Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they have entered a partially binding letter of intent to purchase a drilling rig and has formed two wholly owned subsidiary corporations.
DALLAS and CAESAREA, Israel, July 17, 2019 /PRNewswire/ -- Zion Oil & Gas, Inc. (ZN) announces it has entered into binding agreements for 3-D seismic landowner permitting services and for consulting services in connection with the required approvals from the Israel Ministries of Transportation and Communication for importation of the seismic equipment. "The biblically inspired vision of Zion Oil & Gas remains to discover oil and gas onshore in Israel," Zion's CEO, John Brown said.
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces the Nasdaq Hearing Panel granted the request of Zion Oil & Gas, Inc. for continued listing on The Nasdaq Stock Market LLC.
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they are actively sourcing a drilling rig for 2020 operations.
DALLAS and CAESAREA, Israel, Sept. 25, 2019 /PRNewswire/ -- Zion Oil & Gas, Inc. (ZN) announces the commencement of data acquisition for its Megiddo-Jezreel 3-D seismic program. "Within the first week over 30 square kilometers of equipment has been deployed for the start of the largest onshore 3-D survey in Israel's history," Zion's COO, Robert Dunn said.
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (ii) closed that purchase on March 12, 2020, the same day, by Bill of Sale from the seller to Zion.
DALLAS and CAESAREA, Israel, Oct. 16, 2019 /PRNewswire/ -- Zion Oil & Gas, Inc. (ZN) announces the completion of data acquisition for its Megiddo-Jezreel 3-D seismic program. "The crew has successfully completed the recording of the Megiddo-Jezreel 3-D seismic program, and our contractor logged over 19,000 manhours incident-free along with zero environmental damage," Zion's COO, Robert Dunn said. "Not only is it the largest 3-D survey in Israel's history, but the data acquisition was completed within a time frame not thought possible due to the hard work, determination, faith, and courage of our team," stated Zion's President, Bill Avery.
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces that the lead plaintiffs in the securities class action lawsuit filed against Zion on August 9, 2018, have voluntarily dismissed the lawsuit.
DALLAS and CAESAREA, Israel, Aug. 15, 2019 /PRNewswire/ -- Zion Oil & Gas, Inc. (ZN) announces they have signed an agreement for geophysical acquisition services with Acoustic Geophysical Services KFT ("AGS"), an international seismic company based in Budapest, Hungary. "We estimate that the vessels carrying the trucks and equipment will arrive by the end of August," Zion's COO, Robert Dunn said. "We are pleased with our progress to date on this important 3-D seismic survey," stated Zion's President, Bill Avery.
After 20 years, the Dallas-based company still has no revenue, and its primary mission is to help gain political independence for Israel through science and the Bible. But it is no longer controversial for the possibility that it committed securities fraud against its investors.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]