Zion Oil & Gas, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 05:01 pm EDT
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Zion Oil & Gas, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 4.016 million compared to USD 1.690 million a year ago. Net loss was USD 4.056 million compared to USD 1.924 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. For the half year, operating loss was USD 6.779 million compared to USD 3.133 million a year ago. Net loss was USD 6.616 million compared to USD 3.532 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago.
Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds replacement license for New Megiddo License 428 (NML 428), which lies onshore, south, and west of the Sea of Galilee. Its wholly owned subsidiaries include Zion Drilling, Inc., which is focused on owning a drilling rig, related equipment and spare parts, and Zion Drilling Services, Inc., which acts as the contractor providing drilling services. The Company has not generated any revenues.
ZION OIL & GAS, INC. 
