2023 Q4 Form 10-Q Financial Statement
#000121390023085255 Filed on November 09, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $0.00 | $16.00K | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.736M | $1.710M | $2.338M |
YoY Change | -25.75% | -27.39% | 29.6% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $167.0K | $190.0K | $201.0K |
YoY Change | -16.92% | -5.47% | 7.49% |
% of Gross Profit | |||
Operating Expenses | $1.736M | $1.710M | $2.338M |
YoY Change | -25.75% | -27.39% | 29.6% |
Operating Profit | -$1.747M | ||
YoY Change | -25.82% | ||
Interest Expense | $1.000K | $0.00 | $13.00K |
YoY Change | -92.31% | -100.0% | 550.0% |
% of Operating Profit | |||
Other Income/Expense, Net | $2.000K | ||
YoY Change | -111.76% | ||
Pretax Income | -$1.741M | -$1.743M | -$47.94M |
YoY Change | -96.37% | -26.58% | 2560.38% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$1.741M | -$1.743M | -$47.94M |
YoY Change | -96.37% | -26.58% | 2560.38% |
Net Earnings / Revenue | -10893.75% | ||
Basic Earnings Per Share | -$3.00 | ||
Diluted Earnings Per Share | $0.00 | -$3.00 | -$0.09 |
COMMON SHARES | |||
Basic Shares Outstanding | 605.3M shares | 579.1M shares | 514.6M shares |
Diluted Shares Outstanding | 578.5M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $615.0K | $510.0K | $1.735M |
YoY Change | -64.55% | -83.44% | -62.95% |
Cash & Equivalents | $615.0K | $510.0K | $1.735M |
Short-Term Investments | |||
Other Short-Term Assets | $483.0K | ||
YoY Change | -21.72% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $123.0K | $156.0K | $143.0K |
Total Short-Term Assets | $2.291M | $1.929M | $4.607M |
YoY Change | -50.27% | -68.21% | -46.68% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.584M | $5.781M | $112.0K |
YoY Change | 4885.71% | 4600.0% | -18.84% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $475.0K | $436.0K | $424.0K |
YoY Change | 12.03% | 6.34% | -21.63% |
Total Long-Term Assets | $22.89M | $22.81M | $22.91M |
YoY Change | -0.08% | -65.66% | -58.19% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.291M | $1.929M | $4.607M |
Total Long-Term Assets | $22.89M | $22.81M | $22.91M |
Total Assets | $25.18M | $24.73M | $27.52M |
YoY Change | -8.48% | -65.88% | -56.62% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $777.0K | $862.0K | $2.147M |
YoY Change | -63.81% | -51.74% | -22.85% |
Accrued Expenses | $693.0K | $412.0K | $1.032M |
YoY Change | -32.85% | -73.32% | -42.06% |
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 | $2.640M | $2.037M | $3.946M |
YoY Change | -33.1% | -50.65% | -26.08% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $523.0K | $520.0K | $469.0K |
YoY Change | 11.51% | 6.56% | -34.59% |
Total Long-Term Liabilities | $523.0K | $520.0K | $469.0K |
YoY Change | 11.51% | 6.56% | -34.59% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.640M | $2.037M | $3.946M |
Total Long-Term Liabilities | $523.0K | $520.0K | $469.0K |
Total Liabilities | $3.163M | $2.557M | $4.415M |
YoY Change | -28.36% | -44.61% | -27.09% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$286.6M | -$285.0M | -$278.6M |
YoY Change | 2.87% | 23.56% | 24.64% |
Common Stock | $308.6M | $307.0M | $301.7M |
YoY Change | 2.28% | 2.84% | 7.41% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $22.02M | $22.18M | $23.10M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $25.18M | $24.73M | $27.52M |
YoY Change | -8.48% | -65.88% | -56.62% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.741M | -$1.743M | -$47.94M |
YoY Change | -96.37% | -26.58% | 2560.38% |
Depreciation, Depletion And Amortization | $167.0K | $190.0K | $201.0K |
YoY Change | -16.92% | -5.47% | 7.49% |
Cash From Operating Activities | -$1.223M | -$1.520M | -$985.0K |
YoY Change | 24.16% | 17.37% | 6.49% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.000K | $0.00 | $27.00K |
YoY Change | -96.3% | -100.0% | -140.3% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$303.0K | -$320.0K | -$2.907M |
YoY Change | -89.58% | -93.41% | -58.21% |
Cash From Investing Activities | -$304.0K | -$320.0K | -$2.934M |
YoY Change | -89.64% | -93.45% | -58.23% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.638M | 1.800M | 2.660M |
YoY Change | -38.42% | -48.26% | -67.03% |
NET CHANGE | |||
Cash From Operating Activities | -1.223M | -1.520M | -985.0K |
Cash From Investing Activities | -304.0K | -320.0K | -2.934M |
Cash From Financing Activities | 1.638M | 1.800M | 2.660M |
Net Change In Cash | 111.0K | -40.00K | -1.259M |
YoY Change | -108.82% | -98.52% | -1157.98% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.223M | -$1.520M | -$985.0K |
Capital Expenditures | $1.000K | $0.00 | $27.00K |
Free Cash Flow | -$1.224M | -$1.520M | -$1.012M |
YoY Change | 20.95% | 20.06% | 17.95% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
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Interest Costs Capitalized
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Other Utility Cost
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Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
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true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
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Document Fiscal Year Focus
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2023 | ||
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Document Transition Report
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false | ||
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Entity Registrant Name
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|
ZION OIL & GAS, INC. | ||
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Entity File Number
EntityFileNumber
|
001-33228 | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
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20-0065053 | ||
