Search for gas in Triassic reefs progresses in northern Israel

A private independent is exploring what it calls a significant Triassic reef trend in northern Israel.Making the play is Zion Oil & Gas Inc., Dallas, which states that preliminary results of geologic work and seismic interpretation indicate the trend could contain several trillion cubic feet of gas and several hundred million barrels of liquids.An onshore discovery of this caliber would be another big event for Israel, which had only minor commercial production of oil and gas to show after the drilling of more than 400 onshore wells in 50 years. Several large offshore gas discoveries in 1999-2000 changed perceptions of the country's potential. Click here to enlarge imageThe Triassic ...

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