Zion Oil & Gas Inc (ZNOG): From the PR: "Zion is currently drill...

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Zion Oil & Gas Inc (ZNOG)

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Re: tortman post# 672

Thursday, 06/25/2009 9:58:02 AM

Thursday, June 25, 2009 9:58:02 AM

From the PR:

"Zion is currently drilling its Ma'anit-Rehoboth #2 well to the Triassic Formation (down to a depth of 15,400 feet and then, it is planned, to the Permian Formation (down to a depth below 18,000 feet). Today, the drilling has reached a depth of approximately 15,750 feet. "

From today's PR, they have penetrated the first target formation, the Triassic at 15,400 feet. Some companies PR interim hydrocarbon shows during the drilling and others do not. With modern drilling tools like LWD (logging while drilling) and mud logging - they would have a near 100% certainty at this point whether the Triassic was hydrocarbon or water bearing.

Experience tells me that great news gets PR'd easier than bad news, wonder why today's PR made no mention of the Triassic target interim results?

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