Zion Oil & Gas, Inc. Company News

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Zion Purchases Land Rig, Forms New Subsidiaries
Friday, February 07, 2020 Zion will purchase the rig for drilling in Israel with immediately available cash.

Zion Granted Approval to Drill Well Onshore Israel
Friday, December 02, 2016 Zion Oil & Gas has been granted approval by the State of Israel's petroleum commissioner to drill an oil well in Israel, within its 99,000 acre license.

Zion in Talks with Viking for Land Rig to Drill in Megiddo-Jezreel License
Tuesday, June 30, 2015 Zion Oil & Gas is in discussions with Viking Services for the provision of a land rig to drill a well in the Megiddo-Jezreel License area in Israel.

Israel Grants Zion Megiddo-Jezreel Petroleum License
Wednesday, December 11, 2013 Zion Oil & Gas announces that the State of Israel's Petroleum Commissioner awarded the Company a Megiddo-Jezreel Petroleum Exploration License.

Zion to Re-Enter Israel Elijah Well
Tuesday, July 03, 2012 Zion O&G signs an agreement with Lapidoth regarding further exploratory work to be performed in Zion's Asher-Menashe License area in northern Israel.

Zion O&G Receives Extension at Joseph License in Israel
Thursday, October 27, 2011 Zion O&G reported that the Israeli Petroleum Commissioner has awarded the company a one-year extension on its Joseph petroleum exploration license in Northern Israel.

Zion O&G Granted Exploration Extension at Israeli License
Monday, July 11, 2011 Zion O&G reported that the Israeli Petroleum Commissioner has awarded the company a one-year extension on its Asher-Menashe petroleum exploration license in Northern Israel.

Zion O&G Reaches TD at Israel Well
Tuesday, June 14, 2011 Zion O&G has reached its target depth of approximately 19,357 feet (5,900 meters) in drilling its Ma'anit-Joseph #3 well.

Zion O&G Applies for Israel Exploration Permit
Tuesday, June 14, 2011 Zion O&G announced that on June 13, 2011, the Company submitted an application to the Israeli Petroleum Commissioner's Office, requesting the grant of a new petroleum exploration permit area adjacent to Zion's Joseph License area.

Zion O&G Notified of New Exploration License in Israel
Thursday, April 14, 2011 Zion that it will be awarded a new petroleum exploration license on land within Zion's previous (and now expired) Issachar-Zebulun Permit area.

Zion O&G Names New CFO
Thursday, April 07, 2011 Zion O&G announced that Mr. Ilan Sheena CPA (Israel) has been appointed Chief Financial Officer of the Company.

Zion O&G Says Hello to New Executive VP
Tuesday, February 01, 2011 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.

Zion O&G Appoints New Secretary, Treasurer
Tuesday, November 30, 2010 Zion O&G announced that Martin M. Van Brauman has been appointed Secretary and Treasurer of the Company.

Zion O&G Extends Subscription Period for Rights Offering
Friday, November 19, 2010 Zion O&G has extended the expiration date for its pending rights offering to December 15, 2010.

Zion O&G Commences Drilling at Israel Well
Friday, August 27, 2010 Zion O&G announced that drilling operations have begun on its Ma'anit-Joseph #3 well, in its Joseph License area, onshore Northern Israel.

Zion O&G Shuffles Management
Friday, July 09, 2010 Zion O&G announced that, effective July 9, 2010, Kent S. Siegel has been appointed as Chief Financial Officer and Senior Vice President.

Zion O&G to Drill Israeli Well
Wednesday, May 26, 2010 Zion recently signed an agreement with Kibbutz Ma'anit, the leaseholder of the land containing Zion's planned next well, the Ma'anit-Joseph #3 well.

Zion O&G Signs Drilling Extension Contract
Monday, May 24, 2010 Zion O&G signed an extension to its drilling contract with Aladdin Middle East, which was originally executed on September 12, 2008.

