Zion Oil & Gas Inc (ZNOG)

[tisdal]

In line with my previous post, all known Risks that can be addressed have been alleviated. It's a miracle that Zion Oil and Gas was given permission to drill and actually have the funds to start the drilling. It's a miracle that they have more than enough funds to drill to depth after a very successful DSPP offering.

The only thing left is if there is oil where they are drilling. For an answer to this, they limited their risk by doing the geological scientific research which has been verified by an independent third party in order to get permission to drill. IMHO, It's safe to say, there is oil where they are drilling and they are drilling towards it as shown in their research.

https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/

https://www.zionoil.com/updates/israels-energy-minister-grants-megiddo-jezreel-license-annexation-for-zion-oil-gas/

The geological scientific research was conducted in the most current approach.

Seismic Surveys
http://www.adventuresinenergy.org/Exploration-and-Production/index.html

Seismic surveys are done by sending high-energy sound waves into the ground and measuring how long they take to reflect back to the surface. Since sound travels at different speeds as it passes through different materials, computers can use seismic data to create a 3-D map of what lies below the surface.

Geologists and geophysicists – known as "explorationists" – use these 3-D seismic images to look for accumulations of oil and natural gas. Engineers then use the data to plan the safest, most cost-effective well path to the reservoir.

Once a reservoir has been located and put into production, a series of 3-D seismic surveys can be taken over time to see if all of the oil and natural gas reserves are being efficiently drained. If not, additional wells can be drilled to produce these bypassed pockets of reserves.

While seismic data are extremely useful to geologists, these surveys are also very expensive.

Exploration Wells
When the data indicate a likely site for oil and natural gas reserves, an exploration well is often drilled. Rock samples from the well are brought to the surface and analyzed. Well logs measure the electrical, magnetic and radioactive properties of the rocks.

By examining this information, a geologist can learn a great deal about the sub-surface structures and whether or not the site is likely to produce oil and natural gas in economic or "paying" quantities.

Have a good weekend! The next few weeks are going to be without press releases; therefore, the buying demand will probably be weak until we get closer to the next press release cycle which is currently around August 4/5. That is unless they have a quick turnaround on the core sample tests that will be conducted after they are taken next week.