Supporting Israel’s Military Action in Gaza

January 5, 2009 by  

I’ve had some e-mails asking if the war in Gaza is a threat to Israel’s oil and gas exploration.  The current on-shore efforts by Zion Oil & Gas in the north and Ginko in the Dead Sea region aren’t near enough to Gaza to be under any immediate threat related to this action. Off-shore gas exploration in the north isn’t affected for the same reason. And the long-term stability of gas fields  off the coast of Gaza could only be improved by Israel ousting Hamas and working toward a sustainable peace in Gaza. Everybody, including British Gas, who works the field, Egypt, Gaza’s (and Israel’s) neighbor to the south and Palestinian Authority President, Mahmoud Abbas agree on that one. So ‘does the current action in Gaza put oil and gas exploration and production in Israel at risk?’ The quick answer is ‘no,’ I don’t think so.

But everything is relative. Israel isn’t a very big country. Geographically it’s a little smaller than New Jersey and it’s population (a little over 7 million) is smaller than New Jersey’s (almost 9 million). Imagine New Jersey as an independent country surround by enemies  and with a war on one of its borders. Israel is always under a potential threat from at least one of its neighbors and any military action anywhere in the country is going to affect the country and its people as a whole.

My friend, Richard Rinberg, CEO of Zion Oil, has two children in the Israeli military. Thankfully they are not at the tip of the spear in this current action, but many of the Rinberg family friends are. If you’re an Israeli, you’re affected by what’s happening in Gaza; it’s inescapable.

But, again,  everything is relative. What’s also inescapable is the history of Israel’s greatest ally standing at her side. The US has stood by Israel since her re-birth in 1948. But I’m not talking about the US; Israel has a much older, much greater ally. Israel’s greatest military leader penned these words a long time ago: “May the Lord answer you when you are in distress; may the name of the G_d of Jacob protect you.”

He also reminded the Israeli people where to place their trust in national emergencies: “Some trust in chariots and some in horses, but we trust in the name of the Lord our G_d.” Israel’s king David was the leader who penned those words. You can read them in Psalm 20. If you want to say a prayer for Israel today, Psalm 20 is a good one.

As far as Israel’s oil is concerned? Israel’s G_d has that in hand as well.

Comments

3 Responses to “Supporting Israel’s Military Action in Gaza”

  1. matt on January 5th, 2009 12:02 pm

    Excellent post! Thank you for the understanding on this. I for one am still standing for Israel!!!!

  2. Patrick on January 5th, 2009 12:07 pm

    Very insightful I will keep Israel in my prayers.

    Thank you

  3. admin on January 8th, 2009 6:22 am

    Dear Shareholder and/or Friend of Zion

    During the last few days, we have received a number of concerned telephone calls asking about the war in Gaza and its effect on Zion Oil & Gas.

    With regard to the security of our staff in Israel, you will be pleased to know that both our office and our license areas are in Northern Israel, whereas Gaza is in Southern Israel. So the security operations in the Gaza area have not directly affected our staff. I hope and expect that to continue.

    As to the normal operation of our business, we have the following immediate potential issues:

    (1) The Rig is in Ankara, Turkey.

    We have spoken to Aladdin Middle East Ltd, the Rig owners, and they are not unduly concerned. They understand that Haifa Port and our license areas are well away from the Gaza area, so everything is proceeding as normal. We still expect the Rig to arrive in Israel in January.

    (2) The Drill Pipe is being shipped from China.

    Haifa Port is operating normally, so no problems are expected.

    (3) The Cement and Chemicals for the Mud are in Egypt.

    The Egyptian authorities have not curtailed the natural gas supply to Israel and are conducting ‘business as usual’, so no problems are expected. Our supplier in Egypt is the subsidiary of an American corporation, so our relationship is very cordial.

    As to longer term potential issues, unless the localized conflict widens to a regional conflict, we estimate that there will be no material adverse effect on our business.

    On a personal note, I want to thank you for both your prayers and your support and I want to salute the brave soldiers of both Israel and the United States of America who are in harm’s way, protecting our basic freedoms and our right to live in peace. Would you please pray Psalm 20 daily?

    In September 2001, the President of the United States of America, declared to Congress: “The course of this conflict is not known, yet its outcome is certain. Freedom and fear, justice and cruelty, have always been at war, and we know that G-d is not neutral between them.”

    For our part, we at Zion will faithfully keep moving forward to our goal of finding and recovering oil and gas in Israel.

    Shalom from Israel

    Richard Rinberg

    CEO of Zion Oil & Gas, Inc.
    http://www.zionoil.com

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, potential results thereof and potential effects of those results, including the importation of a drilling rig into Israel, the granting of various required permit, are forward-looking statements as defined in the “Safe Harbor” provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion’s Prospectus and its periodic reports filed with the SEC and are beyond Zion’s control. These risks could cause Zion’s actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.

    Contact Information
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    phone: 1-888-891-9466

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