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Entity Address Address Line1
EntityAddressAddressLine1
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12655 N Central Expressway | ||
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Entity Address Address Line2
EntityAddressAddressLine2
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Suite 1000 | ||
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Entity Address City Or Town
EntityAddressCityOrTown
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Dallas | ||
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Entity Address State Or Province
EntityAddressStateOrProvince
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TX | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
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75243 | ||
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City Area Code
CityAreaCode
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(214) | ||
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Local Phone Number
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221-4610 | ||
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Security12b Title
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N/A | ||
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Trading Symbol
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Earnings Per Share Basic
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Earnings Per Share Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
551551000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
454890000 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23100000 | usd |
zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
4968000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
610000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
923000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6216000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22177000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21850000 | usd |
CY2023Q3 | zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
2242000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
437000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
265000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1743000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22177000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
57376000 | usd |
zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
16470000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
1154000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7137000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
67866000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
66242000 | usd |
CY2022Q3 | zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
3477000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
519000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2374000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
67866000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6216000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7137000 | usd | |
us-gaap |
Depreciation
Depreciation
|
601000 | usd | |
us-gaap |
Depreciation
Depreciation
|
593000 | usd | |
zn |
Adjustment Of Options Granted For Services
AdjustmentOfOptionsGrantedForServices
|
923000 | usd | |
zn |
Adjustment Of Options Granted For Services
AdjustmentOfOptionsGrantedForServices
|
1137000 | usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
129000 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-483000 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-73000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-367000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-196000 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-257000 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-631000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-256000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-112000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
41000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-122000 | usd | |
zn |
Increase Decrease In Right Of Use Lease Assets
IncreaseDecreaseInRightOfUseLeaseAssets
|
-208000 | usd | |
zn |
Increase Decrease In Right Of Use Lease Assets
IncreaseDecreaseInRightOfUseLeaseAssets
|
-194000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
13000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-95000 | usd | |
zn |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
-2000 | usd | |
zn |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
24000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-300000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-350000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-131000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
59000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3909000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4719000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17000 | usd | |
zn |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
373000 | usd | |
us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
2045000 | usd | |
us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
12943000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2045000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13333000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
610000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
4968000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
16470000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4370000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
16473000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1584000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1579000 | 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 |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1530000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4373000 | usd |
