Zion Oil & Gas, Inc. Appoints Amotz Agnon and Jeffrey Moskowitz to the Board of Directors, Effective September 1, 2019
August 20, 2019 at 06:09 am EDT
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Zion Oil & Gas, Inc. has appointed Dr. Amotz Agnon and Jeffrey Moskowitz to the Board of Directors, effective September 1, 2019, to fill vacancies on the Board as voted by the Board of Directors and recommended to the Board by the Nominating and Corporate Governance Committee. Dr. Agnon has served as Vice-President and President of the Israel Geological Society and acted as the chair of the Oceanography M.Sc. and Marine Science B.Sc. programs at the university. Jeffrey Moskowitz is Vice-President of Zion and has also served as Zion’s Israel Branch managing director since May 2017. For his services on the Board, Dr. Agnon will be compensated as an independent director. Dr. Agnon will serve on the Company’s Technical Advisory Group. Dr. Agnon will be a Class I director up for reelection at the 2021 annual stockholders meeting. Mr. Moskowitz will be an employee director and will continue under his current compensation package as Vice-President and the Zion Israel Branch managing director without any changes. Mr. Moskowitz will be a Class III director up for reelection at the 2020 annual stockholders meeting.
Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds replacement license for New Megiddo License 428 (NML 428), which lies onshore, south, and west of the Sea of Galilee. Its wholly owned subsidiaries include Zion Drilling, Inc., which is focused on owning a drilling rig, related equipment and spare parts, and Zion Drilling Services, Inc., which acts as the contractor providing drilling services. The Company has not generated any revenues.