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Zion Oil & Gas obtains license extension


Published Jul 11, 2013
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Zion Oil and Gas, Inc.

Zion Oil & Gas, Inc. reported that the Israeli Petroleum Commissioner has awarded the company a one-year extension on its Asher-Menashe petroleum exploration license in Northern Israel.

Zion's Asher-Menashe License covers an area of approximately 78,824 acres located on the Israeli coastal plain and the Mount Carmel range between Caesarea in the south and Haifa in the north. Zion received notification from the Israeli Petroleum Commissioner extending the term of the Asher-Menashe License one final year, until June 9, 2014.

The Asher-Menashe License extension carries a commitment to re-enter Zion's Elijah #3 well to perforate, stimulate, and production test a Jurassic zone of interest.

Tags: Zion Oil & Gas



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