April 23 (Reuters) - Zion Oil and Gas Inc:
* Says concluded that commercial quantities of hydrocarbons are not present in
Ma'anit-Rehoboth #2 well
* Says in the process of suspending operations on the well - SEC filing
* Says to record estimated non-cash impairment charge of about $18 million to
unproved oil and gas properties
* Says sees charge for the quarter ending March 31, 2010
* Says Ma'anit-Rehoboth well may have further utility as potential offset well
to next well planned to be drilled
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* Says concluded that commercial quantities of hydrocarbons are not present in
Ma'anit-Rehoboth #2 well
* Says in the process of suspending operations on the well - SEC filing
* Says to record estimated non-cash impairment charge of about $18 million to
unproved oil and gas properties
* Says sees charge for the quarter ending March 31, 2010
* Says Ma'anit-Rehoboth well may have further utility as potential offset well
to next well planned to be drilled
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.