🇮🇱 Zion Oil & Gas Update: January 30, 2025
January 30, 2025
Dear Zion Shareholders and Supporters,
We are pleased to bring you the latest update as we continue progressing toward the next critical phase of operations at our Megiddo-Jezreel #1 (MJ-01) well.
As we have previously shared, logistical and geopolitical challenges necessitated an operational pause at the wellsite over recent months. Thankfully, we are preparing to launch our targeted re-completion work on the MJ-01 well in Q1 as expected. Our rig crew is informed and scheduled to arrive in Israel in the latter part of February to commence rig startup procedures. This includes minor repairs and maintenance, as well as drilling out the temporary plug that has been sealing MJ-01 during the pause. Once this work is complete, the team will focus on preparing both the location and the wellbore for the upcoming recompletion operation.
While our crew carries out these preparations, the necessary stimulation, well testing, and nitrogen equipment will be transported from various locations in Europe to Israel. Based on current projections, we anticipate receiving this equipment on-site in March, subject to final availability and shipping schedules.
Following equipment arrival, our plan is to proceed with rigging up, setting a bottom plug, and installing a swell plug, which is an essential step to isolate the targeted zone of interest. Once the plug has properly set, we will run in hole with the stimulation equipment, stimulate the zones, and initiate flowback operations.
Flowback duration will depend on well response; if all key components come together as expected, we anticipate completing these operations in early Q2.
While there are always variables in an operation of this nature, our team remains optimistic about the timeline and continues working diligently to achieve success.
As always, we deeply appreciate your ongoing support and prayers. We remain steadfast in our mission and will continue to provide updates as we progress.
Warm regards,
Rob Dunn
CEO
Zion Oil & Gas, Inc.
I waited patiently for the Lord; And He inclined to me and heard my cry.”
Psalm 40:1 NASB
“Then they said, “Let us arise and build.” So they put their hands to the good work.”
Nehemiah 2:18b NASB
