Zion Oil And Gas Inc : Filed with SEC amendment no. 2 to prospectus supplement relating to offering of co's 12 percent convertible senior bonds . Bonds will bear interest at a rate of 12 percent per year on principal or par value of $1,000.00 per bond .Under amendment no. 2, offering period is extended from September 1, 2016 to November 1, 2016 - sec filing.
Zion Oil and Gas Inc : Zion and Oil Field service company are expected to own subsidiary in equal measure . Extends time by one extra year that would enable to potentially drill up to three wells in that time period . Zion Oil & Gas granted exploration license extension in Israel .Says parties are in process of negotiating terms of a legally binding agreement.