2 July 2012securities registration● Neutral
ZION OIL & GAS INC filed a free-writing prospectus - marketing material for an offering in progress.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 July 2012securities registration● Neutral
ZION OIL & GAS INC filed a free-writing prospectus - marketing material for an offering in progress.
2 July 2012securities registration● Neutral
ZION OIL & GAS INC filed a free-writing prospectus - marketing material for an offering in progress.
18 June 2012agm notice● Neutral
ZION OIL & GAS INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
18 June 2012director interest notice● Neutral
ZION OIL & GAS INC director Justin Wayne Furnace received a stock option grant for 25,000 shares.
7 June 2012securities registration● Neutral
Zion temporarily cut the exercise price of its ZNWAW unit warrants from $7.00 to $1.75 from June 7 through August 15, 2012. The price reverts to $7.00 afterward through the December 31, 2012 expiry.
7 June 2012material agreement● NeutralMajor
Zion signed a non-binding memorandum of understanding with Lapidoth Israel Oil Prospectors to form a 50/50 drilling company to buy an onshore rig (up to 25,000 feet depth) costing up to $15 million. It depends on Zion raising at least $10 million within 12 months and on definitive agreements; Zion also gave Lapidoth a right of first refusal to drill its Israeli exploratory wells through June 4, 2013. This follows the warrant price cut announced the day before, which cited funding for this drilling company.
7 June 2012securities registration● Neutral
Zion temporarily cut the exercise price of its ZNWAL warrants from $3.50 to $1.75 from June 7 through August 15, 2012, when the warrants were scheduled to expire.
7 June 2012securities registration● Neutral
Zion temporarily cut the exercise price of its ZNWAZ warrants from $4.00 to $1.75 from June 7 until August 15, 2012. The price reverts to $4.00 afterward through the December 31, 2012 expiry.
6 June 2012material agreement● NeutralMajor
Zion temporarily cut the exercise price of its three publicly traded warrant series (ZNWAL, ZNWAW, ZNWAZ) to $1.75 through August 15, 2012, down from $3.50, $7.00 and $4.00. Management said it wants to raise capital for its drilling program and a planned drilling company; ZNWAL warrants expire on August 15, and the other two return to original prices until December 31, 2012. New shares would be issued on exercise, which would dilute existing holders (inference).
5 June 2012agm notice● Neutral
Zion told shareholders it had signed an MoU with Lapidoth to set up a 50/50 drilling company to buy a rig costing up to $15 million. It also reminded them to vote at the June 12, 2012 annual meeting.
3 May 2012quarterly activities report▼ Bad
ZION OIL & GAS INC reported a quarterly net loss of $2.7 million for the period ended 2012-03-31.
2 May 2012agm notice● Neutral
Zion sent shareholders a newsletter saying it was gathering more seismic and other data before choosing its next well, with drilling unlikely before Q1 2013. It also said the Asher-Menashe license was extended to June 9, 2013 and the annual meeting would be held June 12 in Caesarea.
26 Apr 2012material agreement▼ Bad
The Petroleum Commissioner amended the Jordan Valley license deadlines: Zion now must do the new seismic survey and submit a summary by May 12, 2012 and a processing report by June 12, 2012. The original deadlines were January 13 and April 13, 2012; the filing says they were missed because seismic equipment was temporarily unavailable.
26 Apr 2012director interest notice● Neutral
Justin Wayne Furnace became a ZION OIL & GAS INC director and company insider (initial ownership filing).
4 Apr 2012director interest notice● Neutral
ZION OIL & GAS INC Chief Financial Officer Ilan N Sheena exercised stock options for 1,875 shares and disposed of 1,875 shares.
3 Apr 2012director interest notice● Neutral
ZION OIL & GAS INC Executive Chairman/Founder John M Brown received a stock option grant for 20,000 shares.
3 Apr 2012director interest notice● Neutral
ZION OIL & GAS INC Chief Executive Officer Richard Rinberg exercised stock options for 10,000 shares and disposed of 10,000 shares.
17 Jan 2012director interest notice● Neutral
ZION OIL & GAS INC Chief Financial Officer Ilan N Sheena exercised stock options for 1,875 shares and disposed of 1,875 shares.
17 Jan 2012director interest notice● Neutral
ZION OIL & GAS INC Chief Executive Officer Richard Rinberg exercised stock options for 10,000 shares and disposed of 10,000 shares.
11 Jan 2012director interest notice● Neutral
ZION OIL & GAS INC Chief Executive Officer Richard Rinberg received a stock option grant for 40,000 shares.
23 Dec 2011securities registration● Neutral
Zion filed a prospectus supplement extending the exercise period of its ZNWAW Unit Warrants to December 31, 2012. The warrants' other terms were unchanged.
23 Dec 2011material agreement● Neutral
Zion extended the expiry of its ZNWAW warrants from January 31, 2012 to December 31, 2012, with all other terms unchanged. This gives warrant holders an extra eleven months to exercise.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC director Forrest Garb received a stock option grant for 50,000 shares.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC Chief Executive Officer Richard Rinberg received a stock option grant for 400,000 shares.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC director Yehezkel Druckman received a stock option grant for 50,000 shares.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC President & COO Victor G Carrillo received a stock option grant for 200,000 shares.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC director Marc H Singer received a stock option grant for 50,000 shares.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC director Julian D. Taylor received a stock option grant for 50,000 shares.
7 Dec 2011director interest notice● Neutral
ZION OIL & GAS INC director Robert E Render received a stock option grant for 50,000 shares.