exhibit 10. 1 joseph petroleum exploration license no. 339 extension letter ( translation ) state of israel ministry of energy and water natural resources authority oil and gas 3rd of sivan, 5773 may 12th, 2013 attn : mr. victor g. carrillo, president & coo zion oil & gas bareket 22 n. industrial area caesarea 38900 dear sir, subject : joseph license / 339 – extension reference : your letter dated april 10th, 2012 in response to your request i hereby extend the 339 / joseph license until october 10th, 2013. during the period of extension zion oil & gas will execute the following work plan : a. prepare and submit a detailed plan for the abandonment and plugging of the maanit - rehovot # 2 and maanit – joseph # 3 wells until june 10th, 2013. a. prepare and submit a detailed plan for the abandonment and plugging of the maanit - rehovot # 2 and maanit – joseph # 3 wells until june 10th, 2013. a. prepare and submit a detailed plan for the abandonment and plugging of the maanit - rehovot # 2 and maanit – joseph # 3 wells until june 10th, 2013. b. complete the plugging and abandonment of the wells until october 1st, 2013, and submit a detailed report on the above activities. b. complete the plugging and abandonment of the wells until october 1st, 2013, and submit a detailed report on the above activities. b. complete the plugging and abandonment of the wells until october 1st, 2013, and submit a detailed report on the above activities. sincerely, alexander varshavski petroleum commissioner