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Zion Oil and Gas Inc   (ZNOG)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Zion Oil and Gas Inc

Business Description


Zion Oil and Gas Inc is an American-based oil exploration company that is primarily focused on exploring for oil and natural gas resources in Israel. The company was founded in 2000 by John M. Brown, a geologist and oil industry veteran. Zion Oil and Gas holds a 100% working interest in its license area, known as the Megiddo-Jezreel License, which covers approximately 99,000 acres in northern Israel.

The primary goal of Zion Oil and Gas is to discover commercial quantities of oil and natural gas in the license area. The company believes that this region has significant potential for hydrocarbon reserves due to its geological attributes, including numerous fault systems and the presence of hydrocarbon source rocks. Zion*s exploration activities are guided by the expertise of its technical team, which includes experienced geologists, petroleum engineers, and geochemists.

To achieve its exploration objectives, Zion Oil and Gas has conducted various exploration activities, including seismic surveys, core drilling, and the acquisition of 3D seismic data. The company has drilled several exploratory wells in its license area to evaluate the presence of oil and gas. Notable wells include the Ma*anit-Joseph #3 well, which was drilled to a depth of more than 19,000 feet, and the Megiddo-Jezreel #2 well, which reached a total depth of approximately 15,500 feet.

Zion Oil and Gas has also established strategic partnerships and collaborations with international oil and gas companies, technology providers, and research organizations. These collaborations aim to leverage complementary expertise and resources to enhance the exploration process and increase the likelihood of discovering commercially viable reserves.

In addition to its exploration activities, Zion Oil and Gas is committed to maintaining the highest standards of environmental responsibility and safety. The company adheres to rigorous regulatory and environmental requirements and operates in a manner that protects the environment and local communities.

Due to the high uncertainty and risks associated with oil and gas exploration, investing in Zion Oil and Gas involves potential benefits as well as risks. The company*s stock is publicly traded on the NASDAQ under the ticker symbol N, and its financial performance is subject to market conditions and the success of its exploration activities.

Overall, Zion Oil and Gas Inc is a dynamic oil exploration company that is dedicated to discovering oil and gas resources in Israel. With its technical expertise, strategic collaborations, and commitment to environmental responsibility, the company strives to make significant contributions to the energy sector while creating value for its shareholders.



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