SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
14A
(Rule
14a-101)
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Soliciting
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ZION
OIL & GAS, INC.
______________________________________________________
(Name of
Registrant as Specified In Its Charter)
______________________________________________________
(Name of
Person(s) Filing Proxy Statement,
if other
than the Registrant)
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Filed
pursuant to Rule 433
Registration
Statement No. 333-157007
Jerry
Carlisle, Drilling Supervisor
Drilling Operations on the Ma'anit-Rehoboth #2
Well
In
previous updates, I have profiled the equipment and people that we have brought
into Israel, such as the Drilling Rig and Rig Crews (from Aladdin Middle East Ltd in
Turkey) headed up by their Drilling Manager, Mr. Tuncay Karadayi, and also the
5-person Directional Drilling Team (from Baker Hughes INTEQ in
Italy) led by Mr. Carlo Chiappa.
In
today's update, I want to highlight Zion's Drilling Supervisor on this well, Mr.
Jerry Carlisle. The Drilling Supervisor is vital to the success of any drilling
operation and we needed an experienced professional to supervise the drilling of
the Ma'anit-Rehoboth #2 well. Jerry came into Israel, especially for Zion, from
Point, Texas, U.S.A.
Jerry has
worked for some of the biggest and best oil companies in the world, such as
Exxon and Shell. He has drilled wells all over the world, such as in Alaska (at
a temperature of minus 75
degrees Fahrenheit) and in Kuwait (at a temperature of plus 147 degrees
Fahrenheit).
Jerry is
Zion's representative at the drill site and is the person 'in charge' at the
site. The job of Drilling Supervisor is a 24/7 job. For the duration of the
drilling, Jerry lives at the drill site and sleeps in his dedicated cabin next
to the drilling rig. In order to rest, he 'catnaps', but he can be woken anytime
in order to answer questions by the rig crew supervisor, the mud logging people,
the directional drilling team or just about anybody with a question relating to
the drilling.
The
photograph above shows Jerry at the Ma'anit-Rehoboth #2 drilling site. As you
can see on his hat, Jerry's motto is: 'Git er done
safely'.
Our
insurers would certainly agree with that sentiment...
Drilling Progress Report
Here is
(weekly) Progress Report #3, for the week ended Friday, May 29, 2009. The Report
is from Zion's President and Chief Operating Officer, Glen Perry.
"As I
mentioned last week, the remaining drilling operations on the Ma'anit-Rehoboth
#2 well can be divided into five steps:
(1) Drilling
directionally into the Triassic formation, a depth of approximately 15,400
feet (4,750 meters).
(2) Appraisal
and evaluation of the Triassic formation using electrical wireline well
logs.
(3)
Setting and cementing casing at that depth.
(4) Drilling
deeper to the Permian formation, a depth of approximately 18,000 feet
(5,500 meters).
(5) Appraisal
and evaluation of the Permian formation using electrical wireline well
logs.
This past
week we have successfully reached our maximum angle of deviation and are now
drilling, 'directionally' on a straight track, towards our Triassic formation
target. We have now reached a depth of approximately 11,320 feet (3,450
meters).
The
drilling is going very well indeed. We got 940,000 total revolutions on the last
drilling bit - which is excellent performance. To date, our maximum drilling
rate has been approximately 35 feet (10.7 meters) per hour and we have been
averaging approximately 15 feet (4.6 meters) per hour. That exceeds our
expectations.
Rights Offering
Our
ability to reach the deep Permian formation is dependent on us raising further
funds, so we are holding a Rights Offering. Anyone who was a stockholder on the
record date of May 4, 2009, has the right to purchase some more Zion stock at
$5.00 per share of stock.
If you
are a stockholder, I hope you will exercise your rights to purchase Zion stock
at $5.00 and even consider an over-subscription.
Please be
aware that the rights offering is set to expire on June 10, 2009. Although we
may, at our discretion, extend that expiration date, if you do want to exercise
your rights before they expire, don't wait until it is too late.
Proxy
Finally,
if you have received a Proxy voting form, it would really help us if you would
vote. You can vote by internet, by telephone or by mailing the completed form,
so please take two minutes and make your vote
count.
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Psalm
51:18 - In your good pleasure, make Zion
prosper...
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Thank
you for your continued support of Zion, and
Shalom
from Israel
Richard
Rinberg
CEO
of Zion Oil & Gas, Inc.
www.zionoil.com
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FORWARD LOOKING
STATEMENTS: Statements in this communication that are not
historical fact, including statements regarding Zion's planned operations,
drilling efforts and potential results thereof and plans contingent
thereon, 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 rights 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).
The
securities are offered by prospectus only, and only within those States
and other jurisdictions in which the securities may be sold, and this
announcement is neither an offer to sell nor a solicitation of any offer
to buy in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under
the securities of any such state or jurisdiction.
More
information about the offering is available at www.zionoil.com. A copy of
the prospectus can be obtained on request, by calling toll free
1-888-TX1-ZION (1-888-891-9466) 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
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