- Zion Oil & Gas (NASDAQ:ZN +18.1%) says it has begun performing a perforation and stimulation operation at its Elijah #3 well in Israel's northern coastal region, entering the next stage of its exploratory activity in the country.
- If the test is positive, ZN plans to meet with Israel oil regulators to discuss development plans; if not, the well will be capped.
Zion Oil & Gas resumes Israel drilling, shares +18%
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