Unit Program Update: THREE Days Remaining

🇮🇱 Three Days Remaining

For those who have yet to do so, you have three days remaining to learn about Zion’s $250 Unit Program and participate!

(For those who have participated already, you may participate again.)

We’ve explained how we plan to move forward here, and now you may learn more about how to join us in our vision for Israel’s energy independence.

What is the Unit Program?
Each $250 Unit provides the investor with the purchase of stock for that day’s high-low average and fifty (50) $2.00 two-year Warrants.

May I get additional Warrants?
Yes. If you sign up for a monthly ACH option, you will get fifty (50) additional $2 two-year Warrants.
(If you are already signed up for ACH, and you purchase one or more Units, then you will receive the additional 50 Warrants. Note: each investor will receive the additional 50 warrants only once during this Unit Program.)

Until when?
Through Wednesday, June 26, 2019.

When can I exercise these Warrants?
Beginning August 26, 2019, and for two years afterward to August 26, 2021.

How may I purchase Units?

(Or purchase more Units?)

Purchase Units Online

Download Form and Mail In Purchase

Please feel free to contact Zion’s Investor Relations team at any time for further questions.

Call: 1-888-891-ZION (9466)

Email: invest@zionoil.com

Why are we shooting 3D Seismic?

As we reported in November, we found indicators of an active petroleum system and believe it is prudent and consistent with good industry practice to do a targeted 3D seismic shoot to answer important questions as outlined in our November 2018 update.

Who is the new Chief Operating Officer that will oversee this work?

Robert Dunn has been employed as Zion’s Chief Operating Officer and Senior VP to oversee the planned acquisition and processing of that data, in addition to other operational matters as they arise.

Mr. Dunn’s impressive resume includes over 27 years of senior management and field operations focusing on technologically driven seismic acquisition across the globe.

How are we funding operations?

Since 2013, we have had an ongoing Direct Stock Purchase Program (DSPP) that has funded all Zion operations including our previous drilling on the Megiddo-Jezreel license.

We have launched another Unit Program within our DSPP to provide a new opportunity for participants to purchase stock and obtain for a limited-time, $2 two-year warrants.

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 at www.zionoil.com.

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, our ability to continue as a going concern; our ability to comply with the continued listing requirements of the NASDAQ Global 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.