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Posted On: 05/20/2021 5:36:49 AM
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May 19, 2021
Update: MJ02 In Israel
Dear Zion Supporters and Shareholders,
Operations at Megiddo-Jezreel #2 safely remain unhindered. We are continuing to make good progress as we complete the third stage of the well.
Our drilling rate has significantly outpaced our first two sections. In fact, on May 18, operations set a rig record of 173 meters (567 feet) drilled within 24 hours with a 12.25 inch bit (which is one and a half times larger than this section on Megiddo-Jezreel #1).
We are encountering our key geological markers, as expected, as we approach certain zones of interest.
Sincerely,
Monty Kness
VP, Operations
May 19, 2021
Update: MJ02 In Israel
Dear Zion Supporters and Shareholders,
Operations at Megiddo-Jezreel #2 safely remain unhindered. We are continuing to make good progress as we complete the third stage of the well.
Our drilling rate has significantly outpaced our first two sections. In fact, on May 18, operations set a rig record of 173 meters (567 feet) drilled within 24 hours with a 12.25 inch bit (which is one and a half times larger than this section on Megiddo-Jezreel #1).
We are encountering our key geological markers, as expected, as we approach certain zones of interest.
Sincerely,
Monty Kness
VP, Operations
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