We join with friends of the State of Israel worldwide in recently celebrating Israel’s 64 years of existence as a nation. It is indeed a miracle that Jews from across the world have returned to their native homeland since 1948 when Israel was declared an independent nation.

This celebration reminds us of Zion’s Vision:

From our inception, our calling has been to assist Israel in the restoration of the Land by finding and producing oil and gas – helping to make Israel politically and economically independent. We see the State of Israel not only as a refuge for Jews, but as the fulfillment of prophecy:

“And I will plant them upon their land, and they shall no more be pulled up out of their land which I have given them, saith the Lord thy God.” (Amos 9:15)

Israel Celebrates 64 Years of Independence

Zion Oil & Gas will again be sponsoring Christians United for Israel’s (CUFI) “Night to Honor Israel” in Washington, D.C. during their 7th Annual Washington-Israel Summit, July 16-18, 2012. We expect that John Brown (Zion’s Founder and Chairman) will be interviewed by Pastor John Hagee during the Summit and that the interview will be broadcast on the Daystar Television Network during the “Night to Honor Israel”. In addition, CUFI will broadcast a video about Zion at the banquet’s pre-event, and the banquet’s proceedings will be telecast by live-feed over the Daystar Television Network.

We would also like to introduce you to Mr. Justin W. Furnace, Zion’s newest member of the Board of Directors. Justin is the president of the Texas Independent Producers & Royalty Owners Association (TIPRO), a trade association representing the interests of more than 2,300 independent oil and natural gas producers and royalty owners throughout Texas. Mr. Furnace is responsible for overseeing TIPRO’s governmental affairs in Texas and Washington D.C. and representing the interests of the association membership before various regulatory bodies.

Zion Board Member: Justin W. Furnace, President of TIPRO

From 2007 to 2010, Justin served as my chief of staff and legal counsel while I was a statewide elected member of the Texas Railroad Commission – the chief regulatory authority over oil and gas matters in Texas. In that position, Justin served as my top policy advisor, in charge of evaluating, assessing and implementing all legal, technical and legislative strategies. Prior to his service at the Commission, from 2004 to 2007, Justin practiced law at the Beaumont office of Mehaffy Webber where he specialized in transactions and litigation relating to oil and gas, real estate and corporate matters.

Mr. Furnace received his Doctorate of Jurisprudence from Texas Tech University School of Law. He is also a graduate of Hardin-Simmons University, where he currently serves on the Board of Development.

John Brown, Zion’s Chairman of the Board and Founder, said: “We are delighted to have Justin Furnace join our Board of Directors. His petroleum industry experience in advocacy, legal, and regulation, together with his industry relationships, will serve as a great asset to Zion, as we continue our pursuit to recover hydrocarbons in Israel.”

We continue to seek new data in our Jordan Valley, Asher-Menashe, and Joseph License areas, before we are willing to recommend drilling another exploratory well which will inevitably cost millions of dollars. We continue to re-process old 2-D seismic data, acquire new 2-D seismic data, vertical seismic profile data, and gravity and magnetic surveys – all in an effort to maximize the chances of finding oil or natural gas in commercial quantities within our license areas.

In our Jordan Valley License area, we continue to await results from the Geophysical Institute of Israel (GII) and their efforts to acquire and process new geophysical data (gravity survey and a dynamite-sourced 2-D seismic line). We will then have the seismic data processed, interpreted and integrated into our geologic model. The gravity survey and the 2-D seismic line are two key pieces of data that should help us to further refine our plans with respect to the Jordan Valley License area.

In our Asher-Menashe License area, we will soon re-enter our existing Elijah #3 well in order to obtain additional wireline log information and a VSP (vertical seismic profile) survey. The planned wellsite activity has been delayed until June 2012, as the Israeli drilling company, Lapidoth, has informed us that their rig, crew and equipment are only expected to be available in June 2012. The primary purpose of this effort is to obtain additional geologic and geophysical data to better understand the oil and gas potential, if any, of a shallower zone through which we drilled while drilling the Elijah #3 well in 2009/2010. On April 30, 2012, Israel’s Petroleum Commissioner notified us that, as we requested, our Asher-Menashe License was granted an extension for a further year, to June 9, 2013.

