2024 Q4 Form 10-Q Financial Statement
#000121390024095430 Filed on November 07, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $0.00 | $16.00K | |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.775M | $1.710M | |
YoY Change | 3.8% | -27.39% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $181.0K | $190.0K | |
YoY Change | -4.74% | -5.47% | |
% of Gross Profit | |||
Operating Expenses | $1.775M | $1.710M | |
YoY Change | 3.8% | -27.39% | |
Operating Profit | -$1.775M | -$1.747M | |
YoY Change | 1.6% | -25.82% | |
Interest Expense | -$16.00K | $0.00 | |
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $4.000K | $2.000K | |
YoY Change | 100.0% | -111.76% | |
Pretax Income | -$1.791M | -$1.743M | |
YoY Change | 2.75% | -26.58% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.791M | -$1.743M | |
YoY Change | 2.75% | -26.58% | |
Net Earnings / Revenue | -10893.75% | ||
Basic Earnings Per Share | $0.00 | -$3.00 | |
Diluted Earnings Per Share | $0.00 | -$3.00 | |
COMMON SHARES | |||
Basic Shares Outstanding | 934.4M shares | 822.0M shares | 579.1M shares |
Diluted Shares Outstanding | 843.2M shares | 578.5M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $779.0K | $510.0K | |
YoY Change | 52.75% | -83.44% | |
Cash & Equivalents | $779.0K | $510.0K | |
Short-Term Investments | |||
Other Short-Term Assets | $1.325M | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $140.0K | $156.0K | |
Total Short-Term Assets | $2.417M | $1.929M | |
YoY Change | 25.3% | -68.21% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.070M | $5.781M | |
YoY Change | -12.3% | 4600.0% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $520.0K | $436.0K | |
YoY Change | 19.27% | 6.34% | |
Total Long-Term Assets | $27.45M | $22.81M | |
YoY Change | 20.36% | -65.66% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.417M | $1.929M | |
Total Long-Term Assets | $27.45M | $22.81M | |
Total Assets | $29.87M | $24.73M | |
YoY Change | 20.75% | -65.88% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $827.0K | $862.0K | |
YoY Change | -4.06% | -51.74% | |
Accrued Expenses | $462.0K | $412.0K | |
YoY Change | 12.14% | -73.32% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.080M | $2.037M | |
YoY Change | 2.11% | -50.65% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $1.181M | $520.0K | |
YoY Change | 127.12% | 6.56% | |
Total Long-Term Liabilities | $1.181M | $520.0K | |
YoY Change | 127.12% | 6.56% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.080M | $2.037M | |
Total Long-Term Liabilities | $1.181M | $520.0K | |
Total Liabilities | $3.261M | $2.557M | |
YoY Change | 27.53% | -44.61% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$292.0M | -$285.0M | |
YoY Change | 2.46% | 23.56% | |
Common Stock | $318.8M | $307.0M | |
YoY Change | 3.84% | 2.84% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $26.61M | $22.18M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $29.87M | $24.73M | |
YoY Change | 20.75% | -65.88% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.791M | -$1.743M | |
YoY Change | 2.75% | -26.58% | |
Depreciation, Depletion And Amortization | $181.0K | $190.0K | |
YoY Change | -4.74% | -5.47% | |
Cash From Operating Activities | -$1.327M | -$1.520M | |
YoY Change | -12.7% | 17.37% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $172.0K | $0.00 | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.335M | -$320.0K | |
YoY Change | 942.19% | -93.41% | |
Cash From Investing Activities | -$3.507M | -$320.0K | |
YoY Change | 995.94% | -93.45% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.156M | 1.800M | |
YoY Change | 75.33% | -48.26% | |
NET CHANGE | |||
Cash From Operating Activities | -1.327M | -1.520M | |
Cash From Investing Activities | -3.507M | -320.0K | |
Cash From Financing Activities | 3.156M | 1.800M | |
Net Change In Cash | -1.678M | -40.00K | |
YoY Change | 4095.0% | -98.52% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.327M | -$1.520M | |
Capital Expenditures | $172.0K | $0.00 | |
Free Cash Flow | -$1.499M | -$1.520M | |
YoY Change | -1.38% | 20.06% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | ||
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
znogw |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
453000 | usd | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ZION OIL & GAS, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
20-0065053 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
12655 N Central Expressway | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 1000 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Dallas | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
75243 | ||
dei |
City Area Code
CityAreaCode
|
(214) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
221-4610 | ||
dei |
Security12b Title
Security12bTitle
|
N/A | ||
dei |
No Trading Symbol Flag
NoTradingSymbolFlag
|
true | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
934359384 | shares |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
779000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
615000 | usd |
CY2024Q3 | znogw |
Fixed Short Term Banks And Escrow Deposits Restricted Current
FixedShortTermBanksAndEscrowDepositsRestrictedCurrent
|
1068000 | usd |
CY2023Q4 | znogw |
Fixed Short Term Banks And Escrow Deposits Restricted Current
FixedShortTermBanksAndEscrowDepositsRestrictedCurrent
