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Israeli Petroleum Commission has recommended that Zion be granted the Joseph (petroleum exploration)

Caesarea, Israel - September 25, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that the company was notified by the Israeli Petroleum Commissioner's office that, on September 25, 2007, the Israeli Petroleum Commission recommended to the Commissioner that the company's application for a petroleum exploration license, the Joseph License be granted as submitted. The Commissioner's office told representatives of Zion that, subject to the Commissioner's final decision, the license would be granted after the Sukkot holidays in Israel, probably during the second week of October.

Caesarea, Israel - September 20, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that it has engaged Ernest R. Ayers, President and CEO of Radix Inc., Ft. Davis, Texas, as its consulting geophysicist for the design and field supervision of its upcoming geophysical survey to be conducted in its Asher-Menashe License area between Caesarea and Haifa, Israel.

Caesarea, Israel - September 17, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that the company signed an agreement with the Geophysical Institute of Israel to conduct one of the largest and most comprehensive geophysical surveys on-shore in Israel of the past two decades. The survey, including seismics, gravimetrics and magnetics, is to be conducted in Zion's Asher-Menashe License area.

Dallas, Texas - July 3, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that Martin Van Brauman has been appointed as Chief Financial Officer and Senior Vice President of Zion Oil & Gas, Inc. Mr. Van Brauman holds a B.E. degree from Vanderbilt University, a Doctor of Jurisprudence degree from St. Mary's University and an M.B.A. (Beta Gamma Sigma) and LL.M. (Tax Law), from Southern Methodist University and has over 21 years of experience in corporate tax and accounting analysis. Mr. Van Brauman, Board Certified in Tax Law by the Texas Board of Legal Specialization, is currently a member in the law firm of Gibson, Wiley, Cho & Van Brauman, PLLC. He spent 12 years as a Senior Attorney (International Specialist and Petroleum Industry Specialist) with the Office of Chief Counsel, IRS, providing legal support for complex issues concerning major U.S. oil companies and the preparation of requests for Technical Advice Memoranda for the Petroleum Industry Group, following which he spent three years as a tax consultant with the global accounting firms of Deloitte & Touche and Grant Thornton.

Caesarea, Israel - June 26, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today announced today that, on June 26, 2007, Zion filed an application with the Israeli Petroleum Commissioner for a petroleum exploration license, tentatively denominated the Joseph License, on approximately 85,000 acres south of Zion's 78,800 acre Asher-Menashe License. The original term of the license applied for is three years, extendable to seven years in accordance with the terms of the Israeli Petroleum Law, if required. The acreage subject to application comprises approximately 85% of the land of Zion's previously held Ma'anit-Joseph License and includes both the Ma'anit structure on which Zion's Ma'anit #1 well was drilled and Zion plans to drill the Ma'anit-Rehoboth #2 well, and the Joseph prospect. Approximately 15% of the previously held Ma'anit-Joseph License was not applied for as Zion's geological team determined that the top of the Triassic was below 6,000 meters and therefore less economically viable for prospecting purposes.

Caesarea, Israel - June 21, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today its strategic decision to release and reapply for the Ma'anit-Joseph License. The decision was taken following results of testing in the Ma'anit # 1 well workover, evaluation of the mechanical condition of the well and the desire to optimize drilling operations on the planned Ma'anit-Rehoboth # 2. Specifically, the Company resolved to (1) discontinue further operations on the Ma'anit # 1 well; (2) relinquish the 98,100 acre Ma'anit Joseph License, a step which under Israeli law is required following the discontinuation of operations on the Ma'anit # 1 well; and (3) immediately after, apply for a new three-year license to cover approximately 85,000 acres including both the Ma'anit structure and the Joseph prospect. The application will include a proposed time table for drilling of the Ma'anit-Rehoboth # 2 well. Representatives of the company have already had preliminary discussions with the Israeli Petroleum Commissioner regarding the above and reasonably expect that the application will be acted upon by the Petroleum Commission no later than October 2007.

Caesarea, Israel - June 18, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that its geological and engineering team have completed its analysis of the test results of the first of four zones in the upper Triassic which had been identified as potentially productive and selected for testing during the remedial workover and completion operations on the Company's Ma'anit #1 well. The results of the tests indicated that the tested zone is non-productive. Based on this result, it was determined to re-evaluate the well's future, considering the well's mechanical condition and the presence of positive indications of hydrocarbons deeper in the Triassic and closer to the determined hydrocarbon source rock. The Company's technical team is currently evaluating the findings, in order to optimize operations on the next well, the Ma'anit-Rehoboth #2, so that the difficulties encountered in the Ma'anit #1 wildcat well will be avoided and the next well's full potential exploited. The team is preparing recommendations for the company's consideration. When the Company reaches a decision on these matters, an announcement will be made.

Caesarea, Israel - June 13, 2007 - Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that its Annual Meeting of Stockholders, to be held on Tuesday, June 19, 2007 at 2:00 p.m. (Dallas local time) at The Hotel Palomar, Dallas, 5300 East Mockingbird Lane, Dallas, Texas, will be webcast live at http://www.odysseyisp.net/zionoil. A replay of the webcast can be accessed at this site approximately one hour after the conclusion of the live event and will be available for 30 days after the meeting at the company's website, www.zionoil.com.

Caesarea, Israel - June 7, 2007 - Zion Oil & Gas, Inc. (Amex: ZN) of Dallas, Texas and Caesarea, Israel, announced today that Philip Mandelker, general counsel of Zion since April 2000 and a director since 2001, has been appointed as Executive Vice President. Mr. Mandelker holds a Doctor of Jurisprudence degree from Columbia University School of Law and is admitted to practice in both the United States and Israel. He has also published and lectured on subjects related to investment in oil and gas exploration activities in both the United States and Israel.

Caesarea, Israel - May 31, 2007 - Richard Rinberg, Chief Executive Officer of Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that, on May 30, 2007, the company was notified by the Israeli Petroleum Commissioner's office that its application for a petroleum exploration license, tentatively denominated the Asher-Menashe License, had been granted. The Commissioner's office told representatives of Zion that the formal license documentation, including the map showing the license's boundaries and the special conditions setting out the work program to be required, are in preparation and should be issued within the coming month.

Caesarea, Israel - May 30, 2007 - Richard Rinberg, Chief Executive Officer of Zion Oil & Gas, Inc. (Amex: ZN), of Dallas, Texas and Caesarea, Israel, announced today that the company issued 48,947 shares of common stock in the eighth and final round of its initial public offering. Zion's offering was underwritten on a best efforts basis by Network 1 Financial Securities, Inc. of Red Bank, New Jersey. The shares were issued at $7 per share, and the amount raised in the eighth round was $342,629. In its IPO, that ended on May 25, 2007, Zion issued a total of 1,806,335 shares in consideration of a total of $12,644,345.

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Zion Oil & Gas, Inc. : 6510 Abrams Road, Suite 300 : Dallas, Texas 75231 : ph: 214.221.4610 : fx:214.221.6510
Zion Oil & Gas, Inc. : 15 Bareket St. : North Industrial Park : Caesarea, 38900, Israel : ph: +972-(0)4-6231425 : fx: +972-(0)4-6231427