Zion Oil & Gas Raises Rig Derrick in Israel

DALLAS and CAESAREA, Israel, May 15, 2017 /PRNewswire/ -- With the raising of the derrick, Zion Oil & Gas, Inc. (NASDAQ: ZN) will commence acceptance testing in preparation for spudding its Megiddo-Jezreel #1 well, onshore Israel.

Victor G. Carrillo, Zion's CEO, states that "We anxiously await spudding this deep well. An independent third party engineering report affirmed Zion's internal interpretation of multiple geologic target horizons with the potential of very significant oil-in-place estimates if a discovery is made."

Zion Oil & Gas Derrick Raised on May 14, 2017

For more information on Zion Oil & Gas, including information about purchasing stock without brokerage fees, go to https://www.zionoil.com/.

Contact Info:
Zion Oil & Gas, Inc. (NASDAQ: ZN)
12655 North Central Expressway, Suite 1000
Dallas, TX 75243
Andrew Summey
Telephone: 888-891-9466
Email: andrew.summey@zionoil.com
www.zionoil.com

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SOURCE Zion Oil & Gas, Inc.