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| 8-K - ZION OIL & GAS INC | v208329_8k.htm |
Zion
Oil & Gas Appoints Robert Render to its Board
Dallas,
Texas and Caesarea, Israel – January 18, 2011 – Zion Oil & Gas, Inc. (NASDAQ
GM: ZN) announced today
that Robert Render has joined the Company as a member of its Board of
Directors.
In
September 2004, Mr. Render was appointed a director of Zion Oil and served for
almost five years until June 16, 2009, the date of Zion’s 2009 Annual Meeting of
Stockholders whereupon he did not stand for re-election.
From 2003
to the present Mr. Render has been a private investor and consultant. Mr. Render
served from 1994 to 2002 as Chairman and CEO of the Green Thumb Companies and
Milburn Peat, manufacturers and distributors of peat moss, soils and mulches for
the lawn and garden industries. Prior to that, from 1985 to 1992, he was a
director of and consultant to Hyponex Corporation (NASDAQ) and thereafter, from
1992 to 1994, he was a consultant to the Scotts' Corporation (NYSE), the
controlling shareholder of Hyponex. Between 1978 and 1985, Mr. Render served as
Chairman, President and Chief Executive Officer of Hyponex Corporation (NASDAQ)
previously known as Old Fort Industries. From 1964 until its acquisition by Old
Fort Industries in 1969, Mr. Render served as President of Anderson Peat Company
and, from 1969 to 1978, he served as Executive Vice President of Old Fort
Industries. From 1952 to 1963, Mr. Render served as Vice President of Sales and
Marketing for Sno-Bol Company. In 1957 he founded Render Associates, a national
sales company specializing in lawn and garden products which later merged into
Anderson Peat Company. In 1962-1963 Mr. Render was President of the Christian
Businessmen's Club in Pontiac, Michigan and in 1964-1965, he served as Chairman
of the Industrial Group of the United Fund in Pontiac. In 1967-1968, Mr. Render
was a member of the Executive Committee of the American Society of Testing and
Materials and in 1969-1970, he served as President of the U.S. Peat Producers
Association
Mr. John
Brown, Chairman of the Board and Founder, said: “We are very pleased to have Bob
Render rejoin our Board of Directors. He brings tremendous business experience
to our Board and can help us to reach important decisions, as we continue our
pursuit to recover hydrocarbons in Israel.”
Zion’s
common stock trades on the NASDAQ Global Market under the symbol “ZN” and Zion’s warrants trade
under the symbol “ZNWAW”
and "ZNWAZ".
Zion Oil
& Gas, a Delaware corporation, explores for oil and gas in Israel in areas
located on-shore between Haifa and Tel Aviv. It currently holds two petroleum
exploration licenses, the Joseph and the Asher-Menashe Licenses, between
Netanya, in the south, and Haifa, in the north, covering a total of
approximately 162,000 acres and the Issachar-Zebulun Permit Area, adjacent to
and to the east of Zion’s Asher-Menashe license area, covering approximately
165,000 acres. Zion’s total petroleum exploration rights area is approximately
327,000 acres.
Zion’s
homepage may be found at: www.zionoil.com
FORWARD
LOOKING STATEMENTS: Statements in this press release that are not historical
fact, including statements regarding Zion's planned operations, anticipated
attributes of geological strata being drilled, the presence or recoverability of
hydrocarbons, the sufficiency of cash reserves, ability to raise additional
capital, timing and potential results thereof and plans contingent thereon are
forward-looking statements as defined in the "Safe Harbor" provisions of the
Private Securities Litigation Reform Act of 1995. These forward looking
statements are based on assumptions that are subject to significant known and
unknown risks, uncertainties and other unpredictable factors, many of which are
described in Zion's periodic reports filed with the SEC and are beyond Zion's
control. These risks could cause Zion's actual performance to differ materially
from the results predicted by these forward-looking statements. Zion can give no
assurance that the expectations reflected in these statements will prove to be
correct and assumes no responsibility to update these statements.
Contact:
Zion Oil
& Gas, Inc.
Mike
Williams, 214-221-4610
dallas@zionoil.com