Israel sitting on 1.7 billion barrels of oil and 122 trillion cubic feet of natural gas? An ancient Bible prophecy fulfilled?
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.)
In case anyone missed it last summer, oil has been discovered in Northern Israel. We’re not waiting for an oil discovery – it’s already happened! The oil has been/is being produced and sold. What’s more, the exploration company, Givot Olam, based its search for oil in Israel on Scripture. That’s right, oil has been discovered in Israel, based on Bible passages predicting the discovery and its location. The same Bible (Torah) passages used by my father, Jim Spillman, back in 1981 in his book, The Great Treasure Hunt. The same passages Zion Oil & Gas Founder John Brown heard Dad teach on a Zion Temple in Michigan thirty years ago and took to heart. Included Jacob’s Blessing, recorded in Genesis 49 and Deuteronomy 33, is the prophecy of a last days oil discovery. Jacob’s descendants will be blessed from the “deep that coucheth beneath”; “for the chief things of the ancient mountains, and for the precious things of the lasting hills, and for the precious things of the earth.” Issachar and Zebulun “shall suck of the abundance of the seas and of treasures hid in the sand.” Asher will “dip his foot in oil.”
The prophecy of oil in Israel isn’t going to be fulfilled someday – it is being fulfilled as we watch!
A January 13 Globes Article follows progress at Givot Olam’s Meged 5 well site; I’ll share a few excerpts here:
“Givot Olam Oil Exploration LP (TASE:GIVO.L), which is currently fracing (hydraulic fracturing) sections of its Meged 5 well and carrying out production tests, is seeking to cool investors’ enthusiasm after yesterday’s flare at the wellhead, which indicates the presence of fuel at the well. The scale of production, if any, is unknown, but the flare is a routine procedure during production tests.”
“A few months ago, Givot announced that production tests conducted during the summer produced an average of 382 barrels of oil a day. Fracing is now underway in sections 1-6 of the borehole to speed up the production rate, and production tests are underway of sections 7-8.”
“Givot sold 6,000 barrels of oil produced during last summer’s production tests to Oil Refineries Ltd. (TASE:ORL) at the below market price of $60 per barrel. It cannot be ruled out that oil currently being produced is also being sold to Oil Refineries, and is why there are oil tankers at the wellhead. However, how much oil is being sold is not known.”
“A capital market source close to the matter told “Globes”, “When you peel away all the conduct of the past year, Meged 5 ultimately has something real.”
Givot’s Meged 5 is just the beginning of onshore oil discoveries in Israel. I believe Givot will drill more and produce much more in their Meged oil field.
Zion Oil & Gas, just to the north of Givot Olam, controls 327,000 acres of exploration territory and is in the final stages of drilling their fourth well, the Ma’anit-Joseph #3. In just weeks, Zion will be at its final depth of 19,000 feet.
With Israel’s recent gas discovery, the country is now staged to be natural gas independent (natural gas now powers some of Israel’s power plants and by the end of the decade, most likely, all electrical generation will come from natural gas fired plants). Noble Energy, one of the exploration partners on the gas discovery says they believe substantial oil reserves are under the gas fields.
Israel now has enough natural gas to supply its needs into the foreseeable future and for export. With the ongoing operations of Givot Olam, Zion Oil & Gas, Noble Energy can oil independence for Israel be far behind? I don’t think so.
What do you think?
News of the upcoming feature film ’49:1 The Zion Story’ created quite a buzz National Religious Broadcasters Convention in Nashville Feb 27 – March 2. Zion Oil & Gas founder John Brown, author of Breaking the Treasure Code: the Hunt for Israel’s Oil, Steve Spillman, and British filmmaker Tom Boulting were all present during the convention and met publicly and privately with leaders in Christian ministry, broadcasting and entertainment.
John Brown and Steve Spillman shared the story of Israel’s oil during the convention on two radio programs, Charle’s Crismier’s ‘Viewpoint’ broadcast and “The Meeting House” radio show with Bob Crittenden. “Viewpoint aired live on March 1; the archived broadcast can be heard at http://irnusaradio.com/our-programs/viewpoint. “The Meeting House program should air on the week of March 8; broadcast details can be found at http://www.meetinghouseonline.info/.
