Thu, 06 Oct 2011 17:16:00 CDT
Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that it has signed an agreement with the Geophysical Institute of Israel relating to the acquisition of approximately 15 kilometers of 2D seismic lines located within Zion's Jordan Valley License area. The acquisition is expected to begin in the last quarter of 2011 or the first quarter of 2012 and the total cost of the program, including mobilization and demobilization, is projected to be approximately US$ 380,000.
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