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Nazareth Israel

BUSINESS
March 15, 2004 |
Zion Oil & Gas Inc. is using a mix of geophysics and the Bible to attract investors as it seeks to raise as much as $35 million in an initial public offering to finance oil and gas exploration in the Holy Land. Zion has marshaled geological evidence showing there may be oil or gas under its concession, which runs from south of Nazareth, Israel, where the Bible says Jesus grew up, to the Mediterranean resort of Netanya.

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