Here are the 10-K annual reports from Zion Oil & Gas Inc WTS (ZNOGW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ZNOGW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZNOGW filings page.
Zion Oil & Gas, Inc. filed its annual report describing an early-stage oil and gas explorer focused on onshore Israel with no revenues or operating income. The company reported net losses of $7,627,000 in 2025 and $7,343,000 in 2024 and its auditors raised substantial doubt about its ability to continue as a going concern.
Zion holds the New Megiddo Valleys License 434, valid through September 13, 2026 with potential extensions, and is concentrating work on the MJ-01 and MJ-02 wells using its I-35 rig. Exploration spending in 2025 totaled $7,134,000, mainly for drilling and related operations.
The company highlights significant geopolitical and regulatory risks tied to multiple regional wars, new Israeli environmental and licensing rules, and dependence on external capital. It raised $21,479,000 in 2025 and $16,257,000 in 2024 via its stock purchase plan, with a large share from a very small number of participants, and had 1,179,449,952 shares outstanding as of March 13, 2026.