In our Joseph License area, we continue to evaluate our existing older seismic dataset and re-process some of that data, in an effort to enhance the data quality. We have contracted with GII for an additional 16 kilometer seismic line that should be acquired and processed later this summer. Once this seismic work is completed and the results are integrated, our Exploration staff should have a much better understanding of the geology of the southern Joseph License area as we explore for potential drilling prospects there and possibly in our abutting and already applied-for Asher Joseph Permit Application area that borders the Mediterranean Sea (which as of the date of this communication has not been granted).

Once we perform these surveys and our analysis and interpretation of the results, we will be better prepared to determine where we will drill our next exploratory well; whether in the Jordan Valley License area, the Asher-Menashe License area, the Joseph License area, or elsewhere.

With regard to the permitting process in Israel, at present, there are procedural changes (and possibly additional required documentation) under discussion by the Israeli authorities. We estimate that a minimum of six months will be required to obtain the required government-related permits to actually drill the well, but we should add that, due to the current uncertainty surrounding the discussions, this is a very rough estimate and the estimated time frames are subject to significant change.

Subject to the comments above, the earliest timeframe in which we could expect to start drilling our next exploratory well is in the first quarter of 2013; but as noted above, these are estimated time frames based on the information currently available to us and are accordingly subject to change. I ask that you, our supporters, be patient, as we diligently pursue the best drilling option with strong geologic and geophysical support for the overall benefit of our shareholders.

In front of the Heletz #1 Well – a producer since 1955
Left to Right: Lapidoth CEO, Jacob Luxenburg, Zion CEO, Richard Rinberg and
Lapidoth’s Heletz Manager

On Monday, April 30, 2012, Zion’s CEO, Richard Rinberg, met with Jacob Luxenburg, CEO of Lapidoth Israel Oil Prospectors Corp. Ltd, and visited Heletz, the site of Israel’s first successful onshore oil well. The Heletz Oil Field discovery, in southern Israel, dates back to 1955 and since then, more than 17 million barrels of oil have been produced from the Heletz Oil Field. Lapidoth is also the foremost Israeli onshore drilling contractor, having drilled over 400 onshore wells of various depths in Israel and worldwide. The deepest well they have drilled to date, was to a depth of 6,700 meters (approximately 22,000 feet), near the Dead Sea.

NEWS

As previously announced, Zion’s Annual Shareholder Meeting will be held in Caesarea, Israel on Tuesday, June 12, 2012, at the Dan Caesarea Hotel. We would be honored to have you join us for this important annual gathering.

“Pray for the peace of Jerusalem: May they prosper who love you.”
Psalm 122:6

“In your good pleasure, make Zion prosper…”
Psalm 51:18

Thank you for your support of Zion!

Victor G. Carrillo
President & COO
Zion Oil & Gas, Inc.

www.zionoil.com

FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, anticipated attributes of geological strata being drilled, the presence or recoverability of hydrocarbons, plans to perform seismic surveys, the timing of these surveys, the impact of these surveys on identifying drilling prospects, the anticipated timeframe for drilling the next exploratory well, the sufficiency of cash reserves, timing and potential results thereof and plans contingent thereon 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. 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.

Contact Information:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
More information about Zion is available at www.zionoil.com
or by contacting Mike Williams (dallas@zionoil.com)

Zion Oil & Gas, Inc.
6510 Abrams Rd., Suite 300
Dallas, TX 75231
Tel: 1-214-221-4610 or 1-888-891-9466

Justin Furnace is the president of the Texas Independent Producers & Royalty Owners Association (TIPRO), a trade association representing the interests of more than 2,300 independent oil and natural gas producers and royalty owners throughout Texas. Mr. Furnace is responsible for overseeing TIPRO’s governmental affairs in Texas and Washington D.C. and representing the interests of the association membership before various regulatory bodies.

From 2007 to 2010, Mr. Furnace served as chief of staff and legal counsel to the Chairman of the Texas Railroad Commission. (During that period, the Chairman of the Texas Railroad Commission was Mr. Victor G. Carrillo, Zion’s current President and Chief Operating Officer and a Board member). In that position, Mr. Furnace served as the Chairman’s top policy advisor, in charge of evaluating, assessing and implementing all legal, technical and legislative strategies. From 2004 to 2007, Mr. Furnace practiced law at the Beaumont office of Mehaffy Webber where he specialized in transactions and litigation relating to oil and gas, real estate and corporate matters.

Mr. Furnace received his Doctorate of Jurisprudence from Texas Tech University School of Law. He is also a graduate of Hardin-Simmons University, where he currently serves on the Board of Development.

