Zion Oil & Gas Podcast – Episode 20: Conversation with Jeff Moskowitz – Zion Oil & Gas Senior VP and Managing Director of Israel Branch

November 14, 2023: Zion Oil & Gas Operations Update and Podcast

Dear Zion Shareholders and Supporters,

I recently had a profound discussion with Jeff Moskowitz, Senior VP & Managing Director of Zion Oil & Gas Israel Branch, about the challenges and spiritual upliftment amidst the conflict in Israel.

I highly recommend you listen to this impactful podcast episode.

Sincerely,

Andrew Summey
VP, Investor Relations & Marketing

DETAILS OF UNIT PROGRAM

Duration: Until December 31, 2023.

What You Get with Each $250 UNIT Purchase: $250 worth of ZNOG stock priced at the trading day’s high-low average and fifty 25-cent Warrants.

Bonus for Automatic Monthly Investments (AMI) Enrollees: If you’re enrolled in AMI (or choose to sign up) and purchase at least one UNIT, you will receive 50 additional 25-cent Warrants with a minimum investment of $50/month. (This bonus is a one-time offer during this Unit Program.)

Warrant Exercise Period: You can exercise these Warrants for 12 months, starting from January 15, 2024, until January 14, 2025.

What is a Warrant? Simply, a Warrant is like coupon that lets you buy our stock at a set price for a certain time no matter the price of the stock later. (For example: If our stock price rises to one dollar, you may purchase our stock for 25-cents for each Warrant you have.)

How to Participate: Online (https://www.zionoil.com/zion-oil-gas-inc-unit-program-q4-2023/) or through regular postal mail.

Note: Warrants are exclusively available through our UNIT programs and are not sold separately or through brokers.

For further details, please refer to Amendment No. 4 to our Prospectus (https://www.zionoil.com/dspp-pdfs/Zion_Oil_Gas-DSPP_Prospectus.pdf).