Zion Oil & Gas enters LOI to purchase drilling rig for Israel operations

first_img 1600 horsepower AC Top Drive equipped rig capable of 20,000ft depth. (Credit: Zion Oil & Gas, Inc.) Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they have entered a partially binding letter of intent to purchase a drilling rig and has formed two wholly owned subsidiary corporations.“We have signed a letter of intent to purchase a drilling rig for Zion’s ongoing 2020 exploration plans,” Zion’s COO, Robert Dunn said. “This rig will have increased capabilities for onshore drilling in Israel, and we see it as a vital part of our operations going forward.”“We were fortunate to find this rig and believe it is an ideal fit for our plans,” stated Zion’s President, Bill Avery. “We are thankful for our shareholders’ ongoing support which will enable us to close the purchase of the rig with immediately available cash at closing.”Zion has entered into a partially binding letter of intent to purchase a drilling rig, drill pipe, and all related equipment for importation into Israel to continue its exploration plans.The rig is a 1600 horsepower AC Top Drive equipped rig with a twin 1600 horsepower mud pump system with a depth capability of 20,000 ft. The rig will be equipped with 15,000 ft of heavy 5″ drill pipe along with associated well control equipment.The rig underwent a full CAT III & IV certification in late 2017, reassuring the quality of the rig and ancillary equipment, and it has drilled two wells since certification.Zion and the seller plan to immediately begin negotiating a definitive purchase agreement to close the purchase of the rig for the agreed sum of $5,600,000, subject to satisfactory due diligence. The rig purchase will be a cash purchase payable in full at closing, with no financing required.On January 24, 2020, Zion incorporated a wholly-owned subsidiary, Zion Drilling, Inc., a Delaware corporation, for the purpose of owning the rig and related equipment, and on January 31, 2020, Zion incorporated another wholly-owned subsidiary, Zion Drilling Services, Inc., a Delaware corporation, to act as the contractor providing such drilling services.When Zion is not using the rig for its own exploration activities, Zion Drilling Services may contract with other operators in Israel to provide drilling services at market rates then in effect.Zion has the trademark “ZION DRILLING” filed with the United States Patent and Trademark Office and with the World Intellectual Property Organization in Geneva, Switzerland, under the Madrid Agreement and Protocol.  Also, Zion has the trademark filed with the Israeli Trademark Office in Israel. Source: Company Press Release The rig underwent a full CAT III & IV certification in late 2017, reassuring the quality of the rig and ancillary equipment, and it has drilled two wells since certificationlast_img read more

Chilli spiciness measured

first_imgThe present procedure for measuring the hotness of chillies in the food industry, using subjective taste testers, is considered far less reliable. Oxford University scientists have devised a new way of measuring the hotness of chillies. The process, which works by measuring the level of capsaicinoids (the source of the chilli’s hotness) in the chilli sauce, is called Adsorptive Stripping Voltammetry (ASV).center_img This new method can precisely determine the level of hotness more speedily and cheaply than ever before.last_img read more

