Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 237

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9
Chunk 237
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 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-
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        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 in New Israeli Shekels (“NIS”). As a result, we have significant exposure to the risk of fluctuating exchange rates with the U.S. Dollar (“USD”), our primary reporting currency. During the period  January 1, 2024 through  December 31, 2024, the USD has fluctuated by approximately 0.6% against the NIS (the USD has strengthened relative to the NIS). Also, during the period  January 1, 2023 through  December 31, 2023, the USD has fluctuated by approximately 3