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Zion Oil & Gas (ZN) Surged To Over A 6-Month High After Well Finds Oil

Zion Oil & Gas (ZN) announced Tuesday afternoon that it has encountered both oil and gas while circulating drilling mud at its Megiddo-Jezreel #1 well.

Zion Oil & Gas surged to the upside in the final 3 hours of trade Tuesday and finished with a gain of 2 points at $4.30 on strong volume. The stock surged to over a 6-month high.

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