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from the last 10q they have subsequently increase

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Post# of 1037
(Total Views: 184)
Posted On: 06/26/2019 3:59:30 PM
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Posted By: microcaps
from the last 10q
they have subsequently increased the proposed survey area to 72 sq km as noted by an email to all who signed up for emails
in general the bigger the survey area the greater the depth shown by the survey

so from the 10Q:

On February 24, 2019 Zion submitted a request to the Commissioner to extend the Megiddo-Jezreel License No. 401 up to December 2, 2020.

On February 28, 2019 the Commissioner approved the extension of the Megiddo-Jezreel License No. 401 up to December 2, 2020.

On April 30, 2019 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time is necessary because Zion intends to conduct a 3D survey in an area of approximately 60 square kilometers. This requires, amongst others, extensive permitting activities with relevant local landowners, the ILA, certain authorities and others throughout the seismic survey area and in all likelihood will not conclude prior to the beginning of the Jewish holidays in October and rainy season. This in turn would result in additional delay, as rain and mud are not conductive to the performance of a seismic survey which includes extensive use of vibrators.



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Zion’s proposed new timelines and activity descriptions are shown below:


Number Activity description Execution by:
1 Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform 30 November, 2019
2 Commence 3D seismic survey in an area of approximately 60 square kilometers 1 April, 2020
3 Transfer of field material configuration and processed material to the Ministry pursuant to Ministry guidelines 15 August 2020
4 Submit interpretation report 15 November, 2020



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