Dallas, Texas and Caesarea, Israel – February 5, 2010 – Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that the Company is mobilizing its drilling rig, currently situated at the Elijah #3 well, to resume production testing operations on the Ma’anit-Rehoboth #2 well as soon as possible within approximately two weeks.
Dallas, Texas and Caesarea, Israel – February 1, 2010 – Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that William L. Ottaviani has joined the Company as President and Chief Operating Officer.
Dallas, Texas and Caesarea, Israel – December 1, 2009: Zion Oil & Gas, Inc. (NASDAQ GM – ZN) announced today the preliminary results of its rights offering to stockholders, offering 3.6 million shares of Zion’s common stock at a subscription price of $5.00 per share. The rights offering terminated yesterday, November 30, 2009, as originally scheduled. Preliminary results indicate that subscriptions were received for over $37 million, significantly greater than the maximum available of $18 million.
Dallas, Texas and Caesarea, Israel – November 16, 2009: Zion Oil & Gas, Inc. (NASDAQ GM: ZN) commented today on its recently released results for the quarter ended September 30, 2009. The company reported a net loss of $817,000 or $(0.05) per share for the third quarter of 2009 compared to a net loss of $853,000 or $(0.08) per share for the same quarter a year earlier. The company has no revenues as it is an exploration stage company.
Dallas, Texas and Caesarea, Israel – Nov 3, 2009 – Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that, effective November 1, 2009, Ilan Sheena, a certified public accountant in Israel, joined the Company as Vice President of Finance of the Company’s Caesarea branch.
Dallas, Texas and Caesarea, Israel – Oct 21, 2009 – Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that drilling operations have begun on its Elijah #3 well.
Dallas, Texas and Caesarea, Israel – August 31, 2009: Zion Oil & Gas, Inc. (NYSE Amex: ZN) announced today that the Company’s Founder and Chairman of the Board, John Brown, CEO Richard Rinberg, President and COO, Glen Perry and CFO Sandra Green, will ring the opening bell at the NASDAQ on Wednesday, September 2, 2009, in New York City.
Dallas, Texas and Caesarea, Israel – August 17, 2009: Zion Oil & Gas, Inc. (NYSE Amex: ZN) announced today that its board of directors has approved the decision to switch the listing of its common stock and common stock purchase warrants from the NYSE Amex to the NASDAQ Global Market (NGM). The Company also announced that it has received approval from NASDAQ to list its common stock and warrants on the NASDAQ Global Market.
Dallas, Texas and Caesarea, Israel – August 14, 2009: Zion Oil & Gas, Inc. (NYSE Amex: ZN) reported today its results for the quarter ended June 30, 2009. The company reported a net loss of $1,332,000 or $(0.12) per share for the second quarter of 2009 compared to a net loss of $1,169,000 or $(0.11) per share for the same quarter a year earlier. The company has no revenues as it is still an exploration stage company.
Dallas, Texas and Caesarea, Israel – June 25, 2009: Zion Oil & Gas, Inc. (NYSE Amex: ZN) announced today that on June 24, 2009 it completed its previously announced rights offering. The outcome of the rights offering, as of the close of business on June 24, 2009, indicates that (including over-subscription) the rights offering has been over-subscribed.