Jaffaholic wins OxPrentice ice cream competition

first_img“We could literally go to the same places that they’d sourced the products giving us the prices, everything we needed to know, so it made it very straightforward for us to then go out and make their flavour as they wanted it to appear.”Hayato Maedo, OxPrentice director, commented, “I’m delighted with the event. We managed to hold a really cool event, the companies were pleased with the outcome, the feedback from the participants was (I think) the best we’ve ever had (averaging in the region of 9 out of 10) and what’s more, one of the winning teams managed to get onto BBC Oxford radio to talk about their flavour.”Corcoran added, “We were very impressed with the quality of the flavour ideas they came up with and they were quite diverse. Both of the two finalists flavours were fantastic and we promised that we would repeat the winning flavour throughout the course of the year anyway but in actual fact I would be very keen to produce both of the flavours and they will probably be a flavour on and off throughout the year and probably for a few years to come as well.”Other entrants included Super G, an energy ice cream which was targeted at sports teams and gym enthusiasts, and Banoffee Crunch and Nostalgic Nana, an ice cream based on the banana flavoured sweets from the 1980s.The panel of experts was made up of managers from G&D’s, the marketing firm Purple Frog, and a marketing representative from Nestle.Jordan Poulton, President of the Oxford Entrepreneurs, explained the motivation behindthe competition, “We want to help people learn business skills by testing themselves in a risk-free environment. They don’t have to invest any money, only some time, and they get the chance to prove their abilities in real life entrepreneurial scenarios. We have a number of events lined up for the year, and we also have an iPhone App under development at the moment from the previous OxPrentice challenge.” Enterprising students have been putting their skills to the test in an ice cream selling competition.As part of the Oxford Entrepreneurs’ “OxPrentice” series, competitors in the G&D’s Challenge were asked to come up with a flavour of ice cream and pitch it to a panel of experts. At the end of 6th week, the best two flavours were made, and the ice cream that sold the most was declared the winner.The two teams went head to head with flavours “Jaffaholic”, made of jaffa cake chunks soaked in cointreau, and a festive ice cream which contained chunks of gingerbread and white chocolate.Thirteen tubs of each ice cream were produced and distributed to the three G&D’s shops around Oxford. The ice cream went on sale at noon on Friday of 6th, and the winner was the flavour which sold out first, or which had sold the most by midnight on Monday. Both teams were given a budget of £200 for ingredients and £100 for marketing.The winning flavour was Jaffaholic, which triumphed by a margin of just half a tub.Ushma Soneji, Hertford College, from the Jaffaholic team said, “We came up with the idea because we wanted something that hadn’t been done before, but would work well with the other flavours available at G&D’s so it could realistically become a long term regular flavour.”Suzanne Winder, a Hertford graduate, and also on the winning team said, “We had the brainstorming on Wednesday when the idea was chosen, the ice cream was made on Thursday while we got our strategy together (fitted around work), it went on sale Friday lunchtime and I spent most of Friday, Saturday and Sunday entirely focussed on telling everyone about my flavour and letting them taste it. We weren’t really warned about how quick the challenge would be, we just had to get on with it.”Tom Corcoran, manager of the St. Aldate’s G&D’s, said, “One of the things we were looking for in the competition was that they had to be able to source local ingredients. It was partly because that’s what we prefer to do wherever possible, but also it ensures for us that if the competition was running on Wednesday, as it was, we could guarantee that we could have the ice cream on sale on Friday.last_img read more

News story: Division and merger of international trade mark registrations.

first_imgFrom 1 February 2019, the World Intellectual Property Organisation (WIPO) enabled international trade mark applications to be divided and merged.The change allows applicants, who are refused part of their mark, to apply for the new international trade mark. The acceptable elements of their application will be protected. Applicants can then address the remaining parts of their application.The new rule allows holders to then merge the two parts of their trade mark back to together once the objections are resolved. Once merged, holders would pay only one renewal fee.last_img read more

New poster campaign for Ginsters

first_imgSamworth Brothers-owned pastry brand Ginsters is to launch a new poster campaign, designed to raise awareness of the brand’s focus on quality and local sourcing.The six new posters will appear at sites across the UK in both digital and paper form, and will feature local farmers who supply the brand, alongside the strapline ‘Fans of real food’.Kate Brown, Ginsters brand manager, said: “We are very proud of the fantastic quality ingredients in our products sourced from local farms, some of which are only 15 miles from our bakery in Cornwall.“In research with consumers, it was clear that they are genuinely interested in what’s in the products they buy and where the ingredients come from to help in their purchase decisions – our poster campaign is designed to do just that,” she added.The campaign will launch on 8 May and run for four weeks.last_img read more