|
1020000 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
257000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
515000 | usd |
CY2024Q3 | us-gaap |
Grants Receivable Current
GrantsReceivableCurrent
|
173000 | usd |
CY2023Q4 | us-gaap |
Grants Receivable Current
GrantsReceivableCurrent
|
18000 | usd |
CY2024Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
140000 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
123000 | usd |
CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
2417000 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
2291000 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
21033000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
16637000 | usd |
CY2024Q3 | znogw |
Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
|
2627000 | usd |
CY2023Q4 | znogw |
Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
|
2215000 | usd |
CY2024Q3 | znogw |
Drilling Rig And Related Equipment Net
DrillingRigAndRelatedEquipmentNet
|
4958000 | usd |
CY2023Q4 | znogw |
Drilling Rig And Related Equipment Net
DrillingRigAndRelatedEquipmentNet
|
5510000 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
707000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
686000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
112000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
74000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5070000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5584000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
826000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
194000 | usd |
CY2024Q3 | znogw |
Assets Held For Severance Benefits
AssetsHeldForSeveranceBenefits
|
520000 | usd |
CY2023Q4 | znogw |
Assets Held For Severance Benefits
AssetsHeldForSeveranceBenefits
|
475000 | usd |
CY2024Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
520000 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
475000 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
29866000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
25181000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
827000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
777000 | usd |
CY2024Q3 | znogw |
Insurance Financing
InsuranceFinancing
|
75000 | usd |
CY2023Q4 | znogw |
Insurance Financing
InsuranceFinancing
|
432000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
145000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
167000 | usd |
CY2024Q3 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
462000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
693000 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2080000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2640000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
652000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
24000 | usd |
CY2024Q3 | znogw |
Provision For Severance Pay
ProvisionForSeverancePay
|
529000 | usd |
CY2023Q4 | znogw |
Provision For Severance Pay
ProvisionForSeverancePay
|
499000 | usd |
CY2024Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1181000 | usd |
CY2023Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
523000 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
3261000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
3163000 | usd |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1200000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1200000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
880562128 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
880562128 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
640002580 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
640002580 | shares |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
8806000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
6400000 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
309975000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
302177000 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-292176000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-286559000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26605000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22018000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
29866000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25181000 | usd |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1143000 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1332000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3519000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4106000 | usd | |
CY2023Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
36000 | usd |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
129000 | usd | |
CY2024Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
632000 | usd |
CY2023Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
379000 | usd |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
2113000 | usd | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1978000 | usd | |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1775000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1747000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5632000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6213000 | usd | |
CY2024Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-20000 | usd |
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
