DSPP Frequently Asked Questions (DSPP FAQs).

You may participate by completing our enrollment form online or printing and sending an enrollment form by mail to Zion Oil or our Plan Agent.

Current Shareholders. If you have already purchased Zion Oil stock directly from the company, you are considered a current shareholder. To enroll in the DSPP, a full enrollment form must be completed and sent to Zion Oil.  Once you have enrolled, your participation will continue automatically until either you elect to withdraw from the Plan or we terminate the Plan or your participation in the Plan.

New Shareholders. If you do not own Zion Oil stock, you may join the Plan by enrolling online by electronic check or filling out the enrollment form by hand here. The minimum investment is $250.

Beneficial Shareholders. You are a beneficial owner of Zion’s Common Stock if your shares are registered in the name of a bank, broker, trustee or other agent. If you want to enroll in the Plan, complete the enrollment form with your $250 investment.  You may also transfer your shares by instructing your bank, broker, trustee or agent to transfer shares into your name. Please include a completed enrollment form with the transfer.

Click HERE to invest online.
Click HERE to print an enrollment form and mail in with a check.
(Note: You may also fill out an enrollment form, email it to invest@zionoil.com, and send in a wire. Request wire instructions from invest@zionoil.com)

For each $250.000 Unit you receive:

• Common stock at the average of the high and low sale price on OTC: ZNOG for the day if purchased before 4:00pm EST. Purchases after 4:00pm EST will receive the following day’s high-low average.
• 50 Warrants with an exercise price of $0.25 each.
• If you sign up for or already enrolled in the Automatic Monthly Investments (AMI) while purchasing at least one $250 Unit, then you will receive 50 additional $0.25 WARRANTS.

You will be able to purchase these Units until 11:59pm (your current time) on Tuesday, April 30, 2024.

Warrants will first become exercisable on May 15, 2024, and continue to be exercisable until May 14, 2025 (twelve months), for $0.25.

Invest Online Now >>

Initial investment. If you are not an existing shareholder with a Plan Account through the Plan Agent, you can make an initial investment in Zion’s Common Stock and/or Units, starting with as little as $250. If you wish to invest $10,000 or more in common stock, you will need to obtain our written approval. Written approval is not required for Unit purchases of $10,000 or more. You can obtain a Request for Waiver form from Zion Oil by calling 888-891-9466 or from our Plan Agent at www.astfinancial.com.

Additional Investments. Once you are a registered shareholder, additional investments may be made for only $50 or more. Note: Participants are not required to make additional investments.

Faster Transactions than most DSPPs. You receive the purchase price of the high-low average the day we receive your funds. Transactions made online will usually be recorded as funds received same day or the following if received after 3pm CT. This can save on overnighting your check. Any payments by wire received before 3pm CT will generally be recorded as purchased on the same business day. Payments received by wire after 3pm CT will generally be recorded as purchased on the next business day.

Automatic Monthly Withdrawals. Automatic monthly ACH withdrawals by our Plan Agent may be set up for Common Stock purchases only, on any checking or savings account. The bank account on file will be debited on the 25th of each month. The stock purchase is recorded on the date of receipt of the funds into the Plan Agent’s or the Company’s bank account.

Online Transactions. You may enroll, invest and reinvest directly through the Zion Oil website. You may also make changes to your account online through our Plan Agent’s website, www.astfinancial.com. This is like writing a check and overnighting it for Zion Oil & Gas to receive without having to pay to mail.

Automatic Dividend Reinvestment.  If we offer dividends in the future, all dividends paid on common stock inside the DSPP will be reinvested fully. For shares of our common stock held outside the DSPP, you can elect to reinvest all or a portion of your dividends. Please be advised that Zion Oil has not yet paid dividends to her shareholders.

Shares of Common Stock purchased through the Plan will be sold to you at the average of the high and low sale prices of our Common Stock on OTC the day we receive the funds. (If funds are received past 3pm CT, they will be applied to the following day.) You can see the current price of our Common stock by searching for “ZNOG” on OTCmarkets.com. Please note that shares are issued only after payment is received.

Your Plan account will be credited with the number of shares (including fractional shares, computed to three decimals) equal to the amount invested for your Plan account divided by the applicable price per share.

You may purchase stock through our online enrollment and transaction, by wire and by mailing in a check.

Fees. Zion Oil absorbs the fees required for managing your stock account and making transactions. There are only a few exceptions. Lost stock certificates will require a fee to replace and the sale of stock includes a fee and commission of sale.

Supporting the Vision. All Plan purchases support the search for oil in Israel, because the shares of stock are purchased directly from Zion from our pool of authorized and unissued Common Stock. This means new capital for the company to use for oil exploration. Zion does not receive this new capital when traded on the market only. Zion has reserved up to 30,000,000 shares of its authorized and unissued shares of Common Stock to purchases under the Plan.

