Unassociated Document
Filed
pursuant to Rule 433
Registration
Statement No. 333-160871
Zion Oil
& Gas Newsletter
September
4, 2009
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dear
Shareholder and/or Friend of Zion...
Left to
Right: Glen Perry (President and COO), Emma Rinberg (Wife of CEO), Sandra Green
(CFO), Richard Rinberg (CEO), John Brown (Founder and Chairman of the Board),
David Aboudi (Zion's Outside Counsel).
This
week's update will be shorter than normal as, this past week, Zion's Founder and
Chairman of the Board, John Brown, Chief Executive Officer, Richard Rinberg,
President and Chief Operating Officer, Glen Perry and Chief Financial Officer,
Sandra Green, were all in New York City, in order to ring the opening bell at
the NASDAQ market site in Times Square, as Zion switched the listing of its
stock and warrants to NASDAQ.
On
September 2, 2009, Zion participated in NASDAQ's opening bell-ringing ceremony,
at which Zion began to be traded on NASDAQ’s Global Market. You can watch a
video of the ceremony on Zion's website, or by clicking the link
here:
http://mktvideo.nasdaq.com/MarketSiteOpenCloseVideos/200909/mo_090209.wmv
Zion's
common stock continues to trade on NASDAQ under the symbol
ZN. However, please note that Zion's warrants now trade under a new
symbol, ZNWAW.
As a
result of the switch to NASDAQ, Fox Business News invited John Brown for an
interview (broadcast live on Thursday morning, September 3rd). Fox Business
Network is a US Cable News and satellite news channel (owned by Rupert Murdoch's
News Corporation). The network discusses business and financial news and
currently is available to more than 30 million residents in the
U.S.
You can
watch the interview here:
http://www.foxbusiness.com/search-results/m/26162491/oil-exploration-in-the-holy-land.htm
Drilling
Operations on the Ma'anit-Rehoboth #2 Well
Information
has begun to arrive from the analysis of the logging procedures carried out on
the Ma'anit-Rehoboth #2 well and has caused some debate among our geologists.
The geology at the (current) bottom of our well is not quite what was expected.
Of course, with exploration, the unexpected is to be expected.
In light
of the new data received, Zion's geologists have been busy with their own
analysis and have been updating our scientific database. As always, scientific
analysis can take some time, but it is better to allow for proper consideration
of the data, so that we can drill on and test the Permian geological layer,
which was and still is, the main objective of this well.
In any
event, this week, a cement plug was set at the bottom of the hole, in order to
'sidetrack' the hole, i.e. drill at an angle, in order to go around any
remaining junk in the hole (caused by the previous failure of a drill bit). By
giving up a few meters of the hole we have protected the drilling operation from
further complications due to any unrecovered pieces of metal interfering with
the drill bit.
Late this
past week, we started in the well to continue drilling towards 'the deep that
lies beneath' (Deut 33:13) and are watching carefully and with no small
fascination to see what transpires.
Operations
on the site of the proposed Elijah #3 Well
This past
week we continued with site preparation work (especially compacting the site to
ensure rig stability) and are progressing on schedule. We believe that, at the
appropriate time, we will be able to move from the Ma'anit-Rehoboth #2 well to
the site of the Elijah #3 well in a satisfactory and smooth manner.
(New)
Rights Offering
On
Wednesday, July 29, 2009, Zion filed a registration statement with the
Securities and Exchange Commission (SEC) with respect to a proposed Rights
Offering to its common stockholders.
The
registration statement is currently under review by the SEC.
"In your
good pleasure, make Zion prosper..."
Psalm
51:18
Thank you
for your support of Zion
Shalom
from Israel
Richard
Rinberg
CEO of
Zion Oil & Gas, Inc.
FORWARD LOOKING
STATEMENTS: Statements in this communication that are not historical fact,
including statements regarding Zion's planned operations, geophysical
and geological data and interpretation, anticipated attributes of
geological strata being drilled, drilling efforts and locations,
timing and potential results thereof and plans contingent thereon and
rights offering 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.
NOTICE
Zion Oil
& Gas, Inc. has filed a registration statement (including a
prospectus) with the SEC for the 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
).
Contact
Information
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
More
information about Zion is available at www.zionoil.com 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