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Zion Oil & Gas (ZNOG) begins MJ-02 sidetrack ops, recommissions JB-1 rig

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Zion Oil & Gas, Inc. filed a report describing operational progress on its Megiddo-Jezreel #2 well in Israel. The company has re-entered the well, is drilling out a temporary plug, and plans to proceed with a horizontal sidetrack phase under its approved work plan.

The company reports that its drilling rig has been recertified and recommissioned in line with regulatory requirements and renamed JB-1 in honor of founder John Brown. Zion emphasizes its continued focus on safe operations, regulatory compliance, and its ongoing mission to explore for oil and gas onshore Israel under Megiddo Valleys License 434.

Positive

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Negative

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
License acreage 75,000 acres Megiddo Valleys License 434 onshore Israel
License identifier License 434 Megiddo Valleys exploration area
Well identifier Megiddo-Jezreel #2 Well undergoing sidetrack operations
sidetrack technical
"field operations have commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well"
horizontal sidetrack drilling technical
"proceed with the planned horizontal sidetrack drilling"
Megiddo Valleys License 434 financial
"onshore Israel under its Megiddo Valleys License 434 which covers approximately 75,000 acres"
forward-looking statements regulatory
"are forward-looking statements as defined in the “Safe Harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"as defined in the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995"

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FAQ

What operational update did Zion Oil & Gas (ZNOG) report in this 8-K?
Zion Oil & Gas reported that field operations have begun for the sidetrack phase of the Megiddo-Jezreel #2 well. The company has re-entered the well, is drilling out a temporary plug, and plans to continue with horizontal sidetrack drilling under its approved work plan.

Where is Zion Oil & Gas (ZNOG) conducting its current drilling operations?
Zion Oil & Gas is conducting operations onshore Israel under its Megiddo Valleys License 434. This license covers approximately 75,000 acres in the Megiddo-Jezreel area, where the Megiddo-Jezreel #2 well and its planned sidetrack phase are located.

What did Zion Oil & Gas say about its drilling rig in the June 10, 2026 update?
Zion stated that its drilling rig has been recertified and recommissioned in accordance with regulatory requirements. The rig has also been officially renamed JB-1 in honor of founder John Brown, reflecting both compliance and a symbolic tribute as this operational phase begins.

How did Zion Oil & Gas describe the status of the Megiddo-Jezreel #2 sidetrack work?
Zion explained that the next phase of work is underway, with the well safely re-entered and the temporary plug being drilled out. The team plans to condition the wellbore and then proceed to horizontal sidetrack drilling as part of the approved operational plan.

What risks and uncertainties did Zion Oil & Gas highlight in its forward-looking statements?
Zion highlighted risks such as operational disruptions, regulatory approvals, availability of equipment and crews, the ability to discover commercial quantities of hydrocarbons, going-concern risks, and uncertainties linked to conflicts involving Israel. These factors may cause actual results to differ from forward-looking statements.

What is Zion Oil & Gas’s stated mission in Israel according to this filing?
The company reiterates its mission of exploring for oil and gas onshore in Israel under Megiddo Valleys License 434. Zion emphasizes diligence, prudence, faith, and adherence to its approved work plan while it advances the Megiddo-Jezreel #2 sidetrack operations and related activities.
false 0001131312 0001131312 2026-06-10 2026-06-10
 
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
 
June 10, 2026
Date of Report (Date of earliest event reported)
 
Zion Oil & Gas, Inc.
(Exact name of registrant as specified in its charter)
 
Texas
(State or other jurisdiction of incorporation)
 
001-33228
  
20-0065053
(Commission File Number)
  
(IRS Employer Identification No.)
 
12222 Merit Drive, Suite 1450, Dallas, TX 75251
(Address of Principal Executive Offices) (Zip Code)
 
Registrant’s telephone number, including area code: 214-221-4610
 
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:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
Securities registered pursuant to Section 12(b) of the Act: 
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
         
 
 
 
 
Item 8.01
Other Events.
 
Zion Oil and Gas, Inc., a Texas corporation, which has an active petroleum exploration operation onshore Israel under its Megiddo Valleys License 434 of approximately 75,000 acres in the Megiddo-Jezreel area, announces that field operations have commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. Zion has re-entered the well and is currently in the process of drilling out the temporary plug. Following this step, the team will condition the wellbore downhole and proceed with the planned horizontal sidetrack drilling.
 
