other material
confidence high
sentiment neutral
materiality 0.60
Zion Oil & Gas resumes MJ-01 well recompletion in Israel; rig crew on ground, plug removal expected in 2-3 weeks
ZION OIL & GAS INC
- Rig crew arrived Israel Feb 15, 2025; maintenance and preparatory work commenced on MJ-01 well.
- Drilling out temporary plug at ~1,100 meters expected to take 2-3 weeks; target zones isolated for testing.
- Equipment en route from India, Romania, Germany, Netherlands, UAE, US, Tanzania; all expected on-site by mid-March.
- Well completion and testing operations anticipated to be nearing completion in Q2 2025.
- Current Unit Program closes Feb 28, 2025; investors receive common stock + warrants per $250 unit.