Zion Oil & Gas, Inc. Announces Significant Progress and Launch of a New Unit Program
"We have seen God's hand guiding us as we make significant strides toward our mission of providing oil and gas for
The company owns its drilling rig, a substantial advantage that eliminates past challenges of securing one. They are also finalizing quotes for specialized coil tubing and plan to commence operations in the third quarter of this year.
"Our 7th license application is in process, and we are confident in its approval, considering we have never been denied a license," said Jeffrey Moskowitz, VP and Managing Director,
As pioneers in their field, Zion Oil & Gas conducted the first and only commercial 3D seismic testing in
In addition to their operational achievements, the company recently concluded a SEC investigation without any charges or recommendations for enforcement action, highlighting the company's commitment to the highest levels of integrity and transparency.
Zion is also excited to announce a new Unit Program running from May 15, 2023, to June 15, 2023. Each Unit costs
"We are thankful for the continued support, trust, and prayers of our shareholders and supporters. Your encouragement plays a vital role in our work, and we are confident that we are part of God's plan for
About Zion Oil & Gas
Zion Oil & Gas, a US public company traded on OTCQX Best Market, explores for oil and gas onshore in
"The Lord Himself goes before you and will be with you; He will never leave you nor forsake you. Do not be afraid; do not be discouraged."
Deuteronomy 31:8
"Sing to the Lord, for He has done glorious things; let this be known to all the world. Shout aloud and sing for joy, people of Zion, for great is the Holy One of
Isaiah 12:5-6
Contact:
Andrew Summey
VP, Marketing and Investor Relations
Zion Oil & Gas, Inc. (OTCQX: ZNOG)
12655 North Central Expressway, Suite 1000,
Telephone: 888-891-9466
Email: info@zionoil.com
www.zionoil.com
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including, but not limited to, statements regarding Zion's operations and the results therefrom, including testing and completion; Zion's ability to discover and produce oil in commercial quantities; Zion's ability to continue as a going concern; operational risks in ongoing exploration efforts; regulatory approvals needed for our license and the rig's operation; the effect, if any, of the coronavirus pandemic on the timing of the operation of the well, and liquidity for shareholders on OTCQX are forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties, and other unpredictable factors, many of which are described in Zion's periodic reports filed with the SEC and are beyond Zion's control. These risks could cause Zion's actual performance to differ materially from the results predicted by these forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Zion's Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Zion's filings with the SEC. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
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SOURCE Zion Oil & Gas, Inc.
