Zion Oil & Gas, Inc. (NASDAQ:ZN) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01
By letter dated (and received) October 3, 2018, Malone Bailey LLP (“Malone”) notified the Audit Committee of the Board of Directors (the “Audit Committee”) of Zion Oil and Gas, Inc. (the “Company”) of its resignation as the Company’s independent registered public accounting firm.
The previously issued reports of Malone on the Company’s financial statements for the fiscal years ended December31, 2017 and 2016 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, other than an explanatory paragraph relating to the Company's ability to continue as a going concern.
During the fiscal years ended December31, 2017 and 2016, and the subsequent period through October 3, 2018, the date of Malone’s resignation, there were no disagreements with Malone on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Malone, would have caused Malone to make reference to the subject matter of the disagreements in their reports.
In accordance with Item304(a)(3) of Regulation S-K, the Company provided Malone with a copy of the statements set forth in this Item 4.01 prior to the filing of this Report. The Company requested that Malone furnish the Company with a letter addressed to the Securities and Exchange Commission (“SEC”) stating whether Malone agrees with the above statements in this Item 4.01 as required by SEC rules. Malone has furnished the requested letter, and it is attached as an Exhibit 16.1 to this Report.
The Audit Committee is currently seeking a new independent registered public accounting firm.
|Item 4.01||Financial Statements and Exhibits.|
|Exhibit 16.1 – Auditor’s letter dated October 10, 2018|
ZION OIL & GAS INC ExhibitEX-16.1 2 f8k101018ex16-1_zionoilgas.htm EXHIBIT 16.1 – AUDITOR’S LETTER DATED OCTOBER 10,…To view the full exhibit click
About Zion Oil & Gas, Inc. (NASDAQ:ZN)
Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License (MJL), comprising approximately 99,000 acres. The MJL is onshore, south and west of the Sea of Galilee. The Company has drilled approximately four exploratory wells. The Company has not generated any revenues.