US-based
In a press release, the company’s CEO
He added: “This is an exciting time for Zion as we implement cutting-edge technologies and stimulation methods to potentially unlock previous and newly identified zones of interest.”
MJ-01 lies in the south-eastern section of exploration licence 434 – the Megiddo Valleys Licence – which covers an area of around 75,000 acres (303 square km) near the border with
The company said that it “has secured service contractors and ancillary items required for efficient operations” and is now targeting a recompletion project start date in Q1 2024.
Founder and chairman
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