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
God Bless Zion Oil and God Bless Israel…
Wondering about the new 70 meter deepening of the well? Hope it’s more good news.
This is so exciting as an investor. I’m praying for this Company daily, this will be a game changer for Israel. It’s awesome to be witnessing Bible Prophecy being fulfilled.
May God continue to bless Israel and Zion Oil and Gas! Plus, all the faithful investors.
Adonai….
Psalms 97!
Halelujah!!!
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You may learn more about investing by going here – https://www.zionoil.com/dspp
Good work & good luck. Fascinating to follow the Zion oil progress and great efforts.
Thank you!
Hello to all involved in this operation, As a shareholders I will continue to pray for safe and successful drilling, logging, and testing operations, and for God’s wisdom for management as you make key decisions in the following days and weeks.
May God bless and keep all of you, and may His countenance shine on all of you, and know that God’s Word will not return unto Him void.
A fellow brother in Christ
Pastor Robert Lowery
Great Job.
God’s word never fails. I admire that Mr. Bowwn’s faith in God and His word.
We all, especially I, shoud learn from him. God bless Mr. Brown and his company.
In His faith,
Heejin Lunsford
Exciting times and news ! Maybe Israel could become an oil exporter.But it would be even more important to become self-sufficient,and not dependent on anyone in times of war and peace.