2024 Q1 Form 10-K Financial Statement
#000121390024024404 Filed on March 20, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.774M | $1.736M | $7.820M |
YoY Change | -14.96% | -25.75% | -16.23% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $192.0K | $167.0K | $767.0K |
YoY Change | -4.0% | -16.92% | -3.4% |
% of Gross Profit | |||
Operating Expenses | $1.774M | $1.736M | $7.820M |
YoY Change | -14.96% | -25.75% | -16.23% |
Operating Profit | -$1.774M | -$7.955M | |
YoY Change | -16.75% | -85.52% | |
Interest Expense | $12.00K | $1.000K | -$2.000K |
YoY Change | -300.0% | -92.31% | -94.12% |
% of Operating Profit | |||
Other Income/Expense, Net | -$9.000K | $2.000K | |
YoY Change | 50.0% | -105.88% | |
Pretax Income | -$1.762M | -$1.741M | -$7.957M |
YoY Change | -17.63% | -96.37% | -85.55% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$1.800M | -$1.741M | -$8.000M |
YoY Change | -15.85% | -96.37% | -85.47% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | -$0.01 | |
Diluted Earnings Per Share | $0.00 | $0.00 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 676.0M shares | 605.3M shares | 568.4M shares |
Diluted Shares Outstanding | 667.0K shares | 568.4M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.115M | $615.0K | $615.0K |
YoY Change | 39.55% | -64.55% | -64.55% |
Cash & Equivalents | $1.115M | $615.0K | $615.0K |
Short-Term Investments | |||
Other Short-Term Assets | $1.446M | $1.535M | |
YoY Change | 832.9% | -37.65% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $445.0K | $123.0K | |
Total Short-Term Assets | $3.033M | $2.291M | $2.291M |
YoY Change | -0.88% | -50.27% | -50.27% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.394M | $5.584M | $22.42M |
YoY Change | 5188.24% | 4885.71% | -0.31% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $489.0K | $475.0K | $475.0K |
YoY Change | 15.06% | 12.03% | 12.03% |
Total Long-Term Assets | $23.78M | $22.89M | $22.89M |
YoY Change | 4.31% | -0.08% | -0.08% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.033M | $2.291M | $2.291M |
Total Long-Term Assets | $23.78M | $22.89M | $22.89M |
Total Assets | $26.82M | $25.18M | $25.18M |
YoY Change | 3.7% | -8.48% | -8.48% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $674.0K | $777.0K | $777.0K |
YoY Change | -66.58% | -63.81% | -63.81% |
Accrued Expenses | $617.0K | $693.0K | $324.0K |
YoY Change | 24.65% | -32.85% | -27.35% |
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 | $2.474M | $2.640M | $2.640M |
YoY Change | -22.88% | -33.1% | -33.1% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.214M | $523.0K | $523.0K |
YoY Change | 156.66% | 11.51% | 11.51% |
Total Long-Term Liabilities | $1.214M | $523.0K | $523.0K |
YoY Change | 156.66% | 11.51% | 11.51% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.474M | $2.640M | $2.640M |
Total Long-Term Liabilities | $1.214M | $523.0K | $523.0K |
Total Liabilities | $3.688M | $3.163M | $3.163M |
YoY Change | 0.19% | -28.36% | -28.36% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$288.0M | -$286.6M | |
YoY Change | 2.59% | 2.87% | |
Common Stock | $311.4M | $308.6M | |
YoY Change | 2.82% | 2.28% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $23.13M | $22.02M | $22.02M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $26.82M | $25.18M | $25.18M |
YoY Change | 3.7% | -8.48% | -8.48% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.800M | -$1.741M | -$8.000M |
YoY Change | -15.85% | -96.37% | -85.47% |
Depreciation, Depletion And Amortization | $192.0K | $167.0K | $767.0K |
YoY Change | -4.0% | -16.92% | -3.4% |
Cash From Operating Activities | -$2.003M | -$1.223M | -$5.133M |
YoY Change | 118.43% | 24.16% | -10.01% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $7.000K | $1.000K | $1.000K |
YoY Change | -96.3% | -94.12% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$317.0K | -$303.0K | -$2.353M |
YoY Change | -62.17% | -89.58% | -85.15% |
Cash From Investing Activities | -$324.0K | -$304.0K | -$2.354M |
YoY Change | -61.34% | -89.64% | -85.53% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $2.838M | 1.638M | $6.008M |
YoY Change | 254.75% | -38.42% | -68.6% |
NET CHANGE | |||
Cash From Operating Activities | -$2.003M | -1.223M | -$5.133M |
Cash From Investing Activities | -$324.0K | -304.0K | -$2.354M |
Cash From Financing Activities | $2.838M | 1.638M | $6.008M |
Net Change In Cash | $511.0K | 111.0K | -$1.479M |
YoY Change | -153.51% | -108.82% | -47.89% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.003M | -$1.223M | -$5.133M |
Capital Expenditures | $7.000K | $1.000K | $1.000K |
Free Cash Flow | -$2.010M | -$1.224M | -$5.134M |
YoY Change | 119.19% | 20.95% | -10.26% |
Facts In Submission
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CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
568351000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
468639000 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
57376000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
19129000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
4000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
