DALLAS and CAESAREA, Israel, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (NASDAQ:ZN) announces its new Unit Option program under its Dividend Reinvestment and Common Stock Purchase Plan (DSPP).
October 24, 2016 - Drilling of 3 shallow boreholes at the pad
"We are excited to launch this new Unit Option Program, which if successful, will enable us to begin drilling our long anticipated Megiddo-Jezreel #1 well," says Victor G. Carrillo, Zion's CEO. "This simple and streamlined process enables potential investors to quickly and easily play a part in Zion's mission for Israel's energy independence." Zion Oil & Gas described how past investors expressed how simple it can be to purchase stock on their website. "Very easy," expressed Heather, an investor from Elmira Heights, New York. "So grateful for another opportunity to invest in Israel's future." An investor from Birmingham, Alabama, said, "It was a very simple process. I completed it on my smart phone." Just this week, a commentor said, "Love the easy-invest website you make available for those who wish to contribute. I also would like to praise your team at the Dallas location. Every time I call for a question or two... or three, they've been so helpful in so many ways." Zion has seen how similar programs over the last few years have brought in thousands of new investors without them having to use a broker or other online financial institution. "We are excited to offer this Stock Option Unit Program to those investors who believe in supporting Israel and the vision of Zion Oil & Gas. We believe that Zion's ability to offer investment opportunities, such as this Unit Option program, in ways that appeal to our investment community helps investors who are excited about participating in our project," said Martin M. van Brauman, Zion's Senior Vice President and Corporate Treasurer.