“Breaking The Treasure Code” Tells the Story of Israel’s Oil Discovery

January 10, 2012 by · 55 Comments 

Israel sitting on 1.7 billion barrels of oil and 122 trillion cubic feet of natural gas? An ancient Bible prophecy fulfilled?


Breaking the Treasure Code: The Hunt For Israel’s Oil tells the story of the prophecy leading to Israel’s oil discovery and its fulfillment today. In light recent exploration and of Israel’s breaking news of a massive natural gas discovery off the coast of Haifa, this book and its implications are more relevant today than ever.

Breaking The Treasure CodeJoel Rosenberg, author of Epicenter says, “Israel? Proven Reserves? Billions? When I read those words, the hair on the back of my neck stood ss.comup … Little did I know.”

Joseph Farah of World Net Daily says, “If you read one book on Israel in prophecy this year, pick this one.”

Jack Kinsella of The Omega Letter says, “Breaking the Treasure Code is both fascinating and relevant.”

If you haven’t read this important book yet, get it, read it, and watch Bible prophecy unfold into one of the greatest news stories of this century!

Buy Breaking the Treasure Code: The Hunt for Israel’s Oil by clicking the ‘Add to Cart’ button below, or order by phone toll free (888) 543-8028. (P.S. Don’t forget to order an extra copy to share with your pastor, a relative or friend.)


Zion Oil October 2, 2009 Company Update

October 8, 2009 by · 4 Comments 


Zion Oil & Gas Newsletter

October 2, 2009


Dear Shareholder and/or Friend of Zion…

Here is an update of our progress during the past week.

Operations on the Ma’anit-Rehoboth #2 Well

In last week’s update (dated September 25, 2009) I wrote:

“We have decided, for the present, not to drill any deeper in this well and are now analyzing and establishing the priorities of the seven zones that warrant completion testing.   The well bore is in excellent condition and it is also possible that we will drill this well deeper in the future.  Next week, I will comment further.”

The Ma’anit-Rehoboth #2 well was planned as a deep well in order to test the Permian geological formation and the original planned target depth was 5,500 meters (18,040 feet).

During the planning of the well, our geologists, basing their opinion on the available seismic and other data, believed that drilling to the planned target depth of 5,500 meters (18,040 feet) would result in us testing the Permian geological layer.

In September 2009, when our drilling reached a depth of 5,460 meters (17,913 feet), we had reached a depth less than 1% away from the original target depth.

However, during drilling, it became apparent that we were, in fact, drilling into a ‘fault line’. (This means that the rock on one side of the fracture had moved with respect to the rock on the other side.) To make matters more complicated, there did not seem to have been just one fault line but more likely a ‘fault zone’.

Due to the presence of the fault zone, the geological formation in which we were drilling required much more analysis.

After carrying out that analysis, we decided that, almost certainly, we were still in the Triassic geological layer and could not determine how much further we would have to drill to reach the Permian geological layer.

In the light of the uncertainty regarding the depth of the Permian geological layer at our well site and knowing that we have found seven zones that warrant completion testing, we decided that the prudent course, for the present, was to stop drilling on this well and (i) test the seven zones mentioned, as well as (ii) carry out further analysis on the geology, using the drilling and logging data obtained in the last weeks. However, at a later stage, if we decide to, we can drill this well deeper.

Not only did we have the benefit of our internal experts, Dr. Druckman, Dr. Kashai and Stephen Pierce who between them have over 100 years of professional experience, but we also received input from external organizations and experts, such as the ‘The Geophysical Institute of Israel’ and Dr. Dorit Korengrin and Dr. Brian Conway of ‘The Geological Survey of Israel’.

The Geophysical Institute of Israel specializes in the application of geophysical methods for mapping the structure and characteristics of the subsurface; their website address is:


The Geological Survey of Israel is involved in earth science research and development; their website address is: http://www.gsi.gov.il/eng/

Preparations at the site of the Elijah #3 Well

This coming week, we plan to start rigging down (at the Ma’anit site) and start moving the drilling rig and equipment to the site of the Elijah #3 well.

We have initiated our security on the area and equipment has now started to arrive on site.

We have set the ‘conductor pipe'; that is, a short length of pipe, driven into the ground. Conductor pipe is run because the initial shallow section of the well is drilled in unconsolidated soil rather than consolidated strata (i.e. solid formations) encountered deeper.

We estimate that we will start drilling in approximately the middle of October 2009.

Rights Offering

This week, on October 1, 2009, in response to comments received from the Securities and Exchange Commission (SEC), Zion filed an additional amendment to the registration statement.

