Zion Oil & Gas, Inc. Announces Board Appointments, Effective May 1, 2017
April 26, 2017 at 04:31 pm
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Zion Oil & Gas, Inc. has appointed Dr. Lee R. Russell and Michael B. Croswell, Jr. to the Board of Directors, effective May 1, 2017, to fill vacancies on the Board as voted by the Board of Directors and recommended to the Board by the Nominating and Corporate Governance Committee. Dr. Lee R. Russell has been an independent Geoscience Consultant with the company since August of 2012. He has over 41 years of industry experience in research and exploration positions with Shell Oil Co., Arco, and Sun Oil, as well as in his own exploration pursuits and consultancy. Michael B. Croswell Jr., CPA, has been serving as Corporate Controller for the company since April 2011. In February 2013, Michael was promoted to Vice President of Administration and in August 2016, Mr. Croswell was promoted to Chief Financial Officer. For his services on the Board, Dr. Russell will be compensated as an independent director. Dr. Russell will be a Class II director up for reelection at the 2019 annual stockholders meeting.
Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds replacement license for New Megiddo License 428 (NML 428), which lies onshore, south, and west of the Sea of Galilee. Its wholly owned subsidiaries include Zion Drilling, Inc., which is focused on owning a drilling rig, related equipment and spare parts, and Zion Drilling Services, Inc., which acts as the contractor providing drilling services. The Company has not generated any revenues.