Filed
pursuant to Rule 433
Registration
Statement No. 333-148982
The
letter below is being sent to Zion’s database:
Dear
Zion
Shareholder and/or Friend of Zion...
It
is
difficult to put into words the experience of the last few weeks. We are all
living through such a remarkable and dramatic (even traumatic) period in world
history. The economy looks and feels 'broken' and the healing may prove painful
for all of us. However, our trust is only in the Lord and not the stock market!
(Jer. 17:7)
In
Dallas, we received a phone call from a shareholder who was reviewing their
stock portfolio and just had to call us and tell us that all of their retirement
stocks were pretty much devastated in value, except
one...
there
was only one steadfast rock in their portfolio - the stock of Zion Oil & Gas
had maintained its value.
Shortly
after that phone call, a lawyer friend sent me a humorous email, as
follows:
'The
Best Investment Plan:
If
you purchased $1,000 of shares in Delta Airlines one year ago, you have $49
today.
If
you purchased $1,000 of shares in AIG one year ago, you have $33
today.
If
you purchased $1,000 of shares in Lehman Brothers one year ago, you have $0
today.
But,
if you purchased $1,000 worth of beer one year ago, drank all the beer, then
turned in the aluminum cans for the
recycling refund, you will have received $214.00.
Based
on the above, the best current investment plan is to drink heavily &
recycle.'
I
sent my
friend the following reply:
...and
if you had purchased $1,000 of Zion Oil & Gas, Inc. on October 3rd 2007, you
would have today $995. So, I disagree with the beer plan... better to go with
the Lord's plan...
During
one of the severest stock market collapses in recent decades, our follow-on
$10
unit offering was successfully able to reach the minimum subscription by the
due
date of October 11, 2008. Every day, I watched the tally of subscriptions
received. One week before the due date, I commented that if we were able to
reach the minimum subscription, it would be a clear
miracle
from
heaven.
On
the
very
last day,
we
received substantial and completely unexpected subscriptions... and exceeded
our
required minimum subscription amount.
I
was a
witness to what happened. I saw the miracle unfold. It was a deeply moving
experience.
Although
we have announced a scheduled initial closing on October 21, 2008, our $10
unit
offering is still accepting subscriptions. So, it is not too late for you to
subscribe and support our work in Israel. We still need both your prayer and
financial support.
(I
Chron.
29:10-14)
The
2,000
horsepower drilling rig is scheduled to arrive in Israel in November 2008 and
we
hope that you will want to subscribe for some Zion $10 units, in order to be
part of the exploration effort for oil and gas in Israel.
I
cannot
promise, but I for one will not be surprised if we all see a further miracle
in
the coming months...
Psalm
51:18 - In
your good pleasure, make Zion prosper...
Shalom
from Israel
Richard
Rinberg
CEO
of
Zion Oil & Gas, Inc.
P.S.
Full
details of the offer are set out in the Prospectus which is available for
download and review on our website www.zionoil.com
under
“Investor Center” If you would prefer a hard copy of the Prospectus, please
call: 1-888-TX1-ZION (1-888-891-9466) or email: dallas@zionoil.com
FORWARD
LOOKING STATEMENTS: Statements in this communication that are not historical
fact, including statements regarding the closing of the offering, the timing
and
results thereof, Zion’s planned operations, potential results thereof and
potential effects of those results on the market for Zion's securities and
returns on investments in those securities, are forward-looking statements
as
defined in the "Safe Harbor'' provision 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 Prospectus and
its
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.
Zion
Oil & Gas, Inc. has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete information about
Zion Oil & Gas and its offering. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Zion Oil &
Gas or its underwriter will arrange to send you the prospectus if you request
it
by calling toll free 1-888-TX1-ZION (1-888-891-9466). Direct links to the SEC
location, or to the documents in PDF, may be found on the home page of Zion
Oil
& Gas. Inc., at www.zionoil.com.
October
2008