“Breaking The Treasure Code” Tells the Story of Israel’s Oil Discovery
January 10, 2012 by admin · 55 Comments
Israel sitting on 1.7 billion barrels of oil and 122 trillion cubic feet of natural gas? An ancient Bible prophecy fulfilled?
Yes!
Breaking the Treasure Code: The Hunt For Israel’s Oil tells the story of the prophecy leading to Israel’s oil discovery and its fulfillment today. In light recent exploration and of Israel’s breaking news of a massive natural gas discovery off the coast of Haifa, this book and its implications are more relevant today than ever.
Joel Rosenberg, author of Epicenter says, “Israel? Proven Reserves? Billions? When I read those words, the hair on the back of my neck stood ss.comup … Little did I know.”
Joseph Farah of World Net Daily says, “If you read one book on Israel in prophecy this year, pick this one.”
Jack Kinsella of The Omega Letter says, “Breaking the Treasure Code is both fascinating and relevant.”
If you haven’t read this important book yet, get it, read it, and watch Bible prophecy unfold into one of the greatest news stories of this century!
Buy Breaking the Treasure Code: The Hunt for Israel’s Oil by clicking the ‘Add to Cart’ button below, or order by phone toll free (888) 543-8028. (P.S. Don’t forget to order an extra copy to share with your pastor, a relative or friend.)
The Oil of Israel: Prophecy Being Fulfilled
June 10, 2010 by admin · 14 Comments
The Oil of Israel:Prophecy Being Fulfilled
The Oil of Israel: Prophecy Being Fulfilled
by: John Brown
78 pages; softcover
The Oil of Israel: Prophecy Being Fulfilled, the first book by Zion Oil & Gas Founder John Brown telling the story of Brown’s vision to discover the “Oil of Israel”. Includes Brown’s personal testimony and the scriptures that led to the search for Israel’s oil and the founding of Zion Oil & Gas. Brown shares his insights on true biblical faith and the vision and calling of Zion Oil. The book includes the full color maps of Israel’s ancient tribal boundaries and of Zion’s license area as well Zion’s progress to date in the search for Israel’s oil.
John Brown writes in the Preface: “So, why did God choose Zion to discover the oil in Israel? The answer is I don’t know why, but He did, and I believe I was told by God that it was to fulfill His promises to Israel (Isaiah 14:24) (Zechariah 1:17) and to bless the body of Christ. (Isaiah 23:18 NIV) and Zion Oil only exists because of God’s faithfulness to Israel (Psalms 36:5, 89:1-5) and not because of my faith (Isaiah 25:1).”
“Prophetically, I believe oil will be found on Zion’s leases.”
HAL LINDSEY
“John Brown, an evangelical Christian and founder and chairman of Zion Oil and Gas, believes that there is indeed oil in Israel.”
DR DAVID JEREMIAH
“This is such a vital, vital thing; we shouldn’t be surprised at all that God would save this for the end times and that God would save it for his chosen people Israel. We need to pray for John Brown, for Zion Oil and for all the people that are involved in this.”
Daystar Founder
MARCUS LAMB
“Suppose that a pool of oil, greater than anything in Arabia … were discovered by the Jews … This would change the course of history. Before long Israel would be able to independently solve its economic woes …”
DR TIM LAHAYE
“Israel? Proven reserves? Billions? When I read those words, the hair on the back of my neck stood up … By the time I sat down to write ‘Jihad’, I had decided to add a fictional oil strike – discovered by a fictional American investment
company working with a fictional Israeli company … Little did I know.”
JOEL ROSENBERG
“Dear John, I will continue to pray earnestly for the success and unlimited prosperity of Zion Oil in Israel. A major oil development in Israel would create geopolitical earthquake. I believe you have been called to the kingdom, ‘For such a time as this.’”
Most Sincerely,
Pastor John Hagee
78 pages; softcover:
The Great Treasure Hunt
March 28, 2010 by admin · 22 Comments
Would you like to know?
* Where the greatest treasure in the world is buried?
* Why Russia will attack Israel?
* The secret behind the battle of Armageddon?
This is Special 25th Anniversary Edition of Jim Spillman’s The Great Treasure Hunt, the book that started the search for oil in Israel based on God’s promise to the Children of Israel in the Bible.
Completely redesigned and digitally reformatted, this special edition printing contains the all of the text and maps from Jim Spillman’s original The Great Treasure Hunt.
