DALLAS and CAESAREA, Israel, Oct.
16, 2019 /PRNewswire/ -- Zion Oil & Gas, Inc. (Nasdaq:
ZN) announces the completion of data acquisition for its
Megiddo-Jezreel 3-D seismic program.
"The crew has successfully completed the recording of the
Megiddo-Jezreel 3-D seismic program, and our contractor logged over
19,000 manhours incident-free along with zero environmental
damage," Zion's COO, Robert Dunn
said. "We have accomplished a significant task – the recording of
the largest onshore 3-D in Israel's history, and we look forward to the
interpretation of the data set."
"Not only is it the largest 3-D survey in Israel's history, but the data acquisition was
completed within a time frame not thought possible due to the hard
work, determination, faith, and courage of our team," stated Zion's
President, Bill Avery. "We are
moving forward with our exploration plan undeterred."
Zion's seismic acquisition covered over 72-square kilometers
within its Megiddo-Jezreel license. The final pickup phase of the
equipment has begun and will be completed by October 16th with the demobilization
target by October
Zion will send the data for processing to Agile Seismic, located
in Houston, Texas.
"Our team in Israel has done an
outstanding job getting this done so quickly," expressed Zion's
CEO, John Brown. "Please continue to
pray for our next steps as we process and interpret the data."
Zion Oil & Gas, a public company traded on NASDAQ (ZN),
explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel
"The Lord Himself goes before you and will be
with you; He will never leave you nor forsake you. Do not be
afraid; do not be discouraged."
"Sing to the Lord, for he has done glorious
things; let this be known to all the world. Shout aloud and sing
for joy, people of Zion, for great is the Holy One of Israel among you."
FORWARD-LOOKING STATEMENTS: Statements in this communication
that are not historical fact, including statements regarding Zion's
planned operations, anticipated attributes of geological strata
that may be drilled or tested in the future, Zion's ability to
successfully raise the funds needed to undertake these exploration
efforts; Zion's ability to continue as a going concern; Zion's
ability to comply with the continued listing requirements of the
Nasdaq Capital Market; the timing and completion of the 3-D seismic
survey and processing and the interpretation of the results,
operational risks in ongoing exploration efforts, Zion's ability to
raise the capital needed to complete the 3D survey and the
processing and interpretation of the results thereof, timing and
potential results thereof and plans contingent thereon are
forward-looking statements as defined in the "Safe Harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on assumptions that are
subject to significant known and unknown risks, uncertainties and
other unpredictable factors, many of which are described in Zion's
periodic reports filed with the SEC and are beyond Zion's control.
These risks could cause Zion's actual performance to differ
materially from the results predicted by these forward-looking
statements. Zion can give no assurance that the expectations
reflected in these statements will prove to be correct and assumes
no responsibility to update these statements.
VP, Marketing and Investor Relations
Zion Oil & Gas, Inc. (NASDAQ: ZN)
12655 North Central Expressway, Suite 1000, Dallas, TX 75243
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SOURCE Zion Oil & Gas, Inc.