EX-99.1 2 v182569_ex10-1.htm Unassociated Document
EXHIBIT 10.1

[TRANSLATION FROM HEBREW]

STATE OF ISRAEL


MINISTRY OF NATIONAL INFRASTRUCTURES
LICENSING AUTHORITY NATURAL RESOURCES



22 April 2010

Mr Richard Rinberg
Zion Oil & Gas Inc
15 Bareket Street
P.O. Box 3138

Dear Sir

Re: Extension of Validity of Petroleum License 339/”Maanit- Joseph
      Your letters dated 17 March 2010 - 8 April 2010

In view of your above referred application, I hereby extend the validity of license 339/”Maanit Joseph” for an additional year – namely up to October 10, 2011.

During this period the Company shall execute the following work program:

 
1.
Complete production testing at Ma’anit – Rehoboth #2 drilling and submit a report on the results of the test of the reservoir until October 1, 2010.
 
2.
To drill to the Permian strata (Ma’anit-3) starting drilling no later than January 1, 2011.



Sincerely

Dr. Ya’akov Mimran
Commissioner of Petroleum Affairs