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Home » Oil and Gas » Oil and Gas Operating Companies » Companies Exploration and Production » Zion Oil and Gas Zion Oil and Gas in Oil & Gas Supplies |
We have five leads and prospects in those two areas. We drilled the Ma’anit number one, as I said earlier, with very encouraging results. One is that we found that the well was, was much higher, much shallower than we expected by, strange as it sounds, 1500 feet higher than our most optimistic projection. Well that really set up the next stage of our exploration in that being so high we have always wanted to go down to a lower horizon called the Permian section of the Paleozoic age, and now we realized we can get there. We are close enough where we ended up with this well that we can drill a well into the Permian.The area we’re working in today is actually comprised of two licenses. We were originally working in Ma’anit with the Ma’anit Joseph license. At the end of its term we applied for a new license, reduced the size slightly to eighty thousand acres and took the Asher permit, turned it into a license. So now we’ve got 162 thousand acres under exploration. What does that mean? That’s everything from the seaside town of Netanya all the way to Haifa, between the west bank and the coast, and covering about half of the Carmel Mountain range. It’s a huge area.
Fax: 214-221-6510
Website: http://www.zionoil.com/
