Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just how long will Jewish Holidays delay things?
If He speaks it into existance, then it will be there.
It’s true… only 70,000 now. I feel differently about it being high risk. I believe that it’s a guarantee that the blessings will be on the CROWN of the head of Joseph…just like the bible says.
My share count is way down Crown. But it would only take $70k to establish a 1 million share position now. I might under the right conditions. This is very high risk though.
Hey KYoil….you still got a million shares?
It's a good thing I am not sensitive like this present generation and have hurt feelings or want to have some statues torn down.
Truth is, I have to care about your opinion in order for it to affect me. Y'all can do whatever you want, I still sleep good at night and have a good day.
Poor things that think as you. I sincerely feel bad for you but I suppose not everyone sees things as they are as I and others do.
The good news...there's still hope for you. :)
Honestly, I love y'all too even though we may not agree on everything. Hey, if we didn't have disagreements, what would we talk about here. LOL!
Abiotic oil.....interesting subject.
Here is an interesting video of about 8 minutes on oil. To access it type in: “ L Fletcher Prouty: Oil not a fossil fuel; it is the second most prevalent liquid on earth.”
M50.....That was GREAT....but you should not have told him that. Now he will feel bad.
but it was really funny.
Freedom .... we all love you, most of the time.
Donald Ellis (whale) has increased his share count
According to the 13G statements, he had approximately 35M shares early in the year. He now has 47M shares. He increased his share count by 12M shares. 12M x .06 = 720,000 dollars of purchases over the year. Looks like he may be funding the payroll at ZNOG , but not much more than that. Looks like his Whale days may be over. He may be the one supporting the stock price through purchases made on the open market to buoy the stock price as ZNOG continues to look for the capital to fund their recent operations. All speculation ...
Not Insider Buying folks.
Recent news are options being given to all the Directors of the company. It's part of their compensation package. This happens quite often where the Directors are given options and part of the reason they needed to increase the number of shares they are allowed to issue during the last board meeting.
This is an oil play, no more no less.
The truth of the matter is that no one on this board wanted to reply to your posts but, being the gentlemen and gentleladies we all are, we felt it was only right to desiginate one person to be our spokesperson. We conducted a digital straw pull and IRisky lost, so he is the designated responder to your posts. Not to burst your bubble, but not a person on this board pays an ounce of attention to anything you offer. It's because of the universal compassion that exists on this board that we agreed that, inspite of the stomach-churning it causes, it is only right to provide responses.
Well longs....even with all the noise....
The whale(s) still believe....
The license is good.
We own a rig......
I have not added to my position in a long while, so dilution has got me for sure.
Worried? Nope.
My trip there answered lots of questions for me about modern Israel. Zion Oil is but a minor piece for me.
47 million shares....wow.
"Do you think Somebody knows something ????"
Hey....Freedom.... i'm gonna throw you a bone here......ready ???
Do you think Somebody knows something ????
You are just too much fun
<< If they come out with a Quart Jar of Oil again and start screaming "WE HIT"...... I'm gonna really disappointed. >>
So far, they have spent $283 MILLION on a "quart jar of oil".
If they come out with a Quart Jar of Oil again and start screaming "WE HIT"......
I'm gonna really disappointed.
but I guess we take what we can get at this point
Red Alert
More insider accumulation!
https://www.sec.gov/edgar/search/#/ciks=0001131312&entityName=ZION%2520OIL%2520%2526%2520GAS%2520INC%2520(ZNOG%252C%2520ZNOGW)%2520(CIK%25200001131312)
The par value of stock is an arbitrary value, It could be $.01, $1,000 or no par value. It is meaningless in the secondary markets, and only affects how the stock is recorded on the balance sheet. These are acquisitions of options with an exercise price of $.0676. Upon exercising the options(400,000), they would pay Zion directly $27,040 to convert to common stock.
You obviously can't do without me because you can't help but to respond to my posts.
Thank you for your kind gesture.
Good.....so why are you still here if you are not buying or selling ?
Seems like a Gargantuan WASTE of time for you.
