Israel Continues to Frustrate Its Oil Future

By Ari Rabinovitch JERUSALEM, Oct 27 (Reuters) – U.S.-based Genie Energy could turn to the courts or even Mongolia in its effort to challenge a local government decision that has blocked its hunt for oil just over 40 kilometers from Jerusalem, a senior official...
Zion’s Elijah #3 is a No-Go

Zion’s Elijah #3 is a No-Go

Zion Oil & Gas announced yesterday in a newsletter to shareholders and friends that results from their second re-entry into the Elijah #3 well failed to give enough evidence of hydrocarbons to continue developing the well. Company President and COO Victor Carrillo...
Zion Oil Re-enters Elijah #3 Well

Zion Oil Re-enters Elijah #3 Well

Zion Oil & Gas began re-entry operations this week at their Elijah #3 well in Northern Israel. Israeli drilling company, Lapidoth, erected it’s drilling rig and prepared the site. Zion is scheduled to begin its vertical seismic profile operation in the well...