Zion Oil & Gas Inc (ZNOG)

[TAB78]

Personally I would prefer that they do not merge with another company. I think we are on a gusher and would like to see it played out as is.

But you know I had a stock adviser advise to buy Apple in 1980 for $0.51 and I did not do it. Had I done so and let it play out, my $2,000.00 I had then to invest then, would be worth about $1.8M will splits and PPS increase.

Be just a little more patient, who is to say that once this comes through and Zion starts doing well they will file some kind paper SEC papers and remove in-sold shares, I am no expert on how this works but it seems logical if they can offer up more shares then they remove unsold shares, thereby increasing the value and dividends of share held.

Plus with 99,000 acre lease (that is 154.69 sq. Miles) who is to say that there will not be more performing wells to come.

I say let it play out, I don't own a lot of shares but I do own I want to stay Zion.

I understand a lot of people have been with this a decade or more and I understand you would like to see some dividends paid out. But at least Zion is going place, The 12,280 shares I had of ENRON are not only worthless but gone forever with bankruptcy.

Not here to offend anyone, but I have shares in bigger companies if that was I wanted I would have bought into bigger companies. If people want to be part of a bigger company they should sell when the price is right and move on.