You could be out recycling your sandals or something productive
what does the par value of $.01 mean on the insider buying sheets? Did they buy $400k in shares for $4,000? Anyone know?
I wouldn't buy one more share regardless of those who are pushing to buy.
Is having a new lease good, yes. However, we've had a lease prior to and still didn't produce commercial grade oil.
It's still the same B.O.D. that will put their same ole spins on why there were, are, or will be delays. They have so many excuses that if they write a book on, "How To Make Money without Making Money"...it'd possibly be a number one seller.
That's what they have been doing! Filling their personal bank accounts with investors money FOR YEARS while stringing many of us investors along and not produce one barrel of commercial grade oil.
In addition, they have devalued the share price. Just because there are those still saying, "THERE'S STILL HOPE" doesn't mean that it's going to come from Zion.
As I said before...here we go again...RINSE AND REPEAT the same ole debates of times past.
Buckle up because this is going to be long and dragged out.
The "First Church of Zion" believers are ready to attack us.
So some insider accumulation and the Don has doubled up! So what y’all think!
https://www.sec.gov/edgar/search/#/ciks=0001131312&entityName=ZION%2520OIL%2520%2526%2520GAS%2520INC%2520(ZNOG%252C%2520ZNOGW)%2520(CIK%25200001131312)
Already snatched and purchased more. Was going to stop at 100,000, but decided I could not pass up these low prices.
Like sands through the Hour Glass..... so are the small ripples from a small stone......
When you can snatch the pebble from my hand.....it is time for you to buy more shares....
Glad your timing was good MrDicern. Probably much better than mine!
BUMP !!!!
Now a Tsunami building !!!!
Bump didn't last long ... like the ripple of a small stone tossed into a pond ...
Reading between the lines of your post, you are probably right. There is only one who posts here as an oil man, the rest of us are part of a group of people that either want to bless Israel (or usher in the end of the world).
I first suspected something like this when the oil man here at-a-boy'd the idea of turning the MJ#1 hole into a giant electrical battery based on a fresh water to salt water conversion technology (a bit of current flows when you add salt water to fresh water). Absolute nonsense for anything other than a tiny battery, but what-ever.
Thanks for you post. Good information to know.
Well written...almost like a perfect story.
So now it is about the "secret" P50 size...Zion knows.. if only they would release the info to the public. Two posts on the same topic.
Let me guess, the release of this "secret" info will be done in the future and folks will jump with glee with that information and people will get excited and finally buy this stock.
Sorry, I am not buying it. Maybe others are though.
I want to thank you for your posts. I sold all my Zion stock weeks before the announcement when you first hinted that even if MJ-02 was not a viable well, Zion may be able to go back into MJ-01.
It was that moment when you pivoted in your posts, very subliminally way, that I knew the outcome was going to be bad.
I guess time will tell.
Bruce..... you are the Travel Agent for Guilt Trips.
Everybody knew the risks
Everybody knew it was a Wildcat Shot.
Everybody will live through it....
i forgot to put links .....oh...don't need one..
Good post, but maybe you are drawing to thick of a line.
The Blessing of each tribe is in turn for their brothers on some level.
Not unlike the body of believers. Each blessing/gift/skill serves the whole.
"Let all these rest on the head of Joseph,
on the brow of the prince among[e] his brothers." 33:16
We can see Joseph's blessing covers a future we all care about on this board:
13 About Joseph he said:
“May the Lord bless his land
with the precious dew from heaven above
and with the deep waters that lie below;
14 with the best the sun brings forth
and the finest the moon can yield;
15 with the choicest gifts of the ancient mountains
and the fruitfulness of the everlasting hills;
16 with the best gifts of the earth and its fullness
and the favor of him who dwelt in the burning bush.
Let all these rest on the head of Joseph,
on the brow of the prince among[e] his brothers.
17 In majesty he is like a firstborn bull;
his horns are the horns of a wild ox.
With them he will gore the nations,
even those at the ends of the earth.
Such are the ten thousands of Ephraim;
such are the thousands of Manasseh.”
Then we go into brother Zebulun in the prophetic passage.
