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Re: tisdal post# 7773

Friday, 01/19/2018 7:36:05 PM

Friday, January 19, 2018 7:36:05 PM

Post# of 54014
Watch out Above! Press releases are starting.

PREPARE THE WAY!

World Oil Report: Israel

Zion Oil & Gas also has had a promising year in Israel. In early June, the company announced that it had spudded the Megiddo-Jezreel #1 well in the Jezreel Valley, south of the Lower Galilee region. CEO Victor Carrillo said, “It has been a complicated and difficult multi-year journey to get to this point, but our entire team is very excited to see this project finally come to fruition. We anticipate drilling through at least four different geologic strata with oil and gas potential.”

Situated within the onshore portion of the Levant basin, the Megiddo-Jezreel license area is an exceedingly prospective zone. According to Zion, an independent study conducted by Beicip-Franlab in 2015 determined that up to 6.6 Bbbl of oil in-place have yet to be recovered from the basin’s offshore area.

At CERAWeek last spring, Israel’s Energy Minister, Dr. Yuval Steinitz, said that because of the basin’s “substantial reserves,” Israel is now working to become a gas exporter. Development of the offshore field, however, is not anticipated for another five to 10 years. Nonetheless, when it does begin producing, Steinitz said that it likely will be competing with North Sea producers for customers in Egypt, Turkey, Italy and Western Europe.



Thats 6.6 Billion Barrels.

6.6 Bbbl at $30Net per barrel / 60M = $3,300 per share.

6.6 Bbbl at $20Net per barrel / 60M = $2,200 per share.

"THERE WILL BE NO MORE DELAYS"

Something GREAT is HAPPENING to Zion $ZN!

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