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Zion Oil & Gas (ZN)

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Zion Oil & Gas is a U.S.-based corporation formed under Delaware law, exploring for oil and gas in Israel on licensed and permitted areas of approximately 99,000 acres located onshore between Tel Aviv and Haifa. Click on below link to find out more about Zion Oil & Gas.

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. Though we have  been around a long time, support for Israel, it is similar to the recent phenomena of social and ethical investing,where in crowd fundraising and otherwise people can choose investments which match their social & political, etc., outlook. To our knowledge those groups are not discriminatorily targeted because of their beliefs.

Below link to ZN®ion's home page & corporate Public Relations banner, more info, inspiration of  and ZN's SEC filing archive.



 Nature of Operations as of November 2018

Zion Oil & Gas, Inc., a Delaware corporation is an oil and gas exploration company with a history of 18 years of oil & gas exploration in Israel. As of September 30, 2018, the Company has no revenues from its oil and gas operations.
Zion maintains its corporate headquarters in Dallas, Texas. We also have branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.

Exploration Rights/Exploration Activities

The Company currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres. The Megiddo Jezreel #1 (“MJ #1”) site was completed in early March 2017, after which the drilling rig and associated equipment were mobilized to the site. Performance and endurance tests were completed, and the MJ #1 exploratory well was spud on June 5, 2017, ahead of the June 30, 2017 deadline under the then-existing license terms. The MJ #1 well has been drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet). Thereafter, the Company obtained three open-hole wireline log suites (including a formation image log) and the well was successfully cased and cemented. The Ministry of Energy approved the well testing protocol on April 29, 2018. Testing of the well is ongoing and the Company expects that testing will be concluded in the fourth quarter of 2018.
Depending on the final outcome and results of the current MJ #1 well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets are reachable using directional well trajectories. 

Megiddo-Jezreel Petroleum License, No. 401 (“MJL”)
The MJL was awarded on December 3, 2013 for a three-year primary term through December 2, 2016, with the possibility of additional one-year extensions up to a maximum of seven years. The MJL lies onshore, south and west of the Sea of Galilee, and the Company continues its exploration focus here as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential. In late November 2016, The State of Israel’s Petroleum Commissioner officially approved Zion’s drilling date and license extension request.
On October 30, 2017, the Company sought a multi-year extension to its existing license. After receiving feedback from Israel’s Petroleum Commissioner, the Company submitted a revised extension request on November 9, 2017. On November 20, 2017, Israel’s Petroleum Commissioner officially approved the Company’s multi-year extension request on its Megiddo-Jezreel License No. 401, extending its validity to December 2, 2019. Until recently, the Company remained subject to the following updated key license terms:

No.   Activity Description   Execution by:
1   Submit final report on the results of drilling   31 May 2018
2   Submit program for continuation of work under license   30 June 2018

On June 1, 2018, Zion submitted its Megiddo-Jezreel #1 End of Well Report (EOWR) for the MJL, thus fulfilling our item No. 1 Final Report license work plan obligation, shown above. 
On June 14, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On July 1, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to November 1, 2018, as shown below.


No.   Activity Description   Execution by:
1   Submit program for continuation of work under license   1 November 2018

On October 23, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On October 28, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to January 31, 2019.

The above notes excerpted from page 5 of 3rd quarter 10-Q November 8, 2018 


from November 20, 2018 Operational Update:
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
?1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
?1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water. 
made to August 16, 2018 Operational Update re. future plans



                                                                                                 November 2017 installing blowout protector (BOP) 



                                                                                                                PREDICTED REVENUE WHEN ZION OIL STRIKES 


USGS  Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean

Zion Oil & Gas Encounters Oil,  February 13, 2018 

Current Exploration and Operation Efforts

Megiddo-Jezreel Petroleum License 
Zion currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License (covering an area of approximately 99,000 acres – See Map 1). Under Israeli law, Zion has an exclusive right to oil and gas exploration in our license area in that no other company may drill there. In the event we are successful in the discovery of oil or gas in our license area, current Israeli law entitles us to convert the relevant portions of our license to a 30-year production lease, extendable to 50 years, subject to compliance with a field development work program and production.

                                                        If you notice, the yellow Asher part is a leg with a foot that touches the back of a head with a crown on his head. It looks like Benjamin is the nose and Dan is the mouth with Jordan being the crown.



