Group email update I just received August 23, 2
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Posted On: 08/23/2021 11:04:33 PM
Group email update I just received
August 23, 2021
Update: MJ02 In Israel
Dear Zion Supporters and Shareholders,
We know many of you look forward to each new update on the Megiddo-Jezreel #2 (MJ02) well project with eager anticipation as you walk alongside us in this journey. There have been hurdles along the way — including increased COVID-related delays and interruptions to operations while we awaited specially ordered components needed for our modified drill plan — but we can thankfully confirm drilling is now proceeding effectively on all fronts of our updated plan.
We have faced no serious security concerns to date despite continuing unrest in the region. Our crew remains both safe and unhindered in their exceptional work. We appreciate all your continued prayers.
As always, we are ever thankful to our loyal shareholders and supporters. We will continue to provide updates when we have relevant information to share with the public.
Sincerely,
Rob Dunn, Zion CEO
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including, but not limited to, statements regarding Zion’s operations and the results therefrom; Zion's ability to discover and produce oil in commercial quantities; Zion’s ability to continue as a going concern; operational risks in ongoing exploration efforts; the timing and completion of the processing, interpretation of the results and plans contingent thereon of the 3-D seismic survey; regulatory approvals needed for the rig’s operation; the effect, if any, of the coronavirus pandemic on the timing of the operation of the well, and liquidity for shareholders on OTCQX are forward-looking statements as defined in the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties, and other unpredictable factors, many of which are described in Zion’s periodic reports filed with the SEC and are beyond Zion’s control. These risks could cause Zion’s actual performance to differ materially from the results predicted by these forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Zion’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Zion’s filings with the SEC. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
August 23, 2021
Update: MJ02 In Israel
Dear Zion Supporters and Shareholders,
We know many of you look forward to each new update on the Megiddo-Jezreel #2 (MJ02) well project with eager anticipation as you walk alongside us in this journey. There have been hurdles along the way — including increased COVID-related delays and interruptions to operations while we awaited specially ordered components needed for our modified drill plan — but we can thankfully confirm drilling is now proceeding effectively on all fronts of our updated plan.
We have faced no serious security concerns to date despite continuing unrest in the region. Our crew remains both safe and unhindered in their exceptional work. We appreciate all your continued prayers.
As always, we are ever thankful to our loyal shareholders and supporters. We will continue to provide updates when we have relevant information to share with the public.
Sincerely,
Rob Dunn, Zion CEO
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including, but not limited to, statements regarding Zion’s operations and the results therefrom; Zion's ability to discover and produce oil in commercial quantities; Zion’s ability to continue as a going concern; operational risks in ongoing exploration efforts; the timing and completion of the processing, interpretation of the results and plans contingent thereon of the 3-D seismic survey; regulatory approvals needed for the rig’s operation; the effect, if any, of the coronavirus pandemic on the timing of the operation of the well, and liquidity for shareholders on OTCQX are forward-looking statements as defined in the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties, and other unpredictable factors, many of which are described in Zion’s periodic reports filed with the SEC and are beyond Zion’s control. These risks could cause Zion’s actual performance to differ materially from the results predicted by these forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Zion’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Zion’s filings with the SEC. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
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