Jim Spillman, author, Greek scholar, historian, evangelist, and Christian educator was widely known for his charismatic ministry and personality. As an evangelist and author Jim used his unique mix of spiritual and educational depth with humor to reach people where they were. Audiences around the world were captivated by the power of God demonstrated in his life and brought to Christ for salvation, baptism, healing, and other mighty works of renewal.
Jim left this earth for his eternal home in late 2002. His work, however, continues to touch people’s lives through books, and recorded material that remain as fresh and relevant today as when they were first produced.
[calameo code=00001245930d5ebaa848c lang=en width=240 height=147 clickto=embed clicktarget=_blank clicktourl= autoflip=0 showarrows=1 mode=mini]
The Great Treasure Hunt by: Jim Spillman,
$9.95 (plus shipping)
Israel’s Biblical Oil Explorers
March 27, 2010 by admin · 3 Comments
THE SEARCH FOR OIL IN THE LAND OF ISRAEL
A BIBLICAL TREASURE HUNT
By Philip Mandelker
APPENDIX
SCRIPTURALLY INSPIRED / INFLUENCED PETROLEUM
EXPLORATION IN ISRAEL
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1. Company: Asher Oil Company
Founder: Wesley Hancock. California based. A family company was active in oil and gas exploration in the United States.
Scriptural Basis: Blessing of Asher in Deuteronomy and story of Elijah’s sacrifice in I Kings.
Period of Activity: Early-middle 1960s.
Area of Activity: North-east flank of Mt. Carmel overlooking the plain of the Kishon Stream.
Primary Activity: Drilling of two wells:
(i) Asher #1: 1963 – drilled to 2,391 meters (7,845 ft) to a target in the Middle Jurassic. Results: Dry.
(ii) Asher #2: 1965 – drilled to 1,314 meters (4,311 ft) to a target in the Middle Jurassic. Results: Dry
Related Non-Scripturally Inspired Drilling:
In 1975, Sonol, a major Israeli gasoline marketing company reentered the Asher #2 well and deepened it to 2,596 meters (8,517 ft) to a target in the Early Jurassic. In 1980, OEL, an Israeli-government exploration company drilled the Asher #3 near the first two Asher wells to 574 meters (1,883 ft) to a Cretaceous target. Both these wells were dry.
2. Company: Energy Exploration Inc.
Founder: Andy Sorelle. Texas based petroleum engineer and wildcatter.
Scriptural Basis: Blessing of Asher in Deuteronomy
Period of Activity: First half of 1980s.
Area of Activity: Coastal plain between Mt. Carmel and the Mediterranean Sea, specifically in the area of the town of Atlit.
Primary Activity: Drilling of one well in two stages:
(i) Atlit #1: 1981 – drilled to 5,273 meters (17,301 ft) to a target in the Early Jurassic. Results: Dry
(ii) Atlit #1 Deep: 1982-1983 – deepened the Atlit #1 to 6,531 meters (21,428 ft) to target in Late Triassic. Results: asphalt and then light oil shows in cuttings before well was lost for technical reasons.
3. Company: Moriah Exploration
Founder: Gilman Hill. Colorado based geoscientist active in oil and gas exploration and developer of exploration technology.
Scriptural Basis: Story of Elijah’s sacrifice in I Kings and the Blessing of Asher in Deuteronomy.
Period of Activity: Early and mid-1980s.
Area of Activity: Mt. Carmel near the traditional site of the Elijah sacrifice.
Primary Activity: Drilling of two wells in 1980 and 1986:
(i) Elijah #1: 1980 – drilled to 2,682 meters (8,800 ft) to a target in the Middle Jurassic. Results: Dry.
(ii) Elijah #2: 1986 – drilled to 651 meters (2,136 ft) to a target in the Cenomanian. Results: Dry.
4. Company: Ness Energy
Founder: Harold “Hayseed” Stephens. A Texas oil and gas explorationist and operator.
Scriptural Basis: Genesis stories of Sodom and Gomorrah and a long series of scriptural references in various books of the Old Testament.
Period of Activity: 1980s and late 1990s-2001.
Area of Activity: Area surrounding the southwest quadrant of the Dead Sea and adjacent areas.
Primary Activity: Participation in drilling of one well in 1985; acquisition of certain exploration licenses in the late 1990s. The well, the Har Sedom #1 was targeted to be drilled to about 3,500 meters about 11,500 ft), but was lost for technical reasons at 1,818 meters (5,965 ft) in the Pliocene. The exploration licenses were lost following the failure of Ness to meet its obligations under the licenses to commence the drilling of wells on the license areas.