The gifts of the earth. Fruitfulness of everlasting hills, treasures in the sand...
blessings for each tribe and whole nation.
Before you object and say this is all for the near. Near being close to when it is written. No it is also Far. Fully realized in days we have not reached up to today. Prophetic can be both.
What we see in the land now is the word in motion, growing and changing every day.
Good times.
<< Deut. 33:19 says speaking of Israel, “ They benefit from the riches of the sea ( which I take to mean natural gas from the Mediterranean). >>
Deuteronomy 33 speaks to the sons of Jacob.
Specifically, Deuteronomy 33:19 is speaking to Zebullon and Issachar. We can see that in the prior verse (33:18).
"18 About Zebulun he said:
“Rejoice, Zebulun, in your going out,
and you, Issachar, in your tents.
19 They will summon peoples to the mountain
and there offer the sacrifices of the righteous;
they will feast on the abundance of the seas,
on the treasures hidden in the sand.”
Boom Shaka Laka!!!! Kapowie!!! Whoo Hoo!!!
And what goes with lots of Gas .....Oil !!! Black Gold....Texas Tea !!
Exactly, thank you for sharing.
Israel has now become an energy producer and exporter. Bringing up gas from the sea and forming new alliances of reliance and wealth.
Please interpret the other verses goldbug7 shared.
Those verses can be translated in many different ways, and many times people read into them (and many other verses) what they want to hear and believe.
<< Genesis 49:25 says, “Blessings of the deep that lies beneath”. >>
The "deep" (Hebrew "tehowm") is mostly used when talking about the depths of the ocean / sea.
https://www.blueletterbible.org/lexicon/h8415/kjv/wlc/0-1/
I’ve put a lot of time and money as well as prayer in this company. Why? No doubt because of the foundation this company was built on, God’s Word. Deut. 33:19 says speaking of Israel, “ They benefit from the riches of the sea ( which I take to mean natural gas from the Mediterranean). Israel used to buy their gas from Egypt and now Egypt buys gas from Israel. Ironic, no? Finishing that verse says, “ and the treasures hidden in the sand”( could that be oil from on land). I think so. Genesis 49:25 says, “Blessings of the deep that lies beneath”. Maybe our reservoir will be small in size but deep. Anybody know of wells that should be dry by now, but keep on producing beyond their estimated lifespan? Then there’s Isaiah 66:12 saying “ I will bring you lasting prosperity; the wealth of the nations will flow to you like a river that never goes dry. Notice the word FLOW. Both gas and liquids “flow”. Never goes dry…I wonder!
We just can't know....
Wr should know but, we don't. Reasons?
Speculation at this point.
Thank you sir, I know not these details but this sounds reasonable.
However, north in the Golan, the strata was > 300m thick, not like MJ1's < 60m. That was north of MJ1. However it's not that far when you see it.
We just don't know because Zion will not tell us. That is telling in itself.
I think they walk on eggshells and after being there, I understand why.
Thanks again.
This is what we know about the MJ01 reservoir size potential:
We know there is a fault line between MJ01 and MJ02 and that oil is not recoverable on the MJ02 side of the fault. Zion hopes it is recoverable on the MJ01 side of the fault. So, in one direction there is no oil. That limits the field size.
We know the target zones in MJ01 are not spectacularly thick per a PR from Zion. I don't have time to go back and get it, but someone can if they are interested.
So, if the MJ01 field area only goes in one direction and is not thick, then the reservoir rock volume is not large.
The next factor is porosity, which is now large the holes/cracks are in the rock where the oil/gas/water could reside. Zion PR said the porosity is low, so there is a very small % of the modest rock volume that is oil.
An unknown factor is water cut - Zion has been silent on this. The open spaces in the rock has some % of water and is therefore not all oil.
All of the above factors add up to "Oil in Place", but not all the oil is recoverable.
The primary factor in determining how much oil can be recovered is permeability and Zion stated that the permeability is low - this is why fracking has to be done. Therefore, a modest % of the oil in place is recoverable.
