Zion Update: New Senior VP and COO

Zion Update

On June 13, 2019, Zion Oil & Gas appointed Mr. Robert Dunn as Senior Vice-President and Chief Operations Officer.

With a career spanning over 27 years and experience on five continents, Robert Dunn brings a wealth of expertise to Zion Oil & Gas encompassing all phases of the seismic acquisition process, from field operations to presidential leadership in onshore drilling and geophysical services. Mr. Dunn’s work has focused on obtaining optimal, safe, and commercially-effective results in frontier exploration and development.

Mr. Dunn’s experience extends to the early ’90s and includes logistics/acquisition management in remote regions ranging from the Arctic to South American jungles as Project Manager and Technical/Recording Crew Manager for CGG Veritas, where his innovations helped Veritas become the largest, most trusted name in the geophysical industry.

Mr. Dunn was President of Geophysical Services for Viking Services from 2012 before joining Zion. In that capacity, Mr. Dunn managed all aspects of geophysical exploration in Europe, Turkey, and Africa, overseeing Viking’s acquisition of over 7,800 km² of 3D and 10,000 km of 2D seismic data.

Zion Oil & Gas is both honored and enthusiastic about Mr. Dunn’s new appointment for this crucial stage of the company.

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.