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Zion Oil & Gas Raises Rig Derrick in Israel

Source: www.gulfoilandgas.com 5/15/2017, Location: Middle East

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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, states that “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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