OT.... len you may want to get in at the bottom...Jews seem to always do well in business. :-)
Zion Oil renews operations, prepares end of offering
zionoil.com
Zion continues to offer shares of its common stock to the public at $7 per share. The offering will terminate in May 2007, subject to possible earlier termination.
Zion has already completed the sale of over 1,520,000 shares to the public.
Zion will use the funds raised to continue its efforts to explore for oil and gas in Israel.
Zion holds petroleum exploration rights in Israel located on areas that, in Biblical times, were in the territories of the Tribes of Manasseh and Asher.
Zion drilled its initial well to a depth of 15,842 feet. Completion activity on this exploratory well was renewed on April 16, 2007 and is currently scheduled to continue for a period of 30 to 40 days.
Zion intends to drill a second well (the Rehoboth) nearby, even deeper, to the Permian (target depth 18,700 feet). Deuteronomy 33 : 13-16.
Zion has a professional and deeply committed team.
Zion intends to donate 6% of its gross revenue to two charitable trusts.
Zion is already listed on the American Stock Exchange – the symbol is ZN. Zion's officers rang the bell to open trading on January 3, the first trading day in 2007.
Zion has a team composed of both Jews & Christians working towards the comfort and support of Israel. |
