Zion Oil & Gas on Track to Spud Deep Well in Israel in April

Zion Oil & Gas on Track to Spud Deep Well in Israel in April

 

Drill crew arrives this week and rig mobilization starts the following week

Our President (Dustin Guinn) and I are traveling to Israel this coming week to seek to finalize drilling plans and meet with Israel’s Petroleum Commissioner Yossi Wurzburger.

 

DRILLING THE WELL

We plan to inspect and tour the fully completed drill pad site and meet the Romanian drill crew that will be arriving this week to prepare the rig for the upcoming move to the drill site.

We expect that the first truckloads, of an anticipated 75 total loads, will begin moving the rig and equipment onto the drill site in March.

While the operational and regulatory details of drilling a deep well in Israel are overwhelming, Zion has been blessed with God’s favor and we are literally on the cusp of drilling our long-awaited Megiddo-Jezreel #1 well with an anticipated spud date of April (next month).

CLICK HERE TO SEE SITE CONSTRUCTION IMAGES

FUNDING THE WELL

We are at a critical funding stage. While we have enough cash to spud and drill the well to a shallow depth, we still need to raise a significant amount of money to be able to drill to the total depth of ~ 15,000 feet and test the well.

Our current Unit Program ends March 31, 2017, and, as previously announced, this offering will not be extended.

We provide investors a way to invest directly online with no brokerage fees through our website – www.zionoil.com/invest.

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NOTE: UNIT PROGRAM EXPIRES MARCH 31, 2017

CLICK HERE TO INVEST

ANNUAL SHAREHOLDER MEETING IN ISRAEL

We would like to invite shareholders to our Annual Shareholder Meeting, to be held on Wednesday, June 7, 2017 at the Dan Caesarea Hotel in Israel. Shareholders are also invited to a rig site tour the day before on Tuesday, June 6th at our Megiddo-Jezreel Valley site.

Date: Wednesday, June 7, 2017

Location: Dan Caesarea Hotel, Caesarea, Israel

Congratulations to U.S. Secretary of Energy – Governor Rick Perry!

I would like to personally congratulate former Texas Governor Rick Perry on his successful Senate confirmation last week to fill President Trump’s Secretary of Energy cabinet post.

I am confident that he will serve as an excellent U.S. Energy Secretary.

When he was Texas Governor, Rick Perry appointed me to serve on the Railroad Commission of Texas, a statewide office overseeing the Texas energy sector, including oil & gas (Texas remains the top oil & gas producing state in the nation).

It was an honor to serve in Governor Perry’s “cabinet” for eight years as our Texas Oil & Gas Commissioner and I’m proud to call our new U.S. Energy Secretary a friend.

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Sincerely,

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Victor G. Carrillo

CEO

Zion Oil & Gas, Inc.