Zion Oil & Gas Inc (ZNOG): Another nice natural gas discovery annou...

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Zion Oil & Gas Inc (ZNOG)

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Monday, 05/09/2022 6:10:19 PM

Monday, May 09, 2022 6:10:19 PM

Another nice natural gas discovery announced today. Slowly but steadily Israel is transforming into energy powerhouse. ZN on deck to bring in the oil.

Preliminary analysis indicates that the Athena discovery contains 8 BCM of recoverable gas.
Energean (LSE: ENOG; TASE: ENOG) has announced a gas discovery at commercial quantities in the drilling it carried out in the Athena exploration well in its Block 12 license. The company says that preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 BCM.

According to the company, this discovery is particularly significant as it de-risks an additional 50 BCM of mean unrisked prospective resources across Energean’s Olympus Area, giving a total of 58 BCM including Athena.

https://en.globes.co.il/en/article-energean-reports-new-israel-gas-find-1001411308

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