🇮🇱 Zion Oil & Gas Update: January 14, 2026

January 14, 2026

Dear Zion Shareholders and Supporters,

Our rig crew arrived on January 3 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. Over the past week, the team has focused on routine rig repair and maintenance including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead.

Once the rig is serviced and tested, our crew will re-enter MJ-01, complete cleanup of the wellbore, install a seal below the water aquifer zone, and re-establish the mandated water monitoring well as required by the Ministry of Energy and Ministry of Water. Following this work, we will rig down and conduct the mandatory five-year recertification and inspection process to ensure full compliance with the International Association of Drilling Contractors (IADC) and national standards before transitioning to the next stage.

After inspection, we will rig up over MJ-02, plug and abandon the lower sections of that wellbore, set the direction, and begin the planned horizontal drilling operation into the target reservoir zone.

As we begin 2026, we are thankful for the progress to date and for the faith and encouragement of our shareholders. With all our plans, we keep in mind Isaiah 48:17:

"This is what the Lord says - your Redeemer, the Holy One of Israel: 'I am the Lord your God, who teaches you what is best for you, who directs you in the way you should go.'"

For a fuller operational overview please listen to our 32 minute audio conversation I had with Monty Kness (Chief Operations Officer & EVP) and Andrew Summey (VP, Marketing & Investor Relations) here: LISTEN NOW.

Thank you for your ongoing support and prayers for our work in Israel. We remain faith-FULL, diligent, and focused on the path ahead.

Warm regards,
Rob Dunn
CEO
Zion Oil & Gas, Inc.