2023 Q1 Form 10-K Financial Statement

#000121390023023118 Filed on March 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $34.00K $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.086M $2.338M $2.146M
YoY Change -2.8% 29.6% -22.33%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $201.0K $195.0K
YoY Change 2.56% 7.49% 8.94%
% of Gross Profit
Operating Expenses $2.086M $2.338M $2.146M
YoY Change -2.8% 29.6% -22.33%
Operating Profit -$2.131M -$2.146M
YoY Change -0.7%
Interest Expense -$6.000K $13.00K -$20.00K
YoY Change -70.0% 550.0% -109.85%
% of Operating Profit
Other Income/Expense, Net -$6.000K
YoY Change
Pretax Income -$2.139M -$47.94M -$2.166M
YoY Change -1.25% 2560.38% -15.39%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.139M -$47.94M -$2.166M
YoY Change -1.25% 2560.38% -15.39%
Net Earnings / Revenue -6291.18%
Basic Earnings Per Share -$4.00 -$5.00
Diluted Earnings Per Share -$4.00 -$0.09 -$5.351K
COMMON SHARES
Basic Shares Outstanding 530.1M shares 514.6M shares 404.8K shares
Diluted Shares Outstanding 531.0M shares 404.8M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $799.0K $1.735M $8.221M
YoY Change -90.28% -62.95% 30.64%
Cash & Equivalents $799.0K $1.735M $8.221M
Short-Term Investments
Other Short-Term Assets $155.0K $483.0K $3.138M
YoY Change -95.06% -21.72% -19.54%
Inventory
Prepaid Expenses
Receivables
Other Receivables $143.0K
Total Short-Term Assets $3.060M $4.607M $14.07M
YoY Change -78.26% -46.68% 17.59%
LONG-TERM ASSETS
Property, Plant & Equipment $102.0K $112.0K $55.26M
YoY Change -99.82% -18.84% 74.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $425.0K $424.0K $553.0K
YoY Change -23.15% -21.63% 19.96%
Total Long-Term Assets $22.80M $22.91M $55.81M
YoY Change -59.15% -58.19% 73.86%
TOTAL ASSETS
Total Short-Term Assets $3.060M $4.607M $14.07M
Total Long-Term Assets $22.80M $22.91M $55.81M
Total Assets $25.86M $27.52M $69.89M
YoY Change -63.0% -56.62% 58.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.017M $2.147M $1.167M
YoY Change 72.84% -22.85% -38.45%
Accrued Expenses $495.0K $1.032M $606.0K
YoY Change -18.32% -42.06% -58.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.208M $3.946M $2.344M
YoY Change 36.86% -26.08% -67.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $473.0K $469.0K $689.0K
YoY Change -31.35% -34.59% -6.51%
Total Long-Term Liabilities $473.0K $469.0K $689.0K
YoY Change -31.35% -34.59% -6.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.208M $3.946M $2.344M
Total Long-Term Liabilities $473.0K $469.0K $689.0K
Total Liabilities $3.681M $4.415M $3.033M
YoY Change 21.36% -27.09% -61.37%
SHAREHOLDERS EQUITY
Retained Earnings -$280.7M -$278.6M
YoY Change 24.64%
Common Stock $302.9M $301.7M
YoY Change 7.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.18M $23.10M $66.85M
YoY Change
Total Liabilities & Shareholders Equity $25.86M $27.52M $69.89M
YoY Change -63.0% -56.62% 58.58%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.139M -$47.94M -$2.166M
YoY Change -1.25% 2560.38% -15.39%
Depreciation, Depletion And Amortization $200.0K $201.0K $195.0K
YoY Change 2.56% 7.49% 8.94%
Cash From Operating Activities -$917.0K -$985.0K -$2.091M
YoY Change -56.15% 6.49% -2.34%
INVESTING ACTIVITIES
Capital Expenditures $27.00K -$134.0K
YoY Change -140.3% 39.58%
Acquisitions
YoY Change
Other Investing Activities -$838.0K -$2.907M -$3.665M
YoY Change -77.14% -58.21% -47.85%
Cash From Investing Activities -$838.0K -$2.934M -$3.799M
YoY Change -77.94% -58.23% -46.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $800.0K 2.660M 9.428M
YoY Change -91.51% -67.03% 230.81%
NET CHANGE
Cash From Operating Activities -$917.0K -985.0K -2.091M
Cash From Investing Activities -$838.0K -2.934M -3.799M
Cash From Financing Activities $800.0K 2.660M 9.428M
Net Change In Cash -$955.0K -1.259M 3.538M
YoY Change -126.99% -1157.98% -155.15%
FREE CASH FLOW
Cash From Operating Activities -$917.0K -$985.0K -$2.091M
Capital Expenditures $27.00K -$134.0K
Free Cash Flow -$917.0K -$1.012M -$1.957M
YoY Change -53.14% 17.95% -4.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 zn Operating Leases Future Minimum Payment Due In Five Years
OperatingLeasesFutureMinimumPaymentDueInFiveYears
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-33228
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-0065053
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
12655 N Central Expressway
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1000
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Dallas
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75243
CY2022 dei City Area Code
CityAreaCode
(214)
CY2022 dei Local Phone Number
LocalPhoneNumber
221-4610
CY2022 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
99493249 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
530138682 shares
CY2022 dei Auditor Name
AuditorName
RBSM LLP
CY2022 dei Auditor Firm
AuditorFirmId
587
CY2022 dei Auditor Location
AuditorLocation
New York, NY
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1735000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4683000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
1379000 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
1269000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
600000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
689000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
483000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
617000 usd
CY2022Q4 zn Governmental Receivables
GovernmentalReceivables
267000 usd
CY2021Q4 zn Governmental Receivables
GovernmentalReceivables
900000 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
143000 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
483000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
4607000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
8641000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
15889000 usd
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
46950000 usd
