Zion Oil & Gas Nears First Drilling Milestone in MJ-02 Well in Israel

Source: www.gulfoilandgas.com 2/1/2021, Location: Middle East

Zion Oil & Gas, Inc. (ZNOG) announces its successful drilling of the first section of the Megiddo-Jezreel #2 (MJ-02) well and launches a new Unit Program to help fund Zion’s 2021 exploration program.

“We are truly excited we have arrived at this important depth to case the first section of our well in Israel, then will slim down to a 17 ˝ inch bit,” expressed Zion Oil & Gas CEO, Robert Dunn. “We believe that now is the time to allow investors to partner with us further with our new Unit Program as we move forward with the MJ-02 well and our other 2021 exploration plans.”

ZION NEARS COMPLETION OF FIRST OF FOUR DRILLING SECTIONS

“Drilling a 22-inch diameter hole more than a half-mile into the earth, through difficult lithology, and on time is a great accomplishment, especially during a worldwide pandemic, and sets a great foundation for the remaining drilling program,” Zion’s VP of Operations, Monty Kness, stated. “The investment in a drilling rig capable of handling this wellbore schematic puts Zion in a much better position to meet its drilling objectives than ever before.”

Zion’s drilling crew, which was assembled from eight countries during a pandemic, is nearing completion of the first section of the MJ-02 drilling campaign at a depth of approximately 3,000 feet. The drilling crew will complete a set of downhole measurements (wireline logging) before running the first section of the casing.

The crew will then hang the casing and cement it in place, and then Zion will commence drilling the second section of the well. As the wellbore tapers down and becomes a smaller hole, the rate of penetration will likely increase.Zion’s drilling crew, which was assembled from eight countries during a pandemic, is nearing completion of the first section of the MJ-02 drilling campaign at a depth of approximately 3,000 feet. The drilling crew will complete a set of downhole measurements (wireline logging) before running the first section of the casing.

The crew will then hang the casing and cement it in place, and then Zion will commence drilling the second section of the well. As the wellbore tapers down and becomes a smaller hole, the rate of penetration will likely increase.

MEGIDDO-JEZREEL UNIT PROGRAM

“To accomplish our 2021 exploration plans, we still need investor support in Zion,” stated Zion Founder and Chairman, John Brown. “We are moving forward in faith, as we have been led (Exodus 14:15).”


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