ZION OIL & GAS Business Summary

Zion Oil & Gas Inc. (ZNOG) is an exploration-stage energy company focused on the discovery and development of hydrocarbon resources onshore Israel, primarily within the 75,000-acre New Megiddo License 434. The company’s business model is pre-revenue, generating capital through equity-based financing, including direct stock purchase programs and "Unit" offerings that bundle common stock with warrants for a dedicated retail investor base. As of February 2026, Zion is executing a critical operational phase involving the recompletion of the Megiddo-Jezreel #1 (MJ-01) well and preparing for horizontal drilling into the target reservoir at MJ-02. The company competes for capital and technical resources with independent exploration and production (E&P) firms such as GeoPark (GPRK), VAALCO Energy (EGY), and HighPeak Energy (HPK). Zion occupies a unique market niche as a faith-based explorer, distinguishing itself through a commitment to biblical principles and a singular geographic focus on the Jezreel Valley, recently graduating to the OTCQX Best Market in February 2026. The leadership team is anchored by Founder and Executive Chairman John M. Brown, who established the firm in 2000 following a career in corporate procurement at GTE Valeron and Magnetek. CEO Robert Dunn, who has led the company since 2020, brings over 26 years of international geophysical experience from previous roles at Viking Services and CGG Veritas. The executive suite is further comprised of President and CFO Michael B. Croswell Jr., a CPA managing the firm’s complex equity structures, and Chief Legal Officer William H. Avery, a Duke University Law alumnus who was appointed to the Board of Directors in January 2026. Technical and regional operations are directed by COO Monty Kness, a veteran of Middle Eastern frontier drilling, and Jeffrey Moskowitz, the Managing Director of the Israeli branch. The board is supported by independent directors including Paul Oroian and Kent Siegel, overseeing a management team with an average tenure exceeding 11 years.