Zion Oil And Gas Inc - ZNOG stock
Overview[edit]
Zion Oil & Gas Inc (OTC: ZNOG) is an oil company founded by John M. Brown on April 6, 2000[1], located in CAESAREA, Israel, with an offshore office in Dallas, TX. Zion oil specializes in finding economically recoverable petroleum and natural gas deposits in the country and possesses three petroleum exploration licenses: the Joseph License, which covers an area of about 83,272 acres; the Asher-Menashe License, which covers an area of about 78,824 acres; and the Jordan Valley License, which covers an area of about 55,845 acres in the Jordan Valley area.[2]
Zion Oil & Gas's goal is to actively explore for oil and gas in Israel, using cutting-edge technology and sound business principles. Zion's oil and gas exploration efforts are backed up by geological, geophysical, and other science-based investigations and surveys that are normally conducted by oil and gas exploration corporations.[3]
Leadership[edit]
John M. Brown[edit]
Since the Company's inception in April 2000, John M. Brown, the Company's founder, has served as Chairman of the Board of Directors. Mr. Brown has substantial managerial, marketing, and sales expertise, having served as corporate director of purchasing at GTE Valeron, a GTE Corporation subsidiary, from 1966 to 1986 and as corporate director of procurement at Magnetek, Inc. from 1988 to 1989. Mr. Brown was also an officer and director of M&B Holding Inc., a cement wall and floor provider for industrial structures, office buildings, and housebuilders, until 2012.[4]
Projects[edit]
Megiddo[edit]
Zion has a license to explore for oil and gas on 75,000 acres in Israel.[5] The company's testing program at the MJ #1 well was completed in the fourth quarter of 2018. While the company believes the well confirmed a working hydrocarbon system, the test findings revealed that the MJ #1 well did not contain commercial levels of hydrocarbons in the zones examined.[6]
However, the MJ#02 well was recently completed to a total depth of 5,531 meters (18,141 feet), with a six-inch (6") open hole at that level. There are hopeful signs of commercially viable hydrocarbons in the core zone of interest. During the following weeks, a complete set of rigorous and exhaustive tests, including neutron-density, sonic, gamma, resistivity records, and testing, will begin. Additional zones of interest may be developed and tested based on these logs and analysis.[7]
- ↑ wsj.com. ZNOG Company People. Retrieved on 1/11/2024.
- ↑ annualreports.com. Zion Oil and Gas Inc. Retrieved on 1/11/2024.
- ↑ zionoil.com. Vision. Retrieved on 1/11/2024.
- ↑ zionoil.com. Vision - Leadership. Retrieved on 1/11/2024.
- ↑ PR Newswire. Zion Oil & Gas, Inc. Announces Award of New Megiddo Valleys License 434 Allowing for Ongoing Oil And Gas Exploration in Israel. September 14, 2023.
- ↑ PR Newswire. Zion Oil & Gas Confirms Active Petroleum System in Megiddo-Jezreel #1 Well In Israel. August 16, 2018.
- ↑ PR Newswire. Zion Oil & Gas Completes Drilling Phase of the Megiddo-Jezreel #2 (MJ-02) Well in Israel. November 23, 2021.
OTC Symbol: ZNOG | OTC Tier: OTCQB
