ZNOG — what changed in the latest 10-Q
A section-by-section comparison of ZNOG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-11 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +31 | −19 | ~47 | 139 |
| Market risk (Item 3) | Text added/removed | +31 | −19 | ~47 | 138 |
| Controls & procedures | Text added/removed | +31 | −19 | ~47 | 138 |
| Legal proceedings | Text added/removed | +31 | −19 | ~47 | 138 |
| Risk factors | Some risk factors updated | +31 | −19 | ~47 | 138 |
| Other information | Text added/removed | +31 | −19 | ~47 | 137 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-11
Funds received from sale of DSPP units and shares and exercise of warrants
Funds received from sale of DSPP units and shares and exercise of warrants
On May, 18, 2026, the Israel Ministry of Energy extended NMVL 434 until September 13, 2027.
As of June 10, 2026, field operations commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. As expected, Zion re-entered the well, drilled out the temporary plug, conditioned the wellbore downhole, and has proceeded with the planned horizontal sidetrack drilling. Drilli…
On June 8, 2026, the Company extended the termination date of the ZNWAS warrants from June 30, 2026 to October 15, 2026. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our rig crew arrived in Israel in January 2026 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. The team completed routine rig repair and maintenance, including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead. A mandatory five-year r…
Due to the Israel-Iran war which began on February 28, 2026, and related impacts on logistics and shipping, we demobilized our rig crew. We are monitoring daily the hostilities in the Middle East for the next best opportunity to bring back the rig crew to the wellsite in Israel. The next phase of op…
Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
The Unit Option terminated on February 28, 2025, as described in Amendment No.13, and the ZNWBA warrants, exercisable at $0.25, were issued on March 31, 2025, and will be exercisable through March 31, 2026.
Consolidated Condensed Notes to Financial Statements (Unaudited)
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-11
Funds received from sale of DSPP units and shares and exercise of warrants
Funds received from sale of DSPP units and shares and exercise of warrants
On May, 18, 2026, the Israel Ministry of Energy extended NMVL 434 until September 13, 2027.
As of June 10, 2026, field operations commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. As expected, Zion re-entered the well, drilled out the temporary plug, conditioned the wellbore downhole, and has proceeded with the planned horizontal sidetrack drilling. Drilli…
On June 8, 2026, the Company extended the termination date of the ZNWAS warrants from June 30, 2026 to October 15, 2026. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our rig crew arrived in Israel in January 2026 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. The team completed routine rig repair and maintenance, including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead. A mandatory five-year r…
Due to the Israel-Iran war which began on February 28, 2026, and related impacts on logistics and shipping, we demobilized our rig crew. We are monitoring daily the hostilities in the Middle East for the next best opportunity to bring back the rig crew to the wellsite in Israel. The next phase of op…
Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
The Unit Option terminated on February 28, 2025, as described in Amendment No.13, and the ZNWBA warrants, exercisable at $0.25, were issued on March 31, 2025, and will be exercisable through March 31, 2026.
Consolidated Condensed Notes to Financial Statements (Unaudited)
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-11
Funds received from sale of DSPP units and shares and exercise of warrants
Funds received from sale of DSPP units and shares and exercise of warrants
On May, 18, 2026, the Israel Ministry of Energy extended NMVL 434 until September 13, 2027.
As of June 10, 2026, field operations commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. As expected, Zion re-entered the well, drilled out the temporary plug, conditioned the wellbore downhole, and has proceeded with the planned horizontal sidetrack drilling. Drilli…
On June 8, 2026, the Company extended the termination date of the ZNWAS warrants from June 30, 2026 to October 15, 2026. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our rig crew arrived in Israel in January 2026 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. The team completed routine rig repair and maintenance, including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead. A mandatory five-year r…
Due to the Israel-Iran war which began on February 28, 2026, and related impacts on logistics and shipping, we demobilized our rig crew. We are monitoring daily the hostilities in the Middle East for the next best opportunity to bring back the rig crew to the wellsite in Israel. The next phase of op…
Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
The Unit Option terminated on February 28, 2025, as described in Amendment No.13, and the ZNWBA warrants, exercisable at $0.25, were issued on March 31, 2025, and will be exercisable through March 31, 2026.
