Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 406

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 406
---
 to raise additional capital.
    
   Economically, our operations in Israel  may be subject to:
    
     ●  exchange rate fluctuations between the Israeli shekel versus the US Dollar; 

     ●  any significant changes in oil and gas commodities pricing and hence the cost of oilfield services and drilling equipment; 

     ●  royalty and tax increases and other risks arising out of Israeli state sovereignty over the mineral rights in Israel and its taxing authority; and 

     ●  changes in Israel’s economy that could lead to legislation establishing oil and gas price controls. 

   Consequently, our operations  may be substantially affected by local economic factors beyond our control, any of which could negatively affect our financial performance and prospects.
    
   Legal risks could negatively affect our market value.
    
   Legally, our operations in Israel  may be subject to:
    
     ●  changes in the Petroleum Law resulting in modification of license and permit rights; 

     ●  adoption of new legislation relating to the terms and conditions pursuant to which operations in the energy sector  may be conducted; 

     ●  changes in laws and policies affecting operations of foreign-based companies in Israel; and 

     ●  changes in governmental energy and environmental policies or the personnel administering them. 

   Our dependence on the limited contractors, equipment and professional services available in Israel  may result in increased costs and possibly material delays in our work schedule.

        F-
       46

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 10 - Risks and Uncertainties (cont’d)
    
   The unavailability or high cost of equipment, supplies, other oil field services and personnel could adversely affect our ability to execute our exploration and development plans on a timely basis and within our budget.
    
   Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes  may vary materially from those indicated.
    
   Market risk is a broad term for the risk of economic loss due to adverse changes in the fair value of a financial instrument. These changes  may be the result of various factors, including interest rates, foreign exchange rates, commodity prices and/or equity prices. In the normal course of doing business, we are exposed to the risks associated with foreign currency exchange rates and changes in interest rates.
    
   Foreign Currency Exchange Rate Risks. A portion of our expenses, primarily labor expenses and certain supplier contracts, are denominated