CY2022 zn Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
1455000 usd
CY2021 zn Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
704000 usd
CY2022Q4 us-gaap Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
6281000 usd
CY2021Q4 us-gaap Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
6834000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
647000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
604000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
112000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
138000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6393000 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6972000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
202000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
327000 usd
CY2022Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
424000 usd
CY2021Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
541000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
424000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
541000 usd
CY2022Q4 us-gaap Assets
Assets
27515000 usd
CY2021Q4 us-gaap Assets
Assets
63431000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2147000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2783000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
196000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
203000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
571000 usd
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
571000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1032000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1781000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3946000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5338000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
169000 usd
CY2022Q4 zn Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
457000 usd
CY2021Q4 zn Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
548000 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
469000 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
717000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
4415000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
6055000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
524231493 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
524231493 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
364322883 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
364322883 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
5242000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
3643000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
296460000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
277258000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-278602000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-223525000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
23100000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
57376000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
27515000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
63431000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6243000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7594000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
45615000 usd
CY2022 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3092000 usd
CY2021 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3287000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-54950000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-10881000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
431000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-93000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-31000 usd
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-34000 usd
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-240000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-55077000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10721000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-55077000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-10721000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-120
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-40.00
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
468639000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277457000 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
35109000 usd
CY2021 zn Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
26219000 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
115000 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
9000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
321000 usd
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3214000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
21000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
3319000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-10721000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
57376000 usd
CY2022 zn Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
19129000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
1668000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-55077000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
23100000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-55077000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-10721000 usd
CY2022 us-gaap Depreciation
Depreciation
794000 usd
CY2021 us-gaap Depreciation
Depreciation
743000 usd
CY2022 zn Adjustment Of Options Granted For Services
AdjustmentOfOptionsGrantedForServices
1651000 usd
CY2021 zn Adjustment Of Options Granted For Services
AdjustmentOfOptionsGrantedForServices
3319000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
190000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
431000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
45615000 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-134000 usd
CY2021 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
