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)

Zion Oil Stock Receives A+ Rating

Remember folks, you read it here first.
Zion Oil & Gas stock closed at $12.50 yesterday, Friday, February 20. On Monday’s issue of Investor’s Business Daily (that right Monday’s issue) Zion stock will carry an A+ rating.
What does that mean? IBD ranks stocks by a proprietary system ranging from A – E. According to IBD, ‘A’ stocks outperform more than 80%of the market; ‘E’ stocks perform worse than 80% of the market. ‘A+’ is at the top of the top (you can read more about the IBD ranking system here: http://www.investors.com/ibdhelp/helpglossB.asp?helpID=156).

Zion Oil continues to shine in a dark economic environment. I’ve had people ask why the stock is going up so steadily in this terrible market. And, of, course they’ve given me their opinions about Zion’s performance. Here are three reasons for Zion’s increasing stock value that I gave to a http://oilinisrael.net reader this week

1. The Haifa gas discovery is close by and proves massive hydrocarbons in the area.
2. Zion has proven themselves to be a real company – not a fly by night. They do what they say they’re going to do.
3. The announced subscription offer is a great deal – but only to those who already own Zion stock.

It’s pretty simple folks. Now it looks like the rest of the world is catching on.