Related Non-Scripturally Inspired Drilling Activity
The Har Sedom #1 project and well were developed and operated by an Israeli commercial oil exploration company, Seismica. Ness Energy held a minority working interest (about 15%) in the well.
5. Company: Hoshana Oil Company
Founder: Bernard Coffindaffer. West Virginia based evangelical minister and missionary.
Scriptural Basis: Blessings of Asher, Zebulon and Issachar in Deuteronomy
Period of Activity: Early 1990s
Area of Activity: Southern flank of Mt. Carmel and the Valley of Jezreel just east of the South-eastern flank of Mt. Carmel.
Primary Activity: Acquisition of an exploration license and reprocessing and analysis of seismic data. License lapsed with no progress made towards drilling of well.
6. Company: Camberly Exploration
Founder: Lyle Harron. Canadian oil and gas explorationist.
Scriptural Basis: Blessings of Asher in Deuteronomy
Period of Activity: Early-middle 1990s.
Area of Activity: Coastal plain between Mt. Carmel and the Mediterranean Sea.
Primary Activity: Drilling of one well:
(i) Atlit #2: 1996 – drilled to 1,633 meters (5,388 ft) to a target in the Early Cretaceous. Results: Dry.
7. Company: Givot Olam Oil Exploration
Founder: Tovia Luskin. Russian born and educated geophysicist, active in oil and gas exploration in Canada and Australia, before moving to Israel.
Scriptural Basis: The Blessings of Joseph in Genesis and Deuteronomy
Period of Activity: 1990s to date
Area of Activity: Eastern portion of Sharon Plain between Netanya and Modiin
Primary Activity: Drilling of three wells commencing in 1994:
(i) Meged #2: 1994 – drilled to 5,200 meters (17,061 ft) to a target in the Triassic. Results: 400 API Silurian aged oil recovered from the Middle Triassic.
(ii) Meged #3: 2000 – drilled to 4,742 meters (15,683 ft) to a target in the Triassic. Results: Oil and gas shows in the Middle Triassic, but reservoir of very poor quality (very low porosity and permeability.)
(iii) Meged #4: 2002/3 – drilled to 4,919 meters (16,139 ft) to a target in the Triassic. Results: 360 API Silurian aged oil recovered from the Middle Triassic. Attempts in 2005 to drill a horizontal bore-hole in the well in an attempt to recover the oil which is located in tight reservoir rock failed apparently for technical reasons, with the well abandoned following loss of equipment in the horizontal bore.
Plans underway to drill another Meged well and attempt to develop the Meged field discovery, which was recognized by the Israel Petroleum Commissioner in 2004.
8. Company: Zion Oil & Gas, Inc.
Founder: John Brown. Michigan and Texas based businessman with roots in the machine-tool industry and active in building contracting sectors.
Scriptural Basis: The Blessings of Joseph in Genesis and Deuteronomy.
Period of Activity: 1990s to date.
Area of Activity: Manasseh hills and Sharon plain from the southern flanks of Mt. Carmel to Netanya.
Primary Activity: Drilling of a well in 2005:
(i) Ma’anit #1: (Re-entry) 2005 – deepening of previously abandoned Ma’anit #1 from 2,335 meters (7,661 ft) to 4,719 meters (15,483 ft) to targets in the Middle and Early Triassic. Results: The company announced that during drilling and completion operations, the well had numerous significant oil and gas shows in a 2,100-foot interval.
Analysis of the results of the well is continuing and future activity, including designing comprehensive completion procedure and drilling of an appraisal well being considered.
Related Non-Scripturally Inspired Drilling Activity:
The Ma’anit #1 was originally drilled to 2,335 meters (7,661 ft) in 1995 by an Israeli commercial oil exploration company, Sdot Neft. Though originally targeted to 4,500 meters (14,765 ft), it was abandoned as a dry hole after Sdot Neft ran out of money
(for a PDF Download of Philip Mandelker’s entire study go to: http://www.oilinisrael.net/resources/biblical-treasure-hunt-free-pdf)
Zion Oil & Gas Newsletter March 19, 2010
March 19, 2010 by admin · 2 Comments
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Zion Oil & Gas Newsletter
March 19, 2010
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Dear Shareholder and/or Friend of Zion…
My last update to you was on March 5, 2010. During the past two weeks, we have continued our completion work on the Ma’anit-Rehoboth #2 well. As you can read below, this includes setting packers in the wellbore and perforating the formation by lowering explosives into the well:
On March 16, 2010, Zion’s financials for the 2009 calendar year were filed with the SEC. If you want to review them please click here. They are also available through our website.
