Brief: Zion Oil & Gas Enters Loi To Purchase A Drilling Rig For Israel Operations
05/02/2020 23:13
Zion Oil and Gas Inc ZN.O :
* ZION OIL & GAS ENTERS LOI TO PURCHASE A DRILLING RIG FOR
ISRAEL
OPERATIONS
* ZION OIL AND GAS INC - RIG PURCHASE WILL BE A CASH
PURCHASE
PAYABLE IN FULL AT CLOSING, WITH NO FINANCING REQUIRED
* ZION OIL AND GAS - CO, SELLER PLAN TO IMMEDIATELY BEGIN
NEGOTIATING PURCHASE AGREEMENT TO CLOSE PURCHASE OF RIG FOR
AGREED SUM OF $5.6 MILLION
Source text for Eikon: ID:nPn34DTh7a
Further company coverage: ZN.O
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