1668000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55077000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23100000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
6949000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1120000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
1034000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7957000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22018000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7957000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55077000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
767000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
794000 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
260000 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
261000 | usd |
CY2023 | znogw |
Cost Of Options Issued To Employees Directors And Others As Noncash Compensation
CostOfOptionsIssuedToEmployeesDirectorsAndOthersAsNoncashCompensation
|
1034000 | usd |
CY2022 | znogw |
Cost Of Options Issued To Employees Directors And Others As Noncash Compensation
CostOfOptionsIssuedToEmployeesDirectorsAndOthersAsNoncashCompensation
|
1651000 | usd |
CY2023 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
135000 | usd |
CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
45615000 | usd |
CY2023 | znogw |
Increase Decrease Governmental Receivables
IncreaseDecreaseGovernmentalReceivables
|
-249000 | usd |
CY2023 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-483000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-134000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-85000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-89000 | usd |
CY2022 | znogw |
Increase Decrease Governmental Receivables
IncreaseDecreaseGovernmentalReceivables
|
-633000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-20000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-340000 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-281000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-143000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
12000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-157000 | usd |
CY2023 | znogw |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
-9000 | usd |
CY2022 | znogw |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
26000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
90000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
70000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-21000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
60000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5133000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5704000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17000 | usd |
CY2022 | znogw |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
400000 | usd |
CY2023 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
2353000 | usd |
CY2022 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
15850000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2354000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-16267000 | usd |
CY2023 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4000 | usd |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
953000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
6949000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
19129000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6008000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
19133000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1479000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2838000 | 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 |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1635000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3114000 | usd |
CY2023 | znogw |
Unpaid Investments In Oil Gas Properties
UnpaidInvestmentsInOilGasProperties
|
670000 | usd |
CY2022 | znogw |
Unpaid Investments In Oil Gas Properties
UnpaidInvestmentsInOilGasProperties
|
2151000 | usd |
CY2023 | znogw |
Depreciation Of Oil And Gas Equipment
DepreciationOfOilAndGasEquipment
|
32000 | usd |
CY2022 | znogw |
Cost Of Options Capitalized To Oil Gas Properties
CostOfOptionsCapitalizedToOilGasProperties
|
17000 | usd |
CY2023 | znogw |
Unpaid Costs Of Issuance During2023
UnpaidCostsOfIssuanceDuring2023
|
167000 | usd |
CY2023 | znogw |
Addition Of Right Of Use Lease Assets And Lease Obligations
AdditionOfRightOfUseLeaseAssetsAndLeaseObligations
|
252000 | usd |
CY2022 | znogw |
Addition Of Right Of Use Lease Assets And Lease Obligations
AdditionOfRightOfUseLeaseAssetsAndLeaseObligations
|
136000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
615000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1735000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1020000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1379000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1635000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3114000 | usd |
