Zion Oil & Gas extends unit offering

Zion Oil & Gas Inc.

Zion Oil & Gas Inc. (Nasdaq: ZN), a Delaware corporation that explores for oil and gas onshore in Israel, has extended the expiration date for the unit program under its Dividend Reinvestment and Common Stock Purchase Plan to February 28, 2014. Units may be purchased under the plan at any time prior to 5 p.m. Eastern Daylight time on February 28, 2014.

Thus, the unit option termination date will be February 28, 2014, instead of November 29, 2013. The warrant exercisable date will be on the 31st day after the unit option termination date, or March 31, 2014. The warrants under the unit program are exercisable at any time after March 31, 2014, and prior to 5 p.m. Eastern Daylight time on March 31, 2019.



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