NRB Conference – March 2010
During the past two weeks, a team from Zion attended the National Religious Broadcasters (NRB) Conference in Nashville, Tennessee. The NRB is a non-partisan, international association of Christian communicators whose member organizations represent millions of listeners, viewers and readers. Those attending showed much interest in Zion Oil & Gas and Zion’s Founder and Chairman, John Brown, gave a number of media interviews at the Conference.
NRB Conference – March 2010
Also visiting the NRB conference was Tom Boulting of Charter Films Ltd. Tom is planning to film a documentary about John Brown and Zion Oil & Gas, Inc. with the title ’49:1 The Zion Story’ He has already established a website for the project at www.zionthemovie.com, including a trailer that you may be interested to watch.
Last week, the Jerusalem Post reported that the Founder and former Chairman of Markstone Capital Group, one of the largest private equity firms investing in Israel, visited Israel and attended the Economic Energy Conference in Tel Aviv. The report notes that, at the conference, he expressed much interest in the Israeli energy sector, which he believes will become significant for the economy and has the potential to lead Israel toward energy independence.
It is clear the Israeli energy sector continues to attract a very high level of interest.
………………………………………………………
Here is this week’s operations update
The Ma’anit-Rehoboth #2 Wellsite on Thursday March 18, 2010
The Ma’anit-Rehoboth #2 Well
Since the previous report, we have been working towards the first production test of this well. We have “conditioned” the hole with clean, filtered fluid (a potassium chloride solution that is compatible with the reservoir rock), successfully perforated the first test interval of approximately 20 meters (see the sample illustrations above), acidized the interval, rigged up Schlumberger Oilfield Services Company, and ran in the hole with their production testing tools. By the time this report is published, the first production test should be underway.
During the acidizing operations, we used a 15% hydrochloric acid solution designed to dissolve any rock debris that may have collected in the newly formed perforation channels and to help clean out the near wellbore rock from any residual drilling mud.
The acid solution contains various additives that serve different roles as part of the overall acid “recipe”: a de-emulsifier that ensures fluid stability; a surfactant (wetting agent) that improves fluid flow by reducing friction; a corrosion inhibitor that protects the pipe from the corrosive effects of the acid; and a solvent which helps to clear any plugging caused by hydrocarbons in the rock pore throats.
Surface pressures observed during the acidizing operation suggest that the job successfully achieved its objectives and that we are now ready to production test the flow potential of the first interval.
To begin the production test, we first create a pressure differential in the wellbore. We do this by estimating the pressure in the rock formation of the test interval and then reduce the hydrostatic pressure in the production pipe (run in the wellbore to near the test interval) to a much lower pressure.
This is done by evacuating the fluid column in the production pipe using nitrogen gas which is possible since the production pipe can be physically isolated from the wellbore. When we are ready to begin the test, we open the production pipe to the test interval and the large pressure imbalance creates the energy for any fluids and gases in the rock to flow to the wellbore and, ideally, to the surface.
We have measuring devices in the well and at the surface, in order to obtain a very accurate reading on pressures and flow rates that will ultimately be used to estimate the amount of producible hydrocarbons within the reservoir rock, if any.
Following this initial test, we will move down hole, where we will test an interval in what is now the ‘open hole’ section of the well. The timing for this next test will depend largely on the outcome of the first test.
Many different factors have to be taken into account when determining how long to production test an interval in an exploration well. A test can run from a few hours to several days and shorter tests don’t necessarily mean bad news just as longer tests don’t necessarily mean good news. We have done what is required to ensure a ‘good’ test… now it is up to the well!
So, at this critical point in our exploration effort, as the Aladdin Middle East, Baker Hughes and Schlumberger specialist teams move forward with their work, let’s all pray for them to reach success… (Deuteronomy 4:7).
Operations at the Elijah #3 Well
(No change from previous report.)
The Elijah #3 well was drilled to a depth of approximately 10,938 feet (3,334 meters) when the drill string became stuck within the Asher Volcanics section of the hole. After recovering a significant portion of the stuck drill pipe, progress in recovering the remainder of the pipe slowed and the decision was made to temporarily suspend drilling operations pending further analysis of the situation and to relocate the rig to the Ma’anit-Rehoboth #2 well.
We are currently assessing various options that should enable us to proceed with the ‘next steps’ for this well.