Mr. John Brown, Chairman of the Board and Founder, said: “We are delighted to have Justin Furnace join our Board of Directors. His petroleum industry experience in advocacy, legal, and regulation, together with his industry relationships, will serve as a great asset to Zion, as we continue our pursuit to recover hydrocarbons in Israel.”

Zion’s common stock trades on the NASDAQ Global Market under the symbol “ZN”.

Zion Oil & Gas, a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Haifa and Tel Aviv. It currently holds three petroleum exploration licenses: the Joseph License (on approximately 83,272 acres) and the Asher-Menashe License (on approximately 78,824 acres) between Netanya, in the south, and Haifa, in the north, and the Jordan Valley License (on approximately 55,845 acres), just south of the Sea of Galilee. The total license area amounts to approximately 218,000 acres.

Zion’s homepage may be found at: www.zionoil.com

Contact:
Zion Oil & Gas, Inc.
Telephone: 214-221-4610
Email: dallas@zionoil.com

The Summit will take place in Washington, D.C. during July 16-18, 2012. The banquet will take place on Tuesday evening, July 17. Pastor John Hagee (CUFI Founder and National Chairman), Michael Oren (Israel’s Ambassador to the U.S.) and Richard Rinberg (Zion’s Chief Executive Officer) are scheduled to speak at the banquet. It is expected that John Brown (Zion’s Founder and Chairman) will be interviewed by Pastor John Hagee during the Summit and that the interview will be broadcast on the Daystar Television Network during the “Night to Honor Israel”. In addition, CUFI will broadcast a video about Zion at the banquet’s pre-event, and the banquet’s proceedings will be telecast by live-feed over the Daystar Television Network.

John Brown, Zion’s Founder and Chairman, commented today, “Zion is proud to be a part of the CUFI Washington-Israel Summit and to support CUFI’s educational and public policy work in support of Israel”.

Zion’s common stock trades on the NASDAQ Global Market under the symbol “ZN”.
Zion Oil & Gas, a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Haifa and Tel Aviv. It currently holds three petroleum exploration licenses: the Joseph License (on approximately 83,272 acres) and the Asher-Menashe License (on approximately 78,824 acres) between Netanya, in the south, and Haifa, in the north, and the Jordan Valley License (on approximately 55,845 acres), just south of the Sea of Galilee. The total license area amounts to approximately 218,000 acres.

Zion’s homepage may be found at: www.zionoil.com

Contact:
Zion Oil & Gas, Inc.
Phone: (1) 214-221-4610
Email: dallas@zionoil.com

ROTH’s invitation-only annual conference is one of the largest conferences of its kind in the United States.

In his presentation Rinberg told attendees:

“I am optimistic about the possibility of recovering hydrocarbons within our license areas, onshore Israel, especially due to the U.S. Geological Survey (USGS) report, published in April 2010, containing their assessment that there may be 1.7 billion barrels of recoverable oil and 122 trillion cubic feet of recoverable gas in the Levant Basin, as all of Zion’s exploration rights fall within the area of the Levant Basin.”

Mr Rinberg’s ROTH presentation slides regarding Zion Oil & Gas are available to view by clicking here.

Zion’s President & Chief Operating Officer, Victor G. Carrillo

We are trying something different for this newsletter, as I want to share some new information with you, from my perspective as Zion’s President.

I joined Zion in January 2011, after an almost eight year tenure as a statewide elected commissioner overseeing the Texas energy sector, which included oil and gas drilling regulations. I am a Texas licensed geoscientist (geologist) and attorney. The Texas oil and gas sector produces more oil and natural gas than any other state in the United States.

I believe strongly in Zion’s calling and mission to aid the nation of Israel by finding and producing oil and gas and thus help to make Israel politically and economically independent. I believe that the Bible supports the existence of significant quantities of oil and natural gas in Israel as God’s blessing. I believed this BEFORE the world-class discoveries of natural gas were announced offshore Israel in 2009.

However, mine is not a blind faith. I also believe in applying our God-given scientific knowledge to help Zion locate the most favorable places in Israel in which to seek these “blessings of the deep” in Genesis 49:25. That is why Zion continues to seek innovative ways to apply a fresh new look at all of our data, whether it is geologic well logs, geophysical data (gravity, magnetic, seismic surveys, etc.), geochemistry or our understanding of the geologic setting in which oil and gas are most likely to be found.

We continue to seek new data to analyze before we are willing to recommend drilling another well which will inevitably cost millions of dollars. Even as I write, we are in the process of re-processing old 2-D seismic data, acquiring new 2-D seismic data, vertical seismic profile data, and gravity and magnetic surveys – all in an effort to maximize the chances of finding oil or natural gas in commercial quantities.

