Press Release: Zion Oil & Gas Encounters Oil
Zion Oil & Gas Encounters Oil
Company Drills Deeper in Response
DALLAS and CAESAREA, Israel, February 13, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.
Zion's President and Chief Operations Officer, Dustin Guinn, provided further understanding of recent events stating, "We were cautiously optimistic given the amount of gas that accumulated in the well after returning from Shabbat after calling total depth (TD) at 5,026 meters (~16,500 feet). After making our first of three open hole logging runs, we decided to ream to bottom to clean the hole out in anticipation of our second logging run. After circulating the well, we experienced a continued and significant increase in gas followed by clear evidence of oil in our circulated mud from the bottom of the well. This is obviously very exciting news and as a result, we have decided to continue to drill up to another 70 meters (~230 feet). We expect that to take a couple of days, and barring any operational difficulties, we will continue with our open hole logs immediately thereafter."
Zion's CEO, Victor G. Carrillo, added, "I am ecstatic to see clear evidence of hydrocarbons (oil and gas) in the deeper portion of our Megiddo-Jezreel #1 well – a project that we have been working on for years. However, at this time we cannot comment on the commerciality or ability to successfully produce the well. We ask that our shareholders continue to pray for safe and successful drilling, logging, and testing operations, and for God's wisdom for management as we make key decisions in the following days and weeks. Please be patient. We will provide further updates after we have adequate time to properly evaluate the logs and finalize our well testing program following the recent events."
"For You are great, and do wondrous things; You alone are God."
Psalm 86:10
"In His hand are the deep places of the earth …"
Psalm 95:1-7
It makes me teary-eyed to hear of news about God’s undying love and faithfulness to Israel. It is my prayer that Israel will be more in love to the God of Abraham, Isaac and Jacob. He is the same God yesterday, today and tomorrow. God bless Israel.
Praise the Lord!! All things are possible for those who trust in the Lord. In God’s time, not our time. God is never late. Just be patient and rewards will be great. Blessings and Shalom. Janet Rosenthal Manassas, Va. USA
We pray abundant blessings for God’s people.
may the GOD of our fathers Abraham,issac and Jacob bless you with much oil !!!!! Praise God !!!
Hallelujah!
Good to know this kind of informations
Praise the LORD!
God Bless to all relentless staffs of Zion oil & Gas inc. Praying for safety, protection & successful drilling.
Glory to God the Creator of the Universe. Let’s thank him in advanced for he knows the plans that he has for us plans to prosper us and not to harm us to give us a hope and a future thank you ABBA in Jesus name amen
Praise God for the Truth Coming to Pass…For God is not a Liar..
Congratulations to ZION OILand Gas for Walking By FAITH. !!!!