Home > Boards > US Listed > Oil/Gas/Natural Energy Production >

Zion Oil & Gas (ZN)

Add ZN Price Alert      Hide Sticky   Hide Intro
Moderator: tothe, Porgie Tirebiter, microcaps1, Mr. W, rtv72, InFocus
Search This Board: 
Last Post: 1/22/2020 5:00:57 PM - Followers: 195 - Board type: Free - Posts Today: 33


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) 


3D Grid Map upon completion October 2019

   Source: https://www.zionoil.com/updates/


                                                                                                                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

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


ZN Statistical Resources

 Authorized shares:  200,000,000 a/o Sep 30, 2018
                                                                        Outstanding shares:    100.00M 12/02/19 (64,415,398 a/o 09/30/18)  (55,888,399 a/o 12//31/17)   
*Restricted shares:   6,985,000                             
                                              Float:   95.63M 12/02/19  (57,430,000 a/o 09/30/18)
*: 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



Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
ZN News: Current Report Filing (8-k) 01/09/2020 03:01:08 PM
ZN News: Zion Oil & Gas 2020 Plan and Corporate Update 12/30/2019 01:11:00 PM
ZN News: Statement of Ownership (sc 13g) 12/19/2019 12:32:03 PM
ZN News: Statement of Changes in Beneficial Ownership (4) 12/17/2019 05:31:24 PM
ZN News: Statement of Changes in Beneficial Ownership (4) 12/17/2019 01:38:20 PM
#35708  Sticky Note Some Calculations on Horizontal Drilling from MJ1 Pad KyOil 01/01/20 10:29:25 PM
#33166  Sticky Note No one skeptical of ZN's business plan has Porgie Tirebiter 08/24/19 06:01:08 PM
#31526  Sticky Note Enough.... Ok some do not like Zion and by JRyan 04/05/19 06:55:57 PM
#23129  Sticky Note ALL: Stock boards are to talk about IH Admin [Shelly] 07/31/18 11:28:15 AM
#36418   You better let these guys know. They must bearspread 01/22/20 05:00:57 PM
#36417   Yeah! Lesson #1: buying ZN at 15 cents Moses1492 01/22/20 04:46:56 PM
#36416   The Insta-Tutes lost $10,000,000 in 2018 in Zion Bruce_Mcdonalds 01/22/20 04:40:41 PM
#36415   ZN down bigger return! With ZN at 30 Moses1492 01/22/20 04:32:45 PM
#36414   You really think Tutes invest in penny microcap NO OIL NO GAS 0 CASH 01/22/20 03:36:39 PM
#36412   I'm still expecting big changes to the FINAL Moses1492 01/22/20 01:35:29 PM
#36411   Did anyone actually expect any big changes thru Nodrama 01/22/20 01:10:50 PM
#36410   You better let these guys know. They must maxmax47 01/22/20 12:45:47 PM
#36409   Tothe I think I just answered my own Moses1492 01/22/20 12:11:17 PM
#36408   Zion Oil is an affinity scam! Per the SEC1: NO OIL NO GAS 0 CASH 01/22/20 10:57:15 AM
#36407   Here is the Morningstar list for top 20 tothe 01/22/20 10:25:01 AM
#36406   UP we go- listing extension and 3D results sanderburwil 01/22/20 10:19:13 AM
#36405   Thank you. My point was that basically, supposedly, maxmax47 01/22/20 10:03:01 AM
#36402   Bombs away! Down 7% and falling! NO OIL NO GAS 0 CASH 01/22/20 09:46:14 AM
#36401   The stock at .29¢ speaks volumes... What it NO OIL NO GAS 0 CASH 01/22/20 09:34:50 AM
#36400   I think the fact that any of them maxmax47 01/22/20 09:31:14 AM
#36399   I called and triple confirmed. John 'the NO OIL NO GAS 0 CASH 01/22/20 09:25:06 AM
#36397   I just called....they said this is bullshit. NO OIL NO GAS 0 CASH 01/22/20 09:17:49 AM
#36396   True ZN does show some big boy tutes Moses1492 01/22/20 09:11:17 AM
#36393   Here are the 50 largest share holders in maxmax47 01/22/20 09:00:38 AM
#36390   Day 7 today after prior 3 trading days Moses1492 01/22/20 08:52:14 AM
#36389   I called and double confirmed yesterday folks! Moses1492 01/22/20 08:48:48 AM
#36388   Curiously (intentional & misleading), Fidelity has posted a Moses1492 01/22/20 08:26:49 AM
#36387   You scam them. Why under SEC investigation. NO OIL NO GAS 0 CASH 01/22/20 07:28:29 AM
#36386   Mmmm how do you get on the big Scruff360 01/22/20 01:19:32 AM
#36385   Exactly right..Zion Oil might actually be able to NO OIL NO GAS 0 CASH 01/21/20 05:36:33 PM
#36384   That's backwards. ETFs invest in equities. Porgie Tirebiter 01/21/20 05:31:48 PM
#36382   Zion Oil should invest in LGBTQ Holdings. NO OIL NO GAS 0 CASH 01/21/20 05:00:45 PM
#36380   You would think if they need to hit rtv72 01/21/20 04:23:38 PM
#36378   Me thinks wroooonnnnngggggg!!!! NO OIL NO GAS 0 CASH 01/21/20 04:13:14 PM
#36377   Anyone seen John 'the fraud' Brown lately? NO OIL NO GAS 0 CASH 01/21/20 04:08:31 PM
#36376   ZN price spiked and now wide spread? Moses1492 01/21/20 03:53:12 PM
#36375   Why would you dollar cost average if you NO OIL NO GAS 0 CASH 01/21/20 03:43:19 PM
#36372   Does Zion Oil have any oil? Or NO OIL NO GAS 0 CASH 01/21/20 02:33:05 PM
#36371   "Natural gas drops below $2. Nymex natural gas Monroe1 01/21/20 01:53:55 PM
#36370   No brainer here friends & spread the word Moses1492 01/21/20 12:34:30 PM
#36369   Doesn't a stock have to be a dollar NO OIL NO GAS 0 CASH 01/21/20 10:33:35 AM
#36368   What happened to the gap up? Lol. NO OIL NO GAS 0 CASH 01/21/20 10:22:24 AM
#36367   I thought so too, but over supply negated it. Monroe1 01/21/20 09:59:21 AM
#36364   Yes indeed. He has his investment plan Moses1492 01/21/20 08:27:58 AM
#36363   That Form-5:~~~ Accumulation via Dollar Cost Averaging!!! tothe 01/21/20 08:19:29 AM
#36362   Very interesting analysis Tothe. Seems like the recent Moses1492 01/20/20 11:51:09 PM
#36361   ZN charts~~~ Watch premarket for gap up. If tothe 01/20/20 11:21:49 PM
#36360   Sorry, make that 3 maxmax47 01/20/20 07:51:10 PM
#36359   Well, two missiles just hit in the green maxmax47 01/20/20 07:27:29 PM
#36358   Billy - there ya go :-) Cowboyeeee 01/20/20 06:38:43 PM
#36350   I don't think any of that is going bearspread 01/20/20 03:01:31 PM
#36349   seriously lol yeah too funny I noticed that Moses1492 01/20/20 02:36:03 PM
#36348   Scammahorn...Perfect name for a scam company. Can't NO OIL NO GAS 0 CASH 01/20/20 02:32:08 PM
#36347   Sorry friends my big mistake its not 279K Moses1492 01/20/20 02:20:59 PM