Threats of War over Oil in the Mediterranean

Resources "The Oil of Israel" by John Brown "Breaking the Treasure Code" "The Great Treasure Hunt" Mandelker's "Biblical Treasure Hunt"   Exploration News 8/02/11 Jacob's Blessing Video  7/12/11  Jackpot! Israel on Cusp of Energy Revolution  7/05/11 Zion Testing Ma'ant Well 7/05/11 Zion Annual Meeting Highlights   Israel News 8/02/11 Barclays Bullish on Leviathan Partner Ratio  8/01/11 Israeli Oil find Changes Stakes Across Mideast 7/25/11 Myra, Sarah drilling could start in December 7/22/1 New layer of gas discovered at Tamar field off coast of Haifa 7/21/11 Fueling Israel's Future October 21,2011   Threats of War over Oil in the Mediterranean Israel Built Sa'ar 5-class Corvette Israel has plans to enlarge its navy as the potential of a Mediterranean  war  with Lebanon looms over oil.  According to an October 18 UPI report,  Israel  is considering adding Israeli built warships to protect the Leviathan and  Tamar offshore oil and gas fields. Israel's navy is already scheduled to  receive three new German made Dolphin class submarines. According to the UPI report, "Neighboring Lebanon, which is technically  at  war with Israel, claims that Leviathan, the largest field yet found, runs  into its  territorial waters. Israel rejects that claim. The Iranian-backed Hezbollah  has  threatened military action to prevent Lebanese energy reserved being  'looted.'" In the south, Israel also must protect its current offshore gas platforms  near  Gaza from potential Hamas attack. Both Hezbollah and Hamas are reported to have acquired anti-ship  missiles  from Iran that could be used against Israel's offshore drilling platforms.  Additionally, terrorist groups could simply sail explosive laden boats  up to the  platforms and detonate their cargo. Lebanon's news agency, The Daily Star, reported today that,  "Lebanon is  gearing up for a long-term oil and gas production program although  the  looming diplomatic crisis with Israel over each country's share of  undersea  fossil fuels threatens full-scale conflict. '" Lebanon, still technically at war with Israel, disputes the current  Israeli  Lebanese maritime border and claims that thousands of square  kilometers of  Israel's Tamar and Leviathan gas fields are within Lebanon's  maritime  "Exclusive Economic Zone." The terrorist organization Hezbollah,  now an  official member of Lebanon's government and backed by Syria and  Iran has  vowed that it will not let Israel take possession of the offshore oil  and gas fields. Hezollah leader, Seyyed Hassan Nasrallah , stated  earlier this year, "Those  who put a hand on the Lebanese territories that have oil assets will  have their  territories harmed in return."   Comment Zion's next well planned for the Jordan  Valley   October 21, 2011 In his October 7 Newsletter, Zion Oil & Gas CEO Richard Rinberg wrote.  "Our schedules may change, but today, we believe that it is most likely  that Zion's next well will be drilled in our Jordan Valley License in 2012."   Earlier this month Zion signed a seismic acquisition agreement with the  Geophysical Institute of Israel (GII) to conduct a 2D field seismic survey  in its Jordan Valley License area that is scheduled to commence in late  2011 or early in 2012. Comment  Zion Appoints Carrillo President/COO New Zion President/COO Victor Carrillo at Zion Drilling Rig Dallas, Texas and Caesarea, Israel, " October 18, 2011 " Zion  Oil &  Gas, Inc. (NASDAQ GM: ZN)announced today that Mr. Victor G.  Carrillo has been appointed as President and Chief Operating Officer  of the Company, replacing Mr. William L. Ottaviani who, by mutual  agreement with the Company, left to pursue other opportunities on  October 14, 2011. Mr. Ottaviani resigned from the Company's Board of  Directors, as provided for in his employment agreement with the  Company. Mr. Carrillo, age 46, has been serving as the Company's Executive Vice  President since January 2011 and as a director since September 2010.  Mr. Carrillo will continue to serve on the Company's Board of Directors. Mr. Carrillo is a petroleum geologist and geophysicist, attorney, former  city councilman, former county judge and former statewide elected official  in Texas. For almost eight years, ending in January 2011, Mr. Carrillo  served as a commissioner of the Railroad Commission of Texas (the  State of Texas Board with regulatory jurisdiction over oil and gas  exploration and production) having served as chairman of the three- member statewide elected board twice. Mr. Carrillo holds a law degree  from the University of Houston Law Center, a Master of Science degree  in geology from Baylor University, and a Bachelor of Science degree in  geology from Hardin-Simmons University.  Mr. Carrillo also received an  honorary doctorate degree from Hardin-Simmons University in May  2006.  Mr. Carrillo's background in petroleum geology and geophysics and  regulatory experience as Chairman of the Railroad Commission of  Texas  furnishes to our board access to a greater understanding of both  petroleum  science and regulatory issues. Mr. Carrillo currently also serves as a  director of Magnum Hunter Resources Corporation; an oil and gas  company engaged in the acquisition, development and production of  unconventional oil and gas resource plays in the United States and  Canada. He also serves on the advisory board of the Maguire Energy  Institute at Southern Methodist University in Dallas, Texas. Zion's Chief Executive Officer, Richard Rinberg, said today that, "I want  to thank Bill Ottaviani for his contribution to Zion and wish him well in his  future endeavours. I am very pleased to announce Mr. Carrillo's appointment as our  President and Chief Operating Officer. Victor Carrillo has a wealth of  experience in the petroleum industry and is an experienced petroleum  industry professional. His skills as a petroleum geologist and geophysicist  will serve our Company well as we strive to identify drilling prospect  opportunities in our license areas, confirm our next drilling locations and  implement our multi-well strategy, as we continue our pursuit to recover  hydrocarbons in Israel."   Comment    Home  | About  | Privacy Policy  | Online Store  | Contact Us

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