Press Release: Zion Oil & Gas June 19 Operational Update on Megiddo-Jezreel #1 Well in Israel
Zion Oil & Gas Operational Update on Megiddo-Jezreel #1 Well in Israel
Zion to commence testing expanded zone of interest
DALLAS and CAESAREA, Israel, June 19, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that it expects to commence perforation, stimulation and flow back operations on multiple stages of its Megiddo-Jezreel #1 (MJ #1) well as early as June 21, 2018.
Zion’s President and Chief Operations Officer, Dustin Guinn, explains Zion’s current testing operations, “As I have mentioned in previous announcements, the next two zones, the second and third primary testing objectives, are key zones of interest.
“We had originally planned to test the zones independent of one another, but both the proximity of the zones and downhole condition considerations have led us to change our strategy and combine these zones to test them simultaneously.
“While it has added a few days to properly plan for the logistics of this change with our service providers, we believe that these changes will provide the best opportunity for success in two of the zones that from a log analysis perspective identify some of the most encouraging criteria for production.
“Barring any unforeseen mechanical issues, we expect to complete the perforation and stimulation next week, after which we will monitor the well before proceeding to additional zones of interest.
“We recognize the keen interest in the MJ #1 well from not only our shareholders and the various Israeli regulatory agencies, but from many people who simply have strong feelings about Israel.
“As such, we treat this project with the utmost diligence, balancing a sense of urgency for results while continuing to insist on a zero tolerance policy regarding health, safety, security and environmental incidents.
“Management’s job is to provide long-term shareholder growth. Ultimately, that’s by finding and producing commercial amounts of oil and/or natural gas. Releasing partial or incomplete testing result information only drives short term speculation which is harmful to our long-term shareholders.
“Therefore, we will not be releasing any information, other than operational updates, until we have concluded the initial testing and analyzed the results of the primary targets at a minimum.
“This should take weeks, not months, unless unexpected mechanical issues arise.
“We want to continue to thank all of our loyal shareholders who have made this project a reality and ask that you continue to pray for success and safety in helping Israel become energy independent, giving Zion a huge platform to share the gospel of Jesus Christ.”
“I have heard your prayer and your petition that you made before Me …” 1 Kings 9:3
"…The LORD has broken through my enemies before me, like a breakthrough of water " 2 Samuel 5:20
Where is the July press release?
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
Well, you must know something by now, it has been a month since you told us it would not take months.
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
Anything new on well progress?
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
remember that God’s blessings come at the moment of Despair When the Children crossing the Red Sea we’re almost going to Parish Moses just for that harm and the Sea parted it was a desperate time their lives were at stake always going to be ended unless God intervene and then he did
What is the SEC investigating? Why haven’t you put out any updates?
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
It has been a month. Any news? Anything would be appreciated
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
Do we have a commercial well or not ? Sure hope for some information soon.
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
Its been weeks, how about an update? Thanks.
Thank you for your concerns. Executive management has expressed that they will update when there is material information to update and we are in the testing phase of our well. We are not silent and happy to answer any questions that we are able. Feel free to email, call or come by our office. Email to info@zionoil.com is the best way to connect.
Will continue to pray for breakthrough with the results and continuing witness of Jesus the Messiah to the people of Israel and the Middle East. Brother Brown’s faith when Zion Oil and Gas validate discovery and viability of the treasures of the deep will show God’s amazing faithfulness and blessings and He can always be trusted to fulfil His Word. Amen.
Thank you for update. God bless