Zion Oil & Gas, Inc.

Zion Oil & Gas Update: July 18, 2024 Link: https://lnkd.in/gkfsxmae As of the writing of this update, field operations remain on schedule, and our rig is now positioned over the MJ-01 wellbore. Repairs and maintenance, as well as the inspection of the rig, have all been completed successfully. All necessary wireline equipment for the project has been mobilized with additional essential items from India, China, Romania and Greece currently in transit for the final stages of operation. Lord willing, this week will mark a significant milestone, as we actually re-enter the MJ-01 wellbore. This initial phase of the recompletion project involves drilling out the plugs and nearly 625 meters (approximately 2,050 feet) of cement in the well. This process should take us to the end of the month, at which point we will run a series of wireline tests and casing integrity tests to ensure that the wellbore has withstood the past six years of high temperatures. If all goes as expected, we will then proceed with the perforation, stimulation, and well testing portion of the project. Based on our planning and careful preparation, we hope and anticipate the project will move toward completion at a reasonably efficient pace at that stage. Please note, of course, that the ongoing conflict in the north of Israel may cause unexpected changes to our schedule, so we will need to remain flexible. Your prayers and support are invaluable as we press forward in these unprecedented times. We are excited for the future and will share more updates with you in the coming weeks. Thank you all for being such an integral part of our journey for Israel's oil.

Press Release: Zion Oil & Gas, Inc. Announces Start of Recompletion Operations for our MJ-01 Well in Israel https://lnkd.in/gAcfKGaF

🇮🇱 Zion Oil & Gas Update: May 21, 2024 We anticipate that by early June, our team will have the crew on location, prepared to move the rig just several meters on the MJ-01 drill pad location to the MJ-01 welbore, complete the necessary regulatory and safety operations, and then proceed with the MJ-01 recompletion operations. We have collaborated closely with Israel’s Ministry of Interior and have successfully submitted visa applications for our rig crew, which includes individuals from various parts of Eastern Europe. Despite the persistent logistical obstacles and challenges of getting crew members and equipment into the country due to the ongoing conflict, we have secured a service provider committed to our mission, and our other contracted vendors remain dedicated to Zion’s vision for Israel. As we advance with current plans, we are exercising appropriate caution while staying undeterred by the region's turmoil. We deeply appreciate your unwavering support and prayers, which are invaluable as we navigate these difficult times and work towards fulfilling Zion’s mission for Israel. Thank you for walking with us in faith as God provides the way forward. https://lnkd.in/eQDyeCUb

Episode 21 - Conversation after Press Release with Robert Dunn (CEO), Jeff Moskowitz (Senior VP & Managing Director of Israel Branch), & Monty Kness (VP Operations). Hosted by Zion VP of Marketing and Investor Relations, Andrew Summey, this engaging podcast offers valuable insights into the company's mission and commitment to responsible, efficient exploration activities. Zion Oil & Gas, a public company traded on OTC (ZNOG), explores for oil and gas onshore in Israel on their 75,000-acre Megiddo Valleys license area. Website: ⁠⁠⁠www.zionoil.com⁠⁠ https://lnkd.in/grKb3vpw

