Company: ZNOG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001437749-25-025943
Chunk: 5

Company: ZION OIL & GAS INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part II, Item 1
Chunk 5
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Litigation

From time to time, the Company may be subject to routine litigation, claims or disputes in the ordinary course of business. The Company defends itself vigorously in all such matters. However, we cannot predict the outcome or effect of any of the potential litigation, claims or disputes.

On June 3, 2025, the Company received a notification via summons that it is being sued in the Superior Court of California, County of Los Angeles under the state’s “Trap and Trace” law.  The company has retained counsel in the state of California and this case is ongoing.  No recognition of legal expenses has been made in 2025, but the company has made an immaterial prepayment to our outside legal firm. Our outside counsel in California advises that the California courts are backlogged with similar cases and that a resolution to our case is not expected for months.  However, we believe we have a strong case based on the facts.

ITEM 1A. RISK FACTORS

During the quarter ended June 30, 2025, there were no material changes to the risk factors previously reported in our Annual Report on Form 10-K for the year ended December 31, 2024.

ITEM 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

   ITEM 5. OTHER INFORMATION
    
   None.

      45

      Table of Contents

ITEM 6. EXHIBITS

Exhibit Index:

      31.1 
      
      Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 under the Exchange Act 

      31.2 
      
      Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 under the Exchange Act 

      32.1 
      
      Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished only) 

      32.2 
      
      Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished only) 

      101.INS 
      
      Inline XBRL Instance Document 

      101.SCH 
      
      Inline XB