2000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
11000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2000 | usd | |
CY2024Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4000 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000 | usd | |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1791000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1743000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5617000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-6216000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1791000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1743000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5617000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6216000 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
843211000 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
843211000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
578497000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
578497000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
752241000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
752241000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
551551000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
551551000 | shares | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22018000 | usd |
znogw |
Stock Issued During Period Value Funds Received From Sale Of Dspp Units And Shares And Exercise Of Warrants
StockIssuedDuringPeriodValueFundsReceivedFromSaleOfDSPPUnitsAndSharesAndExerciseOfWarrants
|
12160000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
9000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2299000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
334000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5617000 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26605000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25138000 | usd |
CY2024Q3 | znogw |
Stock Issued During Period Value Funds Received From Sale Of Dspp Units And Shares And Exercise Of Warrants
StockIssuedDuringPeriodValueFundsReceivedFromSaleOfDSPPUnitsAndSharesAndExerciseOfWarrants
|
3692000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
536000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
102000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1791000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26605000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23100000 | usd |
znogw |
Stock Issued During Period Value Funds Received From Sale Of Dspp Units And Shares And Exercise Of Warrants
StockIssuedDuringPeriodValueFundsReceivedFromSaleOfDSPPUnitsAndSharesAndExerciseOfWarrants
|
4968000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
610000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
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 | znogw |
Stock Issued During Period Value Funds Received From Sale Of Dspp Units And Shares And Exercise Of Warrants
StockIssuedDuringPeriodValueFundsReceivedFromSaleOfDSPPUnitsAndSharesAndExerciseOfWarrants
|
2242000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
437000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
265000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1743000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22177000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5617000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6216000 | usd | |
us-gaap |
Depreciation
Depreciation
|
598000 | usd | |
us-gaap |
Depreciation
Depreciation
|
601000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
197000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
208000 | usd | |
znogw |
Cost Of Options Issued To Employees Directors And Others As Noncash Compensation
CostOfOptionsIssuedToEmployeesDirectorsAndOthersAsNoncashCompensation
|
334000 | usd | |
znogw |
Cost Of Options Issued To Employees Directors And Others As Noncash Compensation
CostOfOptionsIssuedToEmployeesDirectorsAndOthersAsNoncashCompensation
|
923000 | usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
129000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-63000 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-483000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-258000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-367000 | usd | |
znogw |
Increase Decrease Governmental Receivables
IncreaseDecreaseGovernmentalReceivables
|
155000 | usd | |
znogw |
Increase Decrease Governmental Receivables
IncreaseDecreaseGovernmentalReceivables
|
-257000 | usd | |
us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
-223000 | usd | |
us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
-215000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
17000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
13000 | usd | |
znogw |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
-15000 | usd | |
znogw |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
-2000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-440000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-300000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-85000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-131000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5102000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3909000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
59000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
