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.

[Attachment]
Zion Oil & Gas Derrick Raised on May 14, 2017

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.'

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

Zion Oil & Gas Inc. published this content on 15 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 May 2017 15:47:23 UTC.

Original documenthttps://www.zionoil.com/updates/press-release-zion-oil-gas-raises-rig-derrick-in-israel/

Public permalinkhttp://www.publicnow.com/view/7501F82A4516875F134ABFB3124ECF33AEE3E2D9