Welcome to our dedicated page for Zion Oil news (Ticker: ZNOG), a resource for investors and traders seeking the latest updates and insights on Zion Oil stock.
Zion Oil & Gas, Inc. (OTC: ZNOG) news covers the company’s ongoing efforts to explore for oil and gas onshore in Israel, with a particular focus on its work under the Megiddo Valleys License 434 and the Megiddo-Jezreel wells. Readers can follow operational milestones, regulatory developments, and capital program announcements that shape the company’s exploration activities.
Recent news highlights include updates on the MJ-01 well re-entry and recompletion project, where Zion has reported perforation and stimulation operations, flowback testing, and gas observed at the surface during initial flowback. Articles also describe maintenance and preparatory work on the company’s rig, drilling out temporary plugs, and plans to evaluate reservoir characteristics and production potential through continued testing.
Coverage also includes regulatory and licensing events, such as the award of the Megiddo Valleys License 434 by the State of Israel and the acceptance of Zion’s work plan by a Supervisory Committee composed of representatives from Israeli ministries and local councils. These items explain how regulatory approvals affect the timing and scope of Zion’s onshore exploration program.
In addition, Zion’s news flow features capital-raising initiatives like Unit Programs that combine common stock and warrants, as well as references to its Direct Stock Purchase Program. These updates outline how the company structures investor participation in its exploration mission. For investors and observers interested in Israel-focused oil and gas exploration, the ZNOG news feed provides a centralized view of operational progress, licensing milestones, and financing activities related to Zion Oil & Gas.
Zion Oil & Gas (OTC: ZNOG) has reported successful initial flowback operations at its Megiddo-Jezreel #1 (MJ-01) well re-entry in Israel, with gas reaching the surface. The company has completed perforation and stimulation operations successfully, marking a significant milestone in their exploration efforts.
The well is currently undergoing stimulation fluid recovery and cleaning. Zion is actively working to secure additional equipment to continue flowback testing and conduct volumetric analysis to evaluate reservoir characteristics, as part of their ongoing assessment of the well's production potential.
Zion Oil & Gas (OTC: ZNOG) has resumed operations on the Megiddo-Jezreel 1 (MJ-01) well recompletion project in Israel. The rig crew arrived on February 15, 2025, and began maintenance work on the previously warm-stacked rig. The next phase involves drilling out a temporary plug at 1,100 meters, expected to take 2-3 weeks, followed by setting a permanent plug to isolate testing zones.
Equipment is being sourced globally from India, Romania, Germany, Netherlands, UAE, US, and Tanzania. The company expects all equipment to be on-site by mid-March, with completion and testing operations projected to finish in Q2 2025.
The current Unit Program closes on February 28, 2025, offering investors common stock and warrants for every $250 unit purchased. Warrants are exercisable from March 31, 2025, to March 31, 2026, with a $0.25 exercise price.
Zion Oil & Gas (OTC: ZNOG) has commenced recompletion operations for its MJ-01 well in Israel. Despite the ongoing conflict, there have been no security issues at their location. However, a Turkish embargo on trade with Israel caused logistical challenges, which the company mitigated by sourcing services from Romania, Greece, and the U.S. The operations are set to continue through Q3 2024, utilizing advanced technologies to unlock hydrocarbon flows. Additionally, Zion extended its Unit Program until August 31, 2024, offering investors more time to participate. Each unit costs $250 and includes ZNOG stock and 25-cent warrants. The extension aims to support Zion's mission of achieving Israel's energy independence.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Zion Oil & Gas, Inc. (OTCQX: ZNOG) has filed for a new exploration license in the Megiddo-Jezreel Valley, covering 99,000 acres. This application is linked to their current operations under license #428. The company is advancing its MJ-02 well, which has completed casing and is undergoing well stimulation and DST testing. All essential equipment for these operations is available in Israel despite logistical challenges. Additionally, Zion has submitted a petition for a three-year term approval for the #428 exploration license.
Zion Oil & Gas (OTCQX: ZNOG) has successfully completed the drilling phase of the Megiddo-Jezreel #2 (MJ-02) well in Israel, reaching a depth of 5,531 meters (18,141 feet). The well shows promising signs of hydrocarbons, sparking optimism for upcoming tests. The company will conduct comprehensive testing including neutron-density and sonic logs to further analyze the well's potential. All necessary equipment for testing is on-site as Zion prepares for this next crucial phase in their 99,000-acre license area.
Zion Oil & Gas (OTCQX: ZNOG) has successfully completed the second section of its Megiddo-Jezreel #2 (MJ-02) well, achieving a significant drilling milestone. The well has reached a true vertical depth, overcoming subsurface challenges faced in previous drilling. The company has initiated a new Limited Unit Program aimed at raising $2.5 million for its exploration efforts, offering investors the chance to purchase units priced at $250 each, which include common stock and warrants. The program runs until May 12, 2021, or until the funding goal is reached.
FAQ
What is the current stock price of Zion Oil (ZNOG)?
What is the market cap of Zion Oil (ZNOG)?
