other material
confidence high
sentiment positive
materiality 0.65
Zion Oil & Gas reports gas to surface at Megiddo-Jezreel #1 well in Israel during initial flowback
ZION OIL & GAS INC
- Gas observed at surface during early flowback after successful perforation and stimulation of MJ-01 well.
- Well currently in stimulation fluid recovery and cleaning phase.
- Additional equipment being sourced to continue flow testing and conduct volumetric analysis.
- These efforts are part of the ongoing plan to assess the well's production potential.
- Zion Oil & Gas is an active petroleum explorer onshore Israel.