20000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-89000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1211000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-633000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1140000 usd
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-340000 usd
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
288000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-143000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-116000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-157000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-138000 usd
CY2022 zn Increase Decrease In Right Of Use Lease Assets
IncreaseDecreaseInRightOfUseLeaseAssets
-261000 usd
CY2021 zn Increase Decrease In Right Of Use Lease Assets
IncreaseDecreaseInRightOfUseLeaseAssets
-239000 usd
CY2022 zn Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
26000 usd
CY2021 zn Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
-52000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
70000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
64000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
60000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-953000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5704000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5813000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46000 usd
CY2022 zn Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
400000 usd
CY2021 zn Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
182000 usd
CY2022 zn Payments To Investment In Unproved Oil And Gas Properties
PaymentsToInvestmentInUnprovedOilAndGasProperties
15850000 usd
CY2021 zn Payments To Investment In Unproved Oil And Gas Properties
PaymentsToInvestmentInUnprovedOilAndGasProperties
28794000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16267000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29022000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
115000 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
19129000 usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
26219000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19133000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26125000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2838000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8710000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5952000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14662000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3114000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5952000 usd
CY2021 zn Convertible Bond Principal Paid In Shares
ConvertibleBondPrincipalPaidInShares
3214000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
2151000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
3666000 usd
CY2022 zn Cost Of Options Capitalized To Oil Gas Properties
CostOfOptionsCapitalizedToOilGasProperties
17000 usd
CY2021 zn Convertible Bond Interest Paid In Shares
ConvertibleBondInterestPaidInShares
321000 usd
CY2021 zn Capitalized Convertible Bond Interest Attributed To Oil And Gas Properties
CapitalizedConvertibleBondInterestAttributedToOilAndGasProperties
104000 usd
CY2021 zn Convertible Shares Related To Senior Convertible Bonds
ConvertibleSharesRelatedToSeniorConvertibleBonds
9000 usd
CY2022 zn Addition Of Right Of Use Lease Asset And Lease Obligation
AdditionOfRightOfUseLeaseAssetAndLeaseObligation
136000 usd
CY2021 zn Addition Of Right Of Use Lease Asset And Lease Obligation
AdditionOfRightOfUseLeaseAssetAndLeaseObligation
128000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1735000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4683000 usd
CY2022Q4 zn Restricted Cash Included In Fixed Shortterm Bank Deposits
RestrictedCashIncludedInFixedShorttermBankDeposits
1379000 usd
CY2021Q4 zn Restricted Cash Included In Fixed Shortterm Bank Deposits
RestrictedCashIncludedInFixedShorttermBankDeposits
1269000 usd
CY2022Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
3114000 usd
CY2021Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
5952000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 - Nature of Operations and Going Concern</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><b>A. Nature of Operations</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion Oil &amp; Gas, Inc., a Delaware corporation (“we,” “our,” “Zion” or the “Company”) is an oil and gas exploration company with a history of 23 years of oil &amp; gas exploration in Israel. As of December 31, 2022, the Company has no revenues from its oil and gas operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion maintains its corporate headquarters in Dallas, Texas. The Company also has branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 24, 2020, Zion incorporated a wholly owned subsidiary, Zion Drilling, Inc., a Delaware corporation, for the purpose of owning a drilling rig, related equipment and spare parts, and on January 31, 2020, Zion incorporated another wholly owned subsidiary, Zion Drilling Services, Inc., a Delaware corporation, to act as the contractor providing such drilling services. When Zion is not using the rig for its own exploration activities, Zion Drilling Services may contract with other operators in Israel to provide drilling services at market rates then in effect.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion has the trademark “ZION DRILLING” filed with the United States Patent and Trademark Office. Zion has the trademark filed with the World Intellectual Property Organization in Geneva, Switzerland, pursuant to the Madrid Agreement and Protocol. In addition, Zion has the trademark filed with the Israeli Trademark Office in Israel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span style="text-decoration:underline">Exploration Rights/Exploration Activities</span></b></span> <span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Megiddo-Jezreel License 401 was awarded on December 3, 2013 for a three-year primary term through December 2, 2016 with the possibility of additional one-year extensions up to a maximum of seven years or December 3, 2020.