35000 | usd | |
znogw |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
178000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
4187000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
2045000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4389000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2045000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
9000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2466000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
610000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
12160000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
4968000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9703000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4370000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
212000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1584000 | 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 |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1847000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1530000 | usd |
znogw |
Unpaid Investments In Oil Gas Properties
UnpaidInvestmentsInOilGasProperties
|
840000 | usd | |
znogw |
Unpaid Investments In Oil Gas Properties
UnpaidInvestmentsInOilGasProperties
|
677000 | usd | |
znogw |
Unpaid Costs Associated With The Issuance Of Shares
UnpaidCostsAssociatedWithTheIssuanceOfShares
|
167000 | usd | |
znogw |
Depreciation Of Oil And Gas Equipment
DepreciationOfOilAndGasEquipment
|
16000 | usd | |
znogw |
Addition Of Right Of Use Lease Assets And Lease Obligations
AdditionOfRightOfUseLeaseAssetsAndLeaseObligations
|
829000 | usd | |
znogw |
Addition Of Right Of Use Lease Assets And Lease Obligations
AdditionOfRightOfUseLeaseAssetsAndLeaseObligations
|
252000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
779000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
615000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1068000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1020000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1847000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1635000 | 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 24 years of oil & gas exploration in Israel. As of September 30, 2024, 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”) – Megiddo-Jezreel #1 Re-Entry (“MJ-01”)</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">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.</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 February 21, 2024, members of the Supervisory Committee visited our rig site. During this visit, they interacted with staff from Zion Oil & Gas, 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 officially accepted our work plan for the MJ-01 re-completion project. This acceptance allowed us to sign agreements and secure mobilization dates with our service providers to commence and complete the project.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The initial phase of our recompletion project consisted of a category three inspection of the drilling rig, rigging down from MJ-02 and moving and rigging up over the MJ-01 well.</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">Stage two of the operation involved drilling out both the steel plugs along with 625 meters (about 2,050 feet) of cement plugs and re-conditioning the wellbore to allow unhindered access to the selected zones for testing.</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">After six years of inactivity in a well over three miles deep, the MJ-01 wellbore presents a challenging environment. The crew appears to have experienced elastic and partial collapse of the casing in some areas. This led to the bottom hole assembly (“BHA”) becoming stuck over 4,000 meters from surface. Attempts to overpull the BHA were unsuccessful, and the crew completed a backoff operation which left over 500 meters of the BHA remaining downhole. This is not an uncommon occurrence with oil and gas drilling operations, but we do need to recover the “fish” to resume operations. The crew was unsuccessful in retrieving the remaining BHA with the tools that were on location and will require specialized tools and techniques to recover the entire fish. The specialized tools we need are not in Israel, but have been sourced, but not approved for mobilization due to the active conflict 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">Another delay arose out of the logistical challenges we face. The ongoing conflict in the region has impacted shipping routes, the timely arrival of necessary equipment, and created travel difficulties for our rig crews. Our operations require specialized rig crews who are not available 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">An even further delay has been created by many of our rig crew members reaching the limit of their work visas. This requires us to reset visas, which is not a simple process, and it adds another layer of delay and complexity. Moreover, the recent changes to visa eligibility have further complicated the process, as Israel, in just the last few months, has changed their 90-day visa renewals from resetting at the end of the year to resetting after six months after expiration. We are working with the Ministry of Interior on this issue. As a side note, the crew had to enter Israel under 90 day visas and not six month or 12 month visas in order to comply with the labor law requirements in place at the time the operation commenced.