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The company has reported total expenses of $1.35 million for the second quarter of 2009, compared to $1.19 million for the same period of 2008.
Richard Rinberg, CEO of Zion Oil & Gas, said: "We successfully concluded a rights offering with proceeds of $21 million, were notified by the Israeli Petroleum Commissioner's office that Zion had been awarded a preliminary petroleum exploration permit with priority rights on approximately 165,000 acres onshore Israel and commenced drilling operations on our Ma'anit-Rehoboth 2 well."
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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