DALLAS and CAESAREA, Israel, July 9, 2013 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) reported today that the Israeli Petroleum Commissioner has awarded the company a one-year extension on its Asher-Menashe petroleum exploration license in Northern Israel.
ANNUAL SHAREHOLDER MEETINGZion held its Annual Shareholder Meeting on June 11, 2013 in Dallas, Texas, with a great turnout of shareholders and supporters. Shareholders voted to elect/retain the following members of our Board of Directors: Mr. Robert Render, Mr. Justin Furnace, and Mr. Gene Scammahorn. Shareholders also ratified the appointment of Malone Bailey, LLP, as Zion's independent registered public accounting firm for 2013. Zion's common stock trades on the NASDAQ Global Market under the symbol "ZN". Zion Oil & Gas, a Delaware corporation, explores for oil and gas onshore in Israel. It currently holds three petroleum exploration licenses: the Joseph License (on approximately 83,000 acres) and the Asher-Menashe License (on approximately 79,000 acres), both between Netanya in the south and Haifa in the north, and the Jordan Valley License (on approximately 56,000 acres), just south of the Sea of Galilee. Not including the proposed new license area of approximately 98,000 acres, Zion's total license area currently amounts to approximately 218,000 acres. FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion's planned operations, plans to apply for new exploration licenses and the likelihood of being awarded these licenses, 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. 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. Zion's homepage may be found at: http://www.zionoil.com
CONTACT: Zion Oil & Gas, Inc. Brittany Russell, 214-221-4610 firstname.lastname@example.org