# EDGAR Filing Document

**Accession Number:** 0001131312
**File Stem:** 0001213900-23-013248
**Filing Date:** 2023-2
**Character Count:** 3818
**Document Hash:** 1beb8cdb4d1b20e4f85f67c427b83e06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-013248.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001213900-23-013248

**CONFORMED SUBMISSION TYPE**: 424B5

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZION OIL & GAS INC
- **CENTRAL INDEX KEY:** 0001131312
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL AND GAS FIELD EXPLORATION SERVICES [1382]
- **IRS NUMBER:** 200065053
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B5
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-261452
- **FILM NUMBER:** 23647828

**BUSINESS ADDRESS:**
- **STREET 1:** 12655 NORTH CENTRAL EXPRESSWAY
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75243
- **BUSINESS PHONE:** 2142214610

**MAIL ADDRESS:**
- **STREET 1:** 12655 NORTH CENTRAL EXPRESSWAY
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75243

Amendment No. 1 to Prospectus<br> Supplement dated December 15, 2021<br> (to Prospectus dated December 1, 2021) Filed pursuant to Rule 424(b)(5)<br> File No. 333-261452

**ZION OIL & GAS, INC.**

This Amendment No. 1 to the Prospectus Supplement amends the Prospectus Supplement dated December 15, 2021 ("Original Prospectus Supplement"). This Amendment No. 1 to the Original Prospectus Supplement should be read in conjunction with the Original Prospectus Supplement and the base Prospectus effective December 1, 2021. This Amendment No. 1 is incorporated by reference into the Original Prospectus Supplement. This Amendment No. 1 is not complete without, and may not be delivered or utilized except in connection with, the Original Prospectus Supplement, including any amendments or supplements thereto.

**Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if the prospectus or any prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.**

*Dividend Reinvestment and Common Stock Purchase Plan (the "Plan")*

Our Plan under the section *Obtaining Certificates and Transferring or Selling Shares* on page S-7 of the Prospectus Supplement reads as follows:

*On receipt of a request to sell some of or all the Plan shares, the Plan Agent will sell the shares on the open market no later than three business days after receipt of the request and will send the proceeds less a service charge of $5 and applicable brokerage commissions of only $0.03 per share sold (e.g., if 100 shares sold, commission is $3.00).*

On February 21, 2023, an Amendment to the *Transfer Agency and Registrar Services Agreement* was executed between Zion Oil & Gas, Inc. and the American Stock Transfer & Trust Company, LLC, the Plan Agent, to change the Out-of-Pocket Pricing from the Sales of Shares at $5.00 per sale and $0.03 per share to Sales of Shares at $5.00 per sale and $0.02 per share with an effective date of February 21, 2023. The section *Obtaining Certificates and Transferring or Selling Shares* on page S-7 of the Prospectus Supplement shall read as follow:

*On receipt of a request to sell some of or all the Plan shares, the Plan Agent will sell the shares on the open market no later than three business days after receipt of the request and will send the proceeds less a service charge of $5 and applicable brokerage commissions of only $0.02 per share sold (e.g., if 100 shares sold, commission is $2).*

Accordingly, all references in the Original Prospectus Supplement continue, except the details under this Amendment No. 1. All other Plan features, conditions and terms remain unchanged.

The date of this Amendment No. 1 to the Prospectus Supplement is February 21, 2023