Zion Oil October 2, 2009 Company Update

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Zion Oil & Gas Newsletter October 2, 2009 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Dear Shareholder and/or Friend of Zion… Here is an update of our progress during the past week. Operations on the...

Givot Olam Resumes Drilling

According to an announcement on Givot Olam’s website, the company has resumed drilling their Meged #5 well, just south of Zion’s Joseph permit area. Givot Olam was the first oil exploration company to announce a major oil discovery in Northern Israel in...

Zion Oil Reaches Permian Target

Thursday June 25, Zion Oil COO Glen Perry wrote that Zion’s Ma’anit Rehoboth #2 well had reached a depth of 15,750 feet. This is 200 feet beyond the final depth of Zion’s 2005 Ma’anit #1 well. Why is this important? Zion oil has two targets for...

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...