Zion Oil & Gas, Inc. is a development stage oil and gas exploration company with oil and gas exploration in Israel. The Company holds three petroleum exploration licenses, all onshore Israel, consisted of the Megiddo-Jezreel License, the Asher-Menashe License, and the Jordan Valley License. The Megiddo-Jezreel Petroleum License covers an area of approximately 98,842 acres of onshore land south and west of Zion’s existing Jordan Valley License. The Asher-Menashe License covers an area of approximately 78,834 acres located on the Israeli coastal plain and the Mount Carmel range between Caesarea in the south and Haifa in the north. The Jordan Valley License covers an area of approximately 55,845 acres just south of the Sea of Galilee in the Jordan Valley area. Zion’s total license area amounts to approximately 233,521 acres. As of December 31, 2013, the Company had drilled four exploratory wells. As of December 31, 2013, the Company had no revenues from its oil and gas operations.