Zion Oil Commences Drilling Operations on Its Elijah #3 Well

October 21, 2009 Filed Under: Oil and Gas  
Zion Oil Commences Drilling Operations on Its Elijah #3 Well

Zion Oil & Gas, Inc. a Delaware corporation, explores for oil and gas in Israel in areas located on-shore between Haifa and Tel Aviv announced that drilling operations have begun on its Elijah #3 well. Utilizing the 2,000 horsepower drilling rig used to drill Zion’s Ma’anit-Rehoboth #2 well, Zion has commenced drilling its Elijah #3 well toward the Triassic geological formation, which... 

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Zion Oil Issues Units in Initial Closing of Follow-On Offering

October 25, 2008 Filed Under: Mining Stocks, Oil and Gas  

Zion Oil & Gas, Inc. announced that the company issued 350,994 units in the initial closing of Zion’s follow-on offering. Each unit consists of one share of Zion stock and one warrant to purchase one share of Zion stock. The units were issued at $10 per unit and the amount raised in this initial closing was $3,509,940. Zion continues to accept subscriptions at $10 per unit and the offering... 

Zion Oil & Gas Signs Drilling Contract

September 15, 2008 Filed Under: Oil and Gas  

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel announced today that it and Aladdin Middle East have signed a drilling contract. Last week, Zion’s Chief Executive Officer, Richard Rinberg, and the President and Chief Operating Officer of Zion, Glen Perry, visited AME’s offices in Ankara, Turkey, in order to inspect AME’s rig and equipment yard, meet with key AME personnel... 

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Zion Oil & Gas, Inc. and Aladdin Middle East Agree to Defer Signing Drilling Contract

August 2, 2008 Filed Under: Oil and Gas  

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel has recently reported that Aladdin Middle East (“AME”) and Zion have amended their June 18 protocol to extend to September 1, 2008 the date by which they are to sign a drilling contract. The extension is necessary due to delays encountered in preparing and filing applications necessary to enable Zion’s drilling contractor,... 

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