Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 495

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 495
---
 6, 2021, Zion completed its acceptance testing of the I-35 drilling rig and the Holdback Amount was remitted to Central European Drilling on January 8, 2021.

      I-35 

      Rig 

      Other 

      Drilling 

      Spare 

      Drilling 

      Rig 

      Parts 

      Assets 

      Total 

      US$ 

      US$ 

      US$ 

      US$ 

      thousands 

      thousands 

      thousands 

      thousands 

      December 31, 2022 

     5,225

     619

     437

     6,281

      Asset Additions 

     -

     -

     -

     -

      Asset Depreciation 

     (634
     )

     -

     (126
     )

     (760
     )

      Asset Disposals for Self-Consumption 

     -

     (11
     )

     -

     (11
     )

      December 31, 2023 

     4,591

     608

     311

     5,510

      Asset Additions 

     -

     178

     -

     178

      Asset Depreciation 

     (634
     )

     -

     (139
     )

     (773
     )

      Asset Disposals 

     -

     -

     (98
     )

     (98
     )

      Asset Disposals for Self-Consumption 

     -

     (39
     )

     -

     (39
     )

      December 31, 2024 

     3,957

     747

     74

     4,778

Zion’s ability to fully undertake all of these aforementioned activities was subject to its raising the needed capital through the issuance of our securities, and we anticipate we will continue to need to raise funds through the issuance of equity securities (or securities convertible into or exchangeable for equity securities). No assurance can be provided that we will be successful in raising the needed equity on favorable terms (or at all). 

      26

Our executive offices are located at 12655 N Central Expressway, Suite 1000, Dallas, Texas 75243, and our telephone number is (214) 221-4610. Our field office in Israel is located at 9 Halamish Street, North Industrial Park, Caesarea 3088900, and the telephone number is +972-4-623-