DALLAS and CAESAREA, Israel, Aug. 9, 2010 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) reported today its results for the quarter ended June 30, 2010. The company reported a net loss of $23,526,000 or $(1.25) per share for the second quarter of 2010 compared to a net loss of $1,332,000 or $(0.11) per share for the same quarter a year earlier. The increase in net loss is primarily attributable to the impairment charge of $22,022,000 recorded during the second quarter of 2010 in respect of the Ma'anit-Rehoboth #2 well. The company has no revenues as it is still an exploration stage company .
Zion Oil & Gas Reports Second Quarter Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.