2020-12-03 14:22:31 ZNOG Zion Oil & Gas
12/03/20 12/0314:22 12/03/2014:22 | Zion Oil & Gas reports new oil and gas exploration license agreement from IsraelZion Oil & Gas announces a new license agreement - "New Megiddo 428" - granted over the previous Megiddo-Jezreel license area in northern Israel. As of December 3, 2020, Israel's Petroleum Commissioner granted Zion Oil & Gas a new license agreement from the State of Israel over the previous 99,000-acre license area. The term of the new license agreement has been granted for six months. Similar to previous Zion license agreements Israel's Petroleum Commissioner has the authority to grant the New Megiddo 428 license. The New Megiddo 428 license may be extended for an additional six months for a total license period of twelve months. "We are thankful for Israel's unwavering support during these unprecedented times," stated Zion Oil & Gas CEO, Robert Dunn. "Receiving a new license will allow Zion's operations to continue drilling into 2021." |
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