Zion Oil Releases 2012 ‘Joseph Project’ Video

February 27, 2012 by · 2 Comments 

Zion Oil & Gas debuted it’s 2012 Corporate video, “The Joseph Project”, during last week’s National Religious Broadcasters Convention in Nashville, Tennessee. In the video Zion Founder John Brown reviews the company’s mission and vision for Israel. Zion CEO Richard Rinberg and COO Victor Carrillo share their thoughts on the recent and future exploration activities.

Zion Oil & Gas is dedicated to finding and producing oil and gas in Israel.

Israel’s Offshore Discoveries Fuel Tension

November 3, 2010 by · 2 Comments 

Russian news agency, Russia Today, reports on Israel’s recent oil and gas discoveries and international tensions with Lebanon over disputed territorial boundaries. Onshore, Russia Today, briefly reports on Givot Olam’s Rosh Ha’Ayin site but does not mention the Zion Oil & Gas exploration area or the Joseph Project.

Zion Oil Announces Rights Offering

January 29, 2009 by · 7 Comments 

Zion Oil & Gas (NYSE Alternext US: ZN) announced today that it has filed for a rights offering with the SEC. Under the terms of the offering Zion  shareholders will receive (3) subscription rights for every (8) shares of common stock held. Each subscription right entitles the holder to buy one additional share of common stock at $5.00. For example, if a shareholder currently holds 1,000 shares of Zion Oil common stock, the shareholder would receive 375 subscription rights, or the right to buy 375 additional shares of common stock at $5.00. As I write this post, Zion Oil & Gas shares are at $8.81. That same shareholder, if he or she exercised his or her subscription right, 375 share would cost the share holder $1875, assuming today’s market price of $8.81, those 375 shares would be worth $3,303.75; a gain of $1428.75 with the stroke of a pen. Not a lot of hand wringing over that one.

Here’s Zion’s announcement:

ZION OIL ANNOUNCES RIGHTS OFFERING

Dallas, Texas and Caesarea, Israel – January 29, 2009 – Zion Oil & Gas, Inc. (NYSE Alternext US: ZN) announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to a proposed rights offering to its common stockholders of up to 4.2 million shares of common stock. Each whole subscription right will entitle the holder to purchase one share of common stock for $5.00.
Under the proposed rights offering, stockholders will receive three (3) subscription rights for every eight (8) shares of common stock owned on the record date. This is identical to 0.375 subscription rights for each share of common stock owned on the record date.

Should the rights offering be fully subscribed, the company expects to receive gross proceeds of $21 million. The proceeds from the rights offering will be used for Zion’s multi-well drilling plan.

Stockholders who fully exercise their rights will be entitled to subscribe for additional shares of common stock, if available, that were not subscribed for by other rights holders.

The record, commencement and initial expiration dates for the offering will be determined at the time that the registration statement relating to the rights offering becomes effective.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Zion Oil & Gas, Inc., a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Tel-Aviv and Haifa. It currently holds two petroleum exploration licenses, the Joseph and Asher-Menashe Licenses, between Netanya on the south and Haifa on the north, covering a total of approximately 162,000 acres.

FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical fact, including statements regarding Zion’s planned operations, potential results thereof and plans contingent thereon, including the importation of a drilling rig into Israel, the granting of various required permits and the gross proceeds of the rights offering, 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.

Zion’s homepage may be found at: www.zionoil.com

Contact:

Brittany Russell

Zion Oil & Gas, Inc.

6510 Abrams Rd., Suite 300

Dallas, TX 75231

(1) 214-221-4610

Email: dallas@zionoil.com

Zion Oil Announces Drilling Delay

January 28, 2009 by · Leave a Comment 

Zion Oil & Gas CEO Richard Rinberg announced to shareholders and interested parties today that drilling at the Ma’anit Rehoboth #2 well site would be delayed until March due to permitting hold-ups for AME’s drilling crew. According to Rinberg, the permitting delays were not helped by Israel’s focus on the recent war in Gaza, but at this time only a few ” ‘purely bureaucratic’ problems” remain. All other necessary support equipment and supplies seems to be on track and should be awaiting the rig’s arrival in March.

