Zion Oil & Gas, Inc. - SEC Investigation Update

Zion Oil & Gas, Inc. – ZN: Removed from Watch List, Coverage Dropped.  We were early and accurate in warning you about what turned out to be a formal SEC investigation into matters not revealed by the company.  We observe a lot of filler is now used in this company’s disclosures in place of actual updates on investigative activity that would be more useful to investors. We recommend investors insist the company provide them with more substantive updates.  Coverage dropped due to size.

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