                                                                                                                                                                      Map of four previous ZN 


                                                                                                                                             This makes it easy to see why MJ#1 is not like the other 4 previous wells

Asher Menashe License (Top West of Map)
1. Ma'annit Rehoboth #1 (not pictured, assumed closed to Ma'annit Rehoboth #2)
2. Elijah #3

Joseph License (Middle West of Map)
1. Ma'annit Rehoboth #2
2. Ma'annit Joseph #3

Then, way over to the East of Israel, along the border of Jordan, on the other side of the Country, is the MJ#1.
Megiddo-Jezreel License (Beit She'an)
1. Megiddo-Jezreel #1

The first four wells were first dictated by Mr. Brown as the place to drill because it was at the foot of Asher. After that was decided based on faith, then the geologist was to find the most likely place within that license where oil would be found.
MJ#1 was decided upon geologically based on the geology team's scientific findings, and dictated by the geology. After geologically designating the MJ#1 site as the most promising, then Mr. Brown was brought on board to get the purchase rights to drill within the Megiddo-Jezreel license area. The part that sold Mr. Brown on the Megiddo-Jezreel license was that the site where MJ#1 was designated by the geology was also on the Head of Joseph, on the crown.
The MJ#1 is based on Geology and the geology mapped to the prophecy.

Video describing how decision was made.

The geology forced Mr. Brown and Zion to re-evaluate their previous licenses and move to the other side of Israel to prospect for oil. This is what took so long between the last well and MJ#1. This is also why MJ#1 is referred to as a Wildcat well. There was no prior geology to base their drilling decisions upon.
This is a totally different prospect compared to the previous four wells, which is why the previous 4 wells cannot be used as an indicator of this wells performance.
This is a totally different approach to deciding on where to drill. A totally new management team. This is why the previous 4 wells cannot be used as an indicator of this wells performance.         


                             ~~~~ RESEARCH  LINKS & POSTS ~~~~

**** Compiled Zion Information, The SEC, Share Pricing, Field Size!****


* How oil and gas are resources estimated with MJ#1 detail & drilling timeline 7/17/2017 through 3/12/2018
* Testing Zones update November 2018
* ZN Formation pressure encountered in 2018 & clarification of
* ZN Wellbore Pressure versus Formation Pressure
* ZN Heavy gas encountered Oct 12, 2017: what it means
Drilling and Testing Hot, High-Pressure Wells
HPHT wells
Drilling & Construction HPHT wells
Logistics & equipment
Wellhole analysis, what we know
Reservoir Fractures & Pressure
Small Acid Job & Completion Fluids
Formation Testing
MJ#1 zone trap area and size.
Discounted rig costs for ZN

Onshore Gas

MJ#1 Reservoir Announcement Size
MJ#1 Geology After Testing Triassic

Genie, MJ#1 and the Rift (see 14min)
Genie took ~2 years to spud exploratory well
Genie took 10 months to drill 1000meters
Map of four previous ZN wells
Levant Basin  report via USGS circa 2010
Fracking and how it relates to ZN
MJ#1 zone trap area and size
Well Test Step 1 - Open Hole
Well Test #2 - Pressure Transient Test
Well Test #3- Production Flow Test
Well Test Summary

2D vs 3D Seismic
Risk Factor #1 - Can the well be drilled?
Risk Factor #2 - Finances Available to Drill And Test The Well?
Risk Factor #3 - Regulatory Approval
Risk Factor #4 - SEC Compliance & Final Risk Factor Score Card
Risk Factor of Exploratory Well vs. Production Well
* Calculating PPS based on Israel's Energy Independence
* Oil Company that owns 3D Technology
* How do seismic surveys work
* How 3D Seismic Imaging changed the Drilling Industry
* 3D Underground structures in clearer focus
* 3D In the Med & Middle East
* Basic 3D
* 3D Evaluation, sweep example
* MJ#1: " a focused 3D seisimaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
~sq. kilometers to sq. miles
~If the area of the circle is 50 kilometer2
* MJ#1 Low Chloride Well monitoring:
~Salinity of fresh, brackish and sea water
~Mineral content of drinking water, 100 USA cities
~WHO Guidelines


                                   ~~~~ LAWSUITS  LINKS & POSTS ~~~~

 Lawsuits and SEC investigation impact
SEC investigation filing, timing
Shareholder Suits re ZN notice of Sec Investigation
Yolanda Holtzee is Whistleblower by her own admission.
Opinion by IRisky
Possible Reason for ZION SEC Investigation
A quick brief over where things stand
Possible Outcome for ZION SEC Investigation
JRyan's Lawsuit Compilation List up to Oct 9
Lead plaintiff
Malicious Prosecution against a named plaintiff.
PacerMonitor, Texas Northern District Court
Litigation accrued estimated loss  $500,000  a/o Nov 8, see 10-q , page 33

