Zion Begins Drilling

Zion Oil & Gas announced yesterday that drilling operations have begun at the Ma’anit Rehoboth #2 well site. Zion will drill down to a depth of 15,400 feet (Triassic), where the Ma’anit #1 was forced to quit in 2005, and then plans to increase to a...

Zion AME Rig Leaves Turkey

The 2,000 horsepower Aladdin Middle East drilling rig contracted by Zion Oil & Gas to drill the Ma’anit Rehoboth #2 well in northern Israel was loaded on the the freighter “Umiavut” yesterday at the Turkish port of Iskenderun. Moving the rig from...

Zion Stock Trading Over $8.00

Zion stock (AMEX ticker symbol ZN) closed at $7.06 yesterday. Today it has been trading between $7.10 and $8.71. It’s miraculous that Zion has successfully raised capital in its second public offering and its existing shares have increased in value – in...