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Megiddo Jezreel #1 (“MJ #1”) exploratory well was spud on June 5, 2017 and drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet). Thereafter, the Company successfully cased and cemented the well while awaiting the approval of the testing protocol. The Ministry of Energy approved the well testing protocol on April 29, 2018.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the fourth quarter of 2018, the Company testing protocol was concluded at the MJ #1 well. The test results confirmed that the MJ #1 well did not contain hydrocarbons in commercial quantities in the zones tested. As a result, in the year ended December 31, 2018, the Company recorded a non-cash impairment charge to its unproved oil and gas properties of $30,906,000. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 - Nature of Operations and Going Concern </b>(cont’d)</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Megiddo License 428 (“NML 428”) (covering the same area as MJL 401) was awarded on December 3, 2020 for a six-month term with the possibility of an additional six-month extension. On April 29, 2021, Zion submitted a request to the Ministry of Energy for a six-month extension to December 2, 2021. On May 30, 2021, the Ministry of Energy approved our request for extension to December 2, 2021. On November 29, 2021, the Ministry of Energy approved our request for extension to August 1, 2022. On July 25, 2022, Zion submitted a request to the Ministry of Energy for a six-month extension to February 1, 2023. On July 31, 2022, the Ministry of Energy approved our request for extension to February 1, 2023. This license effectively replaced the Megiddo-Jezreel License 401 as it has the same area and coordinates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The MJ-02 drilling plan had been approved by the Ministry of Energy on July 29, 2020. On January 6, 2021, Zion officially spudded its MJ-02 exploratory well. On November 23, 2021, Zion announced via a press release that it completed drilling the MJ-02 well to a total depth of 5,531 meters (~18,141 feet) with a 6 inch open hole at that depth.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A full set of detailed and comprehensive tests including neutron-density, sonic, gamma, and resistivity logs were acquired in December 2021, as a result of which we identified encouraging zones of interest.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the third quarter of 2022, Zion perforated and stimulated two deep zones.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 3, 2022, Zion sent a database email update to its supporters announcing the following: (1) We are encouraged by the results of our recent testing operations, especially the lower zone (approximately 20 meters in thickness), which is our primary zone of interest, (2) We are currently facing a downhole obstacle in the form of heavy water influx from the upper zone inhibiting the potential flow of hydrocarbons from the lower zone and (3) After consultation with outside experts, we planned to isolate and neutralize the heavy water influx by procuring a 4.5” packer and installing it below the heavy water zone and above our primary zone.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion suspended its operations at the MJ-02 pad site during October 2022 due to several Jewish holidays during the month. Beginning in early November 2022, Zion resumed its testing operations after procuring the necessary equipment and personnel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the fourth quarter of 2022, the Company testing protocol was concluded at the MJ-02 well. The test results confirmed that the MJ-02 well did not contain hydrocarbons in commercial quantities in the zones tested. As a result, in the year ended December 31, 2022, the Company recorded a non-cash impairment charge to its unproved oil and gas properties of $45,615,000. During the year ended December 31, 2021, the Company did not record any non-cash impairment charge.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On February 1, 2023, the NML 428 License expired, but Zion applied for a replacement license prior to such expiration. We continue our exploration focus here based on our studies as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential</span> <span style="font-family: Times New Roman, Times, Serif">.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">See more information about our exploration activities, see Item 1.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Zion’s Former Asher-Menashe License</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion plugged the exploratory well on its former Asher-Menashe License area, the reserve pit has been evacuated, and during the year 2019, Zion completed the abandonment of this well site in accordance with guidance from the Energy Ministry, Environmental Ministry and local officials (see Note 9C).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Zion’s Former Joseph License</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion has plugged all of its exploratory wells on its former Joseph License area, and the reserve pits have been evacuated, but acknowledges its obligation to complete the abandonment of these well sites in accordance with guidance from the Energy Ministry, Environmental Ministry and local officials (see Note 9C).