Zion Oil Issues Units in Initial Closing of Follow-On Offering
October 25th, 2008… is raising funds in order to pursue its planned multi-well drilling program. Depending on actual amounts raised, Zion intends to carry out … Formation (down to a depth of 15,400 feet) and / or to the Permian Formation (down to a depth of 18,040 feet), drill a test well on Zion’s …