Replies to post #5162 on Zion Oil & Gas Inc (ZNOG)

[Kid-Gloves]

Zion Oil & Gas Israel Drilling Update and New Offering Launch

 

Multiple hydrocarbon zones penetrated

DALLAS and CAESAREA, Israel, October 12, 2017 - Zion Oil & Gas, Inc. (NASDAQ: ZN)continues active drilling operations at its Megiddo-Jezreel #1 well in Israel, near the eastern border with Jordan. Zion has now drilled to a depth of approximately 10,850 feet (~3,307 meters) toward a possible total depth (TD) of up to ~15,000 feet.

Zion’s CEO, Victor Carrillo, says, “We’ve now drilled over two miles into the subsurface. Between 4,000 – 6,000 feet, we encountered four separate zones worthy of possible production testing as evidenced by NUTECH’s enhanced petrophysical analysis. We plan to test these zones after we reach TD, run wireline logs, and obtain NUTECH’s petrophysical analysis from ~ 6,500 feet to TD.”

Carrillo further emphasized, “Based on a variety of factors, including increased total gas and heavy gas component indications (“shows”) an order of magnitude higher than what we’ve previously seen, we believe we’re on the verge of penetrating a key zone of interest, the Triassic Mohilla Formation, that has produced significant quantities of oil in Givot Olam’s Meged Field in Israel. However, even after we reach TD, we won’t comment or speculate on the volume, producibility or commerciality of the zones of interest until after we finish production testing.”

[green dolphin]

"we saw a significant lithological change that is what we have been anxiously awaiting."

!!!!!!!!!!

That is AWESOME!!!

ZN Praise Jehovah God ! ! !

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