                                                             Assessment Report of November 6, 2015

                                                            ~~~~~Image & Research Sources~~~~~
Assessment Report issued November 6, 2015
8-K exhibit from Nov 6, 2015
The entire exhibit list

Upper Jurassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
             Gross Prospective Resources 
            Target Horizon                                               MBbl                                                                         
                            Low Estimate    Best Estimate  High Estimate
                                (P90)           (P50)               (P10)    
              OOIP           32,198          86,061           241,544        
 Recoverable              5,786          17,893             54,776       


Triassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015

                 Gross Prospective Resources
    Target Horizon                                                 MBbl                                                          
                          Low Estimate         Best Estimate   High Estimate
                                         (P90)                    (P50)                  (P10)        
           OOIP                   9,322                 26,901                85,250
               Recoverable                 1,749                   5,699                 19,694            

Example of an Fault Line Structural Trap


MJ#1 zone trap area and size.~~~ We are talking thousands of acres size and feet deep for the reservoir.

~~~ Note: See Seismic Locater (figure 11) before attempting to read AR-2118 & ZI-5128 seismic maps.








~~~~~~Seismic Grid Axis~~~~~~




Share Structure a/o November 8, 2018

Ownership Summary as reported in the most recent 13-F filings


detailed quote

 Authorized shares:  200,000,000 a/o Sep 30, 2018
                                                    Outstanding shares:    64,415,398 a/o Sep 30, 2018  (55,888,399 a/o Dec 31, 2017)   
*Restricted shares:   6,985,000                             
                    * Float:   57,430,000 a/o Sep 30, 2018
*: estimate

Chart Source~~~ https://www.marketscreener.com/ZION-OIL-GAS-INC-5543530/?type_recherche=rapide&mots=zn

Chart Source~~~  ttps://finviz.com/quote.ashx?t=ZN&ty=c&ta=1&p=d

Chart Source: https://www.stockscores.com/charts/charts/?ticker=zn




ZN MJ#1 well finds active petroleum system that is not commercially productive. 3-D seismic testing in progress.

Zion Oil and Gas, Inc., a Delaware corporation, which has an active petroleum exploration license onshore Israel, the Megiddo-Jezreel License (“MJL”), comprising approximately 99,000 acres, announces that it has completed the testing program of its primary zones located within the Jurassic and Cretaceous-age Formations of the Megiddo-Jezreel #1 (MJ #1) well. As a result of the testing, Zion has determined that the well is not commercially productive.
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.

•Zone 4;
1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water. 