Some of you may be impatient because we are not actively drilling today or within the next few months. However, I owe it to our shareholders to recommend drilling another well (at a cost of millions of dollars) only when we are satisfied that we have a solid geologic prospect – it would simply not be good stewardship of our existing funds to do otherwise. We are actively working to get to the point where we can have high confidence in our geologic prospect locations.

Onshore, it has proven to be quite difficult to acquire high-quality seismic data. Seismic data is a key tool to allow geoscientists to better visualize the rock formations under the earth. It is somewhat like getting a sonogram of the earth, although not as precise. Our existing onshore seismic data is generally not as good as the much higher quality offshore seismic data.

Until quite recently, there have been no significant discoveries of oil or natural gas onshore, so oil and gas drilling equipment (rigs, tools, crews) are difficult to find and competition among companies is almost non-existent. In addition, as there have been only about 500 total onshore petroleum exploration wells ever drilled in Israel, deep well control is quite limited.

Map of Zion’s Existing Northern Israel Exploration Areas

I offer you the following thoughts on our future plans:

In our Jordan Valley License area, the Geophysical Institute of Israel (GII) has acquired a new gravity survey and we await the results so that we may integrate the results into our geologic model. On our behalf, we anticipate that GII will acquire a 10 kilometer 2-D seismic line (using a dynamite source) by the end of April 2012. We will then have the seismic data processed, interpreted and integrate the line into our geologic model. These two key pieces of data (the gravity survey and the 2-D seismic line) should help us to further refine our plans to drill in the Jordan Valley License area.

In our Asher-Menashe License area, we continue to plan toward re-entering our existing Elijah #3 well, to obtain additional wireline log information and a VSP (vertical seismic profile) survey, in mid May 2012, when a rig, crew and equipment are expected to be available. This project is not expected to take longer than a few weeks. The purpose of this effort is to obtain additional geologic and geophysical data to better understand the oil and gas potential of a shallower zone through which we drilled while drilling the Elijah #3 well in 2009/2010.

Until we acquire and evaluate this data, we cannot speculate on the future potential of this part of our Asher-Menashe License.

Once we complete these studies, we will be in a position to make a determination as to whether we will drill our next exploratory well in the Jordan Valley License area or the Asher-Menashe License area. Even after a definite drill site is selected, we expect that a minimum of six months will be required to obtain the required government-related permits to actually drill the well. As such, assuming all goes well, the earliest timeframe in which we expect to drill a well would be the fourth quarter of 2012.

We continue to negotiate with the Israeli rig operator Lapidoth regarding their pledge to work with us on any drilling rig and crew that we may require and any other ancillary equipment that we may need from them for this and future projects.

In our Joseph License area, we continue to evaluate our existing older seismic dataset and we will soon re-process some of that data in an effort to enhance the data quality. We have entered into a contract with GII for an additional 16 kilometer seismic line that should be acquired and processed in the second quarter of 2012. Once this seismic work is completed and the results are integrated, our Exploration staff should have a much better understanding of the geology of the southern Joseph License area as we explore for potential drilling prospects there and possibly in our abutting and already applied-for Asher Joseph Permit Application area that borders the Mediterranean Sea.

With regard to our future drilling plans, I simply ask that you, our supporters, be patient with us as we diligently pursue the best drilling option with strong geologic and geophysical support for the overall benefit of our shareholders.

L to R: Richard Rinberg, Daystar TV Founders Marcus Lamb and Joni Lamb, John Brown

This past month, Zion’s Founder and Chairman of the Board, John Brown, and Zion’s CEO, Richard Rinberg, participated in a live interview on “Celebration” at the Daystar Television studios in Dallas, Texas. Click here for Daystar Interview.

John Brown, Victor G. Carrillo and Richard J. Rinberg being interviewed on American Family Radio by Dan Celia at the 2012 NRB Convention

John Brown and I recently traveled to Tupelo, Mississippi to meet with Tim Wildmon and Dan Celia of the American Family Association. Zion continues to explore avenues to support the mission of the American Family Association.