A second factor that affects what % of the Oil In Place can be recovered is formation pressure, and I am pretty sure the formation pressure is modest for the depth of the well. Pressure is need to drive oil to the surface.
An industry standard method to size recoverable oil is a Monte Carlo analysis with the above factors as inputs and the P50 number as an output; which means there is a 50% probability that the P50 amount of oil, or greater, can be recovered. Zion knows what the P50 is for MJ01 re-entry and has reported it to the Ministry. They just choose to keep it a secret from investors from whom they solicit funds, which is very unusual and even unheard of for a company looking for exploration funds. It was large enough to justify the work plan, otherwise the Ministry would not have approved the work plan and hence the license. But, it is not astronomical per all the above factors - I did not do the Monte Carlo, but I know with low inputs the output will be low.
It is just a guess, but I say the P50 for MJ01 re-entry is 20 million barrels.
Very unlikely.
No Garwhar there....
I have stood in that valley. I can concour that this is at least a reasonable consideration.
That well is on Low ground.
I am glad I went , I have a whole new perspective on things, and zion oil is but a minor part of it.
it's quite possible that the reservoir size is potentially so large that it's a Israeli state secret.
Followers
|
304
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
54235
|
Created
|
09/29/06
|
Type
|
Free
|
Moderators Porgie Tirebiter |
ABOUT ZION OIL AND GAS COMPANY
Zion Oil & Gas is a U.S.-based corporation formed under Delaware law, exploring for oil and gas in Israel on licensed and permitted areas of approximately 99,000 acres located onshore between Tel Aviv and Haifa. Click on below link to find out more about Zion Oil & Gas.
COMPANY INFORMATION
In 1985, during a visit to Israel, John M. Brown (our founder and CEO) became inspired and dedicated to finding oil and gas in Israel, and he started the process that led to the Joseph Project. During the next fourteen years he made several trips each year to Israel, hired oil and gas consultants in Israel and Texas, met with Israeli government officials, made direct investments with local exploration companies, and assisted Israeli exploration companies in raising money for oil and gas exploration in Israel. This activity led Mr. Brown, together with others who had assisted him during those years, to form Zion Oil and Gas, Inc. in April 2000 in order to receive the award of a small onshore petroleum license from the Israeli government. Upon its formation, Mr. Brown and the others contributed to Zion all of the technical, economic, legal and financial data they had accumulated over the years relating to oil and gas exploration in Israel. We were reincorporated in Delaware on July 9, 2003. Though we have been around a long time, support for Israel, it is similar to the recent phenomena of social and ethical investing,where in crowd fundraising and otherwise people can choose investments which match their social & political, etc., outlook. To our knowledge those groups are not discriminatorily targeted because of their beliefs.
Below link to ZN®ion's home page & corporate Public Relations banner, more info, inspiration of and ZN's SEC filing archive.
https://www.zionoil.com/
Share Structure
Ownership Summary as reported in the most recent 13-F filings
https://whalewisdom.com/stock/zn
https://www.nasdaq.com/symbol/znog/institutional-holdings
https://www.morningstar.com/stocks/pinx/znog/ownership
ZNOG Statistical Resources
https://www.otcmarkets.com/stock/ZNOG/quote Level 2
https://finviz.com/quote.ashx?t=zn
https://www.otcmarkets.com/stock/ZNOG/security
** https://finance.yahoo.com/quote/ZNOG/key-statistics?p=ZNOG
https://marketwirenews.com/stock/znog/short/
https://www.marketscreener.com/quote/stock/ZION-OIL-GAS-INC-5543530/
Penny Stock Exempt
Transfer Agent Verified
Independent Directors
Authorized shares: 800,000,000 11/01/2021
400,000,000 11/30/2020
200,000,000 09/30/2018
Outstanding shares: 323,653,837 11/01/2021
241,121,879 03/31/2021
238,488,738 03/05/2021
237,512,743 01/28/2021
237,167,067 01/04/2021
236,693,125 12/02/2020
236,524,194 11/30/2020
231,762,828 09/30/2020
173,367,104 05/07/2020
164,691,068 03/31/2020
123,973,084 12/31/2019
64,415,398 09/30/2018
55,888,399 12/31/2017
Held at DTC: 262,060,470 11/01/2021
179,968,498 03/31/2021
179,660,518 03/05/2021
179,487,173 01/04/2021
179,371,295 12/02/2020
179,413,084 11/30/2020
Restricted shares: *6,985,000
Float: 262,060,470 11/01/2021
223.78M 09/30/2020
124,191,166 01/17/2020
95.63M 12/02/2019
57,430,000 09/30/2018
Beneficial Shareholder: 45,700 08/10/2021
https://www.otcmarkets.com/stock/ZNOG/security
* estimate
* https://www.sec.gov/Archives/edgar/data/1131312/000121390020036443/f10q0920_zionoil.htm
Shorting Activity
Notorious clearing house for unlocked GTC shares, log in to see ZNOG availability, up dated hourly.
