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2011 Annual Stockholders Meeting June 21, 2011 Dallas Westin Galleria Hotel

2011 Annual Stockholders Meeting June 21, 2011 Dallas Westin Galleria Hotel. Victor G. Carrillo Executive Vice President. Zion’s Vision :. Assist Israel to restore the Land by producing oil & natural gas Help make Israel politically and economically independent.

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2011 Annual Stockholders Meeting June 21, 2011 Dallas Westin Galleria Hotel

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  1. 2011 Annual Stockholders Meeting June 21, 2011 Dallas Westin Galleria Hotel Victor G. Carrillo Executive Vice President

  2. Zion’s Vision: • Assist Israel to restore the Land by producing • oil & natural gas • Help make Israel politically and economically • independent And I will plant them upon their land, and they shall no more be pulled up out of their land which I have given them, saith the Lord thy God. Amos 9:15

  3. Zion’s Total Exploration Areas In Israel Active & Pending ~ 530,000 ACRES

  4. Zion’s Northern Israel Exploration Areas Current well (Applied For)

  5. Zion’s Southern Israel Exploration Areas PENDING

  6. Israel to 1948 Essentially no oil/gas

  7. Heletz Field: 1955 • Israel’s most significant oil field • Lower Cretaceous • 17 million barrels produced • Today: stripper well production • (~40 barrels/day from ~6 wells) • Primary production tailing off • Possible opportunity exists • Secondary production capacity? • Waterflood • CO2injection

  8. Noble Energy’s Giant Finds • Mediterranean Sea, offshore Israel • Water depth: ~5,500 feet • Well depth: ~16,000 to 23,600 feet • Tamar: 2009 ~ 9 Tcf natural gas • Leviathan: 2010 ~16 Tcf natural gas • 25 Tcf Total Largest Global Deepwater Gas Discoveries in Last Decade Natural gas can power Israel for 100 years!

  9. 2010 U.S. Geological Survey Levant Basin Study • 1.7 billion barrels • recoverable oil • 122 trillion cubic feet • recoverable gas

  10. Zion: Focused Onshore Ma’anit Joseph #3 well • Reached ~19,362 ft. (TVD) • Permian Formation • Evaluating logs & options • Deepest Zion well • Deepest in Northern Israel • “Wildcat”

  11. Israel Future Opportunities • Oil Shale (U. Cretaceous) • Underlies up to 15% of Israel • Enormous potential reserves • 2nd largest in world? • 1st is U.S.(N.D. Bakken, etc.) • Difficulty: In-situ production • Pilot projects to test • Long term potential

  12. Hispanic Outreach Vida Cristiana Magazine Ad Translating into Spanish: 1st draft, Oil of Israel complete

  13. JOHN BROWN: FOUNDER BOARD CHAIRMAN May God Bless You All!

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