As amended, the proposed Rights Offering will offer a maximum of 3.6 million shares of stock at $5.00 for each share of stock. Should the rights offering be fully subscribed, the company will receive gross proceeds of $18 million.

Under the (amended) rights offering, stockholders have the right to purchase twenty three (23) shares of stock for every one hundred (100) shares of common stock owned on the (to be determined) record date.  This is identical to 0.23 subscription rights for each share of common stock owned on the record date.

If you were among the many hundreds of our stockholders who did not receive as many $5.00 shares as you subscribed for in the earlier rights offering, this is your ‘second chance’ opportunity. Obviously, this offer is open to everyone who is a stockholder of record on the (as yet undetermined) record date.

The offering can only ‘go effective’ (or in plain language, ‘begin’) when the SEC has completed its review, so we patiently wait.

CBN NEWS Interview


On Wednesday of this week, as you can see in the photographs, Chris Mitchell, the Middle East Bureau Chief of CBN NEWS visited us, in order to interview John Brown and visit the site of the Ma’anit-Rehoboth #2 well.

John explained his vision, gave Chris Mitchell an understanding of the history of Zion Oil & Gas and then I gave CBN NEWS a guided tour of our operations. It transpired that some members of the CBN NEWS photographer’s family were enthusiastic Zion shareholders. I’ll let you know when the article has been published and/or broadcast.

The CBN NEWS website address is: http://www.cbn.com/cbnnews/

“In your good pleasure, make Zion prosper…”

Psalm 51:18

Thank you for your support of Zion and Shalom from Israel

Richard Rinberg

CEO of Zion Oil & Gas, Inc.


FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, geophysical and geological data and interpretation, anticipated attributes of geological strata being drilled, drilling efforts and locations, timing and potential results thereof and plans contingent thereon and 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 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 will send you the prospectus if you request it by calling toll free 1-888-TX1-ZION (1-888-891-9466 ).

Contact Information

More information about Zion is available at www.zionoil.com or by contacting Kim Kaylor at Zion Oil & Gas, Inc., 6510 Abrams Rd., Suite 300, Dallas, TX 75231; telephone 1-214-221-4610; email: dallas@zionoil.com

Givot Olam Resumes Drilling

July 1, 2009 by · 1 Comment 

According to an announcement on Givot Olam’s website, the company has resumed drilling their Meged #5 well, just south of Zion’s Joseph permit area. Givot Olam was the first oil exploration company to announce a major oil discovery in Northern Israel in 2004 with an estimated 1 billion barrels in place. How much of that 1 billion barrels they can extract, however, remains a question. Optimistic estimates from the company place ‘recoverable’ oil at up to 100 million barrels. Still, 100 million barrels at today’s price of $70 per barrel is a substantial find … if they can get it out of the ground.
Givot Olam’s founder, Tovia Luskin gives credit for his inspiration to explore for oil in Israel from a familiar source – The Bible.

“The blessings of your father excel the blessings of my ancestors and the bounty of the eternal hills. May they rest on the head of Joseph, on the crown of the prince of his brothers.” (Genesis 49:26)

Zion Oil Reaches Permian Target

July 1, 2009 by · 1 Comment 

<br />
Thursday June 25, Zion Oil COO Glen Perry wrote that Zion’s Ma’anit Rehoboth #2 well had reached a depth of 15,750 feet. This is 200 feet beyond the final depth of Zion’s 2005 Ma’anit #1 well.

Why is this important? Zion oil has two targets for the current drilling program. The first was at 15,400 feet, into the early Triassic, where, based on what they’ve already experienced with the Ma’anit #1, they know that, “Based on its analysis, Zion believes that there are prospective hydrocarbon bearing intervals at depths between 12,500 feet and 18,000 feet and that, if successful, the primary hydrocarbons will be natural gas and condensate, with the possibility of oil.”
In the Ma’anit #1: “Drilling breaks and shows of hydrocarbons were recorded from 12,000 to the total depth of 15,500 feet.”

The Ma’anit Rehoboth #2 well is now below the final depth of the Ma’anit #1, in the same hole as the Ma’anit #1, but directionally aimed at a better target than the Ma’anit #1, based on their findings at the Ma’anit #1 – “Drilling breaks and shows of hydrocarbons were recorded from 12,000 to the total depth of 15,500 feet.”

Get where I’m coming from yet?

Do you really think that Zion hasn’t found “Drilling breaks and shows of hydrocarbons …”? Unlikely.

So why no news from Zion Oil?

