Operations Update: Horizontal Drilling Section Completed at MJ-02
September 3, 2026
Testing and completion phase set to begin following the Israeli holidays.
Dear Zion Shareholders and Supporters,
We’re pleased to share an important operational milestone at MJ-02: our team has successfully completed drilling and casing the horizontal section of the well, with our lateral target reached as planned.
This marks meaningful progress, and we are grateful for the skill, persistence, and careful work of our team in Israel and all those supporting them.
Following the Jewish High Holidays, we will commence the stimulation, testing, and completion phase of the well. The necessary stimulation equipment is loaded on a boat for shipping during this transition time, and a small crew will remain onsite at MJ-02 to monitor the well. This sequencing allows us to get everything in place and ready to launch the next key phase of operations while respecting Israel’s holidays and avoiding unnecessary standby costs.
As always, we will share further news as it becomes available.
Thank you for your continued prayers, encouragement, and support as we recognize this significant step forward together. We give all credit to God, knowing He is using each of you on a daily basis to advance His mission.
Sincerely,
Rob Dunn
Chief Executive Officer
Zion Oil & Gas, Inc.
REMINDER: One Week Left in the 2026 Unit Program
As previously announced, Zion’s 2026 Unit Program is set to end next Thursday, September 10.
Each $250 Unit includes:
- $250 worth of Zion common stock at the high-low average market price on the Unit Purchase Date; and
- 75 ZNWBD warrants
Each warrant gives the holder the option to purchase one additional share of Zion common stock at 75¢. The exercise period is October 12, 2026 through April 12, 2027.
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