Zion Oil & Gas Inc (ZNOG): Is everyone aware that Genie is scrappin...

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Zion Oil & Gas Inc (ZNOG)

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Friday, 11/17/2017 8:27:18 AM

Friday, November 17, 2017 8:27:18 AM

Is everyone aware that Genie is scrapping its operations in Israel?

NEWARK, N.J., Nov. 16, 2017 /PRNewswire/ -- Afek, the subsidiary of Genie Energy Ltd. (NYSE: GNE, GNEPRA) conducting an oil and gas exploratory program in Northern Israel, today announced that preliminary analysis of results from its completed Ness 10 exploratory well in Northern Israel suggests that the well's target zone does not contain commercially producible quantities of oil or natural gas.

I wonder if this will have a short term impact on ZN's PPS.

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