The Issachar-Zebulun Permit Area
As reported previously, Zion and the Geophysical Institute of Israel (GII) have signed an Agreement for GII, on behalf of Zion, to acquire approximately 30 kilometers of seismic data in Zion’s Issachar-Zebulun Permit area.
The timing for the field work is scheduled to take place mid-summer 2010.
“In your good pleasure, make Zion prosper…”
Psalm 51:18
Thank you for your support of Zion, and
Shalom from Israel
Richard Rinberg
CEO of Zion Oil & Gas, Inc.
www.zionoil.com
FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, geophysical and geological data and interpretation, anticipated attributes of geological strata being drilled, drilling efforts and locations, the presence or recoverability of hydrocarbons, timing and potential results thereof and plans contingent thereon and sufficiency of cash reserves 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.
Contact Information
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More information about Zion is available at www.zionoil.com or by contacting Michael Williams at Zion Oil & Gas, Inc., 6510 Abrams Rd., Suite 300, Dallas, TX 75231; telephone 1-214-221-4610; email: dallas@zionoil.com
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Zion Oil Update February 12, 2010
February 12, 2010 by admin · 2 Comments
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Zion Oil Update February 5, 2010
February 5, 2010 by admin · Leave a Comment
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Zion Oil Update Jan 29, 2010
February 3, 2010 by admin · Leave a Comment
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Zion Oil & Gas Newsletter
January 29, 2010
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Dear Shareholder and/or Friend of Zion…
On Sunday, January 24, 2010, the Jerusalem Post ran an article on William “Tex” Moncrief, a Texas billionaire wildcatter. In particular, one quote from “Tex” Moncrief caught my eye:
“Sometimes, when you don’t find what you’re looking for, you have to just keep on going.”
No argument from me, as that’s just what Zion Oil & Gas is about. However, I do believe that we are now beginning to find what we are looking for.
The past week has been eventful, both for the rig crew and support staff at the rig site and the administrative staff at Zion’s offices.
As you can read below, we have almost concluded (successfully, we hope and believe) the fishing operation at the Elijah #3 site, seen more crude oil at the Ma’anit-Rehoboth #2 well site, agreed to terms for the field seismic acquisition on the Issachar-Zebulun Permit area and planned for the future by filing ‘shelf offering’ documentation with the SEC. Please read on for more details and explanation.
………………………………………………………
Here is this week’s operations update.
Drilling Operations at the Elijah #3 Well
The Elijah #3 site
In last week’s update, I noted that we had drilled the Elijah #3 to a depth of approximately 10,938 feet (3,334 meters) and that the drill string was stuck within the Asher Volcanics section of the hole.
I also explained that, in order to free the pipe, we had implemented a fishing procedure with specially constructed tools suited to our specific requirements.
Last week, we had initial success with a ‘back off’ operation (unscrewing the stuck pipe with a ‘string shot’ – an explosive cord) and then, this past week, we ran ‘wash pipe’ (large diameter pipe) in order to ‘wash over’ the remaining fish in the hole.
At the current rate of penetration through the Asher Volcanics, we expect that, very early next week, we will be able to access the fish and begin its retrieval from the hole, so we are now ‘cautiously optimistic’ that, next week, we will be able to resume drilling towards our target depths.
I am reminded of a phrase that I heard many years ago: “Success is defined by how high you bounce, when you hit the bottom.”
Our drill pipe became stuck near the bottom of the well, but we are working through the problem and expect to resume drilling… hopefully to the success that we believe will come… in G-d’s good time. (Ecclesiastes 3:1)
The Ma’anit-Rehoboth #2 Well
The Ma’anit-Rehoboth #2 Well Site, showing the well head
Left to Right: Dr. Eli Tannenbaum, Dr. Eliezer Kashai (Zion’s Vice President – Israeli Exploration), Stephen Pierce (Zion’s Exploration Manager)
The Ma’anit-Rehoboth #2 well was drilled to a depth of 17,913 feet (5,460 meters). The well penetrated a number of geologic formations that have been preliminarily deemed to have hydrocarbon potential and we retrieved a small quantity of crude oil.
As you can see in the photograph above, Dr. Eli Tennenbaum met with our senior geologists and delivered the preliminary analysis of the samples recovered at the Ma’anit-Rehoboth #2 well. The samples were confirmed to be crude oil.
The chemical composition of the oil indicated that it was not, as we expected, oil from the Triassic geological period, but from the Cretaceous geological period and similar in nature to that recovered by others in the Dead Sea area.
