Zion O&G Says Hello to New Executive VP

Zion O&G announced that Mr. Victor Carrillo, a member of the Company's Board of Directors, has been appointed Executive Vice President of the Company. Mr. Carrillo will continue to serve on Zion's Board of Directors; however, in his new position, he will be working on a full time basis on the Company's oil and gas exploration activities.

Mr. Carrillo joined Zion's Board of Directors in September 2010. He is a petroleum geologist and geophysicist, attorney and former county judge.

Mr. Carrillo earned his law degree from the University of Houston Law Center, a Master of Science degree in geology (with an emphasis in geophysics) from Baylor University, and a Bachelor of Science degree in geology from Hardin-Simmons University. Mr. Carrillo also received an honorary doctorate degree from Hardin-Simmons University in May 2006.

Zion's Chief Executive Officer, Richard Rinberg, said, "We are very pleased to announce Mr. Carrillo's appointment as our Executive Vice President. Victor Carrillo has a wealth of experience in the petroleum industry and together with Bill Ottaviani, Zion's President and Chief Operating Officer, Zion now has a complete skill-set of experienced petroleum professionals, working full-time to implement our multi-well strategy and achieve success with our exploration and operations, as we continue our pursuit to recover hydrocarbons in Israel."


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