</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">In light of the combination of downhole, logistical, and crew challenges, as well as holidays, and the one-year remembrance of October 7, we have temporarily paused active operations. This is a necessary step to ensure the safety of our personnel and to ensure proper engineering and tools are brought to location to avoid lengthy delays waiting for additional tools should any be required once the job resumes. We anticipate that once we have the necessary tools and renewed visas for our crews, we can resume operations in Q4 2024 or Q1 2025. This is, of course, subject to the realities of the present geopolitical environment. The conflict in Israel, while not directly impacting our operations on a daily basis, creates uncertainties that could affect our schedule at any time.</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">While our MJ-01 re-completion project has faced a multitude of hurdles, including an active conflict, downhole issues and logistical challenges, we continue to move forward each time a safe opportunity permits continuation of operations. However, we will only move forward in coordination with Israeli authorities. We are actively monitoring the port situation to import the items needed to complete the current work program. We remain optimistic about making significant progress in the coming months.</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>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, 2023. 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, 2024 are not necessarily indicative of the operating results for the year ending December 31, 2024 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"><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 condensed 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, 2024, the Company incurred a net loss of approximately $5.6 million and had an accumulated deficit of approximately $292 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 condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty. </span></p> | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5600000 | usd | |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-292000000 | usd |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
33337132 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
27096250 | 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the accompanying unaudited consolidated condensed 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, political instability 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 condensed financial statements in future periods.</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 March 2020, a global pandemic was declared by the World Health Organization related to the rapidly growing outbreak of a novel strain of coronavirus (“COVID-19”). The pandemic significantly impacted the economic conditions in the United States and Israel, as federal, state and local governments reacted to the public health crisis, creating significant uncertainties in the United States, Israel and world economies. In the interest of public health and safety, jurisdictions (international, national, state and local) where we have operations, restricted travel and required workforces to work from home. However, as of the date of this report, most of our employees are working at our physical offices, but have the ability to work from home as needed.</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">Similar uncertainties are posed by the Israel-Hamas war, as well as the Israel-Lebanon war. The duration of both wars and its impact on the region and world is not fully known at this point in time. As stated previously in this report, our operations are paused and our rig crew workers are safely out of Israel and at home.</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">Actual results may differ from these estimates.</span></p> | ||
CY2023Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
36000 | usd |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
129000 | usd | |
us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
21033000000 | usd | |
CY2023 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
16637000000 | usd |
CY2020Q1 | us-gaap |
Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
|
5600000 | usd |
CY2020Q1 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
540000000 | usd |
CY2020Q1 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
48000000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P5Y | |
CY2023Q4 | znogw |
Drilling Rig And Related Equipment Net
DrillingRigAndRelatedEquipmentNet
|
5510000 | usd |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
178000 | usd | |
CY2024Q3 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
594000 | usd |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-97000 | usd | |
us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
39000 | usd | |
CY2024Q3 | znogw |
Drilling Rig And Related Equipment Net
DrillingRigAndRelatedEquipmentNet
|
4958000 | usd |
CY2022Q4 | znogw |
Drilling Rig And Related Equipment Net
DrillingRigAndRelatedEquipmentNet
|
6281000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
