things are pressing on to well completion which i

things are pressing on to well completion which i would think is a good sign

ZN has said publicly that they answer to ca 24 Israeli govt ministries

local meetings could be re environmental protections for either a producing well or closure - but not time for closure -things progressing to production testing -local concerns would re production build out and increased road traffic from the well area e.g the gravel and dirt road to well area might have to be improved

April 7, 2022
Update: MJ02 In Israel

Dear Zion Shareholders and Supporters,
Zion continues with progress to production testing for our Megiddo-Jezreel #2 (MJ02) well in Israel. Additionally, the process for evaluation of the well proposed by our geophysical team is actively continuing along with the arrival of technical staff from the United States, Canada, etc. We are eager to complete equipment inspections and run downhole for the final completion phase.

Currently, I’m in Israel along with Monty Kness, our COO, taking part in meetings with the Israeli government and observing our crew at a key stage of our operations. We are looking forward to our supervisory committee meeting with the Israeli government along with local municipalities.

Furthermore, the Zion team wishes to express our appreciation to the many among you that have contacted us regarding the situation in Ukraine and the broader region. None of these tragic developments have impacted our operations or contracted personnel thus far. Please join us in praying for peace.

As always, we give thanks to God and our loyal shareholders and supporters who make our work possible. We will continue to provide material updates when we have relevant information to share with the public.


Sincerely,

Rob Dunn, Zion CEO





Photos taken on Zion Oil & Gas Rig Location on April 5, 2022.
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including, but not limited to, statements regarding Zion’s operations and the results therefrom, including testing and completion; Zion's ability to discover and produce oil in commercial quantities; Zion’s ability to continue as a going concern; operational risks in ongoing exploration efforts; the timing and completion of the processing, interpretation of the results and plans contingent thereon of the 3-D seismic survey; regulatory approvals needed for the rig’s operation; the effect, if any, of the coronavirus pandemic on the timing of the operation of the well, and liquidity for shareholders on OTCQX 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. These risks and uncertainties include, but are not limited to, those described in Item 1A in Zion’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Zion’s filings with the SEC. 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.