Press Release: Zion Oil & Gas Completes Drilling Phase of the Megiddo-Jezreel #2 (MJ-02) Well in Israel
Zion Oil & Gas Completes Drilling Phase of the Megiddo-Jezreel #2 (MJ-02) Well in Israel
Zion moves forward with testing based on encouraging shows of hydrocarbons.
DALLAS, Texas, and CAESAREA, Israel, November 23, 2021
Zion Oil & Gas, Inc. (OTCQX: ZNOG) announces the completion of the drilling phase for their Megiddo-Jezreel #2 (MJ-02) well.
“We are thankful for the successful completion of our drilling phase,” expressed Zion Oil & Gas CEO, Robert Dunn. “We are eager to move forward with testing immediately based on encouraging hydrocarbon shows.”
Zion Drilling Rig in Israel. Photo taken on November 22, 2021.
Zion has completed the drilling of the MJ02 well to a total depth of 5,531 meters (18,141 feet) with a six-inch (6”) open hole at that depth.
The primary zone of interest contains encouraging shows of hydrocarbons.
A full set of detailed and comprehensive tests including neutron-density, sonic, gamma, and resistivity logs, paired with well testing, will commence during the coming weeks. Based on these logs and analysis, additional zones of interest may be identified and tested.
All testing equipment and personnel are in Israel, and Zion is assembling the required equipment at the well site for the comprehensive testing.
Zion Oil & Gas, a public company traded on OTCQX Best Market, explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.