Zion Oil & Gas Inc (ZNOG)

[tisdal]

From here to there.

“We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity,” the company’s chief geologist, Yuval Bartov, explained. “On average in the world, strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that's what we now know.”

“There is enormous excitement,” Bartov said. “It's a fantastic feeling. We came here thinking maybe yes or maybe no, and now things are really happening.”

Game Changing Oil Reserves

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.

Genie suspends Oil and Gas Exploration in Golan

Wonder how much of this is political?