AST Transition
Progressive Changes for Zion Oil
As we focus efforts on drilling our next well, internally there is a significant change we would like to discuss with our friends and shareholders.
As some of you may already be aware, American Stock Trust and Transfer Company will be our new stock transfer agent come August 1st.
What does this mean for you?
Amazing customer service
For all your stock transactions, AST has an outstanding reputation for customer service and ease of use – whether it be online, over the phone or by mail.
Information security
Your account history, personal information and stock certificates (if held with us) will be transferred quickly and verified for accuracy as your new account is established with AST. Online security from Zion Oil website will be unaffected during the transfer. After the transfer, AST will keep your information and investment totally secure.
Greater accessibility
Access to your stock holdings and account information will be easier than ever. AST offers the ability to view your account using your mobile device and make changes to your account electronically. Support by phone will be available from 8am to 8pm ET, Monday through Friday.
Daily stock purchases
If your funds are received by noon ET, your stock will be issued on the same business day. Keep in mind: checks take 24-48 hours to clear. The stock price used will be from the average high and low of that day.
No fees
There are no fees for your initial investment, nor on any additional purchases. This hasn’t changed, but it is worth mentioning again. All of your funds go toward Common Stock or Units, whichever you prefer.
This is a great time to become a part of the Zion family if you haven’t already! Visit our Investor Center to get started. The initial minimum investment is $250. Additional investments are optional and can be as low as $50 per transaction.
Until August 1st, please contact us directly with any questions. When in doubt, you can assume that we are taking care of the details. Know that we are working on making every part of the transition smooth and effortless for you.
Thank you for your patience and trust.
when I look up Zion Oil I seen a flash in my mind . This is what I saw a crack deep in the Earth coming from the east oil was flowing in it deeper then your drilling take it for what it worth.
Thanks for sharing!
What happened to the rig purchased by Zion Oil & Gas? Why not use it for the next well?
Kermit,
We have not purchased a rig yet.
How does the Israeli- Palestinian conflict affect drilling, safety, etc
Kathy, we are obviously concerned for our employees’ safety, and all Israelis during this time. However, we continue to move forward with our exploration efforts. We should have more news on that in the coming days.
when do you plan to start drilling.
As soon as we have picked an exact location, and have access to a rig! We don’t have a date set at this time.
What becomes of our stock in Registrar and Transfer? Do they transfer to the new acct? Do we now start over?
Eddie,
Your stock will be transferred to a new account with the American Stock Transfer and Trust Company (AST). Don’t worry, you are not losing your stock!
Dear Zion Oil, Will my account be transferred from Registrar and Transfer Co. to American Stock and Trust automatically? If so, I would like to receive a statement as soon as possible so I can verify the information.
Thank You, and God Bless Zion Oil and Israel
Shelby,
It will be transferred automatically, and you will receive a statement from AST in a week or so.