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MARKETS / BALCAO / ZNOG
BALCAO · OIL & GAS FIELD EXPLORATION SERVICES · SMALL CAP

Zion OIL & GAS Inc. ZNOG

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$-7.6M
In brief

What this company does

Zion Oil and Gas, Inc., a Texas corporation, is an oil and gas exploration company with a history of 25 years of oil and gas exploration in Israel. We were incorporated in Florida on April 6, 2000 and reincorporated in Delaware on July 9, 2003. We completed our initial public offering in January 2007. On January 24, 2020, Zion incorporated a wholly owned subsidiary, Zion Drilling, Inc., as a Delaware corporation, for the purpose of owning a drilling rig, related equipment and spare parts, This NMVL 434 effectively supersedes our previous NML 428. On June 10, 2025, we completed flowback operations at our Megiddo-Jezreel #1 well (MJ-01), shut the well in and demobilized our crew.

Written from the business description in Zion Oil & Gas, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
Revenue, FY2025 · full 19-year series below
Revenue $M Net income $M
FY2021 · Revenue 11.3 · Net income -10.7
4M8M-4M-8M2007201020132016201920222025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2021 · Operating -96.6% · Net -95.2%
-50%-100%2007201020132016201920222025
ROE
FY2025 · ROE -21.5%
-100%-200%2007201020132016201920222025

Each USD of equity lost 22 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF -5.1
-4M-8M2007201020132016201920222025

Total assetsUSD 46.3M
EquityUSD 42.4M
CashUSD 8.3M
Gross debtUSD 0.00
Net debtUSD -8.3M
Current ratio5.11×

The company holds more cash than debt.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B····0.00.00.0············
Operating income $B−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0··
EBITDA $B−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0··
Income tax $B0.00.00.0················
Net income $B−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0
Free cash flow $B··−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0··
EPS, diluted $··−0.01−0.12−40.00−0.04−0.08−0.63−0.20−0.21−0.20−0.19−0.27−0.33−1.86−1.25−0.34··
Dividend / sh $···················
Payout %···················
ROE %−21.5−29.1−35.3−136.9−23.2−28.9−72.5−260.5−62.2−103.8−75.9−58.3−58.7−50.5−151.6−61.6−18.1−70.8−225.4
Shares out B1.160.970.640.520.360.240.120.070.060.040.040.040.030.030.030.02···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 67 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 9 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityOil & Gas Field Exploration Services
Listed onOTC market
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2007

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