Zion Oil & Gas, Inc. (ZN) is a US-based oil and gas exploration and production company that operates primarily in Israel. The company's focus is on exploring for oil and gas in the Levant Basin, which includes both onshore and offshore areas of Israel, as well as parts of Lebanon and Syria.
Zion Oil & Gas was founded in 2000 and is headquartered in Dallas, Texas. The company has conducted several exploratory drilling projects in Israel since 2005, and in 2018, it began drilling a deep exploratory well in the Megiddo-Jezreel License area of northern Israel.
Zion Oil & Gas has faced some challenges in its operations, including delays and setbacks in its drilling projects and ongoing financial difficulties. As of February 2023, the company is still an active publicly traded company listed on the NASDAQ stock exchange under the ticker symbol ZN, but its stock price has experienced significant volatility over the years, reflecting the challenges and uncertainties of its operations in Israel.
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