8-k November 20, 2018



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ZN News: Annual Report (10-k) 03/08/2019 05:39:56 PM
ZN News: Current Report Filing (8-k) 03/06/2019 04:32:40 PM
ZN News: Israel's Petroleum Commissioner Approves Exploration License Extension Through December 2, 2020 03/05/2019 09:00:00 AM
ZN News: Annual Statement of Changes in Beneficial Ownership (5) 02/12/2019 05:52:35 PM
ZN News: Statement of Changes in Beneficial Ownership (4) 01/25/2019 03:24:12 PM
PlusOneCoin Top Posts
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#30203  Sticky Note ZN's predatory warrant program extended: https://ih.advfn.com/stock-market/NAS Porgie Tirebiter 12/05/18 02:53:42 PM
#28630  Sticky Note Yolanda Holtzee is Whistleblower by her own admission. tisdal 09/13/18 10:15:14 PM
#23129  Sticky Note ALL: Stock boards are to talk about IH Admin [Shelly] 07/31/18 11:28:15 AM
#22615  Sticky Note Risk-Reward Profile Since Spudding June 5,2017 KyOil 07/27/18 05:24:14 PM
#31254   Micro - big thumbs up. Cowboyeeee 03/19/19 10:10:15 PM
#31253   to allay any misunderstanding,the 3d wont be completed microcaps1 03/19/19 09:59:18 PM
#31252   just another reminder of the next operational event-following microcaps1 03/19/19 09:55:46 PM
#31251   from p F-9 to F10 of the 3-12-19 microcaps1 03/19/19 09:42:28 PM
#31250   InFocus - That’s the spirit :-) Every day Cowboyeeee 03/19/19 07:35:32 AM
#31249   How you guys feelin’ today? Any predictions on InFocus 03/19/19 06:56:15 AM
#31248   Agree!$ RaptureSpecialist 03/18/19 12:37:59 PM
#31247   when zn rose above a dollar shorts also bearspread 03/18/19 11:42:37 AM
#31246   I agree,though such partnerships are not easy to microcaps1 03/18/19 01:42:45 AM
#31245   No insult taken. InFocus 03/17/19 10:37:18 PM
#31244   Micro - great explanation partner. Cowboyeeee 03/17/19 10:13:25 PM
#31243   Yes, you have consistently been a supporter of microcaps1 03/17/19 09:11:50 PM
#31242   microcaps, if there’s any hesitation to answering that...the InFocus 03/17/19 07:18:05 PM
#31240   microcaps, I believe it’s obvious that I’ve consistently InFocus 03/17/19 03:52:31 PM
#31239   pps began rising upon Mar 5 news re microcaps1 03/17/19 02:57:02 AM
#31237   outstanding brother-as per the article the chairman /founder microcaps1 03/15/19 09:26:22 PM
#31235   Do you have a link to the email sidedraft 03/15/19 06:40:29 PM
#31231   I’m gonna honest about the email that was InFocus 03/15/19 02:21:35 PM
#31230   I posted the mysterious investor link-- what stands axle777 03/15/19 01:28:10 PM
#31229   Exactly "it trades by emotion. bearspread 03/15/19 12:23:29 PM
#31224   Just bein’ presidential! lol InFocus 03/15/19 08:58:39 AM
#31223   Thanks Micro. Interesting quote ... tisdal 03/15/19 08:13:05 AM
#31222   Thanks Spike. I agree 100%. Have a Cowboyeeee 03/15/19 07:37:50 AM
#31221   http://a-tev.com/ microcaps1 03/15/19 05:10:15 AM
#31220   as per the articles,its this co backing givot microcaps1 03/15/19 05:08:44 AM
#31219   Quote:4)or something else microcaps1 03/15/19 04:58:33 AM
#31218   even though the article tries to explain it microcaps1 03/15/19 02:14:40 AM
#31217   Please refrain from getting personal in your posts. spikewins 03/15/19 01:01:31 AM
#31213   At what link can I see the following? sidedraft 03/14/19 09:18:15 PM
#31212   It is interesting that they were ... tisdal 03/14/19 08:39:46 PM
#31210   Do these words, "from offshore blocks", mean anything sidedraft 03/14/19 07:27:07 PM
#31208   Interesting. dby03 03/14/19 06:55:56 PM
#31206   Now that's some interesting info. dby03 03/14/19 06:50:26 PM
#31205   Sometimes its better when John decides to keep Kid-Gloves 03/14/19 06:25:18 PM
#31203   Exactly "it trades by emotion. It has nothing Moses1492 03/14/19 04:13:46 PM
#31199   Grasshopper pay attention: bearspread 03/14/19 03:40:43 PM
#31198   I know you already know this bearspread 03/14/19 03:25:44 PM
#31197   The power of charts! ClayTrader 03/14/19 03:22:06 PM
#31195   ClayTrader nailed the last 2 days action 100%. Moses1492 03/14/19 03:03:44 PM
#31194   Grasshopper pay attention: with the current flurry of Moses1492 03/14/19 02:57:09 PM
#31193   I know you already know this but today's Moses1492 03/14/19 02:50:05 PM
#31192   Connect the dots silly. All northern Israel is bearspread 03/14/19 02:49:40 PM
#31191   In summary of today's forum chatter we have... bearspread 03/14/19 02:27:29 PM
#31190   Connect the dots silly. All northern Israel Moses1492 03/14/19 02:22:14 PM
#31189   Monday! And JB’s e-mail is being interpreted in a InFocus 03/14/19 01:55:16 PM
#31188   Last Monday!? When did the buying show up!? tisdal 03/14/19 01:45:25 PM
#31187   Bet Zion's phone is "OFF THE HOOK"!! tisdal 03/14/19 01:26:55 PM
#31186   So that's what this week has been about. tisdal 03/14/19 01:17:10 PM
#31185   (2) March 11 events: ZN$$$ and CERAWeek began InFocus 03/14/19 12:45:07 PM
#31184   Booyah! HOUSTON-boo hoo ZN bearspread 03/14/19 12:33:43 PM