CY2023 | 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 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: 8pt"> </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: 8pt"> </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 24 years of oil & gas exploration in Israel. As of December 31, 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: 8pt"> </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: 8pt"> </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: 8pt"> </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: 8pt"> </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: 8pt"> </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: 8pt"> </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: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 is valid for three years until September 13, 2026 with four potential 1-year extensions for a total of seven years until September 13, 2030. This NMVL 434 effectively supersedes our previous NML 428.</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: 8pt"> </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. As previously announced, Zion is deploying new technologies and stimulation methods for its planned re-entry into the MJ-01 well with the objective of potentially unlocking hydrocarbon flows in several identified key zones. Zion has begun tendering service contractors and ancillary items required for efficient 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: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 6, 2023, the Israeli Ministry of Energy formally approved a detailed, industry-specific operational framework for the planned re-entry, production tests, and recompletion of the MJ-01 well. The submission of this work plan is a requirement under Israeli law. With the work plan approved, Zion was able to proceed with convening the required Supervisory Committee meeting. This Committee, consisting of a fifteen-member panel, is tasked with reviewing and endorsing the work plan. It also ensures that our planned operations have sufficiently mitigated potential impacts on the land, local roads, surrounding land uses, available water resources, and addressed other environmental and safety concerns. Under Israeli law, the Supervisory Committee is comprised of representatives from the Ministries of Energy, Water, and Environment, and representatives from the local Spring Valley County Council, as well as from the surrounding kibbutzim of Sde Eliyahu (where the rig site is located) and Tirat Zvi (adjacent to Zion’s rig site). Due to the ongoing war between Israel and Hamas, scheduling a meeting with such a large Committee became more complex, as it required finding a date and time suitable for all members.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 21, 2024, members of the Supervisory Committee visited our rig site. During this visit, they interacted with staff from Zion Oil & Gas, and our consultants and potential service providers. Some of these interactions occurred at Kibbutz Sde Eliyahu, while others were conducted through video conferencing with participants from the United States, Europe and the Middle East. Following these discussions, the Committee has officially accepted our work plan for the MJ-01 project. This acceptance allows us to sign agreements and secure mobilization dates with our service providers required to commence and complete the project.</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: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the year ended December 31, 2023, the Company recorded $ <span style="-sec-ix-hidden: hidden-fact-30">nil</span> in non-cash impairment charges to its unproved oil and gas properties. During the year ended December 31, 2022, the Company recorded a non-cash impairment charge of $45,615,000 to its unproved oil and gas properties.</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: 8pt"> </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">During the year ended December 31, 2023, the Company recorded a non-cash post-impairment charge to its unproved oil and gas properties of $135,000. During the year ended December 31, 2022, the Company did not record any post-impairment charges. (see Note 4).</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: 8pt"> </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>Zion’s Former Asher-Menashe License</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 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).</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>Zion’s Former Joseph License</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 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).</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>Uncertainty Due to the Russia – Ukraine War</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">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, 2023, 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.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><b>Israel-Hamas War</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">On October 7, 2023, Hamas, a militant terrorist organization in Gaza, infiltrated southern Israel, killing and injuring at least one thousand Israeli citizens. Roughly 250 Israeli hostages were then taken back to Gaza. This unprovoked attack led the nation of Israel to declare war on Hamas approximately one week later. As of the date of this report, Israel remains at war and there are daily battles inside the Gaza strip. Israel’s stated goals are to completely dismantle the terror infrastructure of Gaza, including its extensive tunnel network and to bring back safely all of the hostages.