zn |
Unpaid Investments In Oil Gas Properties
UnpaidInvestmentsInOilGasProperties
|
677000 | usd | |
zn |
Unpaid Investments In Oil Gas Properties
UnpaidInvestmentsInOilGasProperties
|
2723000 | usd | |
zn |
Cost Of Options Capitalized To Oil Gas Properties
CostOfOptionsCapitalizedToOilGasProperties
|
17000 | usd | |
zn |
New Lease Accounted For As A Right Of Use Lease Asset
NewLeaseAccountedForAsARightOfUseLeaseAsset
|
252000 | usd | |
zn |
New Lease Accounted For As A Right Of Use Lease Asset
NewLeaseAccountedForAsARightOfUseLeaseAsset
|
136000 | usd | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
510000 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3079000 | usd |
CY2023Q3 | zn |
Fixed Short Term Bank And Escrow Deposits Restricted Current
FixedShortTermBankAndEscrowDepositsRestrictedCurrent
|
1020000 | usd |
CY2022Q3 | zn |
Fixed Short Term Bank And Escrow Deposits Restricted Current
FixedShortTermBankAndEscrowDepositsRestrictedCurrent
|
1294000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1530000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4373000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 - Nature of Operations, Basis of Presentation and Going Concern</b></span></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; font-size: 10pt"> </span></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; font-size: 10pt"><b>A. Nature of Operations</b></span></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; font-size: 10pt"> </span></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; font-size: 10pt">Zion Oil & 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 & gas exploration in Israel. As of September 30, 2023, the Company has no revenues from its oil and gas operations.</span></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; font-size: 10pt"> </span></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; font-size: 10pt">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.</span></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; font-size: 10pt"> </span></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; font-size: 10pt">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.</span></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; font-size: 10pt"> </span></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; font-size: 10pt">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.</span></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; font-size: 10pt"> </span></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; font-size: 10pt"><b><span style="text-decoration:underline">Exploration Rights/Exploration Activities</span></b></span></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; font-size: 10pt"> </span></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; font-size: 10pt"><b>New Megiddo Valleys License 434 (“NMVL 434”)</b></span></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; font-size: 10pt"> </span></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; font-size: 10pt">The New Megiddo License 428 (“NML 428”) was initially awarded on December 3, 2020 for a six-month term and was extended several times before expiring on February 1, 2023. Zion Oil & Gas, Inc. filed an amended application with the Israel Ministry of Energy for a new exploratory license on January 24, 2023 covering the same area as its License No. 428, which expired on February 1, 2023. However, its original application to replace License No. 428 was filed on May 11, 2022, and a revised application was filed on August 29, 2022.</span></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; font-size: 10pt"> </span></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; font-size: 10pt">On September 14, 2023, the Israel Ministry of Energy approved a new Megiddo Valleys License 434 (“NMVL 434”), allowing for oil and gas exploration on approximately 75,000 acres or 302 square kilometers. This Exploration License 434 will be valid for three years until September 13, 2026 with four 1-year extensions for a total of seven years until September 13, 2030. This NMVL 434 effectively supersedes our previous NML 428.</span></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; font-size: 10pt"> </span></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; font-size: 10pt">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></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Zion is deploying new technologies, focusing on new stimulation methods for MJ-01, and aiming to potentially unlock hydrocarbon flows in several identified key zones. Zion has already procured service contractors and ancillary items required for efficient operations. Zion must receive approval of its work plan from the Ministry of Energy prior to commencing its re-completion activities. Zion’s planned activities are currently suspended as a result of the Israel-Hamas war (See Subsequent Events for further insight).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></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; font-size: 10pt"><b>B. Basis of Presentation</b></span></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; font-size: 10pt"> </span></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; font-size: 10pt">The accompanying unaudited interim consolidated condensed financial statements of Zion Oil & Gas, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with Article 8-03 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring accruals necessary for a fair statement of financial position, results of operations and cash flows, have been included. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The year-end balance sheet data presented for comparative purposes was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the operating results for the year ending December 31, 2023 or for any other subsequent interim period.