FYI: Zion Oil, the Texas-based, faith-driven, wildcat driller searching for the black stuff in Israel's holy lands, sent out a press release late on Tuesday.
After eighteen years in which the company has raised $181m from investors ($16m in this year alone), drilled four dry wells and generated zero dollars in revenue, the operational update for its latest well, Megiddo-Jezreel #1, spelt more bad news for its beleaguered shareholders.
Regards,
Ted
https://ftalphaville.ft.com/2018/11/21/1542806101000/Zion-Oil--we-drilled-a-dud/Oil Boom In Israel:
