{"id":475051,"date":"2021-04-12T17:10:47","date_gmt":"2021-04-12T21:10:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zion-oil-gas-completes-second-drilling-milestone-in-megiddo-jezreel-2-mj-02-well-in-israel\/"},"modified":"2021-04-12T17:10:47","modified_gmt":"2021-04-12T21:10:47","slug":"zion-oil-gas-completes-second-drilling-milestone-in-megiddo-jezreel-2-mj-02-well-in-israel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zion-oil-gas-completes-second-drilling-milestone-in-megiddo-jezreel-2-mj-02-well-in-israel\/","title":{"rendered":"Zion Oil & Gas Completes Second Drilling Milestone in Megiddo-Jezreel #2 (MJ-02) Well in Israel"},"content":{"rendered":"
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Zion launches new $250 Unit Program with $2.5million raise limit<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n DALLAS<\/span> and CAESAREA, Israel<\/span>, April 12, 2021<\/span> \/PRNewswire\/ —\u00a0Zion Oil & Gas, Inc.<\/a>\u00a0(OTCQX: ZNOG) announces its successful drilling of the second section of the Megiddo-Jezreel #2 (MJ-02) well and launches a new Unit Program to help fund Zion’s 2021 exploration program.<\/p>\n

“With our 17 \u00bd inch section drilled to a milestone depth, and avoiding previous subsurface hazards from MJ01, we are positioned to achieve more flexibility on our lateral portion of the MJ02 well,” expressed Zion Oil & Gas CEO, Robert Dunn<\/span>. “With all key service providers on board, we continue to move forward with our ongoing 2021 operational plans.”<\/p>\n

\n ZION COMPLETES SECOND OF FOUR DRILLING SECTIONS<\/b>\n <\/p>\n

“We are happy to announce that we have reached our true vertical depth for the second stage of drilling,” Zion’s VP of Operations, Monty Kness<\/span>, stated. “Reaching a depth far deeper than any previous well with such a large wellbore came with extreme difficulty as the crew fought the natural pressure of the earth to keep the wellbore trajectory on target.” <\/p>\n

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Reaching the intermediate target zones with a borehole that can support the larger casing and production tubing to make a viable well is of vital importance to the overall objectives of Zion. At this stage, Zion will finish the logging, casing, and cementing of this section and then continue drilling toward the ultimate target zones.<\/p>\n

Having reached the halfway point, Zion’s operational team will begin to secure well-testing services and investigate the tendering and availability of completion services.<\/p>\n

\n NEW LIMITED UNIT PROGRAM<\/b>\n <\/p>\n

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Details:<\/p>\n