Zion O&G Secures Extension for Exploration Licenses
Tuesday, May 18, 2010 Zion O&G reported that the Israeli Petroleum Commissioner has awarded the company a one-year extension on each of its petroleum exploration licenses, the Joseph License and the Asher-Menashe License.

Zion O&G to Spin Off Subsidiary
Tuesday, April 20, 2010 Zion O&G signed a Memorandum of Understanding with Aladdin Middle East outlining Zion's plan to establish a subsidiary.

Zion O&G Welcomes New Director
Tuesday, April 13, 2010 Zion O&G announced that Mr. William L. Ottaviani has been appointed as a Director.

Zion Raised Total Gross Proceeds of $45MM in '09
Wednesday, March 17, 2010 Zion's Chief Executive Officer, Richard J. Rinberg, commented, "During 2009, Zion's staff were successful in significantly moving Zion's business forward."

Zion Oil & Gas to Resume Testing on Ma'anit-Rehoboth #2
Friday, February 05, 2010 Zion Oil & Gas is mobilizing its drilling rig, currently situated at the Elijah No.3 well, to resume production testing operations on the Ma'anit-Rehoboth No.2 well within two weeks.

New President, COO Joins Zion Oil & Gas
Monday, February 01, 2010 Zion Oil & Gas announced that William L. Ottaviani has joined the Company as President and Chief Operating Officer.

Zion Oil & Gas Posts Preliminary Results for Rights Offering
Tuesday, December 01, 2009 Zion Oil & Gas announced the preliminary results of its rights offering to stockholders, offering 3.6 million shares of Zion's common stock at a subscription price of $5.00 per share.

Zion Oil & Gas Comments on Third Quarter Results
Tuesday, November 17, 2009 Zion Oil & Gas has commented on its recently released results for the quarter ended September 30, 2009.

Zion Oil & Gas Appoints VP of Finance
Tuesday, November 03, 2009 Zion Oil & Gas announced today that, effective November 1, 2009, Ilan Sheena, a certified public accountant in Israel, joined the Company as Vice President of Finance of the Company's Caesarea branch.

Zion Commences Drilling Operations on Elijah #3 Well
Wednesday, October 21, 2009 Zion Oil & Gas announced today that drilling operations have begun on its Elijah No.3 well.

Zion Oil & Gas Rights Offering Fully Subscribed, $21MM Raised
Thursday, June 25, 2009 Zion Oil & Gas announced that on June 24, 2009 it completed its previously announced rights offering.

Zion O&G Scoops Up 165,000 Acre Exploration Permit Onshore Israel
Monday, June 22, 2009 Zion Oil & Gas was awarded a preliminary petroleum exploration permit with priority rights on approximately 165,000 acres onshore Israel.

Zion Oil & Gas Kicks Off Drilling Operations in Israel
Monday, May 04, 2009 Zion Oil & Gas announced today that drilling operations have begun on its Ma'anit-Rehoboth No. 2 well.

Zion Updates Drilling Schedule, Rig Arrives in Israel
Monday, April 20, 2009 Zion reported that the drilling rig to be used for the Ma'anit-Rehoboth-2 well arrived by ship at the Israeli Port of Haifa during the evening of April 18, 2009.

Zion Files FY08 Results, Receives 'Going Concern' Qualification in Audit
Tuesday, March 31, 2009 Zion Oil & Gas filed on March 31, 2009, its Annual Report on Form 10-K for the fiscal year ended December 31, 2008.

Zion Oil Anticipates Drilling Commencement in Israel by April 2009
Friday, March 20, 2009 Zion anticipates that the drilling rig contracted for the Ma'anit-Rehoboth No. 2 well will arrive in Israel, clear customs and be fully rigged-up to begin drilling in April 2009.

Zion Applies for Petroleum Exploration Permit Onshore Israel
Thursday, February 26, 2009 Zion Oil & Gas submitted an application to Israel's Oil Commissioner requesting the grant of a preliminary petroleum exploration permit on approximately 245,000 acres onshore Israel.

