Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 999

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 999
---

 Drilling costs, and other operational related costs   6,426   2,538 
 Capitalized salary costs   2,546   2,444 
 Capitalized interest costs   1,418   1,418 
 Legal and seismic costs, license fees and other preparation costs   11,253   10,198 
 Other costs   39   39 
   21,682   16,637 

   Impairment of unproved oil and gas properties comprised as follows: 

       For the year ended  
   December 31,  
   2024    2023  
   US$    US$  
   thousands    thousands  
 Excluded from amortization base:         
 Drilling costs, and other operational related costs   -   75 
 Legal and seismic costs, license fees and other preparation costs   -   60 
   -   135 

   Changes in Unproved oil and gas properties during the years ended  December 31, 2024, and 2023, are as follows: 

       December 31,    December 31,  
   2024    2023  
   US$    US$  
   thousands    thousands  
 Excluded from amortization base:         
 Drilling costs, and other operational related costs   3,888   251 
 Capitalized salary costs   102   102 
 Legal and seismic costs, license fees and other preparation costs   1,055   530 
 Impairment of unproved oil and gas properties   -   (135)
   5,045*  748*

    *  Inclusive of non-cash amounts of approximately $627,000, and $702,000 during the years 2024, and 2023, respectively 

   Please refer to Footnote 1 – Nature of Operations and Going Concern for more information about Zion’s exploration activities.

        F-
       17

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 5 - Accrued Liabilities
    
   Accrued liabilities are comprised as follows:

       December 31,    December 31,  
   2024    2023  
   US$    US$  
   thousands    thousands