https://www.interactivebrokers.com/en/index.php?key=ZNOG&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
Links to see recent short interest activity
https://iborrowdesk.com/report/ZN
http://shortvolumes.com/?t=ZNOG
https://fintel.io/ss/us/znog bi-monthly + daily intraday
http://shortsqueeze.com/?symbol=znog&submit=Short+Quote%E2%84%A2 bi-monthly
http://www.buyins.net/tools/symbol_stats.php?sym=ZNOG daily squeeze & friction
https://marketwirenews.com/stock/znog/short/
PREDICTED REVENUE WHEN ZION OIL STRIKES
Netback as of 04/10/2020
Posted by JRyan 10/11/2021
NOTE: I am using 300 million shares, todays share price, & todays Oil Price
Jake Maruschok's ZNOG Netback spreadsheet updated daily...sometimes
https://docs.google.com/spreadsheets/d/1Oxc9TLczRxQ_OvAnqN8beZ4foiCXh3GTtuETheInesw/edit#gid=0
Source
https://stocktwits.com/jmaruschok/message/409362402
LATEST UPDATES 2020-2021
Zion Oil & Gas Completion of the drilling phase of MJ-02 well November 23, 2021
https://www.zionoil.com/updates/zion-oil-gas-completes-drilling-phase-of-the-megiddo-jezreel-2-mj-02-well-in-israel/
Zion Oil & Gas Operations Update from Israel as of November 11, 2021
https://www.zionoil.com/updates/zion-oil-gas-operations-update-from-israel-as-of-november11-2021/
Zion Oil contracted for directional drilling services, Operational Update 09/21/2020
https://www.zionoil.com/updates/press-release-september-21-2020-zion-oil-gas-drilling-rig-set-to-depart-for-israel/
What is Directional Drilling?
https://en.m.wikipedia.org/wiki/Directional_drilling
VIDEO: Casing the first section of the Megiddo-Jezreel #2 Well in Israel 2/8/2021
https://www.facebook.com/zionoil/videos/746152222987089/
.
Nature of Operations as of November 2018
Zion Oil & Gas, Inc., a Delaware corporation is an oil and gas exploration company with a history of 18 years of oil & gas exploration in Israel. As of September 30, 2018, the Company has no revenues from its oil and gas operations.
Zion maintains its corporate headquarters in Dallas, Texas. We also have branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.
Exploration Rights/Exploration Activities
The Company currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres. The Megiddo Jezreel #1 (“MJ #1”) site was completed in early March 2017, after which the drilling rig and associated equipment were mobilized to the site. Performance and endurance tests were completed, and the MJ #1 exploratory well was spud on June 5, 2017, ahead of the June 30, 2017 deadline under the then-existing license terms. The MJ #1 well has been drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet). Thereafter, the Company obtained three open-hole wireline log suites (including a formation image log) and the well was successfully cased and cemented. The Ministry of Energy approved the well testing protocol on April 29, 2018. Testing of the well is ongoing and the Company expects that testing will be concluded in the fourth quarter of 2018.
Depending on the final outcome and results of the current MJ #1 well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets are reachable using directional well trajectories.
