Zion Oil and Gas, Inc. (Zion) is an initial 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 Joseph License, the Asher-Menashe License and the Jordan Valley License. The Joseph License covers approximately 83,272 acres on the Israeli coastal plain south of the Asher-Menashe License between Caesarea in the north and Netanya in the south. The Asher-Menashe License covers an area of approximately 78,824 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 approximately 56,000 acres, just south of the Sea of Galilee.