0001144204-13-038795.txt : 20130709 0001144204-13-038795.hdr.sgml : 20130709 20130709171845 ACCESSION NUMBER: 0001144204-13-038795 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130707 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130709 DATE AS OF CHANGE: 20130709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZION OIL & GAS INC CENTRAL INDEX KEY: 0001131312 STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382] IRS NUMBER: 200065053 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33228 FILM NUMBER: 13960291 BUSINESS ADDRESS: STREET 1: 6510 ABRAMS RD STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 2142214610 MAIL ADDRESS: STREET 1: 6510 ABRAMS RD STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75231 8-K 1 v349692_8k.htm FORM 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): July 7, 2013

 

ZION OIL & GAS, INC.

(Exact name of registrant as specified in its charter)

 

 Delaware      001-33228     20-0065053
 (State or other jurisdiction of incorporation)      (Commission File Number)      (IRS Employer  Identification No.)
         

 

6510 Abrams Road, Suite 300, Dallas, TX 75231

(Address of principal executive offices, including Zip Code)

 

214-221-4610

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

Extension of Asher-Menashe Petroleum Exploration License

 

On July 7, 2013, the Israeli Petroleum Commissioner notified Zion Oil & Gas, Inc. (the "Company" or “Zion”) that it was approving the Company’s request for an extension to the scheduled expiration date of the Company’s Asher-Menashe License (Petroleum Exploration License No. 334) to June 9, 2014.

 

Under the terms of the Asher-Menashe License, as extended, the Company is required, among other things, to (i) transfer the rig to the Elijah #3 well (“E-3”) location no later than November 1, 2013; (ii) perform a perforation and stimulation operation at E-3 at the zone within the Jurassic that is suspected to have oil and make a production test (drill stem test); (iii) in case the outcome of the tests is negative, the well is to be abandoned according to the approved plugging and abandonment (“P&A”) plan immediately upon completion of the test; and (vi) within 60 days after P&A, a final and detailed report should be submitted and the license is to be returned.

 

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

Exhibit 99.1 – Petroleum Exploration License No. 334 “Asher-Menashe” License Extension Letter (translation)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.

 

           
Date: July 9, 2013        
         
Zion Oil and Gas, Inc.        
           
           
By: /s/ Victor G. Carrillo        
  Victor G. Carrillo        
  President and Chief Operating Officer        

 

 

 

 

 EX-99.1 2 v349692_ex99-1.htm EXHIBIT 99.1

 

EXHIBIT 99.1

 

ASHER-MENASHE PETROLEUM EXPLORATION LICENSE NO. 334

EXTENSION LETTER (TRANSLATION)

 

 

State of Israel

 

Ministry of Energy and Water

 

Natural Resources Authority

 

Oil and Gas Division

 

7 July 2013

 

Attn:

 

Mr. Victor Carrillo, President

Zion Oil & Gas, Inc.

Bareket 22 P.O.B 3138

Caesarea Industrial Area Park (North)

38900

 

 

Greetings,

 

Subject: Extension of Asher Menashe License/334

 

Reference: Your letter dated 23 May 2013

 

 

In reply to your request I hereby approve the extension of one year until 9 June 2014 the final expiration of the license.

 

During the period of extension "Zion Oil & Gas" need to execute the working plan as follows:

 

1. Transfer the rig to E-3 location, directly after the plugging MR2 and MJ3 – no later than 1 Nov. 2013.

 

2. Perform perforation and stimulation operation at E-3 at the suspected zone within the Jurassic that is suspected to have oil and make a production test by DST. These activities are to take place during the period of extension.

 

3. In case the outcome of the tests will be negative, the well is to be abandoned according to the approved P&A plan immediately upon completion of the test. Within 60 days after P&A, a final and detailed report is to be submitted and the license is to be returned.

 

With Blessings,

 

Alexander Varshavski

 

Petroleum Commissioner