Our geologists are now working on their analysis of the possible alternatives for the migration of the Cretaceous oil from Cretaceous source rocks into Triassic reservoir rocks.
The good news is that Israel has a very large extent of late Cretaceous source rock, so this is positive for the potential quantities of oil that may be hidden underneath Israel’s continental shelf.
The current working hypothesis of our geologists is that the oil matured offshore Israel and migrated both horizontally and vertically to structurally higher but older Triassic rock, onshore Israel. As both oil and gas are lighter than water, they always migrate vertically, but in our license area, the oil seems to have also migrated horizontally.
As I mentioned last week, since we completed drilling the well, we periodically open a surface valve to release pressure that builds up in the well. This past week one of our staff opened a surface valve and (again) found that there was crude oil and possible condensate.
To repeat, we are unsure as to whether we have made a discovery of any hydrocarbon reservoir or, if such a reservoir exists, whether it would be commercially viable, but this well does give us constant cause for optimism.
The Issachar-Zebulun Permit Area
Left to Right: Dr. Eliezer Kashai (Zion’s Vice President – Israeli Exploration), Stephen Pierce (Zion’s Exploration Manager), Dr. Uri Frieslander (GII), Gerald Brounstein (Zion’s outside counsel)
On Sunday, January 24, 2010, we held a meeting with Dr. Uri Frieslander of the Geophysical Institute of Israel (GII), in order to agree the remaining details regarding our planned field seismic acquisition of approximately 30 kilometers of field seismic, in the Issachar-Zebulun Permit area.
Due to GII’s schedule, the field work is now scheduled to begin in mid-April 2010 and last until mid-May 2010.
We have agreed the contract details and I have signed the contract. I am now waiting for GII’s authorized signatory to sign on GII’s behalf. I have been told by GII that he will sign the contract on Sunday, January 31, 2010.
Below this update you can read the press release that we issued on Thursday, January 28, 2010, just after we filed a registration statement for a ‘shelf offering’, with the U.S. Securities and Exchange Commission (SEC). This is part of our forward-looking ‘strategic planning’.
After being declared effective by the SEC, the shelf registration statement will allow Zion, should it be needed (and subject, of course, to market conditions then prevailing) to sell its securities to a maximum of $50 million in gross proceeds. Details as to any such sales, if they occur, would be included in reports subsequently filed with the SEC.
The good news is that, once the registration statement is declared effective, Zion will have tremendous flexibility. So, until we have a firm need, we don’t have to define either the stock price or the quantity of stock being offered.
To quote from the press release:
“Zion Oil does not currently have any commitments or specific plans to sell securities.”
“Zion intends to use the net proceeds from any sale of securities under the shelf registration statement for Zion’s multi-well drilling plan, including costs associated with drilling operations, drilling equipment, completion operations, production equipment, seismic acquisition or general corporate purposes.”
We continue to attract attention in interest in our work. On January 24th, GLOBES (Israel’s premier business daily) ran a large (and positive, I believe) article on Zion Oil & Gas, Inc.
I can tell you that I am really looking forward to next week, as I believe that we will see the fruition of the last few weeks’ work and the end to the frustration of the stuck pipe in the Elijah #3 well. Such is life.
“In your good pleasure, make Zion prosper…”
Psalm 51:18
Thank you for your support of Zion, and
Shalom from Israel
Richard Rinberg
CEO of Zion Oil & Gas, Inc.
www.zionoil.com
FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, geophysical and geological data and interpretation, anticipated attributes of geological strata being drilled, drilling efforts and locations, the presence or recoverability of hydrocarbons, timing and potential results thereof and plans contingent thereon and rights offering 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.
NOTICE
Zion Oil & Gas, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Zion Oil & Gas and its offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Zion Oil & Gas will send you the prospectus if you request it by calling toll free 1-888-TX1-ZION ( 1-888-891-9466 ).
Contact Information
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More information about Zion is available at www.zionoil.com or by contacting Michael Williams at Zion Oil & Gas, Inc., 6510 Abrams Rd., Suite 300, Dallas, TX 75231; telephone 1-214-221-4610; email: dallas@zionoil.com
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PRESS RELEASE – JANUARY 28, 2010
ZION OIL FILES SHELF REGISTRATION STATEMENT
Dallas, Texas and Caesarea, Israel – January 28, 2010 – Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that it has filed a Form S-3 shelf registration statement with the Securities and Exchange Commission (SEC). When declared effective by the SEC, Zion will have the option to offer and sell, from time to time in one or more offerings, up to $50 million of common stock, debt securities, warrants to purchase any of these securities, or any combination of such securities. The securities may be offered in one or more offerings, and at prices subject to prevailing market conditions to be set forth in a supplemental prospectus filing with the SEC at the time of such offering, should such an offering occur. Zion Oil does not currently have any commitments or specific plans to sell securities.