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There is uncertainty as to how long the war inside the Gaza strip will last. While we acknowledge that uncertainty, the Company is moving forward with its planning and logistics activities. We are working with our international service providers on projected availability timelines and other details. All of these key vendors have expressed willingness to assist Zion in its exploration activities. It is important to note that Zion’s license area is not located near any current combat zones.</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>COVID-19 Update</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"><i> </i></span></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 fully 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"><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. 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 in doubt. 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, 2023, the Company incurred a net loss of approximately $8.0 million and had an accumulated deficit of approximately $286.6 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.</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">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).</span></p> | |
CY2023Q3 | us-gaap |
Area Of Land
AreaOfLand
|
75000 | acre |
CY2023Q3 | us-gaap |
Area Of Land
AreaOfLand
|
302 | sqkm |
CY2022 | znogw |
Noncash Impairment Charges
NoncashImpairmentCharges
|
45615000 | usd |
CY2023 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
135000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8000000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-286600000 | usd |
CY2022 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
45615000 | usd |
CY2023 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
135000 | usd |
CY2023 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
16637000 | usd |
CY2022 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
15889000 | usd |
CY2023 | znogw |
Depreciation Expense
DepreciationExpense
|
799000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
794000 | usd |
CY2023Q4 | us-gaap |
Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
|
5600000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
540000 | usd |
CY2023Q4 | us-gaap |
Production Costs Cumulative
ProductionCostsCumulative
|
2538000 | usd |
CY2022Q4 | us-gaap |
Production Costs Cumulative
ProductionCostsCumulative
|
2362000 | usd |
CY2023 | 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>G. Use of Estimates</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">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.</span></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. We have made the same estimates as to the potential impact the Israel-Hamas war may have on our operations. Actual results may differ from these estimates.</p> | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.50 | pure |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
27086250 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
29697020 | shares |
CY2023Q4 | us-gaap |
Shares Held In Employee Stock Option Plan Suspense Shares
SharesHeldInEmployeeStockOptionPlanSuspenseShares
|
17758292 | shares |
CY2023 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
28035569 | shares |
CY2023Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
48000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6834000 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
400000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
751000 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
202000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6281000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
760000 | usd |
CY2023 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
11000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5510000 | usd |
CY2023 | us-gaap |
Severance Costs1
SeveranceCosts1
|
499000 | usd |
CY2022 | us-gaap |
Severance Costs1
SeveranceCosts1
|
457000 | usd |
CY2023Q4 | us-gaap |
Deposits
Deposits
|
475000 | usd |
CY2022Q4 | us-gaap |
Deposits
Deposits
|
424000 | usd |
CY2023Q4 | us-gaap |
Exploration Costs Cumulative
ExplorationCostsCumulative
|
2444000 | usd |
CY2022Q4 | us-gaap |
Exploration Costs Cumulative
ExplorationCostsCumulative
|
2342000 | usd |
CY2023Q4 | 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 |
CY2023Q4 | us-gaap |
Acquisition Costs Cumulative
AcquisitionCostsCumulative
|
10198000 | usd |
CY2022Q4 | us-gaap |
Acquisition Costs Cumulative
AcquisitionCostsCumulative
|
9728000 | usd |
CY2023Q4 | 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 |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
16637000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
15889000 | usd |
CY2023 | znogw |
Drilling Costs And Other Operational Related Costsimpairmentofunprovedoilandgasproperties