Also, during March 2012, Richard Rinberg presented Zion’s onshore exploration plans at the 24th Annual ROTH Investor Conference at Dana Point, California. ROTH’s invitation-only annual conference brings together executives from over 400 companies and is one of the largest conferences of its kind in the United States. One quote from that presentation is certainly worth noting:

“I am optimistic about the possibility of recovering hydrocarbons within our license areas, onshore Israel, especially due to the U.S. Geological Survey (USGS) report, published in April 2010, containing their assessment that there may be 1.7 billion barrels of recoverable oil and 122 trillion cubic feet of recoverable gas in the Levant Basin, as all of Zion’s exploration rights fall within the area of the Levant Basin.”

You can review both Zion’s ROTH Presentation slides and the U.S. Geological Survey report by Clicking Here.

On a final and important note, I would like to announce that Zion’s Annual Shareholder Meeting will be held in Caesarea, Israel on Tuesday, June 12, 2012, at the Dan Caesarea Hotel. We would be honored to have you join us for this important annual gathering.

“Pray for the peace of Jerusalem: May they prosper who love you.”
Psalm 122:6

“In your good pleasure, make Zion prosper…”
Psalm 51:18

Thank you for your support of Zion and may you all have a blessed Passover/Easter!

Victor G. Carrillo
President & COO
Zion Oil & Gas, Inc.

www.zionoil.com

FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, anticipated attributes of geological strata being drilled, the presence or recoverability of hydrocarbons, plans to perform seismic surveys, the timing of these surveys, the impact of these surveys on identifying drilling prospects, the anticipated timeframe for drilling the next exploratory well, the sufficiency of cash reserves, timing and potential results thereof and plans contingent thereon 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. 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.

Contact Information:
More information about Zion is available at www.zionoil.com
or by contacting Mike Williams (dallas@zionoil.com)

Zion Oil & Gas, Inc.
6510 Abrams Rd., Suite 300
Dallas, TX 75231
Tel: 1-214-221-4610 or 1-888-891-9466

To: Zion’s Family & Friends,

“I wait for the Lord, my soul waits, and in his word do I put my hope.”

                                                                           (Psalm 130:5)

Know this, that the trying of our faith develops perseverance and patience, and faith is being sure of what we hope for and certain of what we do not see. And by faith Jacob, when he was dying blessed each of Joseph’s sons and worshipped God as he leaned on the top of his staff. (Genesis 48: 8-22) So faith means trusting God, in doing what He has promised He would do in the Bible, regardless of the circumstances or consequences and without faith it is impossible to please him and faith is not just believing that God can, it is knowing that God will.

And by faith Abraham, when he was called to go to a place that he would later receive as his inheritance, obeyed God and went even though he didn’t know where he was going. And by faith Abraham, when God tested him, offered Isaac as a sacrifice and when Abraham believed God and it was counted unto him for righteousness (Genesis 15:6). And like Abraham, who staggered not at the promises of God through unbelief; but he was strong in faith, giving glory to God.

I too am fully persuaded that what God has promised Israel, He is able to perform it. So, we are moving ahead as quickly as possible by faith in 2012, expecting that God will bless us with the Oil of Israel! So, keep up your courage, for I have faith in God that it will happen just as He told me.

“All these are the twelve tribes of Israel, and this is what their father said to them

         when he blessed them, giving each the blessing appropriate to him.”                   

                                                                           (Genesis 49:28)

                                                                           John Brown

                                                                           (Acts 27:25)

Wednesday, February 29, 2012

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Dear Shareholder and/or Friend of Zion…

I reported last month that there has been a ‘shake-up’ in Israel’s government departments dealing with natural resources. In mid-2011, Dr. Gardosh was appointed Israel’s Petroleum Commissioner on an interim basis, but there is a six-month restriction on any interim appointments. As of January 1, 2012, Mr. Alexander Varshavsky is the new (interim) Commissioner of Petroleum Affairs and the Ministry of Infrastructure has been renamed the Ministry of Energy and Water Resources.  

Meeting with Israel’s Petroleum Commissioner

On Sunday, February 26, 2012, as you can see in the above photograph, I attended a meeting in Jerusalem at the Petroleum Commissioner’s office. Also present were:

(a) Dr. Yehezkel Druckman – Zion Board Member and Commissioner of Petroleum Affairs in Israel (1995-2004) – (far right in the photo)

(b) Mr.Yossi Virzburger – the head of the Ministry of Energy and Water Resources – formerly The Ministry of Infrastructure – (sitting opposite the computer screen)

(b) Mr. Alexander Varshavsky – the Commissioner of Petroleum Affairs – Acting / Temporary – (far left in the photo).

