Zion Oil & Gas Inc (ZNOG)

[KyOil]

hey tisdal, thanks for pulling the question list together.

Here are some to add and I will think of others later:

1. What is the strategy to deliver oil/gas to the market? If oil, which refinery and how will it be delivered? If gas, what existing pipeline can MJ02 be tied into and how long will it take to make the connection?

2. What is the strategy to develop the field: a) Zion as the sole operator, or b) sell a significant portion of the rights to a major producer who will provide expertise?

3. The most recent 10Q stated that funds were either in hand or anticipated via the DSPP to support operations through Jan 2023. Does the future DSPP anticipated funds come from primarily one or two participants, as did the reported 1Q2022 funding being 85% from one participant? What is the nature of the one or two participants relationship with Zion? Is there risk the funds will not materialize? What is the strategic goal of the one or two participants?

4. Why did Zion apply for both a license extension and a new license for the same 99,000 acreage? It seems one would suffice.

5. What caused delay in the drilling of MJ02 from approximately late Aug 2021 until approximately mid Nov 2021?

6. Are there factors out of Zion's control that has/will dictate what was/is communicated by Zion to the public, either in the recent past or the near future?

7. When will Zion apply for a production lease?