Tuesday, June 27, 2017

Zion Raises Rig Derrick in Israel

Posted by May 15, 2017

  • (Photo: Zion Oil & Gas)
  • (Photo: Zion Oil & Gas)

With the raising of the derrick, Zion Oil & Gas, Inc. will commence acceptance testing in preparation for spudding its Megiddo-Jezreel #1 well, onshore Israel.

 
Victor G. Carrillo, Zion's CEO, said, "We anxiously await spudding this deep well. An independent third party engineering report affirmed Zion's internal interpretation of multiple geologic target horizons with the potential of very significant oil-in-place estimates if a discovery is made."
 

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