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
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.