Thanks to the generosity of Zion Oil & Gas, Convention attendees received complimentary copies of Jim Spillman’s book The Great Treasure Hunt, Zion’s 2010 ‘Joseph Project’ DVD including the film trailer for ’49:1 The Zion Story’, along with free Zion Oil/49:1 t-shirts and Zion Oil & Gas media packages. True Potential Publishing, Inc. sponsored an autograph session with Steve Spillman personalizing complimentary copies of Breaking the Treasure Code: the Hunt for Israel’s Oil for conference attendees. On the last day of the convention, two lucky attendees were drawn for a grand prize of a ten day tour for two in Israel with Jonathan Bernis, sponsored by Zion Oil & Gas and Jewish Voice Ministries, and a second prize of Ten Commandment tablets carved of stone cut from the same quarry in Jerusalem that built King Herod’s palace, sponsored by Holy Jerusalem Stones in Israel.
The Zion Movie
According to London based Charter Films, Ltd. CEO Tom Boulting, immediate plans are in process to produce a documentary on Zion Oil’s faith and Bible based search for oil in the land of Israel. Boulting’s extended plans, however, call for a feature length film telling the story of Zion founder John Brown’s faith journey in his quest to discover oil in Israel.
For more on ’49:1 The Zion Story visit www.zionthemovie.com.
I just stumbled on something fascinating regarding the mention of Asher’s ‘shoes’ in Deuteronomy. 33:25, “Thy shoes shall be iron and brass; and as thy days, so shall thy strength be.” (KJV). My father, Jim Spillman, as you may know, was the man who first publicly theorized that Jacob’s Blessing contained a promise of a massive oil discovery in Israel in his book, The Great Treasure Hunt. Part of his thesis included Deuteronomy 33:24 “And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him dip his foot in oil.” That scripture was only a small part of the evidence linking Jacob’s Blessing to an Israeli oil discovery.
The passage directly following “let him dip his foot in oil” (Deuteronomy33:25, above) states that Asher’s “shoes shall be iron and brass”. The working components of oil rigs are constructed of a combination of iron and brass in order to prevent sparking, in order to prevent oil fires. Dad always believed that Asher’s ‘shoes’ being iron and brass referred to oil rigs being constructed of iron and brass components and thus, a further fulfillment of prophecy.
Dad studied the Bible in Hebrew and Greek but the English translation he preferred was the King James Version. Something that bothered me was that other English Bible versions translated “shoes” as “bars” (ESV) or “bolts of your gates” (NIV). So I searched out the Hebrew word all these versions were translating.
Here’s what I found: The Hebrew word translated ‘shoes’ in the KJV is ‘man’al’ – Strong’s literal meaning in English is “a bolt: – shoe” The definition didn’t sink in at first because I was a little bothered about something else I discovered – this was the only time in the Bible that the Hebrew word ‘man’al’ was used as ‘shoes’. Every other mention of ‘shoe’ or ‘shoes’ in the Bible was the Hebrew word ‘na’al’ which was the common term meaning a ‘shoe’ one would wear on his foot. So clearly, there was a difference between Asher’s ‘shoes’ in Deut. 33:25 and all the other ‘shoes’ mentioned in the Bible.
I found that ‘man’al’ (bolt/shoe) and ‘na’al’ (common term for shoe) had the same root, ‘nâ’al’ (different pronunciation than ‘na’al’) – meaning ‘to fasten up’. Both the Hebrew words for ‘bolt’ and ‘shoe’ come from the same root, ‘to fasten up’, because both are ‘fastened’. Only the Deut. 33:25 word ‘man’al’ carries the double meaning of bolt and shoe!
So it looks like old Dad was righter than he thought. Asher’s ‘shoes/bolts’ will be iron and brass!
A final note: When the Zion Oil crew is finished with the hole at Elijah #3, they will most likely install a heavy, cylindrical section of steel filled with concrete at the end of the casing string. This is to prevent the casing string from hanging up in the hole. The proper term for the heavy steel section at the end of the casing? The guide shoe.
“Thy shoes shall be of iron and brass …” Amazing!
“After snuffing, the wellhead must be ‘capped’ to stop the flow of fuel. During this time, the fuel and oxygen required to create another inferno is present in copious amounts. At this perilous stage, one small spark (perhaps from a steel or iron tool striking a stone) or other heat source might re-ignite the fuel. To prevent re-ignition, brass or bronze tools, which do not strike sparks, or paraffin coated tools are used during the capping process.” (From: “Fire at the Wellhead”)
According to Zion CEO Richard Rinberg’s ‘Zion Oil & Gas Newsletter’, Zion Oil began drilling the Elijah #3 well last week and by last Friday’s report, drilling depth on the Elijah #3 had reached 400 feet.
