Netanyahu signs off natural gas deal
Enorme olievondst in Israël
Israel’s oil in Golan, Megiddo-Jezreel Valley
Zion Receives Initial Oil and Gas Drilling Approval in Israel
On 6 November, Zion Oil announced the public release of a resource assessment report, with estimated prospective recoverable oil volumes ranging from 20.7 million barrels to 234.6 million barrels of oil. If a discovery is made, the “best estimate” for recoverable hydrocarbons is at 69.7 million barrels.
According to a December 2007 Jerusalem Post article, the Bible Scriptures that led John Brown back in the 1980s to believe there would be oil in Israel are from Deuteronomy 32:13, when Moses says “[God] would suckle him with honey from a stone, and oil from a flinty rock,” and Deuteronomy 33:24 with Moses blessing Asher “he shall be accepted by his brothers, and dip his foot in oil.”
It is no surprise then that in a 7 October press release, Zion Oil noted Dr. Yuval Bartov from Afek saying, “the important thing is to know the oil is in the rock and that’s what we now know.”