Consolidated Condensed Notes to Financial Statements (Unaudited)
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-11
Funds received from sale of DSPP units and shares and exercise of warrants
Funds received from sale of DSPP units and shares and exercise of warrants
On May, 18, 2026, the Israel Ministry of Energy extended NMVL 434 until September 13, 2027.
As of June 10, 2026, field operations commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. As expected, Zion re-entered the well, drilled out the temporary plug, conditioned the wellbore downhole, and has proceeded with the planned horizontal sidetrack drilling. Drilli…
On June 8, 2026, the Company extended the termination date of the ZNWAS warrants from June 30, 2026 to October 15, 2026. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our rig crew arrived in Israel in January 2026 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. The team completed routine rig repair and maintenance, including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead. A mandatory five-year r…
Due to the Israel-Iran war which began on February 28, 2026, and related impacts on logistics and shipping, we demobilized our rig crew. We are monitoring daily the hostilities in the Middle East for the next best opportunity to bring back the rig crew to the wellsite in Israel. The next phase of op…
Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
The Unit Option terminated on February 28, 2025, as described in Amendment No.13, and the ZNWBA warrants, exercisable at $0.25, were issued on March 31, 2025, and will be exercisable through March 31, 2026.
Consolidated Condensed Notes to Financial Statements (Unaudited)
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-11
Funds received from sale of DSPP units and shares and exercise of warrants
Funds received from sale of DSPP units and shares and exercise of warrants
On May, 18, 2026, the Israel Ministry of Energy extended NMVL 434 until September 13, 2027.
As of June 10, 2026, field operations commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. As expected, Zion re-entered the well, drilled out the temporary plug, conditioned the wellbore downhole, and has proceeded with the planned horizontal sidetrack drilling. Drilli…
On June 8, 2026, the Company extended the termination date of the ZNWAS warrants from June 30, 2026 to October 15, 2026. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our rig crew arrived in Israel in January 2026 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. The team completed routine rig repair and maintenance, including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead. A mandatory five-year r…
Due to the Israel-Iran war which began on February 28, 2026, and related impacts on logistics and shipping, we demobilized our rig crew. We are monitoring daily the hostilities in the Middle East for the next best opportunity to bring back the rig crew to the wellsite in Israel. The next phase of op…
Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
The Unit Option terminated on February 28, 2025, as described in Amendment No.13, and the ZNWBA warrants, exercisable at $0.25, were issued on March 31, 2025, and will be exercisable through March 31, 2026.
Consolidated Condensed Notes to Financial Statements (Unaudited)
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-11
Funds received from sale of DSPP units and shares and exercise of warrants
Funds received from sale of DSPP units and shares and exercise of warrants
On May, 18, 2026, the Israel Ministry of Energy extended NMVL 434 until September 13, 2027.
As of June 10, 2026, field operations commenced for the planned sidetrack phase of the Megiddo-Jezreel #2 well in Israel. As expected, Zion re-entered the well, drilled out the temporary plug, conditioned the wellbore downhole, and has proceeded with the planned horizontal sidetrack drilling. Drilli…
On June 8, 2026, the Company extended the termination date of the ZNWAS warrants from June 30, 2026 to October 15, 2026. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our rig crew arrived in Israel in January 2026 to begin a new phase of operations at both MJ-01 and MJ-02 in Israel. The team completed routine rig repair and maintenance, including a much-needed upgrade to the generator system, ensuring reliable power for the drilling ahead. A mandatory five-year r…
Due to the Israel-Iran war which began on February 28, 2026, and related impacts on logistics and shipping, we demobilized our rig crew. We are monitoring daily the hostilities in the Middle East for the next best opportunity to bring back the rig crew to the wellsite in Israel. The next phase of op…
Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
The Unit Option terminated on February 28, 2025, as described in Amendment No.13, and the ZNWBA warrants, exercisable at $0.25, were issued on March 31, 2025, and will be exercisable through March 31, 2026.
Consolidated Condensed Notes to Financial Statements (Unaudited)
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice