Extension Letter to Megiddo-Jezreel License, as extended to December 2, 2020
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