Megiddo-Jezreel Petroleum License, No. 401 (“MJL”)
The MJL was awarded on December 3, 2013 for a three-year primary term through December 2, 2016, with the possibility of additional one-year extensions up to a maximum of seven years. The MJL lies onshore, south and west of the Sea of Galilee, and the Company continues its exploration focus here as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential. In late November 2016, The State of Israel’s Petroleum Commissioner officially approved Zion’s drilling date and license extension request.
On October 30, 2017, the Company sought a multi-year extension to its existing license. After receiving feedback from Israel’s Petroleum Commissioner, the Company submitted a revised extension request on November 9, 2017. On November 20, 2017, Israel’s Petroleum Commissioner officially approved the Company’s multi-year extension request on its Megiddo-Jezreel License No. 401, extending its validity to December 2, 2019. Until recently, the Company remained subject to the following updated key license terms:
No. | Activity Description | Execution by: | ||
1 | Submit final report on the results of drilling | 31 May 2018 | ||
2 | Submit program for continuation of work under license | 30 June 2018 |
On June 1, 2018, Zion submitted its Megiddo-Jezreel #1 End of Well Report (EOWR) for the MJL, thus fulfilling our item No. 1 Final Report license work plan obligation, shown above.
On June 14, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On July 1, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to November 1, 2018, as shown below.
No. | Activity Description | Execution by: | ||
1 | Submit program for continuation of work under license | 1 November 2018 |
On October 23, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On October 28, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to January 31, 2019.
The above notes excerpted from page 5 of 3rd quarter 10-Q November 8, 2018
https://ih.advfn.com/p.php?pid=nmona&article=78651027
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Notes from November 20, 2018 Operational Update:
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
?1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
?1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
Reference made to August 16, 2018 Operational Update re. future plans
https://www.sec.gov/Archives/edgar/data/1131312/000121390018011310/f8k081618ex99-1_zionoil.htm
/
November 2017 installing blowout protector (BOP)
Zion Oil & Gas Spuds the Megiddo-Jezreel #2 Well in Israel January 6, 2021
3D Grid Map upon completion October 2019
Source: https://www.zionoil.com/updates/
3D Assessent Report completed April 2020 is exclusive and proprietary to the State of Israel and ZION
3D & Rig podcasts
Robert Dunn, speaks about Zion’s recent rig purchase and other details of operations during this time of the COVID-19 spread worldwide.
https://www.zionoil.com/updates/zion-podcast-episode-1-interview-with-zion-chief-operations-officer-robert-dunn/
Dr Lee Russel, Zion Oil & Gas Senior Geoscience Advisor, speaks about his background, his coming to work with Zion, his work on the Megiddo-Jezreel #1 well, and his 3-D seismic interpretation work
https://www.zionoil.com/updates/zion-podcast-episode-2-interview-with-zions-senior-geoscience-advisor-dr-lee-russell/
Zion President, Bill Avery, and Zion CFO, Mike Croswell. Discussion includes the recent filing of the 10-Q, understanding financial aspects, how the rig is a game-changer for Zion..
https://open.spotify.com/episode/4xVV6kgCcFBvF76NsTHJki?si=NvH1GALjThS_ODpZJbsVDA
Jeffrey Moskowitz, Zion's VP, and Israeli Branch Managing Director. The interview discusses Jeff's role at Zion, his history , background, work at the Israeli office, 3-D Seismic work, the purchase of the rig.
https://open.spotify.com/episode/4xXap2YcEe5ZInnNdOSnJv?si=YBisoD9bSDm5Y-UkXOT2JQ
Zion Founder and CEO,John Brown. Discussion includes his heart for Israel, his single-minded focus on obeying God in all things, and his reliance on God's timing.
https://open.spotify.com/episode/2fzeiOxzB58isHgGu3uCr4?si=dx3u3fcIQkWEvbZm-FagEA
Zion Oil & Gas Purchases Drilling Rig for Israel Operations
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (ii) closed that purchase on March 12, 2020, the same day, by Bill of Sale from the seller to Zion.
