"(i) The Company has appointed Glen H. Perry to the Board as an independent director as defined by NASDAQ Rule 5605(a)(2), effective July 1, 2013. Mr. Perry is not being appointed to any Board committee at this time, but will be actively involved in the Technical Advisory Group.
From 1999 to 2009, Mr. Perry served as a director on the Company's Board and held various positions. Mr. Perry retired in 2009 as the Company's President and Chief Operating Officer. Mr. Perry is president of GHP Consulting, LTD, an Israeli limited liability company. Mr. Perry teaches two courses on Drilling Operations and Deepwater Operations in the Masters of Engineering program at the Technion - Israel Institute of Technology. He provides consulting services to Zion as a petroleum engineer on onshore operations as well as to Genie Oil and Gas Israel for onshore shale oil exploration and extraction. He holds a Master of Science in Petroleum Engineering from the University of Texas, Austin, Texas and a Bachelor of Science from the University of Tennessee in Knoxville, Tennessee. Mr. Perry has over 40 years of experience in oil and gas industry engineering and operations. Mr. Perry has both US and Israeli citizenship.
Mr Perry has been instrumental in finding all of the dirt ZION has found to date. His services are vital to the company and if ZION has any hope of locating more dirt reserves, Mr Perry is the man they need. His record of success with ZION certainly speaks for itself.