A warm welcome for Mila Kunis

first_imgSmiling from ear to ear, Mila Kunis added her name to the wall of Farkas Hall this afternoon as Hasty Pudding’s 68th Woman of the Year. The award places her in the company of such stars as Lucille Ball, Diane Keaton, and Amy Poehler, all past Pudding Pot recipients.The star of television and film was treated to a tour of Farkas Hall by Hasty Pudding. Wrapped in a wool coat and cap, Kunis braved the frigid New England winter for the traditional parade through Harvard Square on her way to the celebratory roast, Hasty Pudding’s trademark burlesque skits performed with Hasty Theatricals’ members, and a live-streamed press conference.,The award for Kunis came on the same day Hasty Pudding’s president, Amira T. Weeks ’18, announced that the student group will begin casting  women in its shows. The group has included women for some time, but has only had males on stage.The Hasty Pudding Theatricals, the oldest theatrical organization in the country, has been awarding its pudding pot since 1951 to performers who have made lasting and impressive contributions to entertainment.Kunis catapulted to fame as the spoiled Jackie Burkhart on Fox’s “That ’70s Show” in 1998. She is an original cast member of the popular animated series “Family Guy,” for which she voices perennial scapegoat Meg Griffin.,Kunis’ breakout role came in 2008’s “Forgetting Sarah Marshall,” in which she co-starred alongside 2018 Man of the Year Paul Rudd, who will accept his award next week. Kunis garnered critical acclaim for her portrayal of the titular character in the 2010 psychological thriller “Black Swan,” co-starring opposite Natalie Portman ’03.last_img read more

Happy Opening Night to Adam Jacobs and the Cast of Aladdin

first_img Star Files Aladdin View Comments Related Shows About the Artist: With a desire to celebrate the magic of live theater and those who create it, and with a deep reverence for such touchstones as the work of Al Hirschfeld and the wall at Sardi’s, Squigs is happy and grateful to be among those carrying on the traditions where theater and caricature meet. He was born and raised in Oregon, lived in Los Angeles for quite a long time and now calls New York City his home.center_img Adam Jacobs If one of your three wishes was to see the 1992 Disney film Aladdin make its way to the Great White Way, you’re in luck. After much anticipation, the stage adaptation, directed and choreographed by Casey Nicholaw, with a book by Chad Beguelin, music by Alan Menken and lyrics by Tim Rice and the late Howard Ashman, officially opens at the New Amsterdam Theatre on March 20. To celebrate the show’s official opening night, Broadway.com resident artist Justin “Squigs” Robertson sketched this portrait of the cast in action.Adam Jacobs, Jonathan Freeman, James Monroe Iglehart, Courtney Reed, Brian Gonzales, Brandon O’Neill, Jonathan Schwartz, Clifton Davis and Don Darryl Rivera tell the story of a street urchin who, with the help of a magic Genie, wins the heart of Princess Jasmine.Broadway.com wishes the cast and creative team of Aladdin a magical opening night! from $57.50last_img read more

Garden rows

first_imgAs a University of Georgia Cooperative Extension agent, I answer hundreds of gardening question. This week, a gardener wanted to know how far apart to space her garden rows. The short answer is: it depends. Row spacing in raised bed gardens is often closer than in traditional plowed gardens. For a raised bed garden, you probably don’t want boxes and/or rows wider than 5 feet, so you can easily reach into the garden and pull weeds or harvest vegetables without having to walk into the raised bed. Because raised bed gardens are usually maintained without machinery, rows can be closer.For plowed garden plots, row spacing is often determined by the width of your rotary tiller. For most tillers, rows should be at least 36 inches wide. This way you can go back between the rows and lightly cultivate for weed control until the crop starts to fill in between the rows. For most crops such as beans, corn, tomatoes, eggplant, peppers, okra, peas and squash, 36-inch row spacing would be the minimum. Some gardeners prefer slightly wider rows for certain crops like okra because it’s just a pain, literally, to have to harvest without some headroom. When using cages for tomatoes, peppers and eggplants, add a little extra space for convenience. For vine crops such as sweet potatoes, cucumbers, cantaloupe, watermelons and pumpkins, leave at least 60 to 72 inches between the rows. Rows spaced 72 inches are perfect for making two passes with most rotary tillers for weed control until the vines begin to run.So what about planting crops even further apart? You can plant most crops at a greater distance with the exception of corn. Corn does best when planted in at least two rows within a few feet of each other for good pollination. Keep in mind that the wider your row spacing becomes, the more weeds you will have to deal with. When spacing your rows, the goal is to maximize crop growth and yield while out-competing weeds. Closer spaced crops tend to shade out competing weeds once the crop leaves begin to form a canopy over the middle of the rows. You still need to control the weeds with tilling and hoeing early in the season. If you do a good job managing those weeds early on, then you should have fewer weeds as the season progresses.For more information on row spacing, check out UGA Extension’s free publication on “Home Gardening” at http://t.uga.edu/ex.last_img read more

