Drilling Rig Secured in Israel!
We at Zion wanted to reach out again to our many friends and shareholders around the world to make clear that we have signed a contract for a drilling rig that is already in Israel.
This is exciting news!
On October 6, 2016, a drilling contract was executed by Zion and DAFLOG Ltd, an Israeli-registered related party entity to DAFORA S.A.
DAFORA is the largest drilling company in Romania and has drilled over 1,000 wells in Romania, Eastern Europe and East Africa.
Zion will use DAFORA’s F-400 drilling rig which has a 3,000 HP capacity drawworks capable of drilling to over 20,000 ft. This provides sufficient horsepower and safety factor to drill our planned well with a target depth of up to 15,000 ft.