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Zion shares begin trading on OTCQX Best Market under the new symbol “ZNOG”
DALLAS and CAESAREA, Israel, September 2, 2020 / PRNewswire / – Zion Oil
“We are very pleased to continue our pre-drilling operations in Israel despite delays due to Covid’s global pandemic,” said Zion’s chief executive Rob Dunn.”The final touch of the conductive tube configuration is a key step for our long-term MJ02 well sewn.”
OPERATIONAL UPDATE
Zion’s Israeli operations finished placing the MJ02 conductive pipe at an intensity of 110 feet (33.5 meters).The basement structure and more engineering paintings remain on the platform in preparation for the arrival of the platform and the spud.Zion will use the same pad as the MJ 1 well, saving valuable time and money.
Once Israeli visas have been issued for the Zion platform team, Zion’s platform will be sent by sea to Israel.Zion’s drilling rig in Romania has recently received a protection certification on the lifting parts required through the IADC, in addition to general packing and change arrangements for move-in.
Starting today, the well hydrant will be shipped from the port of Houston and is expected to arrive in Israel on October 5, 2020.
Third-party service providers were chosen for logging, directional drilling, dust services, tool rentals and other similar services, allowing suppliers to initiate their import and logistics procedures.
Zion purchased an additional 4,900 feet of HGV drill rod for drilling operations to accommodate the rated platform capacity of 20,000 feet.
ZION MOVES TO THE CHEAPEST OTCQX
On Monday, August 31, 2020, Zion issued a press release describing the transition from the Nasdaq Capital Market to the OTCQX Best Market.As of today, September 2, all existing and long-term Zion shares will be traded on OTCQX under the symbol “ZNOG”..
Investors can locate existing company monetary data and level 2 real-time listings in www.otcmarkets.com.OTC Link ATS and OTC Link ECN are ATS regulated by the SEC, operated through OTC Link LLC, a member of FINRA/SIPC.premium point of the OTC Markets Group and investors to the industry smoothly through the broker of their choice.
Investors will have access to real-time supply and demand data and other data from OTC’s disclosure service
NEW IN ZION MANAGEMENT
Monty Kness joined Zion Oil’s control
Taking key positions in operations, finance and security, Kness brings express wisdom to all sectors of oil and fuel operations and has a proven ability to advance Zion’s paintings in Israel.linking drilling, procurement and finance departments, will allow Zion to collect savings that can be measured in real time.
Mr. Kness holds a degree in finance from Texas Christian University and lives in Spring, Texas.
Zion oil
“The Lord Himself goes before you and shall be with thee; will not abandon you or abandon you.Don’t be afraid, don’t be discouraged.” Deuteronomy 31: 8
“Sing unto the Lord, for he hath done excellent things, that is known throughout the world.Shout and sing with joy, brethren of Zion, for the Holy One of Israel is wonderful among you.”Isaiah 12:5-6
FUTURE STATEMENTS: statements in this communication that are not old facts, including, but not limited to, statements related to Sion’s operations; Zion’s ability to keep functioning; operational hazards in existing exploration efforts; timely import of the platform purchased in Israel; time and finishing touch of the processing, interpretation of effects and plans resulting from the 3-D seismic survey; the necessary approvals for the meeting and start-up of the platform; the effect, if any, of the coronavirus pandemic on delivery and commissioning of the well, and liquidity to shareholders in OTCQX are forward-looking statements as explained in the “Safe Harbor” provisions of the reform of the Private Securities Litigation Act of 1995. These forward-looking statements are based on assumptions regarding known and unknown dangers, uncertainties, and other unforeseeable points, many of which are described in Zion’s periodic reports filed with the SEC and are beyond of the ZionArray. These dangers may also simply cause the actual functionality of Zion to differ materially from the effects expected through those forward-looking statements. These hazards and uncertainties include, but are not limited to, those described in Section 1A of Zion’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other items that may be described from time to time. in documents filed through Zion with the SEC. Zion cannot guarantee that the expectations reflected in such statements will be accurate and does not undertake a duty to update such statements.
Contact: Andrew Summey VP, Zion Oil marketing and investor relations
See the content to download the media: http://www.prnewswire.com/news-releases/zion-oil–gas-operations-in-israel-continue-with-setting-of-conductor-pipe-to-to-depth-of-110-feet-301122712.html
Fountain Zion Oil