Zion Oil and Gas, Inc. (Zion Oil) is an initial stage oil and gas exploration company with oil and gas exploration in Israel. It holds two exploration licenses covering approximately 162,100 acres onshore in the State of Israel between Netanya in the south and Haifa in the north. Its exploration license areas consist of the Asher-Menashe License, covering an area of 78,824 acres located on the Israeli coastal plain and the Mt. Carmel range between Caesarea in the south and Haifa in the north, and the Joseph License, covering an area of 83,272 acres located on the Israeli coastal plain south of the Asher-Menashe License between Caesarea in the north and Netanya in the south. As of December 31, 2009, the Company had no revenues