Zion Oil & Gas Inc (ZNOG)

[microcaps1]

P21 10q RECEIVED 11-10-21 period ending sept 30
On March 13, 2014 Zion filed a registration statement on Form S-3 that is part of a replacement registration statement that was filed with the SEC using a “shelf” registration process. The registration statement was declared effective by the SEC on March 31, 2014. On February 23, 2017, the Company filed a Form S-3 with the SEC (Registration No. 333-216191) as a replacement for the Form S-3 (Registration No. 333-193336), for which the three-year period ended March 31, 2017, along with the base Prospectus and Supplemental Prospectus. The Form S-3, as amended, and the new base Prospectus became effective on March 10, 2017, along with the Prospectus Supplement that was filed and became effective on March 10, 2017. The Prospectus Supplement under Registration No. 333-216191 describes the terms of the DSPP and replaces the prior Prospectus Supplement, as amended, under the prior Registration No. 333-193336.

As inferred here registration statements are best kept current to within 3 years
ZNOG is being careful to cover all the bases legally to avoid future lawsuits
due to the legal excitements since the Feb 2018 PR re oil in the drilling mud -which caused pps to skyrocket to ca 5.50 in a couple days -followed by SEC investigation and stockholder suits, ZNOG is logically being careful about what they say to avoid a repeat
there arf3e no sits extant now and nothng has been heard from the SEC-been almost 3.5 years since the investigation was made public-so I doubt anything significant will occur re the investigation-especially since several judges dismissed lawsuits as having no reasonable probability of culpability on ZNOG which may very well be over- its not SEC policy to announce end of investigations even if a judge dismisses all charges-prosecutors tend to believe everybody is guilty and dont like to admit mistakes

p25 said 10Q
On December 9, 2019 Zion filed an Amendment No. 1 to the Registration Statement on Form S-1 (File No. 333-235299) solely for the purpose of re-filing a revised Exhibit 5.1 to the Registration Statement. This Amendment No. 1 does not modify any provision of the prospectus that forms a part of the Registration Statement and accordingly, such prospectus has not been included herein.


For the three and nine months ended September 30, 2021, approximately $4,369,000, and $18,157,000 were raised under the DSPP program, respectively.

For the three and nine months ended September 30, 2020, approximately $13,015,000, and $25,517,000 were raised under the DSPP program, respectively.

The company raised approximately $4,378,000 from the period October 1, 2021 through November 10, 2021, under the DSPP program."


The company is currently operating net debt free having ca 9M current assets to ca 4.6M current liabilities as of Sept 30

again onp.35 of 10Q "Note 9 - Subsequent Events (i)Approximately $4,378,000 was collected through the Company’s DSPP program during the period October 1, through November 10, 2021.

as somebody noted well pad is ca 3mi N of "west bank" and ca 3 mi W of Jordan River
I remember reading somewhere that ZNOG said the exploration may continue to the western portions of the license area- which makes sense if the areas of interest are a continuation of the palymrya(spelling?) zone in Syria to N and the Meded(sp?) wells to the S -maybe this on p6 of Dec 1 reg/prospectus https://www.otcmarkets.com/filing/html?id=15395097&guid=nrxwkWPupYxEdth

isnt the 18141 ft depth commensurate w the original expectations?
https://www.otcmarkets.com/stock/ZNOG/news/Zion-Oil--Gas-Completes-Drilling-Phase-of-the-Megiddo-Jezreel-2-MJ-02-Well-in-Israel?id=332442