Zion Oil & Gas Inc. (OTCMKTS:ZNOG) is a Delaware-incorporated independent oil and gas exploration and production company with a strategic focus on onshore blocks in Israel’s Levant Basin. Through its wholly owned Israeli subsidiary, the company holds multiple petroleum exploration licenses, including the Megiddo-Jezreel and Shiloh licenses, covering key sedimentary formations beneath the Sea of Galilee region. Its upstream operations encompass seismic data acquisition, geological and geophysical interpretation, well planning, drilling and completion activities aimed at delineating and evaluating hydrocarbon prospects.
Founded in 1992 by a consortium of U.S. and Israeli investors, Zion Oil & Gas has methodically advanced its exploration portfolio over three decades. The company has drilled several appraisal wells—such as Miriam-1 and Joel-1—while continuously building an extensive seismic database to refine reservoir models and identify additional target horizons. Operations in Israel are conducted under the oversight of the national Ministry of National Infrastructures, ensuring compliance with local regulations and environmental standards.
Led by an experienced management team with deep expertise in international petroleum exploration and project finance, Zion Oil & Gas leverages a board of directors populated by geoscientists and industry veterans. The company maintains its corporate headquarters in New York City and field offices in Israel to facilitate technical collaboration, stakeholder relations and capital market access. Strategic partnerships with specialized drilling contractors, service providers and local agencies underpin its operational execution.
As Zion Oil & Gas advances its drilling program, the company remains focused on transitioning high-impact exploration targets toward development and commercial production. Management continues to explore farm-out and joint-venture opportunities to optimize capital allocation and accelerate project timelines. With a commitment to sustainable resource development and operational efficiency, Zion Oil & Gas seeks to create long-term value for its shareholders through disciplined exploration and strategic growth initiatives.
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