</span></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; font-size: 10pt"> </span></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; font-size: 10pt"><b>C. Going Concern</b></span></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; font-size: 10pt"> </span></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; font-size: 10pt">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.</span></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; font-size: 10pt"> </span></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. While the Company is still actively engaging service providers in planning activities for the re-completion of the MJ-01 well, our activities are temporarily suspended due to the Israel-Hamas war. War was declared by Israel on Hamas following the October 7, 2023 invasion by Hamas in southern Israel. It is not known how long this war will last and, therefore, we cannot predict with certainty when our exploration activities will resume. 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 nine months ended September 30, 2023, the Company incurred a net loss of approximately $6.2 million and had an accumulated deficit of approximately $285 million. These factors raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financials were issued.</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; font-size: 10pt"> </span></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; font-size: 10pt">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.</span></p> | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6200000 | usd | |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-285000000 | usd |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53556910 | shares |
CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
56438572 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53985877 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
41395169 | shares | |
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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>B. Use of Estimates</b></span></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. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency, regional hostilities 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 and operating 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">See comments in our Subsequent Events for the impact of the Israel-Hamas war on our business and future operations.</p> | ||
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
431000 | usd |
CY2022 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
45615000 | usd |
CY2023Q3 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
36000 | usd |
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
129000 | usd | |
us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
16342000 | usd | |
CY2022 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
15889000 | usd |
CY2023Q3 | us-gaap |
Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
|
5600000 | usd |
CY2023Q3 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
540000 | usd |
CY2023Q3 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
48000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6281000 | usd |
zn |
Property Plant And Equipment Asset Depreciation
PropertyPlantAndEquipmentAssetDepreciation
|
-570000 | usd | |
us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
11000 | usd | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5700000 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
570000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
560000 | usd | |
CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
190000 | usd |
CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
189000 | usd |
zn |
Share Based Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
|
436000 | usd | |
CY2018Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1 | |
CY2016Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
10 | |
CY2020Q2 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1 | |
CY2017Q2 | us-gaap |
Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
|
250 | |
CY2017Q2 | zn |
Common Stock Par Value
CommonStockParValue
|
250 | |
zn |
Warrant Exercise Price
WarrantExercisePrice
|
1 | ||
CY2023Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
250 | usd |
CY2018Q1 | us-gaap |
Limited Partners Offering Costs
LimitedPartnersOfferingCosts
|
250 | usd |
CY2020Q2 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
5 | |
CY2018Q3 | us-gaap |
Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
|
250 | |
CY2018Q3 | zn |
Common Stock Price
CommonStockPrice
|
250 | |
CY2018Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1 | |
CY2020Q4 | us-gaap |
Long Term Debt Term
LongTermDebtTerm
|
P1Y | |
CY2018Q4 | us-gaap |
Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
|
250 | |
CY2020Q1 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
0.01 | |
CY2021Q3 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
2 | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1 | |
CY2022Q1 | zn |
Exercise Price Per Share
ExercisePricePerShare
|
0.05 | |
zn |
Offering Cost Description
OfferingCostDescription
|
(i) the number of Common Stock shares represented by the high-low average on the purchase date and (ii) Common Stock purchase warrants to purchase an additional twenty-five (25) shares of Common Stock at a per share exercise price of $1.00. 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 or who enrolled in the separate Automatic Monthly Investments (“AMI”) program at a minimum of $50.00 per month or more, received an additional ten (10) warrants at an exercise price of $1.00 during this Unit Option Program. The ten (10) additional warrants were for enrolling into the AMI program. Existing subscribers to the AMI were also entitled to the additional ten (10) warrants once, provided that 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 $1.00. The warrant is referred to as “ZNWAN. | ||