USDA designates all counties in Vermont primary natural disaster area over summer storms

first_imgUSDA DESIGNATES ALL COUNTIES IN VERMONT AS A PRIMARYNATURAL DISASTER AREADecision Allows Farmers and Ranchers to Apply for USDA Assistance COLCHESTER, VT, Oct. 27, 2008 – Harvey Smith, State Executive Director for USDA’s Farm Service Agency in Vermont today announced that all counties in the State have been designated as natural disaster areas because of severe weather events, including excessive rain, flooding, flash flooding, high winds, hail, lightning, tornadoes that occurred in June through August 2008. “I’m pleased that USDA can offer assistance to farmers and ranchers who have struggled with severe weather conditions,” said Smith. “This agriculture disaster designation will enable eligible producers to apply for low-interest emergency loans from USDA to help cover their losses.” Vermont Governor Jim Douglas echoed Smith’s sentiments. “I am pleased that the USDA has responded to our request for assistance. Excessive rains, flooding and high winds this growing season have made it a more challenging year for farmers in Vermont and this assistance is needed and very much appreciated,” said Governor Douglas. “Helping our farmers recover from the hardships caused by extreme weather will help to preserve Vermont’s important agricultural economy.” According to Smith, all counties listed above were designated natural disaster areas on Oct. 22, 2008, making all qualified farm operators in the designated areas eligible for low interest emergency (EM) loans from USDA’s Farm Service Agency (FSA), provided eligibility requirements are met. Farmers in eligible counties have eight months from the date of the declaration to apply for loans to help cover part of their actual losses. FSA will consider each loan application on its own merits, taking into account the extent of losses, security available and repayment ability. FSA has a variety of programs, in addition to the EM loan program, to help eligible farmers recover from adversity. USDA has also made other programs available to assist farmers and ranchers, including the Emergency Conservation Program, Federal Crop Insurance and the Noninsured Crop Disaster Assistance Program. Interested farmers may contact their local USDA Service Centers for further information on eligibility requirements and application procedures for these and other programs. Additional information is also available online at: http://disaster.fsa.usda.gov(link is external). FSA news releases are available on FSA’s Web site at:http://www.fsa.usda.gov(link is external) via the “News and Events” link.last_img read more

Tokenization the new superheroes of payments fraud

first_imgMore on TokenizationThis is Part 3 of the 3-Part series “Tokenization, Encryption, EMV, and Biometrics: The New Superheroes of Payments Fraud.”  In Part 1, we reviewed tokenization, its background, and how it is now being used in mobile wallets.  In Part 2, we provided a deeper understanding of EMV and its use of encryption to protect payment credentials and we covered how NFC technology fits into the payments picture. In Part 3, the final installment of the series, we will look more closely at tokenization, the protection of payment credentials and some of the potential problems it will present the merchants.Tokenization and CNP transactions – the final frontierThe goal of EMV, encryption, and tokenization is to minimize counterfeiting of payments cards at the POS. That leaves one final frontier of fraud, online fraud or Card Not Present (CNP) transaction fraud. In countries that have widely adopted EMV, counterfeit fraud at the POS has dropped to fractions of what they once were, and online fraud has ballooned. This is where tokenization, using the term much more loosely, can also be deployed to reduce fraud.As long as merchants will accept their shoppers keying in 16 digit numbers and a CVV and expiry, there will be fraudsters obtaining card data, typically in large scale breaches. continue reading » 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more