Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 270

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 270
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 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  
 Drilling provisions   9   - 
 Employees related   285   328 
 Audit and Legal Costs   129   157 
 Other   33   208 
   456   693 

   Note 6 - Stockholders’ Equity
    
   The Company’s shareholders approved the amendment of the Company’s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock, par value $0.01, that the Company is authorized to issue from 800,000,000 shares to 1,200,000,000 shares, effective  June 7, 2023.
    
   A. 2021 Omnibus Incentive Stock Option Plan 
    
   Effective  June 9,