Zion Testing Ma’anit Well
July 5, 2011 by admin
In his July 1 letter to shareholders, Zion Oil & Gas CEO Richard Rinberg wrote that Zion was planning to test the Ma’anit-Joseph #3 well in spite of disappointing wire-log reports. Based on the wire log data, Rinberg reported, “there is little chance that the Ma’anit-Joseph #3 well contains hydrocarbons in commercial quantities.”
The reason Zion decided to move forward with physically testing the well is that during drilling they experienced “significant natural gas shows.” The gas, according to Rinberg, pushed past the heavy drilling mud, indicating that it,”appears to be under relatively high pressure at depth.” Testing the well will determine exactly where the natural gas is coming from and whether there’s enough of it to make the Ma-anit-Joseph #3 a commercial well. Testing the well will also give Zion greater insight into the geology of their surrounding license area and may help them determine where to drill next.
When I first read Rinberg’s letter I was tempted to be a bit dis-heartened by the phrase describing the wire-log interpretation, “there is little chance” of a commercial discovery. But then I remembered another letter, one written to the Hebrew people about 2,000 years ago; it listed the heroes of old and the faith that allowed them to persevere in spite of the current technology telling them. “there is little chance.”
- There was ‘little chance’ that a worldwide flood would destroy every living thing that wasn’t packed in Noah’s boat.
- There was ‘little chance’ that Abraham, at 100 years old, and Sarah, at 90, would have a child.
- There was ‘little chance’ that Isaac’s life would be spared by an angel and a ram caught by his horns in a thicket.
- There was ‘little chance’ that a slave child with a death warrant on his head would be spared, raised in Pharaoh’s household, and exiled to the desert 40 years would lead his people out of slavery and into a Promised Land.
- There was ‘little chance’ that a rag-tag group of pilgrims marching around Jericho could make the city’s walls fall down.
- There was little chance that Gideon’s 300 men could rout an army of hundreds of thousand Midianites.
- There was little chance a skinny 17 year-old kid could kill a fully armored Philistine warrior giant with a sling shot.
I could go on … Hebrew history is full of heroes who were given ‘little chance’. What was the one thing they had in common that far outweighed ‘little chance’ of success? Faith.
“Now faith is being sure of what we hope for and certain of what we do not see. This is what the ancients were commended for.” (Hebrews 11:1)
Faith doesn’t come from wire-log data; it comes from the One Who does what He promises. I’m looking forward to test results.