The Rinberg letter to Zion shareholders and ‘friends’ is below:

Dear Shareholder and/or Friend of Zion

In 1785, the Scottish poet, Robert Burns, wrote “The best-laid schemes o’ mice an’ men gang aft agley” or in English, “The best-laid plans of mice and men often go awry”.

That’s just another way of saying that no matter how carefully a project is planned, the unexpected may still delay you.

Earlier this month, during the (unexpected) war in Gaza, I emailed you an update of our scheduled drilling operations. As the Gaza military operations have now abated, I want to give you further revised information.

(1) The 2,000 horsepower drilling rig is in Ankara, Turkey and is now expected to arrive in Israel, rig-up and start drilling our well in March 2009. The main delay has been due to slow progress in obtaining the Turkish rig-workers’ permits. You will appreciate that for the last few weeks this has not been the State of Israel’s top priority. There were also delays due to a requirement that every rig-worker have a passport valid for over three years and that every worker personally visit Israel’s consulate in Turkey, (this last item was subsequently waived). However, we are now making good progress and expect a speedy resolution of all these ‘purely bureaucratic’ problems very soon.

(2) The Drill Pipe being shipped from China arrived at Haifa Port today (Wednesday, January 28, 2009).

(3) The Cement and Chemicals for the Mud will be delivered, at our request, when we are ready. Some of the material is already in Israel and for the remainder the order lead time is short. We do not want to store these materials at our site for longer than absolutely necessary.

(4) We have already received three Drilling Bits and are waiting for the rest of our consignment order to arrive. However, the Drilling Bits we have in store will enable us to drill to over 11,000 feet, so we are not concerned regarding Drilling Bits.

(5) We still have in secure storage, in Israel, over $1.7 million worth of drill casing and other inventory items.

My last email during the war in Gaza was approximately three weeks ago. Since then, military operations in Gaza have ended, the USA has sworn-in a new President and there has been the discovery of a huge natural gas field, offshore the coast of Israel (90 kilometers west of Haifa).

As we all know, a lot can happen in a very short period. So, we will just keep moving forward to our goal… of finding and recovering oil and gas, onshore in Israel.

“In your good pleasure, make Zion prosper…” Psalm 51:18

Shalom from Israel
Richard Rinberg
CEO of Zion Oil & Gas Inc
www.zionoil.com

FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, potential results thereof and potential effects of those results, including the importation of a drilling rig into Israel, the granting of various required permit, are forward-looking statements as defined in the “Safe Harbor” provision 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 Prospectus and its 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.

“Energy Independence” by Nathan Jones

September 30, 2008 by · Leave a Comment 

The following article by Nathan Jones appeared in The Christ in Prophecy Journal. You can read the original article at: http://www.lamblion.us/2008/09/energy-independence.html.

Other than the economic downturn most of the world is grappling with due to the Sub-Prime Mortgage Crisis, no other topic has been more center stage lately than the energy crisis. Painful fill-ups at the pumps emptying wallets, food shortages ravaging the third world as corn is converted into ethanol, inflation rising as transportation costs are passed onto consumers, and the devaluation of the dollar as the U.S. government mass-prints money to keep up in competitive buying of fuel — all these and many more troubles have befallen the world over the amount of available oil.

“Black Gold,” “Texas Tea,” “Liquid Dinosaur” — the readiness of this substance is the source of troubles in modern world politics. It will also be a huge motivator in the prophetic scenes of Israel overcoming their Arab neighbors (Psalm 83), Russia and Iran trying and failing to seize the Middle East oil fields (Ezekiel 38,39), and the Antichrist’s struggle against Israel to control the Middle East to establish his Revived Roman Empire (Daniel 2,7).

While the world goes ga-ga over oil, Israel instead has been leading the way in becoming energy independent. With no known oil of their own, Israel knows that currently they are totally dependent on the millions of hostile Arabs intent on destroying them. If it wasn’t for God and the greed of OPEC being greater than their Islamic conviction to utterly remove Israel from the face of the earth, Israel would have been reduced to an agrarian society and destroyed by now.

Companies like Zion Oil and Gas, Inc., via The Joseph Project have been vigorously drilling for that questionable Israeli oil, believing the Bible supports that Israel is sitting on trillions of dollars underground. They base their search on Genesis 49:25-26; Deuteronomy 32:24; Deuteronomy 33:24; and Job 29:6. These verses speak of “blessings of the deep that lies below” and “oil from the flinty crag” and “let him bathe his feet in oil” and “the rock poured out for me streams of olive oil.”

