Zion Oil Applies for Issachar-Zebulun License

Zion Oil & Gas applied today for an additional 245,000 acres of exploration area in the biblical lands of Zebulun and Issachar. “… for they [Zebulun & Issachar] shall suck of the abundance of the seas, and of treasures hid in the sand.” (Deuteronomy 33:19) The applied for license area also includes the valley of Megiddo.    If Zion is extended the new license area, the company’s total area under license will grow to 400,000 acres.

In today’s letter to ‘Shareholders and Friends of Zion”, CEO Richard Rinberg also reported on progress with the company’s drilling contractor, Alladin Middle East: “On February 20, 2009, two senior executives from Aladdin Middle East Ltd (AME), in Turkey, visited our office in Dallas. We met with both AME’s Business Development Coordinator and Drilling Manager as, in September 2008, we contracted with AME to use their 2,000 horsepower drilling rig to drill our Ma’anit-Rehoboth #2 well. (You can see the location marked on the map diagram above.)

They informed us that they have now fully disassembled the drilling rig into eighty loads, in preparation for transit from Ankara to Israel. They told us that there is no shortage of vessels for shipping the rig to Israel and they expect, once the rig has cleared customs at Haifa Port, that they will require only nine days in which to rig-up (i.e. erect) the drilling rig.

Both Zion and AME have submitted all the crew documentation requested by the authorities in Israel; we now wait for confirmation that Israel has granted the Turkish crew worker permits. As soon as confirmation is received, the drilling rig will start its journey to Israel.” By the way: Zion stock closed at $17.27 today. Unbelievable. (See Genesis 12:3)

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