Zion Oil & Gas Inc.
10/09/2024 | Press release | Distributed by Public on 10/09/2024 09:20
🇮🇱 Zion Oil & Gas Update: October 9, 2024
October 9, 2024
Dear Zion Shareholders and Supporters,
During these challenging times, we are thankful to report that our staff and rig remain safe in Israel despite the ongoing conflict. The security and well-being of our personnel are paramount to our success. We continue to work within Israeli guidelines ensuring the continued protection of our staff, crew, and well site.
While our MJ-01 re-completion project has faced a multitude of hurdles, including an active conflict, downhole issues and logistical challenges, we continue to move forward each time a safe opportunity permits continuation of operations. However, we will only move forward in coordination with Israeli authorities. We are actively monitoring the port situation to import the items needed to complete the current work program. We remain optimistic about making significant progress in the coming months.
In light of the current situation, we have decided to extend our Unit Program until December 31, 2024. This extension gives investors additional time to participate and support our crucial mission for Israel. Importantly, the warrants associated with the Unit Program will also be extended and exercisable from January 31, 2025, to January 31, 2026.
Your prayers and ongoing support are greatly appreciated by our team in Israel. Our monthly public prayer time over Zoom in September saw over 250 join us live from 14 nations around the world. We remain committed to moving forward safely, efficiently, and with unwavering faith in God's vision for the oil of Israel.
Thank you for standing with Israel and Zion.
Robert Dunn
CEO
"The Lord is my light and my salvation; whom shall I fear? The Lord is the defense of my life; whom shall I dread?"
Psalm 27:1 NASB
"I sought the Lord, and he answered me;
he delivered me from all my fears.
Those who look to him are radiant;
their faces are never covered with shame.
This poor man called, and the Lord heard him;
he saved him out of all his troubles.
The angel of the Lord encamps around those who fear him,
and he delivers them.
Taste and see that the Lord is good;
blessed is the one who takes refuge in him."
Psalm 34:4-8 NIV
For each $250.00 UNIT you receive:
- Common stock at the average of the high and low sale price on OTC: ZNOG for the day if purchased before 4:00pm EST. Purchases after 4:00pm EST will receive the following day's high-low average.
- 50 Warrants with an exercise price of $0.25 each.