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Zion Prepares to Resume Drilling Operations
Investors in Zion Oil & Gas Inc saw new options become available this week, for the October 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ZN options chain for the new October 20th contracts and identified one put and one call contract of particular interest.
Zion prepares to log and case its MJ #1 well at 2,000 meters (6,560 feet)
Company successfully logs, retrieves cores, cases, and cements intermediate section
Investors in Zion Oil & Gas Inc saw new options begin trading today, for the March 2018 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Company successfully raises sufficient funds to drill and test MJ #1 well to proposed total depth
Zion's Operations Reach 3,280 Feet and Company Will Not Extend Current Unit Offering
It would be better from a trading standpoint for this market to sell off with some vigor.
Update of ongoing drilling operations with Zion's Megiddo-Jezreel #1 well
Zion Begins Active Drilling Operations in Israel
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