Zion Oil & Gas files IPO

Zion Oil & Gas Inc., Dallas, filed an initial public offering in late January to raise as much as $14 million to attempt to complete an exploratory well in Israel.

March 7, 2006

By OGJ editors
HOUSTON, Mar. 7 -- Zion Oil & Gas Inc., Dallas, filed an initial public offering in late January to raise as much as $14 million to attempt to complete an exploratory well in Israel.

The funds would be used to attempt completion of the Ma'anit-1 well, TD 15,842 ft, and possibly to drill an appraisal well (OGJ Online, Oct. 7, 2005).

Zion also applied to list its common stock on the American Stock Exchange if the IPO is successfully completed.