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...

Is Zion Oil on the Rocks?

I received a comment from a reader (Bill) yesterday; he was worried, as a lot of folks are, about the recent fall Zion’s stock price. Here’s the comment: “The price today at $1.50. What’s the process at this end. Does the company fall off the board if it hits below a...

Zion Oil Opens $31+ Million Rights Offering

On Thursday, June 23 Zion Oil & Gas, Inc. (NASDAQ: ZN) filed a prospectus with the SEC for a $31.25 million rights offering to current stockholders. The rights offering consists of 6,250,000 non-transferable subscription rights @ $5 per Unit. Each subscription...