DrillingCostsAndOtherOperationalRelatedCostsimpairmentofunprovedoilandgasproperties
|
75000 | usd |
CY2022 | znogw |
Drilling Costs And Other Operational Related Costsimpairmentofunprovedoilandgasproperties
DrillingCostsAndOtherOperationalRelatedCostsimpairmentofunprovedoilandgasproperties
|
41430000 | usd |
CY2023 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCosts
|
60000 | usd |
CY2022 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCosts
|
4185000 | usd |
CY2023 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
135000 | usd |
CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
45615000 | usd |
CY2023 | us-gaap |
Production Costs
ProductionCosts
|
251000 | usd |
CY2022 | us-gaap |
Production Costs
ProductionCosts
|
11717000 | usd |
CY2023 | us-gaap |
Exploration Costs
ExplorationCosts
|
102000 | usd |
CY2022 | us-gaap |
Exploration Costs
ExplorationCosts
|
184000 | usd |
CY2023 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
530000 | usd |
CY2022 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
2653000 | usd |
CY2023 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
135000 | usd |
CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
45615000 | usd |
CY2023 | znogw |
Change Unproved Oil And Gas Properties
ChangeUnprovedOilAndGasProperties
|
748000 | usd |
CY2022 | znogw |
Change Unproved Oil And Gas Properties
ChangeUnprovedOilAndGasProperties
|
-31061000 | usd |
CY2023 | znogw |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
670000 | usd |
CY2022 | znogw |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
2168000 | usd |
CY2022Q4 | znogw |
Drilling Provisions Accrued Liabilities
DrillingProvisionsAccruedLiabilities
|
495000 | usd |
CY2023Q3 | znogw |
Exercise Price Per Share
ExercisePricePerShare
|
0.05 | |
CY2023 | znogw |
Termination Expiration One Description
TerminationExpirationOneDescription
|
the Company extended the termination date of the ZNWAQ warrant from July 15, 2023 to September 6, 2023 | |
CY2022Q1 | znogw |
Extended Termination Term
ExtendedTerminationTerm
|
P1Y | |
CY2023Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
320000 | usd |
CY2023Q4 | us-gaap |
Purchase Obligation
PurchaseObligation
|
250 | usd |
CY2021Q2 | znogw |
Exercise Price Per Share
ExercisePricePerShare
|
0.25 | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.25 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
328000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
250000 | usd |
CY2023Q4 | znogw |
Audit And Legal Costs
AuditAndLegalCosts
|
157000 | usd |
CY2022Q4 | znogw |
Audit And Legal Costs
AuditAndLegalCosts
|
168000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
208000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
119000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
693000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1032000 | usd |
CY2023Q4 | us-gaap |
Deferred Compensation Arrangement With Individual Cash Award Granted Amount
DeferredCompensationArrangementWithIndividualCashAwardGrantedAmount
|
9000 | usd |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
0.01 | |
CY2023 | znogw |
Share Based Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
|
436000 | usd |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
56783270 | shares |
CY2023 | znogw |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePrice
|
0.38 | |
CY2023Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
63788270 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9741750 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.64 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
17853000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.14 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
828500 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
1.06 | |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
375000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.01 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
63788270 | usd |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
|
844000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
61625387 | usd |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
|
493000 | shares |
CY2022Q2 | znogw |
Exercise Price Per Share
ExercisePricePerShare
|
0.25 | |
CY2022Q1 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
|
365000 | usd |
CY2022Q2 | us-gaap |
Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
|
365000 | usd |
CY2023Q4 | us-gaap |
Termination Loans
TerminationLoans
|
7500000 | usd |
CY2023 | znogw |
Investments Per Unit
InvestmentsPerUnit
|
50 | |
CY2022 | znogw |
Number Of Warrants Purchase Units
NumberOfWarrantsPurchaseUnits
|
-250 | shares |
CY2023 | znogw |
Number Of Warrants Purchase Units
NumberOfWarrantsPurchaseUnits
|
-500 | shares |
CY2023 | znogw |
Number Of Days Required To Receive Warrant
NumberOfDaysRequiredToReceiveWarrant
|
P90Y | |
CY2023 | us-gaap |
Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
|
50 | usd |
CY2023Q4 | us-gaap |
Investment Restricted Per Unit
InvestmentRestrictedPerUnit
|
50 | |
CY2023 | znogw |
Additional Warrants
AdditionalWarrants
|
300 | shares |
CY2023Q4 | us-gaap |
Derivative Foreign Currency Option Strike Price