The American Stock Transfer and Trust Co., or AST for short, handles all shareholder services for our Plan, the DSPP. The Agent keeps records, sends statements to participants and performs other duties as required by the Plan.

Zion Shareholder Services Number – 1-844-699-6645

American Stock Transfer & Trust Company, LLC
Plan Administration Department
P.O. Box 922
Wall Street Station
New York, NY 10269-0560

You will receive confirmation by mail from AST after each account transaction.  If purchases are completed from the Zion Oil website, you will also receive payment confirmation by email to the email address you provide. You should retain all account statements for your records. As a shareholder,  you will also receive communication directly from Zion Oil to ensure you are informed of the latest company news. These communications are by email unless no email address has been provided. Updates by regular mail are sent quarterly from Zion Oil.

Yes. But because we are not financial advisors and because every IRA/401K is set up differently, we strongly suggest you speak to your plan custodian directly.

Zion Oil & Gas is not responsible for any penalties incurred from investing through Retirement Accounts.

All shares of Zion Oil’s Common Stock and Warrants that are purchased through the Direct Stock Plan will be held by the Plan Agent in book-entry form in your account. There is no cost to you for this service.

You may request that your certificates be mailed to you or transferred to a broker at any time. However, Warrant certificates may only be issued during the 5 year period when your warrants are available for use.

If you hold other Zion Common Stock certificates you may also deposit those certificates with the Plan Agent, at no cost to you. The shares represented by the deposited certificates will not be included in the book-entry form. Note: The certificates should not be endorsed and the assignment section should not be completed.

Only whole shares will be represented in certificate form. If fractional shares are requested, a check representing fractional shares and/or warrants will be sent to you.

If a payment is made by a check drawn on insufficient funds or incorrect draft information, or the Plan Agent otherwise does not receive the money, the requested purchase will be deemed void, and the Plan Agent will immediately remove from your account any shares already purchased upon the prior credit of such funds.

Please be aware that fees incurred by the Plan Agent from the insufficient draft for your stock purchase may be charged back to you, by the sale of stock from your DSPP account, for the total amount of the charge.

Yes. Subject to compliance with all applicable laws, you may transfer ownership of some or all of your Plan shares by sending the Plan Agent written, signed transfer instructions. Transfer paperwork may be found at www.amstock.com. You will be responsible for any applicable taxes in connection with the transfer. New and existing shareholders must sign an enrollment form in order to become a DSPP participant.

A new DSPP account will not be opened as a result of a transfer of fewer than ten (10) shares, unless you (i) authorize the reinvestment of dividends on the shares to be transferred and (ii) include an optional cash payment with your transfer instructions sufficient to purchase the remainder of the ten (10) shares required to enroll.

Registration. To make changes to the name(s) on the account, all existing holders must sign transfer paperwork. The paperwork must have a Medallion Signature Guarantee seal. If stock certificates have been issued, they must be returned to the Plan Agent before they can be reissued with a new registration. For a copy of the necessary paperwork and further instructions please visit www.amstock.com.

Dividend Reinvestment. You may change your dividend selection at any time by completing a new enrollment form and returning it to Zion Oil or our Plan Agent.

Automatic Monthly Withdrawals. Authorization to begin, end or amend a monthly withdrawal for the purchase of Common Stock must be received in writing, with the signatures of all existing holders. Changes can also be made by logging on to your account at www.amstock.com.

A Warrant is an option shareholders have to purchase common stock for a fixed price during a set timeframe.

Facts about Warrants:

Each warrant has the potential to become a share of common stock, meaning one warrant can be exercised (an investing term for ‘use’ or ‘redeem’) for one share of common stock, 1 to 1 ratio.
The fixed price and unique time frame varies depending upon the unit option.
Each warrant is recognized by a different symbol. (i.e. ZNWAA, ZNWAC, ZNWAD, ZNWAE, ZNWAF, etc.)
What are the advantages/disadvantages of purchasing Warrants? We suggest you speak with your financial advisor when determining whether or not purchasing a unit option is best for you.

The fixed price of the Warrant does Not change despite fluctuations in our common stock price.

Because Warrants have a set time frame, they do have an expiration date.

You may print a form and mail in your exercise with a check OR you may exercise your Warrants online and pay electronically.

Go here to learn more: www.zionoil.com/dspp/exercise-warrants/

Below are step-by-step instructions to log onto your Zion Oil account through our agent’s website. Our agent is AST Financial. This will help you VIEW your stock purchases. Additional stock purchases and warrant exercises should be completed through our website smart form HERE.

