Potential Golan Heights Oil Discovery?
From Zion’s CEO:
Recent Israeli news articles are touting a significant Afek Oil & Gas / Genie Energy oil find in Israel’s Golan Heights. We at Zion Oil & Gas are “cautiously optimistic” that the oil discovery would ultimately prove successful.
It is indeed good news that there appears to be oil saturation in an equivalent rock layer to the source rock we are searching for in our Megiddo-Jezreel License that is relatively nearby geographically. The true test for Afek is to see if the oil underground is producible above ground in commercial quantities.
Article in Israel’s Globes Business News:
After more than a year of round-the-clock drilling, large amounts of oil have been found on the Golan Heights. Estimates are that the amount of oil discovered will make Israel self sufficient for very many years to come.
Afek Oil and Gas chief geologist Dr. Yuval Bartov told Channel 2 News, “We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that’s what we now know.”
NOTE: Zion Founder, John Brown, wrote about his conversations with Dr. Harold Vinegar of Genie Oil in Jerusalem. (See his email from August 7 HERE.)
Prophecies Being Fulfilled?
Zion believes this is the beginning of these prophecies:
“So the Lord alone did lead him, and there was no strange god with him. He made him ride on the high places of the earth, that he might eat the increase of the fields; and he made him to suck honey out of the rock, and oil out of the flinty rock…” Deuteronomy 32:12,13
“When I washed my steps with butter, and the rock poured me out rivers of oil…” Job 29:6