DerivativeForeignCurrencyOptionStrikePrice
|
250 | |
CY2023 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.25 | |
CY2023Q4 | znogw |
Exercise Price Per Share
ExercisePricePerShare
|
0.25 | |
CY2023 | us-gaap |
Dividends Common Stock Paidinkind
DividendsCommonStockPaidinkind
|
250 | usd |
CY2023Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
1 | shares |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
50 | |
CY2023 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
250 | usd |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1 | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.25 | |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
6949000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
19129000 | usd |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
6949000 | usd |
CY2023 | znogw |
Equity Issuance Costs
EquityIssuanceCosts
|
1120000 | usd |
CY2023 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
2052000 | usd |
CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q2 | znogw |
Subscription Price
SubscriptionPrice
|
5 | |
CY2018Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3 | |
CY2018Q4 | us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P1Y | |
CY2019Q2 | us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P1Y | |
CY2020Q3 | us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P2Y | |
CY2023 | znogw |
Number Of Share Owned
NumberOfShareOwned
|
10 | shares |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
35234137 | shares |
CY2023 | znogw |
Warrants Issued
WarrantsIssued
|
1477250 | shares |
CY2023 | znogw |
Class Of Warrants Exercised
ClassOfWarrantsExercised
|
-790905 | shares |
CY2023 | znogw |
Class Of Warrants Expired
ClassOfWarrantsExpired
|
-6223462 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
29697020 | shares |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
58977000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
57521000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
3869000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
3612000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
62846000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
61133000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.056 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.043 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
59036000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
57448000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3810000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3685000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
153000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
101000 | usd |
CY2023Q4 | znogw |
Deferred Tax Liabilities Others
DeferredTaxLiabilitiesOthers
|
-469000 | usd |
CY2022Q4 | znogw |
Deferred Tax Liabilities Others
DeferredTaxLiabilitiesOthers
|
-449000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Other Capitalized Costs
DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts
|
3494000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Other Capitalized Costs
DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts
|
3337000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
3810000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
3685000 | usd |
CY2023Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
280842748 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.05 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.05 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.80 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
|
1 | pure |
CY2023 | znogw |
Pretax Loss As Reported
PretaxLossAsReported
|
-7957000 | usd |
CY2022 | znogw |
Pretax Loss As Reported
PretaxLossAsReported
|
-55077000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | znogw |
Income Tax Reconciliation Income Tax Expenses Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpensesBenefitAtFederalStatutoryIncomeTaxRate
|
-1671000 | usd |
CY2022 | znogw |
Income Tax Reconciliation Income Tax Expenses Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpensesBenefitAtFederalStatutoryIncomeTaxRate
|
-11566000 | usd |
CY2023 | znogw |
Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
|
2000 | usd |
CY2023 | znogw |
Income Tax Reconciliation Change In Valuation Allowance
IncomeTaxReconciliationChangeInValuationAllowance
|
1669000 | usd |
CY2022 | znogw |
Income Tax Reconciliation Change In Valuation Allowance
IncomeTaxReconciliationChangeInValuationAllowance
|
11556000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
194000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
202000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
167000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
196000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
24000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
12000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
191000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
208000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y2M12D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y10M24D | |
CY2022 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