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Uncertainty Due to Geopolitical Events</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Due to Russia’s invasion of Ukraine, which began in February 2022, and the resulting sanctions and other actions against Russia and Belarus, there has been uncertainty and disruption in the global economy. Although the Russian war against Ukraine did not have a material adverse impact on the Company’s financial results for the year ended December 31, 2022, at this time the Company is unable to fully assess the aggregate impact the Russian war against Ukraine will have on its business due to various uncertainties, which include, but are not limited to, the duration of the war, the war’s effect on the global economy, future energy pricing, its impact to the businesses of the Company’s, and actions that may be taken by governmental authorities related to the war.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>COVID-19 Update</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The continuing COVID-19 global pandemic has caused significant disruption to the economy and financial markets globally, and the full extent of the potential impacts of COVID-19 are not yet known. Circumstances caused by the COVID-19 pandemic are complex, and uncertain. The impact of COVID-19 has not been significant to the Company’s results of operations, financial condition, and liquidity and capital resources. Although no material impairment or other effects have been identified to date, there is substantial uncertainty in the nature and degree of its continued effects over time. That uncertainty affects management’s accounting estimates and assumptions, which could result in greater variability in a variety of areas that depend on these estimates and assumptions as additional events and information become known. The Company will continue to consider the potential impact of the COVID-19 pandemic on its business operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif"><b>B. Going Concern</b></span> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company incurs cash outflows from operations, and all exploration activities and overhead expenses to date have been financed by way of equity or debt financing. The recoverability of the costs incurred to date is uncertain and dependent upon achieving significant commercial production of hydrocarbons. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s ability to continue as a going concern is dependent upon obtaining the necessary financing to undertake further exploration and development activities and ultimately generating profitable operations from its oil and natural gas interests in the future. The Company’s current operations are dependent upon the adequacy of its current assets to meet its current expenditure requirements and the accuracy of management’s estimates of those requirements. Should those estimates be materially incorrect, the Company’s ability to continue as a going concern may be impaired. The consolidated financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. During the year ended December 31, 2022, the Company incurred a net loss of approximately $55.1 million and had an accumulated deficit of approximately $278.6 million. These factors raise substantial doubt about the Company’s ability to continue as a going concern.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To carry out planned operations, the Company must raise additional funds through additional equity and/or debt issuances or through profitable operations. There can be no assurance that this capital or positive operational income will be available to the Company, and if it is not, the Company may be forced to curtail or cease exploration and development activities. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty (see also Note 11).</p>
CY2018 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
30906000 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
45615000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
45615000 usd
CY2022 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
15889000 usd
CY2021 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
46950000 usd
CY2022 zn Depreciation Charged To Expenses
DepreciationChargedToExpenses
794000 usd
CY2021 zn Depreciation Charged To Expenses
DepreciationChargedToExpenses
743000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><b>G. Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of expenses. Such estimates include the valuation of unproved oil and gas properties, deferred tax assets, asset retirement obligations, borrowing rate of interest consideration for leases accounting and legal contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency, and energy markets have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The full extent to which the COVID-19 pandemic may directly or indirectly impact our business, results of operations and financial condition, will depend on future developments that are uncertain, including as a result of new information that may emerge concerning COVID-19 and the actions taken to contain it or treat COVID-19, as well as the economic impact on local, regional, national and international markets. We have made estimates of the impact of COVID-19 within our consolidated financial statements, and although there is currently no major impact, there may be changes to those estimates in future periods. Actual results may differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 zn Recognized Income Tax Positions Measured Percentage
RecognizedIncomeTaxPositionsMeasuredPercentage
0.50 pure
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46038861 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18586557 shares
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
11717000 usd
CY2020Q1 zn Remaining Amount Held In Escrow Deposit
RemainingAmountHeldInEscrowDeposit
250000 usd
CY2020Q1 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
4350000 usd
CY2020Q1 zn Purchase Price Of Drilling Ring
PurchasePriceOfDrillingRing
5600000 usd
CY2020Q1 zn Consumable Inventory
ConsumableInventory
540000 usd
CY2020Q1 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
48000 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q4 zn Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
usd
CY2020Q4 zn Drilling Rig Associatedand Equipment
DrillingRigAssociatedandEquipment