The Elijah #3 well site is located on northern Israel’s coastal plain near Mount Carmel, between Caesarea and Haifa, in Zion’s ‘Asher/Menashe” license area. Zion Oil’s Elijah #3 isn’t the first oil well to be drilled in this area and Zion Oil isn’t the first company to come to this region, known in the Bible as the ‘foot of Asher’, seeking the fulfillment of an ancient Bible prophecy. “And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him dip his foot in oil.‘” (Deuteronomy 33:24)
In 1961, Bible believing Californian, Wesley Hancock was awarded an exploration license area of 97,000 acres including Mount Carmel and extended into parts of the Jezreel Valley, known as the “Valley of Megiddo,” site of the prophesied last days battle of Armageddon. Armed with a report forecasting Israel’s oil potential, and his Asher passage in Deuteronomy 33, Wesley went looking for Asher’s oil. On September 19, 1963 Wesley spudded the Asher #1, north and east of Mount Carmel near Haifa. Asher #1 had reached a depth of 7,800 feet when the drill head twisted off, taking seven drill collars with it. After the twist-off, chances of drilling any deeper were nil. By January of 1964, testing in the hole above 7,800 feet revealed that the Asher #1 was dry. In 1965 Wesley commissioned a hydrocarbon survey of his license area. This was the first petroleum survey of its kind in Northern Israel. The survey results led to choosing his location for the Asher #2 well. Hancock drilled the Asher #2 to a depth of 4,300 feet and core samples showed traces of oil. The Asher #2, however, was shut down; Hancock, without any other investors, had run out of money and was unable to continue drilling.
In 1979 Gilman Hill, an American evangelical Christian, came to Israel looking for Asher’s oil. According to Hill, God directed him to drill for oil and showed him the well’s location during a 1978 tour of Mount Carmel. Gill had completed preliminary geological surveys and fulfilled permit requirements to begin drilling by 1980.
Hill’s well, Elijah #1, was planned to be drilled to the upper Triassic strata, a depth of 15,000 to 16,000 feet. At 8,900 feet Gilman halted the drilling. According to Hill, God gave him the message, “circumstances have changed,” Gil was convinced that he was to cease drilling until further notice from God. Gil continued his geologic research for another six years waiting for a Divine release to resume drilling. The release never came. After spending $6 million of his own money on Mount Carmel, drawn by the Bible’s promise that Asher would “dip his foot in oil,” Gilman Hill had failed to find the elusive flow.
About the same time Hill started drilling Elijah #1, a Texas oil man named Andy SoRelle was busy preparing to drill the Atlit #1 well near Haifa, known as the Asher Project. SoRelle’s well was spudded in February 1981, the same year Jim Spillman’s book, The Great Treasure Hunt, was released. Spillman and SoRelle were mutual supporters, each understandably interested in the work of the other. Throughout the Asher Project SoRell updated Spillman on the progress of the well they both believed would strike the oil God had promised.
At 9,400 feet the drill bit hit volcanic rock. They drilled down through another 7600 feet before finally coming into limestone again. The drill bit, now at 17,296 feet was way beyond the rig’s capacity. Fearing he would lose the hole, Atlit’s drilling supervisor shut down the operation until a larger rig could be brought in.
December 28, 1982 a new drill rig, rated at 26,000 feet was installed over the original hole. This new phase, dubbed the Atlit #II was planned to bring the well as deep as 23,000 feet. By February of 1983 the well had been cleaned out and depth had been increased to 18,000 feet.
Drilling continued without incident until, at 20,570 feet Atlit II struck oil! What oil experts call “very good shows” came to the surface; graded as light oil at 35 to 40 degrees API. SoRelle continued to a final depth of 21,431 feet. The zone of oil bearing rock, was estimated at 470 feet, from 20,570 to 21,309 feet. Two years after spudding, the drilling phase of the Atlit well was finally complete!