(c) Dr. Avi Honigstein (Deputy Petroleum Commissioner) – (closest to the camera in the photo)

(d) Mr. Ilan Nissim – the head of the Safety & Environment Division – (behind the camera, taking the photo).

The meeting was cordial and we discussed Zion’s various plans for the coming year, including the following:

In our Jordan Valley License area, the permitting for the 2-D seismic survey (using a dynamite source) is almost completed and we expect that the survey will be performed by the Geophysical Institute of Israel (GII) starting in mid-March 2012. (This date is an estimate and is subject to change, based on GII’s schedule of commitments.)This seismic acquisition should help us to further refine our plans to drill in the Jordan Valley License area.

With regard to our planned VSP (Vertical Seismic Profile) survey in our Asher-Menashe License area, which we plan to acquire through a third party contractor with assistance by GII, we have been in various discussions in order to secure appropriate equipment in line with our planned schedule.

The Israeli rig operator Lapidoth has gone on public record stating that they will give Zion priority regarding any drilling rig and crew that we may require and any other ancillary equipment that we may need from them. We are in close contact with Lapidoth and expect that they will provide us with a drilling rig and crew, as we require.

With regard to our Joseph License area, our scientific work continues. Today, we entered into a 16 kilometer seismic acquisition contract with GII. Zion’s Exploration staff is also recommending that we acquire already existing seismic data and reprocess the data to more fully evaluate the geology of the southern Joseph License area, as we explore for potential drilling prospects in this area and possibly in our abutting and already applied-for Asher Joseph Permit Application area that borders the Mediterranean Sea.

Zion’s current petroleum exploration licenses are:

*     the Joseph License (on approximately 83,000 acres)

*     the Asher-Menashe License (on approximately 79,000 acres)

*     the Jordan Valley License (on approximately 56,000 acres)

Zion’s total license area amounts to approximately 218,000 acres.

In 2011, we submitted applications to the Israeli Petroleum Commissioner for three further exploration areas:

*     the Dead Sea License Application

*     the Asher-Joseph Permit Application

*     the Zebulun Permit Application

The 2012 National Religious Broadcasters Convention

This past month, John Brown, Victor G. Carrillo and I (and a full Zion team) attended the NRB (National Religious Broadcasters) Convention in Nashville, Tennessee.

John Brown, Victor G. Carrillo and Richard J. Rinberg being interviewed on American Family Radio by Dan Celia at the 2012 NRB Convention

John Brown and Richard J. Rinberg being interviewed on Chuck Crismier’s Radio Show at the 2012 NRB Convention  

John, Victor and I gave a number of interviews. These were warmly received and resulted in much interest in Zion’s work. After the interview on American Family Radio, interviewer Dan Celia commented: “I have gotten an enormous amount of positive responses to the interview”.

Zion’s President and Chief Operating Officer, Victor G. Carrillo, left the NRB Convention to attend the NAPE Expo in Houston, Texas – the world’s largest prospect expo with over 1,600 booths and 16,000 attendees. Victor reported that this year was the first year that there was a special program for the International Pavilion that offered an informative opening Global Briefing Session with a separate international exhibition of over 75 exhibitors and detailed presentations of opportunities that span over 35 countries, including Israel, Cyprus, and Lebanon.

During the opening Global Briefing Session, a representative of Noble Energy, a Houston-based Independent oil and gas company, reported that to date, Noble has encountered world class discoveries of natural gas in its Mediterranean exploration areas, offshore Israel and Cyprus.

At NAPE Expo, Victor established a number of contacts that may be very helpful in Zion’s future exploration efforts in Israel.

“In your good pleasure, make Zion prosper…”

Psalm 51:18

Thank you for your support of Zion

Shalom from Israel

Richard Rinberg

CEO of Zion Oil & Gas, Inc.

www.zionoil.com

FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, anticipated attributes of geological strata being drilled, the presence or recoverability of hydrocarbons, plans to perform seismic surveys, the timing of these surveys, the impact of these surveys on identifying drilling prospects, the grant of applied-for exploration license and permits, the sufficiency of cash reserves, timing and potential results thereof and plans contingent thereon 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. 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.

 
Contact Information:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
More information about Zion is available at www.zionoil.com
or by contacting Mike Williams (dallas@zionoil.com)

Zion Oil & Gas, Inc.
6510 Abrams Rd., Suite 300
Dallas, TX 75231
Tel: 1-214-221-4610 or 1-888-891-9466 ]]> http://www.zionoil.com/updates/exploration-update-29-february-2012/feed 0