Zion Oil & Gas Inc (ZNOG)

[tisdal]

I think we need to remember last time.

They mentioned hydrocarbons prematurely. That caused a rise in the stock price only to disappoint during the final analysis phase after the exploratory well was completed. For them to exercise caution would be advisable.

It's hard to have the type of patience required for an exploratory well. Especially within a market environment. From what I understand from the reading I have been doing (I am not an expert in anyway and am learning as I go here), there is a whole analysis phase that has to take place after the well is completed. That will be conducted over September and October with a report promised to the Israeli authorities in I think November.

Everything else is just noise at this point.