7568000 usd
CY2021 zn Asset Additions
AssetAdditions
216000 usd
CY2021 zn Asset Depreciation
AssetDepreciation
-703000 usd
CY2021 zn Asset Disposals For Self Consumption
AssetDisposalsForSelfConsumption
-247000 usd
CY2021Q4 zn Drilling Rig Associatedand Equipment
DrillingRigAssociatedandEquipment
6834000 usd
CY2022 zn Asset Additions
AssetAdditions
400000 usd
CY2022 zn Asset Depreciation
AssetDepreciation
-751000 usd
CY2022 zn Asset Disposals For Self Consumption
AssetDisposalsForSelfConsumption
-202000 usd
CY2022Q4 zn Drilling Rig Associatedand Equipment
DrillingRigAssociatedandEquipment
6281000 usd
CY2022Q4 zn Provision For Severance Pay
ProvisionForSeverancePay
457000 usd
CY2021Q4 zn Provision For Severance Pay
ProvisionForSeverancePay
548000 usd
CY2022Q4 us-gaap Deposits
Deposits
424000 usd
CY2021Q4 us-gaap Deposits
Deposits
541000 usd
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
27843000 usd
CY2022 zn Capitalized Salary Costs Unproved Properties
CapitalizedSalaryCostsUnprovedProperties
184000 usd
CY2021 zn Capitalized Salary Costs Unproved Properties
CapitalizedSalaryCostsUnprovedProperties
191000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
104000 usd
CY2022 zn Increase Decrease In Legal Costs License Fees And Preparation Costs
IncreaseDecreaseInLegalCostsLicenseFeesAndPreparationCosts
2653000 usd
CY2021 zn Increase Decrease In Legal Costs License Fees And Preparation Costs
IncreaseDecreaseInLegalCostsLicenseFeesAndPreparationCosts
3286000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
45615000 usd
CY2022 zn Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
-31061000 usd
CY2021 zn Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
31424000 usd
CY2022 zn Inclusive Non Cash Amount
InclusiveNonCashAmount
2168000 usd
CY2021 zn Inclusive Non Cash Amount
InclusiveNonCashAmount
3770000 usd
CY2022 zn Options Exercisable Period
OptionsExercisablePeriod
P10Y
CY2022 zn Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePrice
0.48
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
61625387 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
23015115 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
337000 usd
CY2022 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
840000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5
CY2022 zn Warrant Termination Date Description
WarrantTerminationDateDescription
An Amendment No. 2 to the Prospectus Supplement (as described below) was filed on October 12, 2017. Under Amendment No. 2, the Company initiated another unit offering which terminated on December 6, 2017.
CY2022 zn Offering Cost Description
OfferingCostDescription
The unit offering consisted of Units of the Company’s securities where each Unit (priced at $250.00 each) was comprised of (i) two hundred and fifty (250) shares of Common Stock and (ii) Common Stock purchase warrants to purchase an additional fifty (50) shares of Common Stock at a per share exercise price of $2.00. The investor’s Plan account was credited with the number of shares of the Company’s Common Stock and Warrants acquired under the Units purchased. For Plan participants who enrolled into the Unit Program with the purchase of at least one Unit and also enrolled in the separate Automatic Monthly Investments (“AMI”) program at a minimum of $50.00 per month or more, received an additional twenty-five (25) warrants at an exercise price of $2.00 during this Unit Option Program. The twenty-five (25) additional warrants were for enrolling into the AMI program. Existing subscribers to the AMI were entitled to the additional twenty-five (25) warrants once, if they purchased at least one (1) unit during the Unit program. Each warrant affords the participant the opportunity to purchase one share of our Common Stock at a warrant exercise price of $2.00. The warrant is referred to as “ZNWAL.
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7001039 shares
CY2021 zn Warrants Issued
WarrantsIssued
7494181 shares
CY2021 zn Class Of Warrants Exercised
ClassOfWarrantsExercised
-1221855 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
13273365 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
13273365 shares
CY2022 zn Warrants Issued
WarrantsIssued
23428448 shares
CY2022 zn Class Of Warrants Exercised
ClassOfWarrantsExercised
-1467676 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
35234137 shares
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
57521000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
52812000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3612000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3275000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
61133000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
56087000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
57448000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
45908000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3685000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
10179000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
101000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
51000 usd
CY2022Q4 zn Deferred Tax Liabilities Others
DeferredTaxLiabilitiesOthers
-449000 usd
CY2021Q4 zn Deferred Tax Liabilities Others
DeferredTaxLiabilitiesOthers
-449000 usd
CY2022Q4 zn Deferred Tax Liabilities Unproved Oil And Gas Properties
DeferredTaxLiabilitiesUnprovedOilAndGasProperties
-3337000 usd
CY2021Q4 zn Deferred Tax Liabilities Unproved Oil And Gas Properties
DeferredTaxLiabilitiesUnprovedOilAndGasProperties
-9781000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3685000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
10179000 usd
CY2022 zn Operating Loss Carry Forward Expiration Date
OperatingLossCarryForwardExpirationDate
In order to fully realize the deferred tax asset, the Company will need to generate future taxable income of approximately $273,910,024 prior to the expiration of some of the net operating loss carry forwards between 2023 and 2043.
