"From its inception, the calling of Zion Oil & Gas has been to assist Israel in the restoration of the Land by finding and producing oil and gas -- helping to make the People of Israel politically and economically independent."

Zion Oil & Gas, Inc. was founded by John M. Brown in April 2000 for the purpose of exploring for oil and gas in Israel and reaching production levels that would help Israel become an energy independent country. The company's founding was the culmination of a 14 year process of laying the groundwork for an oil company that began during Brown's inspirational visit to Israel in 1985. Zion Oil & Gas was reincorporated in Delaware on July 9, 2003. Our certificate of incorporation provides for the authorization of 20,000,000 shares of common stock, par value $.01 per share. As of September 30, 2007, our issued and outstanding capital securities consist of 10,120,893 shares of common stock, and options and warrants to acquire 444,580 shares of common stock. We currently have more than 6000 shareholders.

Following the initial closing of our Initial Public Offering on December 29, 2007, our common stock was listed for trading on the American Stock Exchange with the trading symbol ZN. Our IPO remained open through May 26, 2007 when it was terminated following the sale of 1,806,335 shares of our common stock at $7.00 per share. Officers of Zion rang the bell at the American Stock Exchange on January 3, 2007, the first trading day in 2007.