Zion Oil & Gas determines MJ-2 well will not produce commercial hydrocarbons due to insufficient permeability

ZION OIL & GAS INC

MJ-2 well testing completed; no commercial production despite hydrocarbon presence due to low permeability.
Temporary plug to be set in MJ-2 wellbore; future use possible if technology or circumstances change.
Company re-analyzing MJ-1 well data for potential re-completion in structurally higher Mohilla zone.
Zion continues exploration of Megiddo-Jezreel license, confident in active petroleum system.

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