Richard Rindberg explains in last week’s letter to shareholders.

“Recently, we received an email from a shareholder who commented that he was disappointed that we have not released any information regarding whether we have had ‘showings’ of hydrocarbons or ‘drilling breaks’ during our current drilling. He asked: ‘Why all the secrecy?’

It is correct that we have refrained from releasing ‘raw data’ (and will continue to do so) because we will not release information until it has been properly and professionally evaluated and confirmed.

When we drilled the Ma’anit #1 well, we posted daily drilling reports, but as our stock is now publicly traded, we cannot make such information available without proper review. This would be a daily burden on management time and add a large extra cost for external consulting and the required public filings.

In previous emails, we noted that the procedure is first to drill and then to ‘appraise and evaluate’ using electrical wireline well logs.

We plan to finish the intermediate drilling phase soon and then to log the well. We will be using some state-of-the-art Baker Atlas logging equipment, including some of the following:

Caliper Log, Compensated Neutron Log, Compensated Densilog, Gamma Ray Log, High Definition Induction Log, Formation Resistivity Imager (STAR), Circumferential Borehole Imaging Log (CIBL) and the Hexagonal Diplog.
To the ordinary person, it may read like scientific gobbledygook, but it will help us to determine an accurate evaluation of the well.

Thank you for your patience and you can be sure that when we do release information, it will be as correct as we can possibly make it.”

Zion Oil is in a far better position, with more advanced technology and expertise to “properly evaluate the well” than they were with the Ma’anit #1 in 2005. But this time, the company’s public status prevents them from giving blow-by-blow daily logs. In the long run, that’s a good thing. Their analysis, when it is made public, will be more accurate and indicative, not only of what they’ve got in the well, but also of what they can get out of it.

Zion AME Rig Leaves Turkey

April 16, 2009 by · 3 Comments 

The 2,000 horsepower Aladdin Middle East drilling rig contracted by
Zion Oil & Gas to drill the Ma’anit Rehoboth #2 well in northern
Israel was loaded on the the freighter “Umiavut” yesterday at the
Turkish port of Iskenderun.












Moving the rig from Turkey to Israel is no small chore.
Transporting the Zion rig overland requires 80 truckloads of
equipment. That’s 80 trucks loaded in Ankara (inland Turkey) and
transported to the dock at Iskenderun. 80 trucks unloaded and put
aboard ship. 80 trucks unloaded at Haifa, Israel and transported to
Zion’s Ma’anit Rehoboth site. 80 trucks unloaded and set up at the
well site. Whew!

Here’s the estimated time lapse: Transit time via ship from Turkey
to the port of Haifa in Israel is four days. Combined transit and
setup time from the port of Haifa to the well site at Ma’anit is
nine days. Today is April 16. If all goes well, by April 30 (don’t
count Shabbat on the 25th) we may be hearing exciting news from

Following Zion’s Stock Price

March 12, 2009 by · 4 Comments 

Zion Oil & Gas Stock has been pretty active and I’ve received a lot of messages about its price volatility. Everything from wild optimism to ‘the sky is falling.’ Just so you know, our newsletter and our website aren’t a part of Zion Oil and I’m not a stock broker or a day trader.

But as someone intimately connected with the story of oil in Israel, here’s what I do know – what I’ve been saying all along. The promise of an oil discovery in Israel isn’t new news; as a matter of fact, the story first broke almost 4,000 years ago (read Genesis 49 and Deuteronomy 32 & 33). My dad, Jim Spillman, saw this promise in scripture and followed the trail that led him to the spot and the time the oil would be discovered. John Brown heard my father speak on this back in 1981 and took it on faith. It took Brown another 19 years of work, research and travel to Israel to get his first Israeli exploration license and found Zion Oil & Gas in 2000. Since John’s first trip to Israel in 1983 a lot of research, testing, exploration and discovery has transpired. With each test result or finding, the promise of oil in Israel gained a little more geological support. January’s massive natural gas discovery proved the existence of hydrocarbons in northern Israel in a very BIG way.

So here we are, nearly 4,000 years after Jacob’s blessing, twenty-eight years after John Brown first heard and believed the story of Israel’s oil, with every objective scientific result in the last two decades pointing to its reality, and still, everybody is freaked out over the change in Zion’s hour-by-hour stock price.

