Zion Oil & Gas Inc (ZNOG)

[Retired soon]

Response from my Zion Oil and Gas email,




The only information I have is that the 8-K has been filed divulging all the information on the SEC inquiry. You can find it here: https://www.sec.gov/Archives/edgar/data/1131312/000121390018009064/f8k071118_zionoilgasinc.htm.
It reads as below:
“On Thursday, June 21, 2018, Zion Oil & Gas, Inc. (“Zion” or “Company”) received a subpoena to produce documents from the Fort Worth office of the Securities and Exchange Commission ("SEC"), informing Zion of the existence of a non-public, fact-finding inquiry into the Company. Zion, an SEC-reporting company with audited financial statements in the US and Israel for over a decade, will fully cooperate with this investigation. Until receipt of the subpoena on June 21, 2018, Zion had no previous communication with the SEC on this issue and was unaware of this investigation. The SEC stated that "the investigation and the subpoena do not mean that we have concluded that [Zion] or anyone else has violated the law."
While we acknowledge that our response to the subpoena will necessarily entail significant costs and management's attention, it should have no effect on Zion's ongoing testing procedures on its Megiddo-Jezreel #1 well. The Company does not intend to comment further on this matter unless in the Company’s judgment, it merits further comment or public disclosure.”
I hope for you to find peace in the fact that we are a faith based company that values and expects the highest level of integrity and ethics. We do, and always, have been transparent with our shareholders. We will continue to update our shareholders when there is material information to update.
Blessings to you and yours.