USA INVESTORS:

Step 1: Log on to AST Financial’s website at www.astfinancial.com

Step 2: Click The red tab at the top right that says Login

Step 3: Select the User Type: Individual

Step 4: Click the red Login button under Shareholder Central on the left-hand side of the page.

Step 5: If you have never logged on before, when it asks for your Unique ID, you will need to click the button below that says Register Here.

Step 6: Enter your AST Shareholder Account Number, your Social Security Number or Tax Identification Number and press tab. If the account number and SSN/TID are entered correctly, Zion Oil & Gas, Inc. will populate automatically as the company name.

Step 7: Click the button below that says: Register all accounts & holdings linked to this SSN. This should allow you to see all of your accounts, without having to register multiple times. If you have multiple accounts under different SSN/TIDs you may choose to register another way.

For further assistance, you may call Zion Oil or call AST Financial directly at 844-699-6645.

AST is open from 8am-8pm ET.
Zion Oil is open from 9am-5pm CST.

International Investors

Step 1: Log on to AST Financial’s website at www.astfinancial.com

Step 2: Click The red tab at the top right that says Login

Step 3: Select the User Type: Individual

Step 4: Click the red Login button under Shareholder Central on the left-hand side of the page.

Step 5: If you have never logged on before, when it asks for your Unique ID, you will need to click the button below that says Register Here.

Step 6: Under the Step 1 title, you should see a link for Non-U.S. Shareholders to Register. Click there.

Step 7: Fill in the short form including your AST Shareholder Account Number and the company number 19515, then click Get PIN Number. All fields must be completed to proceed.

Step 8: Once you receive your PIN by mail you can log in using it and your account number.

Until you receive your PIN you will not be able to access your account online. 5-7 business days after you have requested a PIN you can retrieve it by email after calling AST. Also, if you don’t receive your PIN by mail within 2-3 weeks, you can request one again online. The timeframe is not because there is a limit with AST but just to give the postal service enough time to mail the request.

For assistance during that time you can contact either AST or Zion Oil.

AST is open from 8am-8pm ET. 1-718-921-8205

Zion Oil is open from 9am-5pm CST. 1-214-221-4610

You may terminate your participation in the Plan by giving written notice to the Plan Agent or logging on to your online account. Upon termination, you must elect either to receive a certificate for the number of whole shares held in your Plan account or to have all of the shares in your Plan account sold for you.

Certificate. If you elect to receive a certificate, the certificate will be issued for whole shares only. A check for the value of any fractional share will be issued to you. The value of any fractional share will be based on the closing market price of the Common Stock on the first day that the stock is traded after the withdrawal request is received.

Sale. If you request that your shares be sold, the Plan Agent will make the sale in the market, if practicable, within ten (10) trading days after receipt of the request. You will receive the proceeds of sale, less any brokerage commission and transfer tax. Receipt by the Plan Agent of due notice of a participant’s death or incompetence shall be deemed a notice of withdrawal.

When the Plan Agent is authorized to sell shares, neither the Company nor any participant under the Plan has the authority or power to control the timing or pricing of sales, or the selection of the broker dealer making the sales. Therefore, you will not be able to precisely time your sales through the Plan, and will bear the market risk associated with fluctuation in the price of the Company’s Common Stock.

The Plan Agent will process notices of withdrawal and send proceeds to you as soon as practicable, without interest.

Signatures of all registered holders must be “Medallion Guaranteed” by a financial institution participating in the Medallion Guarantee program for all sale requests. The Medallion Guarantee program ensures that the individual signing is in fact the owner as indicated on the participant’s account.

As a DSPP shareholder, you will be sent a proxy statement in connection with each meeting of the Company’s shareholders, together with a proxy card representing the shares registered directly in your name and the whole shares held in your DSPP account. This proxy card, when signed and returned, will be voted as you indicate. If the proxy card is not returned or if it is returned unsigned, the shares will not be voted unless you or a duly appointed representative votes in person at the meeting. If no instructions are indicated on a properly signed and returned proxy card, all of the shares represented by the proxy card will be voted in accordance with the recommendations of the Company’s management.

There are two ways you may sell your stock:

1. Contact our transfer company, AST Financial, and request that they sell your stock.
There will be a $5 per transaction + $0.02/share fee to sell. This option gives you very little control over the selling price or timing since the request will be fulfilled the following day with all other requests from the previous day.

If you wish to have AST Sell your stock, call the Zion Shareholder Services Number – 1-844-699-6645.

2. Have your brokerage request that AST Financial transfer your shares to your brokerage and then have your brokerage company sell your shares.
There’s usually a $0-$10 fee (depending on the brokerage and your arrangement) but often no per-share fee. This allows you to have much more control of the sale moment and price.
For this option, you need to have your broker request to transfer your shares to your brokerage account.