It is a new year in Israel (Rosh Hashanah/Feast of Trumpets marked the beginning of 5779), and the High Holy Days are over. We are excited to resume operations at Zion’s well-site.
Service personnel will be on location to continue testing at the Megiddo Jezreel #1 site this Sunday, October 14th.
We want to thank you for your continued encouragement and ask that you pray for the safety of your well-site crew, the efficiency of all operations, and also for God’s ongoing favor in the midst of difficulties.
The vision of Zion is to help Israel become energy independent, and as a result, share the Gospel of Jesus Christ. Our platform has become increasingly visible, and we praise God for that.
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion's planned operations, anticipated attributes of geological strata being drilled or tested, the presence or recoverability of hydrocarbons, operational risks in testing and well completion, timing and potential results thereof and plans contingent thereon are forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion's periodic reports filed with the SEC and are beyond Zion's control. These risks could cause Zion's actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
I am glad we raised over five million dollars to test the “five zones of interest” in the shallower depths the dedication and resolve of Zion’s supporters is unbelievable. I am all for testing the five additional zones and hope and pray something is producible. I would like to know if there is a possibility of any oil or gas being below where we stopped drilling. As I recall management wanted to drill deeper but decided to stop because of drilling issues such as drill string torque, rig issues,etc. Is there a possibility of oil and gas being deeper than where we stopped and what would it take to drill the MJ#1 deeper if that “possibility” exist? Is there a chance of oil and gas being deeper? If there is a chance we need to make an effort to go deeper to be sure it is or is not there. Zion raised 5.3 million to test the addition zones I think Zion’s shareholders would support going deeper if management thought there was a possibility there may be oil and gas down deeper.
Zion Oil & Gas, Inc.
October 30, 2018 at 10:41 am ·
We did hit our target depth and did not have plans to drill deeper. We are constantly monitoring the data we find in the well to make ongoing decisions that are best for the company and shareholders.
How can i buy shares in zion oil& Gas?
You may go here to learn more about investing in Zion – click HERE.
Can someone explain how to exercise warrant
You may learn how to take the steps to exercise warrants here: https://www.zionoil.com/dspp/exercise-warrants/
I am glad we raised over five million dollars to test the “five zones of interest” in the shallower depths the dedication and resolve of Zion’s supporters is unbelievable. I am all for testing the five additional zones and hope and pray something is producible. I would like to know if there is a possibility of any oil or gas being below where we stopped drilling. As I recall management wanted to drill deeper but decided to stop because of drilling issues such as drill string torque, rig issues,etc. Is there a possibility of oil and gas being deeper than where we stopped and what would it take to drill the MJ#1 deeper if that “possibility” exist? Is there a chance of oil and gas being deeper? If there is a chance we need to make an effort to go deeper to be sure it is or is not there. Zion raised 5.3 million to test the addition zones I think Zion’s shareholders would support going deeper if management thought there was a possibility there may be oil and gas down deeper.
We did hit our target depth and did not have plans to drill deeper. We are constantly monitoring the data we find in the well to make ongoing decisions that are best for the company and shareholders.