Zion intends to use the net proceeds from any sale of securities under the shelf registration statement for Zion’s multi-well drilling plan, including costs associated with drilling operations, drilling equipment, completion operations, production equipment, seismic acquisition or general corporate purposes.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any prospectus supplement that may be issued with respect to such offering.
A copy of the final prospectus and prospectus supplement relating to any offering under the registration statement will be filed with the SEC and may be obtained, when available, by contacting Zion Oil & Gas, Inc., Attn: Investor Relations, 6510 Abrams Road, Suite 300, Dallas, Texas 75231, telephone number 214-221-4610.
About Zion Oil & Gas, Inc.
Zion Oil & Gas, a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Haifa and Tel Aviv. It currently holds two petroleum exploration licenses, the Joseph and the Asher-Menashe Licenses, between Netanya in the south and Haifa in the north, covering a total of approximately 162,000 acres and the Issachar-Zebulun Permit Area, adjacent to and to the east of Zion’s Asher-Menashe license area, covering approximately 165,000 acres. Zion’s total petroleum exploration rights area is approximately 327,000 acres.
Zion’s common stock trades on the NASDAQ Global Market exchange under the symbol “ZN” and Zion’s warrants trade under the symbol “ZNWAW”.
FORWARD LOOKING STATEMENTS: Statements in this press release that are not historical fact, including statements regarding Zion’s operations and planned operations are forward-looking statements as defined in the “Safe Harbor” provision 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, including, without limitation, the ability to cause the shelf registration statement declared effective by the SEC. 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.
Contact:
Brittany Russell
Zion Oil & Gas, Inc.
6510 Abrams Rd., Suite 300
Dallas, TX 75231
(1) 214-221-4610
Email: brittany@zionoil.com
Zion Oil Jan 15 Update
January 22, 2010 by admin · Leave a Comment
Zion Oil & Gas Newsletter
January 15, 2010
Dear Shareholder and/or Friend of Zion…
There has been quite some discussion by our staff regarding Zion’s weekly updates, as not every week contains ‘news to report’ on every part of our exploration license and permit areas.
The general feeling was that if there is nothing new to report then we should simply state that fact. There will be weeks with much to report and there will be weeks with little to nothing new to report.
Turning to the Book of Ecclesiastes (1:9-10), there is the well known comment:
What has been will be again, what has been done will be done again; there is nothing new under the sun.
Is there anything of which one can say, “Look! This is something new”? It was here already, long ago; it was here before our time.
So, I am not going to continually repeat information that has already been sent to you. Where there is ‘no news to report this week’, I will write just that. But you can be certain that we are doing our best to move Zion’s exploration program forward… every day of every week.
This past week, Zion’s Founder and Chairman, John Brown, visited Israel together with Bill Ottaviani, a Petroleum Engineer who spent 25 years (1982 to 2007) working for Chevron Corporation in various countries and then two years (2007-2009) as Chief Operating Officer of Rex Energy, helping to build up Rex Energy in the USA. John Brown invited Bill Ottaviani to visit Israel as a prospective candidate for Zion’s Board and to review our operations and help advise us regarding some of the recommendations currently under technical evaluation.
Also, this week, we were visited by a team from ‘Halman-Aldubi Group’ one of Israel’s leading institutional Investment Management groups. Halman-Aldubi is the only company in Israel that deals with the management of provident funds on behalf of the public and is completely independent.
There was some Israeli Oil & Gas news released in Israel, this week. On Wednesday, January 13, 2010, the Jerusalem Post noted that Prime Minister Binyamin Netanyahu has ordered work to begin, this month, on a natural gas pipeline that will run from Dor Beach, south of Haifa, up to the oil refineries in Haifa. The significance of the Israeli government continuing to build the onshore natural gas pipeline infrastructure is that, in the event that we are successful in finding and producing commercial quantities of natural gas, the supply and distribution of that natural gas should be possible through the onshore pipeline system.
Here is this week’s operations update.