751000 | usd |
CY2023 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
11000 | usd |
CY2023Q4 | znogw |
Drilling Rig And Related Equipment Net
DrillingRigAndRelatedEquipmentNet
|
5510000 | usd |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1 | |
znogw |
Number Of Shares
NumberOfShares
|
1 | shares | |
CY2022Q1 | znogw |
Extended Termination Term
ExtendedTerminationTerm
|
P1Y | |
CY2022Q2 | us-gaap |
Cash
Cash
|
365000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1120000 | usd |
CY2024Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
536000 | usd |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2299000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
437000 | usd | |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
610000 | usd |
us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
10000000 | shares | |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
10000000 | usd |
znogw |
Dividend Reinvestment And Stock Purchase Plan Interest
DividendReinvestmentAndStockPurchasePlanInterest
|
0.65 | pure | |
znogw |
Dividend Reinvestment And Stock Purchase Plan Percentage
DividendReinvestmentAndStockPurchasePlanPercentage
|
0.54 | pure | |
CY2023Q1 | znogw |
Termination Value
TerminationValue
|
7500000 | usd |
CY2024Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
250 | |
CY2023Q3 | znogw |
Equity Issuance Costs
EquityIssuanceCosts
|
437000 | usd |
znogw |
Equity Issuance Costs
EquityIssuanceCosts
|
610000 | usd | |
CY2024Q4 | znogw |
Proceeds From Dspp Program
ProceedsFromDSPPProgram
|
1319000 | usd |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
29697020 | shares |
znogw |
Class Of Warrants Expired
ClassOfWarrantsExpired
|
-393868 | shares | |
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
29303152 | shares |
CY2024Q3 | us-gaap |
Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
6050000 | usd |
CY2023Q4 | us-gaap |
Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
2538000 | usd |
CY2024Q3 | znogw |
Capitalized Salary Costs Excluded From Amortization
CapitalizedSalaryCostsExcludedFromAmortization
|
2521000 | usd |
CY2023Q4 | znogw |
Capitalized Salary Costs Excluded From Amortization
CapitalizedSalaryCostsExcludedFromAmortization
|
2444000 | usd |
CY2024Q3 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
1418000 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
1418000 | usd |
CY2024Q3 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Excluded From Amortization
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsExcludedFromAmortization
|
11005000 | usd |
CY2023Q4 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Excluded From Amortization
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsExcludedFromAmortization
|
10198000 | usd |
CY2024Q3 | us-gaap |
Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
|
39000 | usd |
CY2023Q4 | us-gaap |
Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
|
39000 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
21033000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
16637000 | usd |
CY2023Q3 | znogw |
Drilling Costs And Other Operational Related Costs Post Impairment Of Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsPostImpairmentOfUnprovedOilAndGasProperties
|
20000 | usd |
znogw |
Drilling Costs And Other Operational Related Costs Post Impairment Of Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsPostImpairmentOfUnprovedOilAndGasProperties
|
76000 | usd | |
CY2023Q3 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Post Impairment Of Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsPostImpairmentOfUnprovedOilAndGasProperties
|
16000 | usd |
znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Post Impairment Of Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsPostImpairmentOfUnprovedOilAndGasProperties
|
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 | |
CY2024Q3 | znogw |
Drilling Costs And Other Operational Related Costs Changes In Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsChangesInUnprovedOilAndGasProperties
|
2865000 | usd |
CY2023Q3 | znogw |
Drilling Costs And Other Operational Related Costs Changes In Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsChangesInUnprovedOilAndGasProperties
|
58000 | usd |
znogw |
Drilling Costs And Other Operational Related Costs Changes In Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsChangesInUnprovedOilAndGasProperties
|
3512000 | usd | |
znogw |
Drilling Costs And Other Operational Related Costs Changes In Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsChangesInUnprovedOilAndGasProperties
|
204000 | usd | |
CY2024Q3 | znogw |
Capitalized Salary Costs Changes In Unproved Oil And Gas Properties
CapitalizedSalaryCostsChangesInUnprovedOilAndGasProperties
|
26000 | usd |
CY2023Q3 | znogw |
Capitalized Salary Costs Changes In Unproved Oil And Gas Properties
CapitalizedSalaryCostsChangesInUnprovedOilAndGasProperties
|
25000 | usd |
znogw |
Capitalized Salary Costs Changes In Unproved Oil And Gas Properties
CapitalizedSalaryCostsChangesInUnprovedOilAndGasProperties
|
77000 | usd | |
znogw |
Capitalized Salary Costs Changes In Unproved Oil And Gas Properties
CapitalizedSalaryCostsChangesInUnprovedOilAndGasProperties
|
77000 | usd | |
CY2024Q3 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Changes In Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsChangesInUnprovedOilAndGasProperties
