Zion Oil Presentation at the NASDAQ OMX and Oppenheimer Israeli Equities Conference in New York Now Available


DALLAS and CAESAREA, Israel, March 1, 2010 (GLOBE NEWSWIRE) -- As previously announced, Zion Oil & Gas, Inc. (Nasdaq:ZN) participated at the NASDAQ OMX and Oppenheimer 14th Annual Israeli Equities Conference in New York on February 23, 2010.

Richard Rinberg, Zion's Chief Executive Officer, and Bill Ottaviani, Zion's President and Chief Operating Officer, presented to investment professionals attending the 'by invitation only' event. Amongst others, conference attendees included representatives from Bank of America, Morgan Stanley and Credit Suisse. A link to the presentation, an audio webcast with slides, has been posted on Zion's homepage and can be accessed by visiting www.zionoil.com.

Zion's common stock trades on the NASDAQ Global Market under the symbol "ZN" and Zion's warrants trade under the symbol "ZNWAW".

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

The Zion Oil & Gas, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6850



            

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