During development problems emerged again. Financing for the project had been on a shoe-string at best. The crew had stopped casing the well at 13,772 feet. Not having funds for additional casing and reasoning that the volcanic rock they had struggled through was stable enough to hold the hole open the crew had continued drilling in “open hole.”
As the crew was cleaning the hole in preparation for the production casing, drill collars stuck at 18,669 ft and two weeks of jarring would not break them loose. Special equipment was flown to retrieve the string (130 ft. in length) and, while cleaning the hole to “fish” with the new equipment they stuck again at the 17,772 ft mark. After ten more days of trying to break loose, they came out leaving another 8 ½ foot fish in the hole.
August 24, 1983, more than two and a half years after spudding, Andy SoRelle called it quits for the Atlit hole. Having spent more than $25 million, his own money and that of his investors, Andy gave up on the Atlit well.
The history of the search for Asher’s oil doesn’t seem very promising. But if God said of Asher, ‘… let him dip his foot in oil …’ then I’m convinced He’ll keep His promise in His own time. One thing I do know; the oil is down there. Hancock saw it and SoRelle saw it. That Asher’s oil exists is a fact, when it will be brought to the surface is the only question.
We have received quite a number of telephone calls this week and many callers were asking us the same question:
We can’t and don’t comment on our stock price because… we really don’t know any more than you.
Zion stock is traded on a public market, so any member of the public or maybe an investment company can buy or sell stock, just as they wish.
We have no control over the Zion stock price in the public market; the stock price just reflects the actions of those trading that day.
What we can assure everyone is that the purchases and sales are not due to any information that is not publicly available.
We can also assure you that we are working towards long-term shareholder value and in the long-term, we believe, short-term fluctuations are irrelevant.
Thank you for your continued support of Zion.
Gosh … kinda what I’ve been saying.
Last month Delek-Noble an energy exploration partnership, announced a massive natural gas discovery off Israel’s northern coast. According to reports, they may have enough natural gas to supply Israel’s needs for fifteen years.
In the energy exploration world it’s generally understood that where you find gas, you find oil and vice-versa. Zion Oil and Gas, founded by John Brown received its first onshore exploration license in 2000. Brown came to Israel in the 1980’s with the belief that a massive oil discovery for Israel was predicted in the pages of the Bible. With nothing but his Bible and his faith John Brown began his quest for Israel’s oil. The company now holds 162,000 acres under license in Northern Israel and is planning to drill its second well next month.
Last week I asked Zion CEO Richard Rinberg if Delek-Noble’s recent offshore discovery affects Zion’s chances of discovering oil and gas onshore, how the current world economy is playing into their exploration efforts and about Zion’s drilling plan.
Steve Spillman: Delek and Noble Energy announced a massive natural gas discovery off the coast of Haifa earlier this month. How has this news affected the optimism of Israel’s citizens about the country’s energy future? How has it affected optimism for onshore oil and gas exploration?
Richard Rinberg: Due to the size of the offshore discovery, there’s little doubt that optimism in oil and gas exploration, both offshore and onshore, has increased.
At Zion Oil we are delighted, as this discovery is very good for Israel and we believe validates our belief that significant oil and gas reserves can be found in Israel.
The discovery also reinforces the decision by the Government of Israel to continue building the gas pipeline infrastructure and electric generating plants powered by natural gas.
Due to the high cost of developing this new field, surprisingly, the result may well be higher gas prices.
For years, the Israel Electric Company (IEC) has purchased gas at prices below the normal international market price. But with declining production from the Yam Tethy’s field, their reliance on natural gas to power five generating plants (with two more under construction), and the uncertainty of Egyptian supply, IEC may no longer be in a position to ensure that the price that they pay for natural gas is below normal international market prices. If the price isn’t reasonable, then the owners of the new discovery can export their produced gas.
We believe that the market will be able to absorb any new gas finds and, as a result of this discovery, any natural gas that Zion may discover and produce could be worth more than estimated before this discovery.
SS: Do you think this discovery may have any direct relevance to what you expect to find in the Joseph and Asher license areas?
RR: There is no direct relevance to our exploration in terms of a continuation in a geological structure. Our expectation is unchanged – we are still very optimistic.
SS: The world economy has been pretty shaken up over the past several months. Oil prices have plummeted. How do the world economic situation and oil prices affect Zion’s exploration plans?