|
327000 | usd |
CY2023Q3 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Changes In Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsChangesInUnprovedOilAndGasProperties
|
103000 | usd |
znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Changes In Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsChangesInUnprovedOilAndGasProperties
|
807000 | usd | |
znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Changes In Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsChangesInUnprovedOilAndGasProperties
|
301000 | usd | |
CY2023Q3 | znogw |
Impairment Of Unproved Oil And Gas Properties Changes In Unproved Oil And Gas Properties
ImpairmentOfUnprovedOilAndGasPropertiesChangesInUnprovedOilAndGasProperties
|
-36000 | usd |
znogw |
Impairment Of Unproved Oil And Gas Properties Changes In Unproved Oil And Gas Properties
ImpairmentOfUnprovedOilAndGasPropertiesChangesInUnprovedOilAndGasProperties
|
-129000 | usd | |
CY2024Q3 | znogw |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
3218000 | usd |
CY2023Q3 | znogw |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
150000 | usd |
znogw |
Increase Decrease In Capitalized Costs Of Unproved Properties Excluded From Amortization Period Cost
IncreaseDecreaseInCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationPeriodCost
|
4396000 | usd | |
CY2024Q3 | znogw |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
146000 | usd |
CY2023Q3 | znogw |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
129000 | usd |
znogw |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
856000 | usd | |
znogw |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
677000 | usd | |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
826000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
194000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
145000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
167000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
652000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
24000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
797000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
191000 | usd |
us-gaap |
Lessee Operating Lease Description
LesseeOperatingLeaseDescription
|
The Company had an option to renew the lease for another five years from February 1, 2024 to January 31, 2029, provided it is not in breach of the agreement, where it is required as well to furnish a notice of intent to exercise the option six months prior to termination of lease, and it furnishes a bank guarantee and insurance confirmation prior to commencement of the option period. The Company exercised the option to renew the lease for another seven years from February 1, 2024 through January 31, 2031, when rent is to be paid on a monthly basis in the base amount of approximately NIS 46,500 per month (approximately $12,500) at the exchange rate in effect on the date of this report and is linked to an increase (but not a decrease) in the CPI. | ||
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y10M24D | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.078 | pure |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
49000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
155000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
151000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
149000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
149000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
346000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
999000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
202000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
797000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
75000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
224000 | usd | |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
76000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
203000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
829000 | usd | |
CY2023Q4 | us-gaap |
Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
|
76263 | usd |
CY2023Q4 | us-gaap |
Payments For Reinsurance
PaymentsForReinsurance
|
22699 | usd |
CY2023Q4 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
5356 | usd |
CY2023Q4 | znogw |
Insurance Financing Payments Rate Of Interest
InsuranceFinancingPaymentsRateOfInterest
|
0.1399 | pure |
CY2023Q4 | znogw |
Insurance Financing Payments Due Month
InsuranceFinancingPaymentsDueMonth
|
P10M | |
CY2023Q4 | us-gaap |
Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
|
441598 | usd |
CY2023Q4 | us-gaap |
Payments For Reinsurance
PaymentsForReinsurance
|
68733 | usd |
CY2024Q1 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
37287 | usd |
CY2024Q1 | znogw |
Insurance Financing Payments Rate Of Interest
InsuranceFinancingPaymentsRateOfInterest
|
0.134 | pure |
CY2024Q1 | znogw |
Insurance Financing Payments Due Month
InsuranceFinancingPaymentsDueMonth
|
P10M | |
CY2024Q1 | us-gaap |
Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
|
94989 | usd |
CY2024Q1 | us-gaap |
Payments For Reinsurance
PaymentsForReinsurance
|
37637 | usd |
CY2024Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
9499 | usd |
CY2024Q2 | znogw |
Insurance Financing Payments Rate Of Interest
InsuranceFinancingPaymentsRateOfInterest
|
0.1399 | pure |
CY2024Q2 | znogw |
