Zion Oil & Gas Inc (ZNOG)

[tisdal]

From Intro above

COMPANY INFORMATION
In 1985, during a visit to Israel, John M. Brown (our founder and CEO) became inspired and dedicated to finding oil and gas in Israel, and he started the process that led to the Joseph Project. During the next fourteen years he made several trips each year to Israel, hired oil and gas consultants in Israel and Texas, met with Israeli government officials, made direct investments with local exploration companies, and assisted Israeli exploration companies in raising money for oil and gas exploration in Israel. This activity led Mr. Brown, together with others who had assisted him during those years, to form Zion Oil and Gas, Inc. in April 2000 in order to receive the award of a small onshore petroleum license from the Israeli government. Upon its formation, Mr. Brown and the others contributed to Zion all of the technical, economic, legal and financial data they had accumulated over the years relating to oil and gas exploration in Israel. We were reincorporated in Delaware on July 9, 2003.

IPO INITIAL CLOSING SUCCESSFULLY COMPLETED
December 29, 2006--Zion successfully closed the first stage of its IPO. Zion's Registration Statement (declared effective by the Securities and Exchange Commission on September 26, 2006) provides that an initial closing shall be held following the receipt of subscriptions for 350,000 shares. On December 29,2006 Zion completed its initial closing of 436,907 shares at $7.00 per share for a total of $3,058,349.

Guess we were both wrong except I still don't think they've made a penny.