Zion Oil & Gas Chairman/CEO, Robert Dunn said that. “Our team has safely re-entered the well, and we are moving carefully through the required steps that prepare us for the planned sidetrack drilling. We remain focused on executing the approved work plan safely, efficiently, and with gratitude for the opportunity before us.” Zion is also pleased to report that its drilling rig has been re-certified and recommissioned in accordance with regulatory requirements, and as a fitting tribute, the rig has officially been renamed JB-1 in honor of Zion’s Founder, John Brown. John’s vision, faith, and perseverance established Zion’s mission of exploring for oil and gas onshore in Israel, and the Company is grateful to honor his legacy as this important phase of operations begins.
 
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits
 
99.1 – Press release dated June 10, 2026
 
104 – Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
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.
 
 
 
Zion Oil and Gas, Inc.
  
     
       
Date: June 10, 2026
By:
/s/ Robert Dunn
  
   
Robert Dunn
  
   
Chief Executive Officer
  
 
 

Exhibit 99.1

 

Zion Oil & Gas, Inc. Announces Commencement of MJ-02 Sidetrack Operations

 

Company’s drilling rig recommissioned and renamed “JB-1” in honor of Zion Founder John Brown

 

 

DALLAS, Texas, and CAESAREA, Israel, June 10, 2026

 

Zion Oil & Gas, Inc. (OTC: ZNOG) is pleased to announce that field operations have commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel.

 

As expected, Zion has re-entered the well and is currently in the process of drilling out the temporary plug. Following this step, the team will condition the wellbore downhole and proceed with the planned horizontal sidetrack drilling.

 

“We are thankful to report that this next phase of work is now underway,” said Zion Oil & Gas Chairman/CEO Robert Dunn. “Our team has safely re-entered the well, and we are moving carefully through the required steps that prepare us for the planned sidetrack drilling. We remain focused on executing the approved work plan safely, efficiently, and with gratitude for the opportunity before us.”

 

Zion is also pleased to report that its drilling rig has been recertified and recommissioned in accordance with regulatory requirements, and in a fitting tribute, the rig has officially been renamed JB-1 in honor of Zion’s Founder, John Brown. John’s vision, faith, and perseverance established Zion’s mission of exploring for oil and gas onshore in Israel, and the Company is grateful to honor his legacy as this important phase of operations begins.

 

“Our crew, operations team, and all involved are excited to see this work moving forward,” Dunn added. “We deeply appreciate the continued prayers and encouragement of our shareholders and supporters around the world.”

 

Zion Oil & Gas remains committed to pursuing its mission in Israel with diligence, prudence, and faith, and looks forward to providing further updates as operations progress.

 

 
 

 

About Zion Oil & Gas, Inc.

 

Zion Oil & Gas, a U.S. public company traded on OTCQB: ZNOG, is dedicated to exploring for oil and gas onshore in Israel under its Megiddo Valleys License 434 which covers approximately 75,000 acres.

 

For more information, visit www.zionoil.com.

 

 

“Blessed of the Lord is his land,
With the precious things of heaven, with the dew,
And the deep lying beneath,
With the precious fruits of the sun,
With the precious produce of the months,
With the best things of the ancient mountains,
With the precious things of the everlasting hills,
With the precious things of the earth and its fullness,
And the favor of Him who dwelt in the bush.
Let the blessing come ‘on the head of Joseph,
And on the crown of the head of him who was separate from his brothers.’”

 

Deuteronomy 33:13–16 (NKJV)

 

 

FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including, but not limited to, statements regarding Zion’s operations or any disruptions thereto and the results therefrom, including timely testing and completion; timely availability, shipment, and receipt of necessary equipment and rig crews; Zion’s ability to discover and produce oil and/or gas in commercial quantities; Zion’s ability to continue as a going concern; operational risks in ongoing exploration efforts including timely resolution of supply and operational disruptions; regulatory approvals, including necessary and timely work visas for crews, needed for exploration within our license and the rig’s operation; the effect of the uncertainties and potential delays associated with wars and skirmishes between Israel, Hamas, and other organizations and/or countries, and liquidity for shareholders on the OTC market 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.

 

 

Media Contact:

Zion Oil & Gas, Inc.

Investor Relations

info@zionoil.com

 

 

Source: View Original Filing on SEC EDGAR

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