Extension Letter for Megiddo-Jezreel License No. 401 between Israel Energy Ministry and Zion Oil & Gas Inc.
The State of Israel's Energy Ministry grants Zion Oil & Gas Inc. an extension of the Megiddo-Jezreel oil exploration license (No. 401) until December 2, 2020. This is the final extension allowed by law. The letter also approves an updated work plan with specific deadlines for seismic survey activities and reporting. Zion Oil & Gas must comply with all requirements under the Petroleum Law, including timely submission of reports. After the license expires, information related to the license will no longer be confidential.
Exhibit 10.6
[TRANSLATION FROM HEBREW]
State of Israel
Energy Ministry
Oil & Gas
23 Adar 1 5769
28 February, 9
Oil_321_2019
To:
Mr. Dustin Guinn
Zion Oil & Gas Inc.
Greetings,
Re: License Extension to license "Megiddo-Jezreel" / 401 and Revision to work plan
Reference: Your letter of the 24th and 26 of February 2019
In response to your referenced request I hereby approve an extension to the "Megiddo-Jezreel" license / 401.up to December 2, 2020.This extension is up to the maximum license period by law, and there will be no further extensions.
I note that at the end of the license period the license shall expire and confidentiality shall not apply to information relating to the license pursuant to the Petroleum Law .
In addition, I also approve the updated work plan as follows:
| Number | Activity description | Execution by: |
| 1 | Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform | 30 April 2019 |
| 2 | Commence 3D seismic survey in an area of approximately 50 square kilometers | 1 August 2019 |
| 3 | Transfer of field material configuration and processed material to the Ministry pursuant to Ministry guidelines | 15 December 2019 |
| 4 | Submit interpretation report | 20 February 2019 |
Please note that you are required to comply with all the provisions of the Petroleum Law, 5712-1952, and the regulations thereunder, including submission of all the reports detailed in the Petroleum Law and in the Regulations.
Sincerely,
Yossi Wurtzburger
Petroleum Commissioner
Copy: Oil Unit
