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Posted On: 08/15/2022 6:43:45 PM
email-absent pics which didnt copy -to all who signed up to receive such
in any type of mining unexpected obstacles delays are, from what i've seen in various such adventures, are par for the course
August 15, 2022
Update: MJ02 In Israel
Dear Zion Shareholders and Supporters,
As most of you know, our MJ02 well operations are currently in the testing stage. Specifically, Drill Stem Testing (DST) is in process and will continue over the next few weeks.
Multiple zones have already been treated in the past couple of months, despite unforeseen logistical hurdles, including a pump failure, chemical issues, and equipment transportation delays resulting in delayed operations for the past three weeks.
Nevertheless, we are pleased to see the progress made and will, of course, publish material news and results as they become available and are ready for dissemination to the public.
We continually give thanks to God and our loyal shareholders and supporters who make all this possible.
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, including testing and completion; 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.
in any type of mining unexpected obstacles delays are, from what i've seen in various such adventures, are par for the course
August 15, 2022
Update: MJ02 In Israel
Dear Zion Shareholders and Supporters,
As most of you know, our MJ02 well operations are currently in the testing stage. Specifically, Drill Stem Testing (DST) is in process and will continue over the next few weeks.
Multiple zones have already been treated in the past couple of months, despite unforeseen logistical hurdles, including a pump failure, chemical issues, and equipment transportation delays resulting in delayed operations for the past three weeks.
Nevertheless, we are pleased to see the progress made and will, of course, publish material news and results as they become available and are ready for dissemination to the public.
We continually give thanks to God and our loyal shareholders and supporters who make all this possible.
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, including testing and completion; 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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