Zion Oil & Gas Inc (ZNOG)

[JRyan]

Valuation and Reserves - Hard Data




First here is the link of something useful.

US oil and gas reserves study 2017

Download it if you can but I will post some of the most telling portions.







Now for a more detailed listing of actual reserves and one can look up valuations of said companies.





Lets take the 1 Billion size at this point.

I will look at two companies, Occidental Petroleum and Pioneer Natural Resources..


Pioneer Natural Resources
Reserves = 1.265 Billion
Production Costs = $10 a barrel
Market Cap = $33 Billion

Occidental Petroleum
Reserves = 1.045 Billion
Production Costs = $16.50 a barrel
Market Cap = $65 Billion


So using those numbers , Lets say 1 Billion barrels...

ZION = (ESTIMATED ONLY)
Reserves = 1.0 Billion
Production Costs = $20 a barrel (In Israel so a guess)
Market Cap = $45 Billion ( in between the two )

Share price at 60 Million shares = $750
Share price at 200 Million shares = $225

This is using existing data, please download the PDF and glance through it and take other companies as an example.


If the find is Huge! Then this gives an idea,

Notice that is in the Billions of barrels.