Company: ZNOG
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001437749-25-010980
Chunk: 1

Company: ZION OIL & GAS INC
Filing Date: 2025-04-04
Form: 8-K
Item: Item 5.02
Chunk 1
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 he oversaw the start-up and development of seismic crews in Turkey and Poland having completed numerous 2D and 3D projects. He also spent time in Iraq, eastern Europe, and western Africa fulfilling multiple operational roles within Viking’s integrated service line including building and implementing management systems for operations, safety, and quality control.

In connection with his promotion to Chief Operating Officer, he will be under an Employment Agreement. Dated April 2, 2025, Mr. Kness’s Employment Agreementprovides a salary at the annual rate of U. S. $220,000 as well as other employee benefits and grants to Employee fully vested options to purchase 25,000 shares of common stock at a per share exercise price of fair market value on the 5thday of January of each successive renewal term.

Mr. Croswell and Mr. Kness are not parties to any other material plan, contract or arrangement with the Company, nor has any other material plan, contract or arrangement to which they are a party been modified as a result of their respective promotions described above. In addition, Mr. Croswell and Mr. Kness do not have any familial relationships or related party transactions with the Company that would require disclosure under Items 401(d) or 404(a) of Regulation S-K (17 CFR 229.401(d) and 229.404 (a)) in connection with their promotions described above.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.

  Date: April 4, 2025                                  
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  Zion Oil and Gas, Inc.                               
  By:                         /s/ Robert Dunn          
                              Robert Dunn              
                              Chief Executive Officer