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Zion Oil & Gas, Inc. (OTCQX: ZNOG) is a U.S. public company dedicated to exploring and developing onshore oil and gas resources in Israel, driven by a vision inspired by biblical references. Founded by John Brown, Zion strives to unlock Israel's hydrocarbon potential using modern science and sound business practices.
Headquartered in Dallas, Texas, and Caesarea, Israel, Zion's operations are focused on the Megiddo-Jezreel license area, encompassing approximately 75,000 acres. The company's latest project involves the re-completion operations of the MJ-01 well, leveraging cutting-edge technologies and innovative stimulation techniques to potentially unlock hydrocarbon flows in several key zones.
Zion's recent achievements include obtaining the Megiddo Valleys #434 exploration license, valid until September 2030, with options for yearly extensions. This endorsement from the State of Israel reflects the company’s commitment and perseverance in their mission. Despite geopolitical challenges, including the recent conflict and logistical hurdles, Zion remains steadfast in its operations, securing alternative vendors and contractors to maintain project timelines.
Financially, Zion offers investment opportunities through its Direct Stock Purchase Program, enabling investors to support Israel's energy future directly. The company has also extended its Unit Program until August 2024, allowing further investments in its mission.
Zion attributes its progress to the unwavering support of its shareholders and the faith-driven leadership of its founder. The company encourages following its updates on LinkedIn and Facebook for the latest news and developments.
For more information, visit Zion Oil & Gas.
Zion Oil & Gas (OTC: ZNOG) has commenced recompletion operations for its MJ-01 well in Israel. Despite the ongoing conflict, there have been no security issues at their location. However, a Turkish embargo on trade with Israel caused logistical challenges, which the company mitigated by sourcing services from Romania, Greece, and the U.S. The operations are set to continue through Q3 2024, utilizing advanced technologies to unlock hydrocarbon flows. Additionally, Zion extended its Unit Program until August 31, 2024, offering investors more time to participate. Each unit costs $250 and includes ZNOG stock and 25-cent warrants. The extension aims to support Zion's mission of achieving Israel's energy independence.
Zion Oil & Gas, Inc. (OTCQX: ZNOG) has filed for a new exploration license in the Megiddo-Jezreel Valley, covering 99,000 acres. This application is linked to their current operations under license #428. The company is advancing its MJ-02 well, which has completed casing and is undergoing well stimulation and DST testing. All essential equipment for these operations is available in Israel despite logistical challenges. Additionally, Zion has submitted a petition for a three-year term approval for the #428 exploration license.
Zion Oil & Gas (OTCQX: ZNOG) has successfully completed the drilling phase of the Megiddo-Jezreel #2 (MJ-02) well in Israel, reaching a depth of 5,531 meters (18,141 feet). The well shows promising signs of hydrocarbons, sparking optimism for upcoming tests. The company will conduct comprehensive testing including neutron-density and sonic logs to further analyze the well's potential. All necessary equipment for testing is on-site as Zion prepares for this next crucial phase in their 99,000-acre license area.
Zion Oil & Gas (OTCQX: ZNOG) has successfully completed the second section of its Megiddo-Jezreel #2 (MJ-02) well, achieving a significant drilling milestone. The well has reached a true vertical depth, overcoming subsurface challenges faced in previous drilling. The company has initiated a new Limited Unit Program aimed at raising $2.5 million for its exploration efforts, offering investors the chance to purchase units priced at $250 each, which include common stock and warrants. The program runs until May 12, 2021, or until the funding goal is reached.
Zion Oil & Gas (OTCQX: ZNOG) has successfully completed the first section of the Megiddo-Jezreel #2 (MJ-02) well in Israel, an important milestone in its exploration program. The company has launched a new Unit Program from February 1 to March 17, 2021, aimed at securing investor funds for its ongoing exploration efforts. Each unit purchase costs $250, offering $250 of ZN common stock and 25 $1.00 warrants, with additional incentives for automatic monthly investment participants. With a drilling depth of approximately 3,000 feet, Zion's operations continue despite pandemic challenges.
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