CY2021Q2 | zn |
Exercise Price Per Share
ExercisePricePerShare
|
1 | |
CY2023Q3 | us-gaap |
Termination Loans
TerminationLoans
|
7500000 | usd |
CY2023Q3 | us-gaap |
Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
|
250 | |
CY2023Q3 | zn |
Common Stock Par Value
CommonStockParValue
|
250 | |
zn |
Investments Per Unit
InvestmentsPerUnit
|
50 | ||
zn |
Participants Investment Received Amount Description
ParticipantsInvestmentReceivedAmountDescription
|
Plan participants, who enrolled in the AMI at a minimum of $100 per month, received one hundred (100) ZNWAY warrants. Plan participants, who enrolled in the AMI at a minimum of $250 per month, received two hundred and fifty (250) ZNWAY warrants. Plan participants, who enrolled in the AMI at a minimum of $500 per month, received five hundred (500) ZNWAY warrants. The AMI program required 90 days of participation to receive the ZNWAY warrants. Existing AMI participants were entitled to participate in this monthly program by increasing their monthly amount above the minimum $50.00 per month. | ||
CY2023Q3 | us-gaap |
Investment Restricted Per Unit
InvestmentRestrictedPerUnit
|
50 | |
CY2023Q3 | us-gaap |
Derivative Foreign Currency Option Strike Price
DerivativeForeignCurrencyOptionStrikePrice
|
250 | |
CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.25 | |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.25 | ||
CY2023Q3 | zn |
Exercise Price Per Share
ExercisePricePerShare
|
0.25 | |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
1805000 | usd |
us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
4358000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
4358000 | usd | |
zn |
Equity Issuance Costs
EquityIssuanceCosts
|
610000 | usd | |
CY2022Q3 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
3477000 | usd |
us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
16470000 | usd | |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
35234137 | shares |
zn |
Warrants Issued
WarrantsIssued
|
1476950 | shares | |
zn |
Class Of Warrants Exercised
ClassOfWarrantsExercised
|
-790905 | shares | |
zn |
Class Of Warrants Expired
ClassOfWarrantsExpired
|
-5677562 | shares | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
30242620 | shares |
CY2023Q3 | us-gaap |
Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
2490000 | usd |
CY2022Q4 | us-gaap |
Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
2362000 | usd |
CY2023Q3 | us-gaap |
Production Costs Cumulative
ProductionCostsCumulative
|
2419000 | usd |
CY2022Q4 | us-gaap |
Production Costs Cumulative
ProductionCostsCumulative
|
2342000 | usd |
CY2023Q3 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
1418000 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
1418000 | usd |
CY2023Q3 | us-gaap |
Acquisition Costs Cumulative
AcquisitionCostsCumulative
|
9976000 | usd |
CY2022Q4 | us-gaap |
Acquisition Costs Cumulative
AcquisitionCostsCumulative
|
9728000 | usd |
CY2023Q3 | us-gaap |
Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
|
39000 | usd |
CY2022Q4 | us-gaap |
Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
|
39000 | usd |
CY2023Q3 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
16342000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
15889000 | usd |
CY2023Q3 | zn |
Drilling Costs And Other Operational Related Costsimpairmentofunprovedoilandgasproperties
DrillingCostsAndOtherOperationalRelatedCostsimpairmentofunprovedoilandgasproperties
|
20000 | usd |
zn |
Drilling Costs And Other Operational Related Costsimpairmentofunprovedoilandgasproperties
DrillingCostsAndOtherOperationalRelatedCostsimpairmentofunprovedoilandgasproperties
|
76000 | usd | |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
16000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
53000 | usd | |
CY2023Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
36000 | usd |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
129000 | usd | |
CY2023Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
58000 | usd |
CY2022Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
5350000 | usd |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
204000 | usd | |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
10666000 | usd | |
CY2023Q3 | zn |
Capitalized Salary Costschangesinunprovedoilandgasproperties
CapitalizedSalaryCostschangesinunprovedoilandgasproperties
|
25000 | usd |
CY2022Q3 | zn |
Capitalized Salary Costschangesinunprovedoilandgasproperties
CapitalizedSalaryCostschangesinunprovedoilandgasproperties
|
30000 | usd |
zn |
Capitalized Salary Costschangesinunprovedoilandgasproperties
CapitalizedSalaryCostschangesinunprovedoilandgasproperties
|
77000 | usd | |
zn |
Capitalized Salary Costschangesinunprovedoilandgasproperties
CapitalizedSalaryCostschangesinunprovedoilandgasproperties
|
151000 | usd | |
CY2023Q3 | zn |
Increase Decrease In Legal Costs License Fees And Preparation Costs
IncreaseDecreaseInLegalCostsLicenseFeesAndPreparationCosts
|
103000 | usd |
CY2022Q3 | zn |
Increase Decrease In Legal Costs License Fees And Preparation Costs
IncreaseDecreaseInLegalCostsLicenseFeesAndPreparationCosts
|
586000 | usd |
zn |
Increase Decrease In Legal Costs License Fees And Preparation Costs
IncreaseDecreaseInLegalCostsLicenseFeesAndPreparationCosts
|
301000 | usd | |
zn |
Increase Decrease In Legal Costs License Fees And Preparation Costs
IncreaseDecreaseInLegalCostsLicenseFeesAndPreparationCosts
|
1402000 | usd | |
CY2023Q3 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
36000 | usd |
us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
129000 | usd | |
CY2023Q3 | zn |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
150000 | usd |
CY2022Q3 | zn |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
