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.
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces the commencement of data acquisition for its Megiddo-Jezreel 3-D seismic program.
In Israel: 3-D Seismic Equipment on Zion’s Location and Seismic Survey Set to Begin
Zion expects to begin seismic data acquisition over 72 square kilometers on its Megiddo-Jezreel license early next week.
We want to inform Zion’s supporters and shareholders that the seismic trucks and 3-D equipment for Zion’s proposed 3-D seismic survey have arrived at the Haifa port in Israel safely.
We expect the trucks to be on our location for acceptance testing in the Megiddo-Jezreel license by mid next week.
We want to inform Zion’s supporters and shareholders that the seismic trucks and 3-D equipment for Zion’s proposed 3-D seismic survey are on their way to Israel.