Zion Oil & Gas, Inc., Israel, announced that its geological and engineering team have completed its analysis of the test results of the first of four zones in the upper Triassic which had been identified as potentially productive and selected for testing during the remedial workover and completion operations on the Company's Ma'anit #1 well.
The results of the tests indicated that the tested zone is non-productive. Based on this result, it was determined to re-evaluate the well's future, considering the well's mechanical condition and the presence of positive indications of hydrocarbons deeper in the Triassic and closer to the determined hydrocarbon source rock. The Company's technical team is currently evaluating the findings, in order to optimize operations on the next well, the Ma'anit-Rehoboth #2, so that the difficulties encountered in the Ma'anit #1 wildcat well will be avoided and the next well's full potential exploited. The team is preparing recommendations for the company's consideration.