5966000 | usd |
CY2023Q3 | zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
129000 | usd |
CY2022Q3 | zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
1032000 | usd |
zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
677000 | usd | |
zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
2740000 | usd | |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
246000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
202000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
192000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
196000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
53000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
12000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
245000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
208000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y29D | |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.059 | pure |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
75000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
178000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
253000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
8000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
245000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
76000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
203000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
69000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
206000 | usd | |
CY2023Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
76000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
203000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
71000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
214000 | usd | |
CY2023Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
252000 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
252000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
136000 | usd | |
CY2023Q3 | zn |
Bank Guarantees To Government
BankGuaranteesToGovernment
|
930000 | usd |
CY2023Q3 | zn |
Bank Guarantees To Others
BankGuaranteesToOthers
|
85000 | usd |
CY2023Q3 | us-gaap |
Other Commitment
OtherCommitment
|
1015000 | usd |
CY2023Q3 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
8.7 | pure |
CY2022Q4 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
13.2 | pure |
CY2023Q3 | us-gaap |
Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
|
1530000 | usd |
CY2023Q3 | us-gaap |
Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
|
0.0445 | pure |
us-gaap |
Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
|
0.0351 | pure | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
zn |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
usd | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
usd | ||
zn |
Cost Of Options Capitalized To Oil Gas Properties
CostOfOptionsCapitalizedToOilGasProperties
|
usd | ||
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
usd | ||
CY2020Q4 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1.00 | |
CY2023Q3 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
50 | shares |
CY2022Q3 | zn |
Drilling Costs And Other Operational Related Costsimpairmentofunprovedoilandgasproperties
DrillingCostsAndOtherOperationalRelatedCostsimpairmentofunprovedoilandgasproperties
|
usd | |
zn |
Drilling Costs And Other Operational Related Costsimpairmentofunprovedoilandgasproperties
DrillingCostsAndOtherOperationalRelatedCostsimpairmentofunprovedoilandgasproperties
|
usd | ||
CY2023Q3 | zn |
Capitalized Salary Costsimpairmentofunprovedoilandgasproperties
CapitalizedSalaryCostsimpairmentofunprovedoilandgasproperties
|
usd | |
CY2022Q3 | zn |
Capitalized Salary Costsimpairmentofunprovedoilandgasproperties
CapitalizedSalaryCostsimpairmentofunprovedoilandgasproperties
|
usd | |
zn |
Capitalized Salary Costsimpairmentofunprovedoilandgasproperties
CapitalizedSalaryCostsimpairmentofunprovedoilandgasproperties
|
usd | ||
CY2023Q3 | zn |
Capitalized Interest Costsimpairmentofunprovedoilandgasproperties
CapitalizedInterestCostsimpairmentofunprovedoilandgasproperties
|
usd | |
CY2022Q3 | zn |
Capitalized Interest Costsimpairmentofunprovedoilandgasproperties
CapitalizedInterestCostsimpairmentofunprovedoilandgasproperties
|
usd | |
zn |
Capitalized Interest Costsimpairmentofunprovedoilandgasproperties
CapitalizedInterestCostsimpairmentofunprovedoilandgasproperties
|
usd | ||
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
usd | ||
CY2023Q3 | zn |
Other Costs Impairmentof Unproved Oiland Gas Properties
OtherCostsImpairmentofUnprovedOilandGasProperties
|
usd | |
CY2022Q3 | zn |
Other Costs Impairmentof Unproved Oiland Gas Properties
OtherCostsImpairmentofUnprovedOilandGasProperties
|
usd | |
zn |
Other Costs Impairmentof Unproved Oiland Gas Properties
OtherCostsImpairmentofUnprovedOilandGasProperties
|
usd | ||
CY2022Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | ||
CY2023Q3 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | |
CY2022Q3 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | ||
CY2023Q3 | zn |
Other Utility Cost
OtherUtilityCost
|
usd | |
CY2022Q3 | zn |
Other Utility Cost
OtherUtilityCost
|
usd | |
zn |
Other Utility Cost
OtherUtilityCost
|
usd | ||
CY2022Q3 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
usd | |
us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
usd | ||
zn |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
usd | ||
zn |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
usd | ||
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
usd | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
usd | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
usd | |
CY2022Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
zn |
License Cost
LicenseCost
|
usd | ||
CY2022 | zn |
License Cost
LicenseCost
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001131312 |