RR: In 2008, we implemented a $10-unit public offering and raised over $6.4 million in cash, in order to fund our drilling plans in Israel. The offering was certainly a success, but we were hoping to gather significantly more funds than we did. The world financial crisis had its negative effect on us, just as on everyone else.
Perhaps surprising to the person in the street, the fall in the price of oil is actually good for Zion’s drilling plans, as we will have cost savings of $500,000 to $700,000 as a result of lower shipping and transport costs and lower fuel costs during drilling. We are very happy to ‘suffer’ a low oil price during our drilling operations.
Of course, at a later stage… well let’s save that for another day.
SS: The Dow Jones Industrial Average has lost about forty percent of its value in the last year. Other world markets, including Israel’s have fared the same or worse. Zion just completed a public follow-on offering in which it raised more than $6.6 million and even though the company has yet to produce any oil; its stock value is higher now than when the company first went public. How do you account for a successful public offering and Zion’s stock value in the middle of the current economic meltdown?
RR: There are a number of different answers I could give, but perhaps the truth is ‘all of the answers, at the same time’.
Everyone who works at Zion believes in the uniqueness of our company and our goal to help Israel by finding oil and gas, onshore in Israel. I believe that the vast majority of our stockholders also recognize that Zion is not just another company. They purchased the stock to support our work and hold; it’s not just another trade.
Simply put, those who work at Zion or support Zion by owning stock have faith that all will eventually work out, in the Lord’s good time. Those who hold the stock just don’t want to let it go.
From a business standpoint, our goal is to build value into the company and, of course, success with our exploration work would inevitably be reflected by a higher stock price.
SS: Zion has contracted with the Turkish oil drilling company AME, for a 2,000 horsepower drilling rig. AME’s rig is bigger – can go deeper than any drilling rig currently available in Israel. My understanding is that the Israeli rig Zion used to drill the Ma’anit #1 well in 2005 wasn’t mechanically able to reach a depth beyond 15,500 feet. And it’s your opinion that the Ma’anit #1 failed to produce simply because the well wasn’t deep enough. Is that correct?
RR: We drilled the Ma’anit #1 well to a depth of 15,842 feet, to the Triassic formation, with encouraging results. However, due to the mechanical condition of the well-bore, in June 2007, we decide to abandon the well. The well failed to produce due to mechanical problems and not, we believe, because of the absence of oil and gas.
You are correct that the rig that we used back then was not capable of drilling any deeper than we actually did.
The whole reason for bringing a 2,000 horsepower rig into Israel is to enable us to ‘explore the deep’ and drill down to the Permian geological formation.
This time we have all the extensive knowledge gained during the drilling of the Ma’anit #1 well, so we are better prepared to deal with the mechanical problems than before.
SS: When is the AME rig expected to arrive at the Ma’anit Rehoboth #2 site? When do you expect to be drilling?
RR: We currently expect the drilling rig to arrive in Israel, rig-up and commence drilling in March 2009.
SS: Is the $6.6 million Zion raised in the follow-on offering enough to complete the project?
RR: Oil and gas exploration is a very expensive business and our project has much work ahead of it. There are many wells to be drilled on our license areas. So, we will proceed with our operational work, while at the same time keeping a weather eye on our cash reserves. At some stage, we hope and believe, Zion will become (very) cash-positive.
SS: What are Zion’s exploration plans beyond the Ma’anit Rehoboth #2 well?
RR: We are already planning our third well, the Elijah #3 well and have further plans that are, as yet, not in the public domain, so we cannot discuss them at present.
SS: Zion’s mission is to produce oil and gas in Israel. A major oil discovery in Israel will certainly have a significant economic impact on the country. Do you think the implications of Zion Oil & Gas accomplishing its mission will reach beyond economics?
RR: Without a doubt. Zion’s Founder and Chairman, John Brown, came to this project due to an idea planted in his mind by your father, Jim Spillman, and his book. John became convinced that the Holy Bible contained clear references to oil in Israel and the location where that oil may be found.
Over a number of years, John gathered a group of geologists and oil and gas professionals together, including Zion’s President and Chief Operating Officer, Glen Perry. Glen is an oil and gas professional who will readily tell you that this project is the most exciting he has ever been involved with in his long and successful career.
With success, John will say “See, the Book is true!” And for those who hear Zion’s story, there will certainly be much contemplation that something truly historical has occurred – perhaps even a spiritual awakening and the dawning of a new age.