🇮🇱 Zion Oil & Gas Update: December 10, 2024

Zion Oil & Gas, Inc.No CommentsBlogs, Exploration Updates, News, Operations, Updates
December 10, 2024

 

Dear Zion Shareholders and Supporters,

We are grateful that our staff, rig, drill/recompletion site, and offices remain safe and unharmed despite the recent conflict in Northern Israel.

After careful engineering evaluations, we have chosen to pivot from the planned fishing operation, focusing on the larger upper zones. Technical challenges with the deep 4.5” casing section prompted us to pursue an alternative solution that prioritizes the well’s long-term potential and viability.

We will proceed with stimulation at a stable depth, focusing on the upper, larger zones. Our team is coordinating the necessary mobilization/logistics involved in importation of equipment and manpower into the north ports of Israel. Additionally, we are ensuring our team, the drilling crew’s visas, and all resources are ready for an early start in Q1 2025.

We will also extend our current Unit Program until February 28, 2025. This extension gives investors additional time to participate and support our crucial mission for Israel. You may view details on our website: https://www.zionoil.com/dspp

Your continued support and prayers are vital for our organization and staff /family members currently deployed in the conflict. We are especially encouraged by our monthly prayer times via Zoom, which have brought together around 300 participants from 15 nations each time. We know these prayers are a powerful part of our work in Israel, and we see these prayers being answered in both small and big ways.

As we approach the holidays, we want to wish you a Merry Christmas, Happy Hanukkah, and a Happy New Year!

Warm regards,
Rob Dunn
CEO
Zion Oil & Gas, Inc.

“Trust in the Lord, and do good;
Dwell in the land, and feed on His faithfulness.
Delight yourself also in the Lord,
And He shall give you the desires of your heart.
Commit your way to the Lord,
Trust also in Him,
And He shall bring it to pass.”
Psalm 37:3-5

“Blessed is the man who trusts in the Lord,
And whose hope is the Lord.
For he shall be like a tree planted by the waters,
Which spreads out its roots by the river,
And will not fear when heat comes;
But its leaf will be green,
And will not be anxious in the year of drought,
Nor will cease from yielding fruit.”
Jeremiah 17:7-8

Extended…

Unit Program February 28

For each $250.00 UNIT you receive:

    • Common stock at the average of the high and low sale price on OTC: ZNOG for the day if purchased before 4:00pm EST. Purchases after 4:00pm EST will receive the following day’s high-low average.
    • 50 Warrants with an exercise price of $0.25 each.

    Note: Those who purchase UNITS and sign up (or are already enrolled) for Automatic Monthly Investments (AMI), will also receive: 50 Additional Warrants if at least $50/month (one time only).

    Warrants exercisable for 12 months (one year) from March 31, 2025 to March 31, 2026

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