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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>Form 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>Pursuant to Section 13
or 15(d) of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>The Securities Exchange
Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>November 1, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000">Date of Report (Date of
earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>Zion Oil &amp; Gas, Inc.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000">(Exact name of registrant
as specified in its charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>Delaware</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000">(State or other jurisdiction
of incorporation)</P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 9pt; text-align: center; color: #000000"><B>001-33228</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 9pt; text-align: center; color: #000000">(Commission
        File Number)</P></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 9pt; text-align: center; color: #000000"><B>20-0065053</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 9pt; text-align: center; color: #000000">(IRS Employer
        Identification No.)</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>6510 Abrams Road, Suite
300, Dallas, TX 75231 &nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000">(Address of Principal Executive
Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000">Registrant's telephone number,
including area code:<B> 214-221-4610</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000">Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000"><FONT STYLE="font-family: Wingdings">o</FONT>
&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000"><FONT STYLE="font-family: Wingdings">o</FONT>
&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000"><FONT STYLE="font-family: Wingdings">o</FONT>
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000"><FONT STYLE="font-family: Wingdings">o</FONT>
&nbsp;Pre-commencement communications pursuant to 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000"><B>ITEM 8.01 OTHER EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">On November 1, 2012, Zion
Oil &amp; Gas, Inc. (the &ldquo;Company&rdquo;) sent out its stockholders and other subscribers to its database a report updating
the status of the Company&rsquo;s drilling operations.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000"><B>ITEM 9.01. FINANCIAL
STATEMENTS AND EXHIBITS</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #000000">Exhibit 99.1 &ndash; Report
dated November 1, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #000000"><B>SIGNATURES</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000000">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.</P>

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    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; color: #000000">Zion Oil and Gas, Inc.</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="width: 34%; padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 3pt solid; padding-right: 2.4pt; color: #000000">Date:&nbsp;November 1, 2012</TD>
    <TD STYLE="border-bottom: white 3pt solid; padding-right: 0.8pt; color: #000000">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.8pt; color: #000000">/s/&nbsp;Victor G. Carrillo</TD>
    <TD STYLE="border-bottom: white 3pt solid; padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt; color: #000000">Victor G. Carrillo</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="padding-right: 2.4pt; color: #000000">President and Chief Operations Officer</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; color: #000000">&nbsp;</TD></TR>
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{"company-data": {"conformed-name": "ZION OIL & GAS INC", "cik": "0001131312", "assigned-sic": "1382", "irs-number": "200065053", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33228", "film-number": "121173915"}, "business-address": {"street1": "6510 ABRAMS RD", "street2": "SUITE 300", "city": "DALLAS", "state": "TX", "zip": "75231", "phone": "2142214610"}, "mail-address": {"street1": "6510 ABRAMS RD", "street2": "SUITE 300", "city": "DALLAS", "state": "TX", "zip": "75231"}}
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of
The Securities Exchange
Act of 1934
November 1, 2012
Date of Report (Date of
earliest event reported)
Zion Oil & Gas, Inc.
(Exact name of registrant
as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
001-33228
(Commission
        File Number)
20-0065053
(IRS Employer
        Identification No.)
6510 Abrams Road, Suite
300, Dallas, TX 75231
(Address of Principal Executive
Offices)        (Zip Code)
Registrant's telephone number,
including area code:
214-221-4610
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On November 1, 2012, Zion
Oil & Gas, Inc. (the "Company") sent out its stockholders and other subscribers to its database a report updating
the status of the Company's drilling operations.
ITEM 9.01. FINANCIAL
STATEMENTS AND EXHIBITS
Exhibit 99.1 – Report
dated November 1, 2012
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
Zion Oil and Gas, Inc.
Date: November 1, 2012
By:
/s/ Victor G. Carrillo
Victor G. Carrillo
President and Chief Operations Officer