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Drilling plan approved and site preparation to commence. Zion Oil & Gas, Inc. (Nasdaq: ZN) announces formal approval from the Israel Ministry of Energy of its drilling plan for its next well in Israel.
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (ii) closed that purchase on March 12, 2020, the same day, by Bill of Sale from the seller to Zion.
“We have signed a letter of intent to purchase a drilling rig for Zion’s ongoing 2020 exploration plans,” Zion’s COO, Robert Dunn said. “This rig will have increased capabilities for onshore drilling in Israel, and we see it as a vital part of our operations going forward.”
Zion is in the initial phases of sourcing a drilling rig for 2020 operations in Israel. More: Derivative Suit Dismissed, Form S-1 Filed and accepted by the SEC, Seismic Processing and Interpretation Continues, and Brad Dacus appointed independent director.
Zion Oil & Gas Finishes Data Acquisition for Largest Onshore 3-D Seismic Survey in Israel’s History
3-D seismic acquisition phase completed; processing and interpretation remain.
DALLAS, Texas, and CAESAREA, Israel, October 16, 2019 /PRNewswire/ — Zion Oil & Gas, Inc. (Nasdaq: ZN) announces the completion of data acquisition for its Megiddo-Jezreel 3-D seismic program.
Zion Oil & Gas Finishes Data Acquisition for Largest Onshore 3-D Seismic Survey in Israel’s History
3-D seismic acquisition phase completed; processing and interpretation remain.
DALLAS, Texas, and CAESAREA, Israel, October 16, 2019 /PRNewswire/ — Zion Oil & Gas, Inc. (Nasdaq: ZN) announces the completion of data acquisition for its Megiddo-Jezreel 3-D seismic program.