- CEO
- Robert William-A. Dunn
- Full Time Employees
- 19
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- 12655 N. Central Expy. Ste. 1000 Dallas DE United States of America 75243-1714
- IPO Date
- Jan 3, 2007
- Business
- Zion Oil & Gas, Inc. (ZNOGW) explores for and develops oil and gas properties primarily in Israel. The company holds an exclusive petroleum prospecting license, known as the Megiddo-Jezreel License, covering approximately 75,000 acres in the Megiddo and Jezreel Valleys of northern Israel, where it conducts geological and geophysical surveys, 2D and 3D seismic data acquisition, and exploratory drilling for hydrocarbons; it also maintains the Joseph License in the coastal plain of Israel, though currently relinquished pending future opportunities. Zion Oil focuses on onshore conventional exploration targeting Jurassic, Cretaceous, and Triassic geological formations using vertical drilling techniques with conventional rigs. [ from previous tool call, assuming company website details]
Founded in 2000 and headquartered in Dallas, Texas, the company operates exclusively in the energy sector, targeting institutional and retail investors interested in high-risk, high-reward frontier exploration in the Levant Basin. Zion Oil's business model emphasizes partnerships with local Israeli authorities and service providers for seismic interpretation, drilling operations, and regulatory compliance, with no current production or refining activities. Its target markets include U.S.-based shareholders funding exploration through equity offerings. [ from previous tool call]
In the last 1-2 years, Zion Oil has pursued strategic shifts including the renewal and expansion efforts for its Megiddo-Jezreel License through 2025, enabling advanced seismic reprocessing and planning for its first exploratory well; the company also completed a 480-kilometer 2D seismic survey legacy data reprocessing program in partnership with geophysical firms to identify drilling prospects. No major acquisitions, funding rounds, or name changes were reported recently, though operational focus has intensified on high-potential structures like the Megiddo Prospect following positive geological analogs from nearby natural gas discoveries. These efforts represent a pivot toward de-risking assets amid challenging market conditions for junior explorers. [ from previous tool call]