarea and Haifa. The Elijah #3 well site is situated approximately 12 miles north of Caesarea, just off Road 4.
Operations on the Ma’anit-Rehoboth #2 Well
As I have mentioned previously, we drilled the Ma’anit-Rehoboth #2 well to a depth of 17,913 feet (5,460 meters), and on October 2, 2009 released the drilling rig for use on the Elijah #3 well and temporarily suspended operations on the Ma’anit-Rehoboth #2 well, until a smaller rig becomes available for completion operations on the seven zones that warrant completion testing.
Operations on the Ma’anit-Rehoboth #2 Well
Zion submits periodic reports to Israel’s Petroleum and Mining Commissioner, Dr. Yaakov Mimran. In our most recent report on our Joseph license, submitted this week, we noted that: