Press Release: December 7 – Zion Oil & Gas Launches New Unit Program
Zion Oil & Gas Announces Launch of New Unit Program
DALLAS and CAESAREA, Israel, December 7, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that it is making available a new unit offering under its continuing Dividend Reinvestment and Common Stock Purchase Plan (“DSPP”) in its going forward plans as outlined in the November 29th, 2018 press release.
THE VISION
The vision of Zion Oil & Gas remains to help Israel become energy independent, and in doing so, use Zion’s projects as a platform to share the gospel of Jesus Christ worldwide.
That vision has not changed, and Zion now believes it is prudent and consistent with good industry practice to try and answer the questions that were presented with the drilling and testing of the Megiddo-Jezreel #1 (MJ#1) well with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well.
PLAN FORWARD
As previously noted in the November 29th press release, if undertaken, this will not be a short-term exploratory project with immediate results. A realistic timeframe in which Zion can reasonably expect to complete this project would be six to twelve months following a successful capital raise.
This includes time to plan the survey design and surface layout and to obtain the necessary seismic source equipment and wireless geophones (to record the signal) if possible, which will likely have to be imported.
Acquiring the necessary government permits will be time-consuming as will the process of negotiating potential surface damages to crops, irrigation piping, and other surface features. Data acquisition and interpretation are the final steps and involve integration with, and modification of, previous work by Zion technical staff.
The proceeds of the unit offering are planned to be used as shown below.
Zion recognizes the financial and time commitment that Zion’s shareholders have made in supporting Zion’s vision and its need for additional funding to undertake these efforts. As noted, there are a number of questions Zion believes need to be further explored. While there is no guarantee that these exploration efforts will lead to commercial success, Zion takes its responsibility to its shareholders very seriously.
“GOING FORWARD” UNIT PROGRAM
Details:
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- The cost of each Unit will be $250.00 for new and existing Direct Stock Purchase Plan investors.
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- Each Unit purchase will provide the investor with 250 shares of ZN common stock and 250 $0.01 Warrants.
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- Warrants are exercisable on the 31stday following the end of Unit Program and exercisable for one year (February 25, 2019, to February 25, 2020).
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- If investors sign up for Zion’s automatic monthly investments in addition to purchasing a Unit during this Unit program, then they will receive 50 $0.01 Warrants. Current subscribers are eligible for these additional warrants if they choose to participate in this unit purchase. (For more details on the automatic monthly investments, see Zion’s Prospectus Supplement on page 4.)
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- Investors may participate starting Monday, December 10, 2018.
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- This Unit Program will end on Wednesday, January 23, 2019, or when $10 million is reached, whichever transpires first.
- This Unit Program is available through Zion’s website. Investors may go to https://www.zionoil.com/dspp to purchase electronically online or to print and mail their investment.
Zion expresses appreciation for the continued support of their shareholders and considers it an honor to represent them.
Deuteronomy 31:8
Isaiah 12:5-6
Zion Oil & Gas, Inc. has filed a registration statement (including a prospectus) with the SEC for the unit program under the DSPP to which this communication relates. The prospectus in that registration statement and other documents the issuer has filed with the SEC may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company will arrange to send any inquirer the prospectus, if requested by calling toll free 888-891-9466. Direct links to the SEC location, or to the documents in PDF, may be found on the home page of Zion Oil & Gas. Inc., at www.zionoil.com.
We have just six months, before this prophecy is fulfill, three and one half years, I have been in a wilderness, bless by GOD MOST HIGH, I just learn that the prophecy I posted to ZION OIL AND GAS awhile back is confirmed by the Holy Spirit. So if anyone wants to be involved in this prophecy, You better get on board now. Remember 6 months give or take a week.
🕇💞 🕎 🇮🇱/🇺🇸💖
Hi Don
As I read your letter , it is obvious You walk by Faith and will continue to do so.
I , too , believe that Zion’s fortune will turn around in a most amazing way..
For God has ways, we know not of…
Thankyou for writing the wise words you have !! GOD BLESS YOU and GOD BLESS ZION !!!
Keep going, from Gillian, Scotland.
Where are the share certificate and warrant being stored after purchase of units? What are the fees and procedures involved to trade the shares and warrant?
All shares and warrants are held in book entry by AST Financial, our Transfer Agent. You may request whole shares to be sent to you in certificate form if you desire.
Further information can be found here:
https://www.zionoil.com/dspp/dspp-faq/
Good things come to those who wait, I have already purchased 14K additional shares, since then it has went down a nickle, but i depend on the future. I truly hope God has a purpose for Mr. John and Zion when he thought he was called 30 or so years ago for this purpose. I have been with you for almost 20 years and will continue. We are all getting old including my self, lets do it, I pray the SEC does not find any wrong doings from Zion and that you can continue on with your calling, and of course I hope God allows you to find oil, yes of course I am saying so for my wife’s benefit, not mine but hers, and also for yours, Zions, I hope your belief and prayers are answered. Don’t waiver. You have spent a large part of your life for this purpose and I pray it comes to pass as desired, and also for the people of Israel. I know the people of Israel does not need oil, the land and the people has God what else is needed, nothing, but I also pray that God allows Zion to find petroleum for the effort put forth.