Drilling Operations at the Elijah #3 Well
The Elijah #3 site L to R: Bill Ottaviani, Richard Rinberg (Zion’s CEO), John Brown (Zion’s Founder and Chairman), Eyal Shuker (Investment Manager at Halman-Aldubi), Sandra Green (Zion’s CFO) and two analysts from Halman-Aldubi
The Elijah #3 well has been cased from the surface down to 6,706 feet (2,044 meters).
For the period from ‘spudding’ the well (that is ‘beginning drilling operations’) to December 31, 2009, we drilled to a depth of approximately 9,186 feet (2,800 meters), at an average rate of penetration of approximately 131 feet (40 meters) per day.
As of this morning, the Elijah #3 well has been drilled to a depth of approximately 10,938 feet (3,334 meters).
Both last week and this week, we have been drilling in the Asher Volcanic Complex, composed of tuffs, weathered basalts, non-weathered basalts, red shales and red and tan mudstones.
The Ma’anit-Rehoboth #2 Well
The Ma’anit-Rehoboth #2 Well Site, showing the well head
No additional news to report this week.
The Ma’anit-Rehoboth #2 well was drilled to a depth of 17,913 feet (5,460 meters). The well penetrated a number of geologic formations that have been preliminarily deemed to have hydrocarbon potential and we retrieved a small quantity of crude oil. We are awaiting analysis of that oil and are evaluating recommendations by our engineering staff regarding further testing and possible completion procedures.
The Issachar-Zebulun Permit Area
No additional news to report this week.
We have been reprocessing all of the existing seismic and are planning to acquire, in March 2010, approximately 30 kilometers of field seismic, in the permit area.
Finally, I’ll note that we have begun preliminary discussions with Aladdin Middle East Ltd regarding the drilling of an additional well, in order to progress and implement our multi-well program.
“In your good pleasure, make Zion prosper…”
Psalm 51:18
Thank you for your support of Zion, and
Shalom from Israel
Richard Rinberg
CEO of Zion Oil & Gas, Inc.
www.zionoil.com
FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, geophysical and geological data and interpretation, anticipated attributes of geological strata being drilled, drilling efforts and locations, the presence or recoverability of hydrocarbons, timing and potential results thereof and plans contingent thereon and rights offering 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.
Contact Information
More information about Zion is available at www.zionoil.com or by contacting Michael Williams at Zion Oil & Gas, Inc., 6510 Abrams Rd., Suite 300, Dallas, TX 75231; telephone 1-214-221-4610; email: dallas@zionoil.comhone: 1-888-891-9466
Zion Licenses Fit Israeli Gas Infrastructure
March 16, 2009 by admin · 3 Comments
Yesterday a friend reminded me of Israel’s gas pipeline infrastructure. That’s important now that Israel has discovered natural gas. There must be some infrastructure in place to get gas from the well site to where it will be used for energy (mostly power plants).
The Tamar #1 discovery (5 trillion cubic feet) is 80 kilometers off the coast of Haifa. That means in order to bring that gas to market, a pipeline will have to be built from the offshore rig to Haifa and then to the existing Israeli pipeline infrastructure. Noble Energy, primary partner in the Tamar discovery estimates it will be three years before gas from the discovery actually reaches the market. Others in the industry estimate longer.
But then a light went on in my head. I remembered seeing a map of Zion Oil’s license areas and Israel’s existing and planned natural gas pipelines. Here’s the map:
Israel’s existing natural gas pipeline runs north just off the Mediterranean coast. The reason for its current location is to supply fuel for power plants along the coast. Construction is underway for a trunk line to the Hagit and Alon Tavor power plants inland. Another trunk line is planned for this year, running from the coast to the area of Zion’s Ma’anit #l well site. Remember, Zion’s immanent Ma’anit Rehoboth #2 well will use the same wellbore as the Ma’anit #1 – it’s in the same location. Should Zion find gas instead of oil or gas and oil in the Ma’anit #2 well, they would have a built in pipeline infrastructure. In the event of a discovery, they could be supplying natural gas to Israel before the offshore discovery comes on line!
I asked a friend and very high placed source of mine from Israel today about the pipeline. He confirmed what I just laid out and went a step further. There’s a manufacturing plant a few hundred yards from the Ma’anit Rehoboth well site. This plant currently uses diesel fuel to fire its boilers. It has requested to be first in line to buy any gas produced at the Ma’anit Rehoboth site. So there you have it! The greatest natural gas discovery in Israel’s history and Zion, God willing, may beat them to the market. But remember this is all just speculation. Zion has to find the gas first. And, of course, they could find oil – which is what we’ve been looking for all along.
