PRESS RELEASE: Zion Oil & Gas Raises Rig Derrick in Israel
Zion Oil & Gas Raises Rig Derrick in Israel
Zion to commence acceptance testing in preparation for spudding its MJ #1 well.
DALLAS and CAESAREA, Israel, May 15, 2017 /PRNewswire/ — With the raising of the derrick, Zion Oil & Gas, Inc. (NASDAQ: ZN) will commence acceptance testing in preparation for spudding its Megiddo-Jezreel #1 well, onshore Israel.
Victor G. Carrillo, Zion’s CEO, states that “We anxiously await spudding this deep well. An independent third party engineering report affirmed Zion’s internal interpretation of multiple geologic target horizons with the potential of very significant oil-in-place estimates if a discovery is made.”
For more information on Zion Oil & Gas, including information about purchasing stock without brokerage fees, go to https://www.zionoil.com/.