CY2022 zn Future Taxable Income Amount To Use Operating Loss Carryforwards
FutureTaxableIncomeAmountToUseOperatingLossCarryforwards
273910024 usd
CY2022 zn Equity Method Investment Description Of Principal Activities1
EquityMethodInvestmentDescriptionOfPrincipalActivities1
The Company continuously monitors all shareholders that might reach a 5% ownership in the common stock for various purposes, in addition to the I.R.C §382/383 limitation on net operating loss (“NOL”) carry forwards following an ownership change. Sections 382/383 limit the use of corporate NOLs following an ownership change. Section 382(g) defines an ownership change generally as a greater than 50% change in the ownership of stock among certain 5% shareholders over a three-year period. For the tax year 2019, the Company became aware of one individual owning greater than 5%, as evidenced by the filing of a Section 13(G) report with the SEC. However, there have been no changes in stock ownership to trigger sections 382/383. 
CY2022 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
At December 31, 2022, the Company has available federal net operating loss carry forwards of approximately $273,910,024 to reduce future U.S. taxable income.
CY2022 zn Tax Cuts And Jobs Act Of2017 Other Tax Effect Description1
TaxCutsAndJobsActOf2017OtherTaxEffectDescription1
The Tax Cuts and Jobs Act (TCJA) removed the 2-year carryback provision, extended the 20-year carryforward provision out indefinitely, and limited carryforwards to 80% of net income in any future year. Net operating losses originating in tax years beginning prior to Jan. 1, 2018, are still subject to the former carryover rules of 100% of net income and 20 taxable years following the taxable year of loss. I.R.C. §172. 
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
205944000 usd
CY2022 zn Pretax Loss As Reported
PretaxLossAsReported
-55077000 usd
CY2021 zn Pretax Loss As Reported
PretaxLossAsReported
-10709000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-11566000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2249000 usd
CY2021 zn Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
1000 usd
CY2022 zn Income Tax Reconciliation Change In Valuation Allowance
IncomeTaxReconciliationChangeInValuationAllowance
11556000 usd
CY2021 zn Income Tax Reconciliation Change In Valuation Allowance
IncomeTaxReconciliationChangeInValuationAllowance
2248000 usd
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
In accordance with the US tax regulations, the U.S. federal income tax returns remain subject to examination for the years beginning in 2019.
CY2022Q4 zn Capital Leases Future Minimum Payments Executory Cost
CapitalLeasesFutureMinimumPaymentsExecutoryCost
400000 usd
CY2021Q4 zn Capital Leases Future Minimum Payments Executory Cost
CapitalLeasesFutureMinimumPaymentsExecutoryCost
369000 usd
CY2022 zn License Cost
LicenseCost
usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.059 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
200000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12000 usd
CY2022Q4 zn Lessee Operating Lease Liability Payments Due1
LesseeOperatingLeaseLiabilityPaymentsDue1
212000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
208000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
274000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
264000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
285000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
288000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
136000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
128000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
571000 usd
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
571000 usd
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
571000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
571000 usd
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
571000 usd
CY2022 zn Charitable Contribution Percentage To Individual Charity
CharitableContributionPercentageToIndividualCharity
0.03 pure
CY2022 zn Charitable Contribution Percentage To Charities Aggregate
CharitableContributionPercentageToCharitiesAggregate
0.06 pure
CY2022 zn Rent Agreement Description
RentAgreementDescription
the Company and Hartman signed a letter agreement (“Renewal Letter”) whereby the Lease extends from June 1, 2021 through May 31, 2022. The monthly basic rent is to be paid for $10,967.50 and a monthly electricity expense of approximately $1,279.54.
