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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.
We wanted to give you an update on several matters here at Zion as we move forward to get our rig into Israel and the challenges we seek to overcome with God’s help…
All Lawsuits Against Zion Oil & Gas Have Now Been Dismissed. There is now no litigation pending against Zion Oil. On March 3, 2020, Brantley Starr, United States District Judge for the Northern District of Texas…
Press Release: March 19, 2020 – Zion Oil & Gas Receives Nasdaq Listing Extension Until June 26, 2020
March 19, 2020 – Zion Oil & Gas, Inc. (Nasdaq: ZN) announces the Nasdaq Hearing Panel granted the request of Zion Oil & Gas, Inc. for continued listing on The Nasdaq Stock Market LLC.
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.”