184000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
6000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
6000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
196000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
5000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
191000 | usd |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
293000 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
274000 | usd |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
269000 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
285000 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
571000 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2021Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2023 | znogw |
Charitable Contribution Percentage To Individual Charity
CharitableContributionPercentageToIndividualCharity
|
0.03 | pure |
CY2023 | znogw |
Charitable Contribution Percentage To Charities Aggregate
CharitableContributionPercentageToCharitiesAggregate
|
0.06 | pure |
CY2023Q4 | us-gaap |
Advance Rent
AdvanceRent
|
7677.25 | usd |
CY2023Q4 | us-gaap |
Cost Maintenance
CostMaintenance
|
2917.36 | usd |
CY2023Q4 | us-gaap |
Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
|
1593.94 | usd |
CY2023Q4 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
1703.62 | usd |
CY2023 | us-gaap |
Payments For Rent
PaymentsForRent
|
46500 | ils |
CY2023 | us-gaap |
Payments For Rent
PaymentsForRent
|
12800 | usd |
CY2023 | znogw |
Sublease Rental Cost Approved By Sub Lessor
SubleaseRentalCostApprovedBySubLessor
|
400000 | usd |
CY2022 | znogw |
Sublease Rental Cost Approved By Sub Lessor
SubleaseRentalCostApprovedBySubLessor
|
400000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
181000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
5000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
5000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
191000 | usd |
CY2023Q4 | us-gaap |
Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
|
441598 | usd |
CY2023Q4 | us-gaap |
Payments For Reinsurance
PaymentsForReinsurance
|
68733 | usd |
CY2023Q4 | znogw |
Insurance Financing Balances
InsuranceFinancingBalances
|
432000 | usd |
CY2023 | znogw |
Noncash Impairment Charges
NoncashImpairmentCharges
|
usd | |
CY2023 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
usd | |
CY2023 | znogw |
Capitalized Salary Costsimpairmentofunprovedoilandgasproperties
CapitalizedSalaryCostsimpairmentofunprovedoilandgasproperties
|
usd | |
CY2022 | znogw |
Capitalized Salary Costsimpairmentofunprovedoilandgasproperties
CapitalizedSalaryCostsimpairmentofunprovedoilandgasproperties
|
usd | |
CY2023 | znogw |
Capitalized Interest Costsimpairmentofunprovedoilandgasproperties
CapitalizedInterestCostsimpairmentofunprovedoilandgasproperties
|
usd | |
CY2022 | znogw |
Capitalized Interest Costsimpairmentofunprovedoilandgasproperties
CapitalizedInterestCostsimpairmentofunprovedoilandgasproperties
|
usd | |
CY2023 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | |
CY2022Q4 | znogw |
Insurance Financing Balances
InsuranceFinancingBalances
|
372000 | usd |
CY2023Q4 | znogw |
Bank Guarantees To Government
BankGuaranteesToGovernment
|
944000 | usd |
CY2023Q4 | znogw |
Bank Guarantees To Others
BankGuaranteesToOthers
|
90000 | usd |
CY2023Q4 | znogw |
Aggregate Bank Guarantee Amount
AggregateBankGuaranteeAmount
|
1034000 | usd |
CY2023Q4 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
3.1 | pure |
CY2022Q4 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
13.2 | pure |
CY2023Q4 | znogw |
Cash Cash Equivalents And Shortterm And Longterm Bank Deposits
CashCashEquivalentsAndShorttermAndLongtermBankDeposits
|
1635000 | usd |
CY2023Q4 | znogw |
Weighted Average Annual Interest Rate
WeightedAverageAnnualInterestRate
|
0.037 | pure |
CY2022Q4 | znogw |
Cash Cash Equivalents And Shortterm And Longterm Bank Deposits
CashCashEquivalentsAndShorttermAndLongtermBankDeposits
|
3114000 | usd |
CY2022Q4 | znogw |
Weighted Average Annual Interest Rate
WeightedAverageAnnualInterestRate
|
0.006 | pure |
CY2023 | znogw |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
usd | |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
usd | |
CY2022 | znogw |
Depreciation Of Oil And Gas Equipment
DepreciationOfOilAndGasEquipment
|
usd | |
CY2023 | znogw |
Cost Of Options Capitalized To Oil Gas Properties
CostOfOptionsCapitalizedToOilGasProperties
|
usd | |
CY2023 | znogw |
Other Costs
OtherCosts
|
usd | |
CY2022 | znogw |
Other Costs
OtherCosts
|
usd | |
CY2023Q4 | znogw |
Drilling Provisions Accrued Liabilities
DrillingProvisionsAccruedLiabilities
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2022 | znogw |
Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
|
usd | |
CY2023 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
usd | |
CY2023 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
usd | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
usd | |
CY2023 | znogw |
License Cost
LicenseCost
|
usd | |
CY2022 | znogw |
License Cost
LicenseCost
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001131312 | |
CY2023 | dei |
No Trading Symbol Flag
NoTradingSymbolFlag
|
true |