Zion Oil & Gas (ZN) Awarded One-Year Extension On Its Petroleum Exploration Licenses

Zion Oil & Gas, Inc. (Nasdaq: ZN) reported today that the Israeli Petroleum Commissioner has awarded the company a one-year extension on each of its petroleum exploration licenses, the Joseph License and the Asher-Menashe License. Zion's "Asher-Menashe License" covers an area of approximately 78,824 acres located on the Israeli coastal plain...

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