Folks, Zion is an OIL EXPLORATION company. Until they discover oil or fold up shop, don’t worry too much about daily changes in their stock price. And don’t worry too much about them folding up shop. John Brown has been at this for twenty-five years. The early years were a lot tougher than today and he just kept plowing. Zion Oil is here to stay. The managers and board members are personally (and financially) committed to this mission. It’s my belief that they’re at the end of their quest, not the beginning of it. The goal is in sight. And if you still can’t get your mind off of what Zion’s stock price was at 9:42 AM last Thursday or what it might be at 3:14 PM next Tuesday, here’s a graph for you. It covers about 3 months, not a long time, but long enough. The blue line is daily price at closing – up and down and up and down – but a lot more up. The red line shows a 20 day average (kind of smooths out the bumps). What do you see over 3 months? Up. Relax.

Here’s Zion Oil’s official response to questions about the stock price going up and down and up and down (but generally up):
Dear Shareholder and/or Friend of Zion…
We have received quite a number of telephone calls this week and many callers were asking us the same question:

“I have been watching the movements in Zion’s stock price. Please explain what is going on?”

We can’t and don’t comment on our stock price because… we really don’t know any more than you.
Zion stock is traded on a public market, so any member of the public or maybe an investment company can buy or sell stock, just as they wish.
We have no control over the Zion stock price in the public market; the stock price just reflects the actions of those trading that day.
What we can assure everyone is that the purchases and sales are not due to any information that is not publicly available.
We can also assure you that we are working towards long-term shareholder value and in the long-term, we believe, short-term fluctuations are irrelevant.
Thank you for your continued support of Zion.

“In your good pleasure, make Zion prosper…” Psalm 51:18
Shalom from Israel
Richard Rinberg
CEO of Zion Oil & Gas, Inc.

Gosh … kinda what I’ve been saying.

Zion Oil Applies for Issachar-Zebulun License

February 24, 2009 by · Leave a Comment 

Zion Oil & Gas applied today for an additional 245,000 acres of exploration area in the biblical lands of Zebulun and Issachar. “… for they [Zebulun & Issachar] shall suck of the abundance of the seas, and of treasures hid in the sand.” (Deuteronomy 33:19) The applied for license area also includes the valley of Megiddo.    If Zion is extended the new license area, the company’s total area under license will grow to 400,000 acres.


In today’s letter to ‘Shareholders and Friends of Zion”, CEO Richard Rinberg also reported on progress with the company’s drilling contractor, Alladin Middle East: “On February 20, 2009, two senior executives from Aladdin Middle East Ltd (AME), in Turkey, visited our office in Dallas. We met with both AME’s Business Development Coordinator and Drilling Manager as, in September 2008, we contracted with AME to use their 2,000 horsepower drilling rig to drill our Ma’anit-Rehoboth #2 well. (You can see the location marked on the map diagram above.)

They informed us that they have now fully disassembled the drilling rig into eighty loads, in preparation for transit from Ankara to Israel. They told us that there is no shortage of vessels for shipping the rig to Israel and they expect, once the rig has cleared customs at Haifa Port, that they will require only nine days in which to rig-up (i.e. erect) the drilling rig.

Both Zion and AME have submitted all the crew documentation requested by the authorities in Israel; we now wait for confirmation that Israel has granted the Turkish crew worker permits. As soon as confirmation is received, the drilling rig will start its journey to Israel.” By the way: Zion stock closed at $17.27 today. Unbelievable. (See Genesis 12:3)

Zion Oil Stock Receives A+ Rating

February 21, 2009 by · 5 Comments 

Remember folks, you read it here first.
Zion Oil & Gas stock closed at $12.50 yesterday, Friday, February 20. On Monday’s issue of Investor’s Business Daily (that right Monday’s issue) Zion stock will carry an A+ rating.
zion-oil-ibd-ratingWhat does that mean? IBD ranks stocks by a proprietary system ranging from A – E. According to IBD, ‘A’ stocks outperform more than 80%of the market; ‘E’ stocks perform worse than 80% of the market. ‘A+’ is at the top of the top (you can read more about the IBD ranking system here: http://www.investors.com/ibdhelp/helpglossB.asp?helpID=156).

Zion Oil continues to shine in a dark economic environment. I’ve had people ask why the stock is going up so steadily in this terrible market. And, of, course they’ve given me their opinions about Zion’s performance. Here are three reasons for Zion’s increasing stock value that I gave to a http://oilinisrael.net reader this week

1. The Haifa gas discovery is close by and proves massive hydrocarbons in the area.
2. Zion has proven themselves to be a real company – not a fly by night. They do what they say they’re going to do.
3. The announced subscription offer is a great deal – but only to those who already own Zion stock.

It’s pretty simple folks. Now it looks like the rest of the world is catching on.