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Lindsey failed to say that he was an owner of fifty thousand shares in Zion Oil & Gas when he published the above statements <ref name="ex9">SEC 10-K filing 12/31/04, [http://www.secinfo.com/d12gpv.v3b.9.htm#1stPage "ZN SEC 10-K filing 12/31/04, EX-9.II"], ''ZN SEC 10-K filing 12/31/04, EX-9.II'', Dec 31, 2004.</ref> and that his own relative, Ralph Devore, owned an eighteen percent share of the company at the time his recommendation was made.<ref>Zion Oil SEC SB-2/A filing, [http://www.secinfo.com/d12gpv.29.htm "Zion Oil & Gas Inc SB-2/A 9/11/03"], ''Zion Oil & Gas Inc SB-2/A 9/11/03'', Sept 11, 2003.</ref> Zion investor Devore (who holds shares in Zion Oil to this day) is the director of Hal Lindsey Ministries and is in fact Hal Lindsey's cousin.<ref>Zion Oil & Gas SEC Filing Ralph Devore [http://google.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=3801536&PersonName=RALPH%20DEVORE "SEC Filing Results RALPH DEVORE"], ''Zion Oil & Gas SEC Filing Ralph Devore'', Various Dates.</ref>
In 2004 Devore wrote to former Zion CEO Gene Soltero: "I personally believe that over 90% of the shares that have been purchased from our current IPO are due in some way to Hal [Lindsey]’s TV reporting on Zion’s oil exploration activities. On his TV show, Hal openly spoke about John Brown & Zion Oil being an Evangelical Christian organization with Evangelical Christian Leadership!" <ref name="Jan05"> {{cite web | author = Zion Oil & Gas 8K filing | url = http://web.archive.org/web/20050217071209/www.zionoil.org/8kjan5.pdf | title = AUGUST 6, 2004 letter from Ralph Devore to Gene Soltero SEC File 333-107042 | publisher = archive.org | date = January 5, 2005.}}</ref> Evangelicals follow WorldNetDaily closely and it is logical to assume they are essential backers of Zion Oil, even though they must reconcile scientific oil exploration techniques with Creationism. WorldNetDaily also pushed the failed Ness Oil on the investing public, a bankrupt oil company which Hill Schwartz Spilker Keller LLC compared as closest in nature to Zion Oil for purposes of valuing Zion Oil prior to their IPO.<ref>SEC Filing, Zion Oil & Gas Inc SB-2/A [http://www.secinfo.com/d12gpv.v2m.d.htm "Zion Oil & Gas Inc SB-2/A 5/24/06 EX-8.3"], ''Zion Oil & Gas Inc SB-2/A 5/24/06 EX-8.3'', May 24,2006.</ref>
When the WorldNet-Devore link to Zion Oil was publicly discovered by Richard Bartholomew<ref>Richard Bartholomew, [http://barthsnotes.wordpress.com/2005/09/26/give-me-oil-in-my-lamp/ "Give Me Oil in my Lamp"], ''Bartholomew’s Notes on Religion'', September 26, 2005.</ref> Lindsey made no public apology for failing to inform the public of his share ownership in the company he had publicly endorsed, Zion Oil. When Lindsey backed off, political commentator Joe Farah setup oilinisrael.net to push the idea of petroleum reserves under Israel, with much of the site dedicated to information about Zion Oil's exploration.<ref>{{cite web | author = Joseph Farah | url = http://www.oilinisrael.net/ | title = Oil in Israel? | publisher = Joseph Farah | undated }}</ref>