Zion O&G Restructures Management
Monday, January 12, 2009 Zion Oil & Gas has appointed Martin M. Van Brauman as Chief Legal Officer and Senior Vice President, and Sandra Green as Chief Financial Officer and Senior Vice President.

Zion Oil Purchases Drill Pipe for Ma'anit-Rehoboth Well in Israel
Tuesday, December 16, 2008 Zion Oil & Gas has contracted for a drill pipe to be used in drilling Zion’s upcoming Ma’anit-Rehoboth-2 well.

Zion's Drilling Ops to Start in January after Rig's Delivery
Friday, November 07, 2008 Zion Oil & Gas has announced updated information regarding the status and importation into Israel of the drilling rig and crews contracted for with Aladdin Middle East.

Zion, AME Ink Drilling Rig Deal for Planned Well in Northern Israel
Tuesday, September 16, 2008 Zion Oil & Gas and AME signed a contract in which AME has committed to provide a completely refurbished and updated 2,000 hp rig and crews to drill Zion's planned Ma'anit-Rehoboth-2 well slated for November.

Zion, Aladdin Shake Hands on Drilling Contract Extension
Friday, August 01, 2008 Zion Oil & Gas announced that Aladdin Middle East and Zion have amended their June 18 protocol to extend to September 1, 2008 the date by which they are to sign a drilling contract.

Zion Completes Seismic, Zeros in on New Site
Tuesday, July 01, 2008 Zion's geologic team has completed the processing of seven seismic lines, totaling over 52 km, and is reprocessing an additional 10 lines in two prosepective areas. A new well site, Elijah #3, has been selected on Zion's Asher-Menashe license.

Zion Oil & Gas Signs with Aladdin to Drill Israeli Wells
Thursday, June 19, 2008 Zion Oil & Gas has signed a memorandum of understanding with Aladdin Middle East confirming mutual intent to sign a drilling contract no later than July 31 to drill Zion's planned Ma'anit-Rehoboth #2 well and other wells in Israel.

Zion Oil Seeks Funding for Exploration Program in Israel
Friday, February 01, 2008 Zion Oil & Gas, Inc. reported the filing of a registration statement with the SEC, for a follow-on public offering of a minimum of 325,000 units, up to a maximum of 2,500,000 units, at $10.00 per unit.

Zion Completes Field Acquisition in Asher-Menashe Seismic Survey
Wednesday, January 23, 2008 Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel, has successfully completed the field acquisition stage of its geophysical survey in its Asher-Menashe License area between Caesarea and Haifa, Israel.

Zion Oil & Gas Commences Field Acquisition in Asher-Menashe
Wednesday, December 26, 2007 Zion Oil & Gas of Dallas, Texas and Caesarea, Israel commenced the field acquisition stage of its previously announced geophysical survey in its Asher-Menashe License area between Caesarea and Haifa, Israel.

Zion Submits Permian Report for Planned Well
Tuesday, October 30, 2007 Zion Oil & Gas Inc. says that the company's geological team recently completed a year-long study of the deep Permian horizons on the company's Joseph and Asher-Menashe Licenses.

Zion Oil & Gas to be Granted Joseph Exploration License in Israel
Wednesday, September 26, 2007 Zion Oil & Gas was notified by the Israeli Petroleum Commissioner's office that the Israeli Petroleum Commission recommended that the company's application for a petroleum exploration license, the Joseph License, be granted as submitted.

Zion to Begin Onshore Israel Seismic
Monday, September 17, 2007 Zion Oil & Gas, Inc. has signed an agreement with the Geophysical Institute of Israel to conduct one of the largest and most comprehensive geophysical surveys on-shore in Israel of the past two decades.

Zion Announces Results of Israel Workover
Monday, June 18, 2007 Zion Oil & Gas, Inc. on Monday announced that its geological and engineering team have completed its analysis of the test results of the first of four zones in the upper Triassic, which had been identified as potentially productive.