An investigation on behalf of investors of Zion Oil & Gas, Inc. (NASDAQ: ZN) shares over potential securities laws violations by Zion Oil & Gas, Inc. and certain of its directors and officers in connection with certain financial statements was announced.


The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Zion Oil & Gas, Inc. (NASDAQ: ZN) concerning whether a series of statements by Zion Oil & Gas, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Dallas, TX based Zion Oil & Gas, Inc. operates as an oil and gas exploration company in Israel. On July 11, 2018, Zion Oil & Gas, Inc. (NASDAQ: ZN) disclosed that the Company had received a subpoena to produce documents from the Fort Worth office of the Securities and Exchange Commission ('SEC'), informing Zion Oil & Gas, Inc. (NASDAQ: ZN) of the existence of a non-public, fact-finding inquiry into the Company.

Shares of Zion Oil & Gas, Inc. (NASDAQ: ZN) declined on July 12, 2018 to as low as $3.10 per share.