Zion Oil & Gas Inc (ZNOG)

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zn can earn over 100M in revenue before taxes come into play due to carryover losses

compacts exist between israel and usa re taxing of usa corps' earning money in israel to avoid double taxation

p f34 of 10k:


"At December 31, 2018, the Company has available federal net operating loss carry forwards of approximately $190,363,000 to reduce future U.S. taxable income.


Income earned from activities in Israel is subject to regular Israeli tax rates. For Israeli tax purposes, exploration costs on unproved properties are expensed. Tax losses can be carried forward indefinitely. At December 31, 2018, the Company has available net operating loss carry forwards of approximately $132,510,000 to reduce future Israeli taxable income."