Whether oil is under Israel or not, where Israel’s true search for energy independence lies is in its brilliant innovations in alternative energy sources like solar and battery power. Israeli scientists have released revolutionary second generation solar cells that are light years ahead of current installs. Israel is also looking to be the first country by 2020 to have eliminated all gas-powered cars with battery-powered cars. Because of Israel’s small size, driving distances are well within the current 124 mile battery limit. Israel is motivated to be totally energy independent because it knows it is in a race to survive.

The United States and EU, instead of selling out Israel to appease oil-rich Arab countries to keep the supply of oil running, should instead be partnering with Israel in their breakthrough advancements in energy. The United States could indeed be not just energy independent by following Israel’s lead and partnering with them, but also become major suppliers of energy to the world and eliminate the woefully unbalanced trade deficit.

Unfortunately, as end-time players are nearly ready to fulfill their prophetic roles and fall all over themselves to get Middle East oil, the day the world is free of oil tyranny with energy independence may well have to wait till Jesus is on the throne during His Millennial Kingdom. Pity our short-sightedness and greed.

Zion Oil & Gas Public Offering Update

September 22, 2008 by · Leave a Comment 

“With faith there are no questions.
Without faith, there are no answers.”
 
Dear Zion Shareholder and/or Friend of Zion
 
We are extending the initial 90 day period for our public offering of $10 units. The extension gives us an additional 60 days (until October 11th, 2008) to sell the minimum subscriptions required of 325,000 units at $10 each (= $3,250,000). If we don’t reach the minimum by October 11th, then we will have to close our offering and return to every subscriber the subscription amounts that we will then have in the escrow account.
 
We have almost everything we need to drill our next two wells in Israel, but we need money to pay for importing the drilling rig from Turkey and the daily drilling costs. Since we began planning our next well, the US dollar has fallen 25% in value against international currencies, while associated oil industry costs have risen by 50% to 100%.
 
For example, when we drilled our first well, the Ma’anit #1, the contractor’s daily rate was $14,000.  For our next planned well, the Ma’anit-Rehoboth #2, the daily rate will be $28,500 per day (and that is considered to be a very good price in a market that can charge up to $40,000 for a similar drilling rig).
 
The current economic downturn has hurt many and prevented us from reaching the minimum in the initial 90 days of our public offering, but we sincerely believe that the Joseph Project will be a financial blessing to those who have the vision and faith to support it. (Ruth 2:12)
 
If you do not have money to invest then I pray that G-d will send it to you. But if you do have the funds, perhaps this is the intended use for them. (Esther 4:14)
 
Please consider what number of $10 units you want to take. The minimum is 100 units but we hope you will want to take more. 500 units at $10 each is $5,000 and, if we are successful, this may be the best money you ever invested… and you will be blessed… (Genesis 12:1-3)
 
Please give this message your serious consideration; Zion depends on your support and without your prayers and financial support, we may not be able complete our work in Israel. (Numbers 10:32)
  
Shalom
 John Brown
(Hosea 12:10)
  
NOTICE:
This communication shall not constitute an offer to sell or the solicitation of an offer to buy Units of Zion’s securities, which may only be by prospectus, nor shall there be any sale of the Units in any state or country in which such offer, solicitation or sale would be unlawful prior to the registration, qualification or exemption under the securities laws of any such state or country.
 
FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding the closing of the offering, the timing and results thereof, Zion’s planned operations, potential results thereof and potential effects of those results on the market for Zion’s securities and returns on investments in those securities, are forward-looking statements as defined in the “Safe Harbor” provision 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 Prospectus and its 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.
 
Zion Oil & Gas, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Zion Oil & Gas and its offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Zion Oil & Gas or its underwriter will arrange to send you the prospectus if you request it by calling toll free 1-888-TX1-ZION (1-888-891-9466). 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
 
 Quick Links…
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Our Website: www.zionoil.com
Contact Information
Zion Oil & Gas Inc
Phone: 1-888-891-9466
Fax: 214-221-6510
Email Address: dallas@zionoil.com
Website: www.zionoil.com