Zion Oil & Gas: God Promises in the Bible to "Bless Israel" With Oil
From BusinessWeek via Bartholomew's Notes
John Brown, a born-again Christian who believes the Bible will guide him to oil and gas in Israel, is planning to test the faith of investors in the U.S. in the next few weeks. The Texas-based novice oilman who founded Zion Oil & Gas is aiming to raise between $2.45 million and $14 million in an initial public offering, tentatively slated for July, to fund drilling at a kibbutz northeast of Tel Aviv. God, Brown says, "has promised in the Bible to bless Israel with one of the world's largest oil and gas fields."It may take some Divine help for him to pull the venture off. Hundreds of wells have been drilled in Israel in the past 60 years, but none has yielded significant production...
He claims that some 6,000 people—many probably U.S. evangelicals—contacted Zion about buying shares. "We can tell from the way they communicated that some are Christian evangelical ones that believe those who help Israel will be blessed," says Zion Chief Executive Officer Eugene Soltero. Read it All
Bill McCartney
