Agreement Signed to Begin 3-D Seismic Acquisition in Israel

Agreement Signed to Begin 3-D Seismic Acquisition in Israel


– Mobilization of seismic equipment to Israel started

– Will be largest high-density land 3-D seismic in Israel


We have signed an agreement for geophysical acquisition services with our contractor, Acoustic Geophysical Services KFT (“AGS”), an international seismic company based in Budapest, Hungary.

We estimate that the ships carrying the trucks and equipment will arrive by the end of August. Barring any unforeseen circumstances, we also expect the equipment to be on location within the first few weeks of September.

We are pleased with our progress on this important 3-D survey, which we believe will be the largest high-density land 3-D acquired to date in Israel.




In addition to the signed AGS agreement and expected equipment arrival, we are pleased to report the following progress:

  • The Ministry of Transport formally approved our importation of seismic source vehicles effective August 2, 2019.
  • The landowner permitting process continues unabated and is expected to be completed by the first week of September.


We are grateful to our dedicated shareholders and the nation of Israel for the opportunity to become true pioneers with this 3-D program, and we acknowledge the hard work of Zion’s team in Israel for their tremendous effort and professionally navigating the logistical challenges.

Zion Oil & Gas, a public company traded on the Nasdaq Stock Market (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.

“The Lord Himself goes before you and will be with you; He will never leave you nor forsake you. Do not be afraid; do not be discouraged.”
Deuteronomy 31:8

“Sing to the Lord, for he has done glorious things; let this be known to all the world. Shout aloud and sing for joy, people of Zion, for great is the Holy One of Israel among you.”
Isaiah 12:5-6

FORWARD-FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, anticipated attributes of geological strata that may be drilled or tested in the future, Zion’s ability to successfully raise the funds needed to undertake these exploration efforts; Zion’s ability to continue as a going concern; Zion’s ability to comply with the continued listing requirements of the Nasdaq Capital Market; Zion’s ability to import into Israel or otherwise obtain the necessary 3-D imaging and related equipment and appropriate staff at commercially reasonable rates, Zion’s success in obtaining the necessary licenses and permits needed to undertake the seismic shoot, the timing of the 3-D seismic survey and the interpretation of the results, operational risks in ongoing exploration efforts, timing and potential results thereof and plans contingent thereon are forward-looking statements as defined in the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion’s periodic reports filed with the SEC and are beyond Zion’s control. These risks could cause Zion’s actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.