Zion Appoints Carrillo President/COO

October 21, 2011 by  

New Zion President/COO Victor Carrillo at Zion Drilling Rig

Dallas, Texas and Caesarea, Israel – October 18, 2011 – Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that Mr. Victor G. Carrillo has been appointed as President and Chief Operating Officer of the Company, replacing Mr. William L. Ottaviani who, by mutual agreement with the Company, left to pursue other opportunities on October 14, 2011. Mr. Ottaviani resigned from the Company’s Board of Directors, as provided for in his employment agreement with the Company.

Mr. Carrillo, age 46, has been serving as the Company’s Executive Vice President since January 2011 and as a director since September 2010. Mr. Carrillo will continue to serve on the Company’s Board of Directors.

Mr. Carrillo is a petroleum geologist and geophysicist, attorney, former city councilman, former county judge and former statewide elected official in Texas. For almost eight years, ending in January 2011, Mr. Carrillo served as a commissioner of the Railroad Commission of Texas (the State of Texas Board with regulatory jurisdiction over oil and gas exploration and production) having served as chairman of the three-member statewide elected board twice. Mr. Carrillo holds a law degree from the University of Houston Law Center, a Master of Science degree in geology from Baylor University, and a Bachelor of Science degree in geology from Hardin-Simmons University.  Mr. Carrillo also received an honorary doctorate degree from Hardin-Simmons University in May 2006. Mr. Carrillo’s background in petroleum geology and geophysics and regulatory experience as Chairman of the Railroad Commission of Texas furnishes to our board access to a greater understanding of both petroleum science and regulatory issues. Mr. Carrillo currently also serves as a director of Magnum Hunter Resources Corporation; an oil and gas company engaged in the acquisition, development and production of unconventional oil and gas resource plays in the United States and Canada. He also serves on the advisory board of the Maguire Energy Institute at Southern Methodist University in Dallas, Texas.

Zion’s Chief Executive Officer, Richard Rinberg, said today that, “I want to thank Bill Ottaviani for his contribution to Zion and wish him well in his future endeavours.

I am very pleased to announce Mr. Carrillo’s appointment as our President and Chief Operating Officer. Victor Carrillo has a wealth of experience in the petroleum industry and is an experienced petroleum industry professional. His skills as a petroleum geologist and geophysicist will serve our Company well as we strive to identify drilling prospect opportunities in our license areas, confirm our next drilling locations and implement our multi-well strategy, as we continue our pursuit to recover hydrocarbons in Israel.”

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5 Responses to “Zion Appoints Carrillo President/COO”

  1. SHIRLEY FORD on October 21st, 2011 5:42 am


  2. Stephen J. Schildwachter on October 21st, 2011 6:00 am

    I am very pleased to see that Israel has adopted the position of having an impressive Navy presence. As a retired US Navy Captain, the factors of mobility and “show” that a naval presence provide are key in thwarting enemy threats.

  3. Nancy Rivard on October 21st, 2011 12:35 pm

    I Pray for Zion Oil and Gas today. I pray YHWH will guide and lead Zion O/G to the
    “Mouth” of the Great Jug of pure sweet Crude that He has in Reserve for Israel.
    I pray that He will “pop” the Stone Cork, and let the Celebration begin, and He will
    Pour out the Sweet Golden oil on the head of His People Israel, a Light for all Nations, a Testimony for His NAMESAKE! Shalom, Truth Hunter

  4. philip goldman on October 21st, 2011 5:26 pm

    there is no way that public info pertaining to zn locating oil in israel will happen! There needs to be silence along the way! Break the news quietly, if possible?

  5. CHARLEY ABRAHAM- INDIA-KERALA STATE. on December 4th, 2011 4:39 pm

    Respected Sir,

    To Whomsoever it may concern.

    My name is Charley Abraham. I,am an Indian from the State of Kerala.At present I am working as a Night Tool Pusher with an Indian based Oil and Gas drilling company called John Energy at their project in the sate of Himachal Pradesh in India.. Its my long time wish to work with a Oil company in Israel the Holy Land of my ” ALMIGHTY GOD”. I started working as a Roustabout in the year 1987. At present I,am 45 years of age. During the period of time I got promoted as Floor man, Derrick man, Asst: Driller, Driller, Night Tool Pusher, Tool Pusher and Rig Manager with different companies in India and abroad. If given an opportunity to work for you in ISRAEL that will be my greatest blessings from my ” MOST HOLY GOD” the ” “GOD” of Israel whom I believe is my “GOD” too.

    With hope – waiting for you reply.


    Charley Abraham.( Mobile Phone Number: 0091 – 944 744 1234.
    E Mail: ID – charley.abraham@yahoo.com.

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