CY2022 zn Operating Leases Rent Expense
OperatingLeasesRentExpense
37800 ils
CY2022 zn Operating Leases Rent Expense
OperatingLeasesRentExpense
10740 usd
CY2018Q3 zn Operating Leases Rent Expense
OperatingLeasesRentExpense
94000 ils
CY2018Q3 zn Operating Leases Rent Expense
OperatingLeasesRentExpense
26800 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
usd
CY2022 zn Schedule Of Future Minimum Lease Payments
ScheduleOfFutureMinimumLeasePayments
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">US$<br/> thousands</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left; text-indent: -9pt; padding-left: 9pt">2023</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">200</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">2024</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-274">-</div></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">2026 and thereafter</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-275">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt; text-indent: -9pt; padding-left: 9pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">212</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 zn Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
200000 usd
CY2022Q4 zn Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
12000 usd
CY2022Q4 zn Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
212000 usd
CY2022Q4 zn Bank Guarantees To Government
BankGuaranteesToGovernment
1278000 usd
CY2022Q4 zn Bank Guarantees To Others
BankGuaranteesToOthers
79000 usd
CY2022Q4 us-gaap Other Commitment
OtherCommitment
1357000 usd
CY2022Q4 zn Cash Cash Equivalents And Shortterm And Longterm Deposits
CashCashEquivalentsAndShorttermAndLongtermDeposits
3114000 usd
CY2022 zn Weighted Average Interest Rate
WeightedAverageInterestRate
0.006 pure
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2166000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2597000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2374000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-47940000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.09
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
404817 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
471946 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
484678 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
509587 shares
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2560000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4056000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2303000 usd
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1802000 usd
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2021Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
238941 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
248672 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
286390 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
333994 shares
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
usd
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-120
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
468639000 shares
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
usd
CY2021 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
CY2022 zn Convertible Bond Principal Paid In Shares
ConvertibleBondPrincipalPaidInShares
usd
CY2021 zn Cost Of Options Capitalized To Oil Gas Properties
CostOfOptionsCapitalizedToOilGasProperties
usd
CY2022 zn Convertible Bond Interest Paid In Shares
ConvertibleBondInterestPaidInShares
usd
CY2022 zn Capitalized Convertible Bond Interest Attributed To Oil And Gas Properties
CapitalizedConvertibleBondInterestAttributedToOilAndGasProperties
usd
CY2022 zn Convertible Shares Related To Senior Convertible Bonds
ConvertibleSharesRelatedToSeniorConvertibleBonds
usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
usd
CY2022 zn Other Utility Cost
OtherUtilityCost
usd
CY2021 zn Other Utility Cost
OtherUtilityCost
usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
usd
CY2021 zn Class Of Warrants Expired
ClassOfWarrantsExpired
shares
CY2022 zn Class Of Warrants Expired
ClassOfWarrantsExpired
shares
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
usd
CY2021 zn License Cost
LicenseCost
usd
CY2022Q1 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2022Q2 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2022Q3 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2022Q4 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.09
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
404817 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
471946 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
484678 shares
CY2022Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
509587 shares
CY2021Q1 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2021Q2 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2021Q3 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2021Q4 zn Sales Revenues Net
SalesRevenuesNet
usd
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2021Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
238941 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
248672 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
286390 shares
CY2021Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
333994 shares
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001131312
CY2022 dei Trading Symbol
TradingSymbol
ZNOG

Files In Submission

Name View Source Status
0001213900-23-023118-index-headers.html Edgar Link pending
0001213900-23-023118-index.html Edgar Link pending
0001213900-23-023118.txt Edgar Link pending
0001213900-23-023118-xbrl.zip Edgar Link pending
f10k2022ex31-1_zionoil.htm Edgar Link pending
f10k2022ex31-2_zionoil.htm Edgar Link pending
f10k2022ex32-1_zionoil.htm Edgar Link pending
f10k2022ex32-2_zionoil.htm Edgar Link pending
f10k2022_zionoil.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
f10k2022_zionoil_htm.xml Edgar Link completed
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
zn-20221231.xsd Edgar Link pending
zn-20221231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
zn-20221231_def.xml Edgar Link unprocessable
zn-20221231_pre.xml Edgar Link unprocessable
zn-20221231_lab.xml Edgar Link unprocessable