PRESS RELEASE: Zion Oil & Gas Gains Full Acceptance of Work Plan by Supervisory Committee in Israel "On February 21, 2024, members of the Supervisory Committee visited our rig site. During this visit, they interacted with staff from Zion Oil & Gas, and our consultants and potential service providers. Some of these interactions occurred at Kibbutz Sde Eliyahu, while others were conducted through video conferencing with participants from US, Europe, and the Middle East, among other locations. I'm pleased to report that following these discussions, the Committee has officially accepted our work plan for the MJ-01 project. This acceptance allows us to sign agreements and secure mobilization dates with our service providers to commence and complete the project," announced Zion Oil & Gas CEO, Robert Dunn. PROCESS OF ACCEPTANCE On September 14, 2023, Zion announced that the Israeli Ministry of Energy had issued a new onshore exploration license – the Megiddo Valleys 434 license. On October 7, 2023, during the Celebration of Simchat Torah, Hamas launched a vicious attack on Israel, which led to a declaration of war that is still in effect. On December 6, 2023, the Israeli Ministry of Energy formally approved a detailed, industry-specific operational framework for the planned reentry, production tests, and recompletion of the MJ-01 well. The submission of this work plan is a requirement under Israeli law. With the work plan approved, Zion was able to proceed with convening the required Supervisory Committee meeting. This Committee, consisting of a fifteen-member panel, is tasked with reviewing and endorsing the work plan. It also ensures that our planned operations have sufficiently mitigated potential impacts on the land, local roads, surrounding land uses, available water resources, and addressed other environmental and safety concerns. Under Israeli law, the Supervisory Committee is composed of representatives from the Ministries of Energy, Water, and Environment, and representatives from the local Spring Valley County Council as well as from the surrounding kibbutzim of Sde Eliyahu (where the rig site is located) and Tirat Zvi (adjacent to Zion’s rig site). Due to the ongoing war between Israel and Hamas, scheduling a meeting with such a large Committee became more complex, as it required finding a date and time suitable for all members. Zion will deploy cutting-edge technologies and innovative stimulation techniques in the MJ-01 well, aiming to unlock hydrocarbon flows in both previously and newly identified zones of interest. Read all: https://lnkd.in/gqNXm6Rc

Following the award of our new license and the subsequent approval of our workplan, we've encountered some procedural delays, particularly as they coincided with the outbreak of war in Israel. Navigating these challenging circumstances has been mostly smooth, thankfully, and our commitment to moving forward with the recompletion of MJ-01 remains steadfast. We are still on track to commence operations in the first quarter of 2024. This is a testament to our team's resilience and dedication. We are working closely with the Israel Land Authority and local kibbutzim, ensuring long-term leases and compliance with all necessary bureaucratic processes. We're also coordinating with various committees and the Environmental Ministry to ensure all prerequisites are met. Most of these had to be revisited with the new license being granted and our workplan approval. Considering these developments, we have decided to extend our current Unit Program until February 29, 2024. This extension offers... https://lnkd.in/gxDK4fnS

🇮🇱 Press Release: Zion Oil & Gas, Inc. Receives Regulatory Approval for Strategic Recompletion Project in Israel Zion Oil & Gas targets early 2024 to move forward with MJ-01 recompletion operations. "Israel is open for business and we are grateful for the Israeli government's green light on our workplan, allowing us to move ahead with the MJ-01 recompletion project,” said Rob Dunn, CEO of Zion Oil & Gas. “This is an exciting time for Zion as we implement cutting-edge technologies and stimulation methods to potentially unlock previous and newly identified zones of interest.” https://lnkd.in/geUBX2Ds

Press Release: Zion Oil & Gas, Inc. Receives Regulatory Approval for Strategic Recompletion Project in Israel Zion Oil & Gas targets early 2024 to move forward with MJ-01 recompletion operations. "Israel is open for business and we are grateful for the Israeli government's green light on our workplan, allowing us to move ahead with the MJ-01 recompletion project,” said Rob Dunn, CEO of Zion Oil & Gas. “This is an exciting time for Zion as we implement cutting-edge technologies and stimulation methods to potentially unlock previous and newly identified zones of interest.” https://lnkd.in/geUBX2Ds

Israel is currently in a state of war with Hamas who recently attacked its land and people. From Zion’s inception, our vision has been to help the State of Israel become self-sufficient through the exploration and ultimate production of domestic oil and gas resources. This present conflict has only underscored the critical necessity of fulfilling our vision for the State of Israel. Read more: https://lnkd.in/dt5Jyig9

🇮🇱 Update from Zion: Staff and Re-completion Site https://lnkd.in/g46HwFf5