Zion Late Summer Update
ZION LATE SUMMER UPDATE
Wednesday, August 27, 2014
Dear Shareholder and/or Friend of Zion:
This is an update of noteworthy events that have occurred since our last newsletter. Between updates, please consult our website, press releases, and our SEC filings to keep up with company developments.
Megiddo-Jezreel and Jordan Valley License Merger
Israel’s Petroleum Commissioner recently notified Zion that the Petroleum Council, a 10-member board that he chairs, has recommended approval of our application to merge the southernmost portion of our Jordan Valley License into our Megiddo-Jezreel License.
Under Israeli law, this Petroleum Council exists to review, advise, and recommend to the Minister of Energy and Water Resources on a variety of topics including exploration licenses and transfers of exploration rights. The recommendation now goes to Israel’s Minister of Energy and Water Resources for final approval.
We believe that the almost 99,000 acre merged Megiddo-Jezreel and Jordan Valley License appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential. Zion is now focused 100% on this merged Megiddo-Jezreel License as we develop key leads into drillable prospects.
New Seismic Acquisition Program Completed
Last week, the Geophysical Institute of Israel (GII) finished acquiring about 42 kilometers of new Vibroseis seismic data for Zion. Seismic data is a key tool to allow geoscientists to better visualize the rock formations under the earth.
It is akin to getting a sonogram of the earth. The data will then be computer processed by both GII and Eskaton Seismic (based in the U.S.) and interpreted by Zion’s team of geologists, geophysicists, and outside geoscience consultants.
Once we process and interpret this new seismic data, we will choose the precise and best spot(s) to drill our next well(s). We continue to work toward drilling our first well, the Megiddo-Jezreel #1, to a depth of approximately 13,000-15,000 feet next summer.
Environmental Impact Assessment
A critical prerequisite before obtaining a drilling permit for our next well is to conduct an extensive environmental assessment of the area where we plan to drill. Geo-Prospect, an Israeli geological, environmental, and planning company, continues to make good progress with our environmental impact study which is expected to take several months to complete. Study topics required by law include ecology, hydrology/water, archaeology, acoustics, air quality, hazardous materials, pollution, land reclamation, drilling methods, risk mitigation, etc.
DIRECT STOCK PURCHASE PLAN
Did you know you can invest directly with Zion online with no need for a broker?
Our simple step-by-step online system will help you enroll and invest with confidence.
GO HERE to learn more about investing.
GO HERE to learn more about our unit offering.
GO HERE to learn how current shareholders can add to their existing investment.
Remember: Our current unit offering continues through December 31, 2014.
ONE FINAL NOTE:
All Zion employees stand in solidarity with Israel during these difficult times and we will continue to pray for safety, security, and peace in Israel!
“You shall not be afraid of the terror by night, Nor of the arrow that flies by day,
Nor of the pestilence that walks in darkness,
Nor of the destruction that lays waste at noonday.”
Psalm 91:5-6 but see all of Psalm 91
“Pray for the peace of Jerusalem: May they prosper who love you.”
Psalm 122:6
I’am totally unknown with shares and all of that. But I did invest a little money. Why I think by myself! It is just because as a Christian I love my brothers and sisters in Israël. So I want to support you! Seeing how you pray on the picture, is knowing that your surch (and my small support) is blessed by the Lord, our heavenly Father! He will give His people all the wealth from the earth and sea, the Bible says. Seeing that this Will happen makes my trust & belief stronger every day! Love from Holland!
Dear Zion Oil
I am still believing that Israel is sitting on oil. It has to be God’s timing this I know. Continue to pray for peace in Jerusalem and for the people of Israel. Seems so many are turning against Her , even our own gov’t does not seem to be giving her the support and that bothers me greatly. Back in 2011 I bought shares through a broker in New Jersey. Though the numbers look low at the present, I expect to see them increase in the very near future. God bless and keep up the good work. CAH from Michigan.
Thank you Cheryl! We appreciate your prayers and support.
Dear Zion Oil and Gas, I am very sure that next summer must be the time of discovery. We are running out of time and God’s word must be fulfilled to find oil in Israel. I stand with you and hope to invest before summer. May God bless Israel and Zion Oil and Gas,
With thanks,
Teresa
Teresa,
Thank you for your support. God bless you too!
Please send me same info sent to mark sampson. Thanks
I have sent you an email with the requested information, Margaret.
Hi.
How do I make a small monthly to invest perhaps $30-$50? I have already purchased 250 shares. Thank You Dr. Mark Samson.
Mark, I have sent you an email.
I worked at Apple Computer years ago and always liked the company and Steve Jobs but the new CEO just stated that “Gods greatest gift to him was making him gay”.So now I sold all of my Apple Computer stock and searched high and low for a christian Company to invest in and that’s when I found Zion Oil.I’ll be investing not for a great return on my money but to just give to a Christian Company,in a sense,to GOD.
Thank you, Kelly!
I would like to know what Zion Oil is doing right now.Are they broke??
Kelly,
No, Zion is not broke. Our geology team is currently analyzing seismic data to determine the best possible spot for us to drill on our new Megiddo-Jezreel license area. We are hoping to start drilling in the summer of 2015.
I am with you in thoughts and prayers as I have always been, G-d Bless Zion Oil and ZION itself!.
Thank you so much, Jeff!