Extension Letter to Megiddo-Jezreel License, as extended to December 2, 2020
[TRANSLATION FROM HEBREW]
State of Israel
Oil & Gas
23 Adar 1 5769
28 February, 9
Mr. Dustin Guinn
Zion Oil & Gas Inc.
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.
Copy: Oil Unit