Insurance Financing Payments Due Month
InsuranceFinancingPaymentsDueMonth
|
P10M | |
CY2024Q3 | znogw |
Insurance Financing Balances
InsuranceFinancingBalances
|
75000 | usd |
CY2023Q4 | znogw |
Insurance Financing Balances
InsuranceFinancingBalances
|
432000 | usd |
CY2024Q3 | znogw |
Bank Guarantees To Government
BankGuaranteesToGovernment
|
971000 | usd |
CY2024Q3 | znogw |
Bank Guarantees To Others
BankGuaranteesToOthers
|
91000 | usd |
CY2024Q3 | znogw |
Aggregate Bank Guarantee Amount
AggregateBankGuaranteeAmount
|
1062000 | usd |
znogw |
Percentage Of Currency Inflation
PercentageOfCurrencyInflation
|
0.023 | pure | |
CY2023 | znogw |
Percentage Of Currency Inflation
PercentageOfCurrencyInflation
|
0.031 | pure |
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
1847000 | usd |
CY2024Q3 | znogw |
Fund Interests Rate Percentage
FundInterestsRatePercentage
|
0.028 | pure |
znogw |
Fund Interests Rate Percentage
FundInterestsRatePercentage
|
0.029 | pure | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
dei |
Security Exchange Name
SecurityExchangeName
|
NONE | ||
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
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 |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
usd | ||
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | ||
znogw |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
usd | ||
znogw |
Unpaid Costs Associated With The Issuance Of Shares
UnpaidCostsAssociatedWithTheIssuanceOfShares
|
usd | ||
znogw |
Depreciation Of Oil And Gas Equipment
DepreciationOfOilAndGasEquipment
|
usd | ||
CY2023 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
usd | |
znogw |
Warrants Issued
WarrantsIssued
|
shares | ||
znogw |
Class Of Warrants Exercised
ClassOfWarrantsExercised
|
shares | ||
CY2024Q3 | znogw |
Drilling Costs And Other Operational Related Costs Post Impairment Of Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | |
znogw |
Drilling Costs And Other Operational Related Costs Post Impairment Of Unproved Oil And Gas Properties
DrillingCostsAndOtherOperationalRelatedCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | ||
CY2024Q3 | znogw |
Capitalized Salary Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedSalaryCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | |
CY2023Q3 | znogw |
Capitalized Salary Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedSalaryCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | |
znogw |
Capitalized Salary Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedSalaryCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | ||
znogw |
Capitalized Salary Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedSalaryCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | ||
CY2024Q3 | znogw |
Capitalized Interest Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedInterestCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | |
CY2023Q3 | znogw |
Capitalized Interest Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedInterestCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | |
znogw |
Capitalized Interest Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedInterestCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | ||
znogw |
Capitalized Interest Costs Post Impairment Of Unproved Oil And Gas Properties
CapitalizedInterestCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | ||
CY2024Q3 | znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Post Impairment Of Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | |
znogw |
Legal And Seismic Costs License Fees And Other Preparation Costs Post Impairment Of Unproved Oil And Gas Properties
LegalAndSeismicCostsLicenseFeesAndOtherPreparationCostsPostImpairmentOfUnprovedOilAndGasProperties
|
usd | ||
CY2024Q3 | znogw |
Other Costs Post Impairmentofunprovedoilandgasproperties
OtherCostsPostImpairmentofunprovedoilandgasproperties
|
usd | |
CY2023Q3 | znogw |
Other Costs Post Impairmentofunprovedoilandgasproperties
OtherCostsPostImpairmentofunprovedoilandgasproperties
|
usd | |
znogw |
Other Costs Post Impairmentofunprovedoilandgasproperties
OtherCostsPostImpairmentofunprovedoilandgasproperties
|
usd | ||
znogw |
Other Costs Post Impairmentofunprovedoilandgasproperties
OtherCostsPostImpairmentofunprovedoilandgasproperties
|
usd | ||
CY2024Q3 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | ||
CY2024Q3 | znogw |
Capitalized Interest Costs Changes In Unproved Oil And Gas Properties
CapitalizedInterestCostsChangesInUnprovedOilAndGasProperties
|
usd | |
CY2023Q3 | znogw |
Capitalized Interest Costs Changes In Unproved Oil And Gas Properties
CapitalizedInterestCostsChangesInUnprovedOilAndGasProperties
|
usd | |
CY2024Q3 | znogw |
Other Costs Changes In Unproved Oil And Gas Properties
OtherCostsChangesInUnprovedOilAndGasProperties
|
usd | |
CY2023Q3 | znogw |
Other Costs Changes In Unproved Oil And Gas Properties
OtherCostsChangesInUnprovedOilAndGasProperties
|
usd | |
CY2024Q3 | znogw |
Impairment Of Unproved Oil And Gas Properties Changes In Unproved Oil And Gas Properties
ImpairmentOfUnprovedOilAndGasPropertiesChangesInUnprovedOilAndGasProperties
|
usd | |
CY2024Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
usd | |
znogw |
License Cost
LicenseCost
|
usd | ||
CY2023 | znogw |
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 | ||
dei |
Entity File Number
EntityFileNumber
|
001-33228 |