Zion Oil & Gas Launches Renewed Operations for MJ-01 Well Project in Israel

Zion Oil & Gas Resumes Operations at MJ-01 Well

Zion Oil & Gas, Inc. (OTC: ZNOG), has recently announced a significant advancement regarding the Megiddo-Jezreel 1 (MJ-01) well, with operations now underway in Israel. This pivotal step aims to unlock Israel's onshore energy resources further. The operations kicked off on February 15, 2025, with the crew focusing on critical maintenance and preparations that are integral for the ongoing testing and recompletion efforts.

The MJ-01 well is situated within Exploration License 434, which covers an expansive area of approximately 75,000 acres. The company's crew initiated their presence by conducting essential maintenance tasks on the drilling rig, which had been securely maintained, ready for operations after a 'warm stack' phase in September. This maintenance work includes fluid changes, lubrication, greasing, and comprehensive mechanical, electrical, and safety audits to ensure that the rig operates at peak efficiency.

Following the completion of routine maintenance, the team plans to drill out the temporary plug at a depth of approximately 1,100 meters. This critical operation is anticipated to last about two to three weeks, leading to essential well recompletion and testing processes. Once this phase concludes, Zion will place a permanent plug at the deeper sections of the well to isolate the targeted zones, where testing will commence.

Global Coordination and Logistics

Zion Oil & Gas is meeting logistical challenges head-on to guarantee the seamless transportation of vital equipment. The resources required for this project are being shipped from various countries, including India, Romania, Germany, the Netherlands, the UAE, the United States, and Tanzania. This vast international collaboration underscores the relentless commitment and resilience displayed by Zion’s team and partners.

Monty Kness, Vice President of Operations, expressed his views, stating, “As we progress with this phase of operations, we see God's provision in extraordinary ways. Coordinating a project of this magnitude, with equipment sourced from multiple continents, reflects our team’s determination and the global support of our mission.”

Security and Operational Preparedness

Continuous security measures have been upheld at the MJ-01 site, ensuring a stable working environment. With the gradual resumption of commercial flights into Israel, logistical operations are further facilitated. Rob Dunn, CEO of Zion, reaffirmed, “Our focus stays on safety, precision, and execution. With personnel present and critical equipment in motion, we are dedicated to driving this project towards completion, knowing that divine direction guides our steps.”

Looking Ahead: Completion Timeline

By mid-March, all necessary machinery is expected to arrive at the site, provided that there are no unforeseen delays. Zion anticipates that its well completion and testing operations will reach fruition in the second quarter of 2025. The team exudes confidence in their operational plans, and updates will be provided as significant milestones are accomplished.

Investor Information: Final Opportunity

Zion Oil & Gas is reminding investors that the ongoing Unit Program will close on February 28, 2025. This will be the last chance to partake before the program's conclusion. Each $250.00 unit purchased will make investors eligible for common stock, as well as warrants that can be exercised in the following year, offering not just a transactional opportunity, but a chance to participate in Zion's growing vision.

Reflecting on the support received, John Brown, the Founder and Chairman of Zion, expressed profound gratitude, saying, “We remain steadfast in our mission, knowing that each step taken is guided by the divine. As we embark on this vital operational phase, we draw encouragement from His promises and the unwavering loyalty of our supporters.”

Zion Oil & Gas aims to continue its journey of exploration for oil and gas onshore in Israel, driven by faith, perseverance, and a commitment to unlocking the country's energy potential.

For further details, you can explore more about Zion Oil & Gas via www.zionoil.com.