🇮🇱 Zion Oil & Gas Update: October 8, 2025

October 8, 2025

Dear Zion Shareholders and Supporters,

Since our July update, we have advanced planning for the next phase of operations in Israel. Our technical objective remains unchanged: sidetrack the well and drill a lateral section into the identified target interval to enable multi-stage stimulation across multiple zones.

The principal operational refinement is to begin this campaign from MJ-02, located on the same pad as MJ-01, just 7.5 meters away on surface and approximately 300 meters offset at depth. Both wellbores access the same target zone. Starting from MJ-02 allows us to begin in larger casing, use larger-diameter tools, and execute a two-stage drilling plan—providing greater flexibility to manage downhole contingencies and improving our chance of operational success.

Logistics remain challenging in Israel’s onshore market, where most services and equipment must be imported with added time and cost. Despite providers being heavily contracted, we have secured key services such as drilling, mud, and cementing. Recent visa reforms and progress with ministry approvals are also positive steps forward.

We are preparing to mobilize the rig crew in January, complete upgrades and site work in February, and begin drilling in March. Leveraging the existing wellbore gives us a strong head start, and while this type of lateral drilling is new to onshore Israel, our team is well-positioned to execute it successfully.

We appreciate your continued patience, prayers, and support for Israel and for our work. For a fuller discussion in plain terms, please listen to a 20-minute conversation with our COO, Monty Kness, and VP of Investor Relations & Marketing, Andrew Summey – [LISTEN HERE].

Thank you for standing with us. We remain focused, diligent, and encouraged by the doors that continue to open.

Warm regards,
Rob Dunn
CEO
Zion Oil & Gas, Inc.

“Behold, He who keeps Israel
Shall neither slumber nor sleep.” (Psalm 121:4)