Press Release: October 16, 2019 – Zion Oil & Gas Finishes Data Acquisition for Largest Onshore 3-D Seismic Survey in Israel’s History
Zion Oil & Gas Finishes Data Acquisition for Largest Onshore 3-D Seismic Survey in Israel’s History
3-D seismic acquisition phase completed; processing and interpretation remain.
DALLAS, Texas, and CAESAREA, Israel, October 16, 2019
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces the completion of data acquisition for its Megiddo-Jezreel 3-D seismic program.
“The crew has successfully completed the recording of the Megiddo-Jezreel 3-D seismic program, and our contractor logged over 19,000 manhours incident-free along with zero environmental damage,” Zion’s COO, Robert Dunn said. “We have accomplished a significant task – the recording of the largest onshore 3-D in Israel’s history, and we look forward to the interpretation of the data set.”
“Not only is it the largest 3-D survey in Israel’s history, but the data acquisition was completed within a time frame not thought possible due to the hard work, determination, faith, and courage of our team,” stated Zion’s President, Bill Avery. “We are moving forward with our exploration plan undeterred.”
Zion’s seismic acquisition covered over 72-square kilometers within its Megiddo-Jezreel license. The final pickup phase of the equipment has begun and will be completed by October 16th with the demobilization target by October 20th.
Zion will send the data for processing to Agile Seismic, located in Houston, Texas.
VIDEO (Click here or above) Zion COO, Robert Dunn, giving a seismic vibroseis truck tour and demonstration.
Two seismic vibroseis trucks acquiring data on Wednesday, September 27, 2019
“Our team in Israel has done an outstanding job getting this done so quickly,” expressed Zion’s CEO, John Brown. “Please continue to pray for our next steps as we process and interpret the data.”
Zion Oil & Gas, a public company traded on NASDAQ (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.