On March 13, 2020, Zion paid the seller $4.6 million in cash and remitted the remaining $1.0 million in cash to an escrow agent to be held pending completion of acceptance testing of the rig upon its arrival in Israel.
“This is a new era for Zion and a positive step forward for our 2020 exploration plans,” Zion’s COO, Robert Dunn said. “With our asset based in the State of Israel, our planning and flexibility will become more robust.”
“We believe this is the right time for this to happen,” stated Zion’s President, Bill Avery. “Having cash budgeted and available for the purchase of this rig shows the strong support of our shareholders and evidence of God’s faithfulness.”
The rig is a 1600 horsepower AC Top Drive equipped rig with a twin 1600 horsepower mud pump system with a depth capability of 20,000 ft. The rig will be equipped with almost 15,000 ft of heavy 5” drill pipe along with associated well control equipment and inventory.
Actual rig pictured above. Currently stacked awaiting shipment to Israel. 1600 horsepower AC Top Drive equipped rig capable of 20,000ft depth.
The rig underwent a full CAT III & IV certification in late 2017, reassuring the quality of the rig and ancillary equipment, and it has drilled two wells since certification.
The rig and equipment will be imported into Israel from Romania, where the Drilling Rig is currently stored.
The State of Israel has currently imposed travel restrictions relating to the Coronavirus outbreak, including a requirement that any person arriving in Israel, including the operating crew for the rig, will currently need to undergo a two-week quarantine.
In addition, the ports of entry into Israel through which the rig will need to enter, may be undergoing work disruptions on account of the virus outbreak. Accordingly, it is not possible at the present time to accurately estimate the time or resources that may be necessary to import the Drilling Rig onto the well site or any delay arising as a consequence of the outbreak.
Zion Oil & Gas, a public company traded on NASDAQ (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.
WATCH THIS SHOW ON CNBC/EUROPE
http://www.exin.tv/mini/cplayer2.html?2,18%20Aug%202006,Zion%20Oil%20and%20Gas,CEO%20Gene%20Soltero
USGS Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
~~~~ RESEARCH LINKS & POSTS ~~~~
**** Compiled Zion Information, The SEC, Share Pricing, Field Size!****
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=142598743
* How oil and gas are resources estimated with MJ#1 detail & drilling timeline 7/17/2017 through 3/12/2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142326507
* Testing Zones update November 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144911158
* ZN Formation pressure encountered in 2018 & clarification of
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142566219
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144936287
* ZN Wellbore Pressure versus Formation Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145013764
* ZN Heavy gas encountered Oct 12, 2017: what it means
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144960708
Drilling and Testing Hot, High-Pressure Wells
https://www.slb.com/~/media/files/resources/oilfield_review/ors93/0493/p15_32.pdf
HPHT wells
https://www.slb.com/-/media/Files/resources/oilfield_review/defining_series/Defining-HPHT.pdf?la=en&hash=3FF8F894C76522C77D31DAF3B136B24371E7CCDC
Drilling & Construction HPHT wells
https://www.slb.com/~/media/Files/resources/oilfield_review/ors98/sum98/pgs_36_49.pdf
Directional Drilling
https://drillers.com/directional-drilling-everything-you-ever-wanted-to-know/
Logistics & equipment
https://www.halliburton.com/content/dam/ps/public/solutions/contents/HPHT/related_docs/HPHT_Global_Client_Brochure.pdf
Wellhole analysis, what we know
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Packers
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Reservoir Fractures & Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Small Acid Job & Completion Fluids
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143309742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143362301
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143440488
Formation Testing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143361725
MJ#1 zone trap area and size.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Discounted rig costs for ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144174715
Onshore Gas
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143858086
MJ#1 Reservoir Announcement Size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142884720
MJ#1 Geology After Testing Triassic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143028742
Genie, MJ#1 and the Rift (see 14min)
https://www.youtube.com/watch?v=Uqi1o-_a2ao&feature=youtu.be
https://blogs.timesofisrael.com/israels-oil-in-golan-megiddo-jezreel-valley/
Genie took ~2 years to spud exploratory well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143591767
Genie took 10 months to drill 1000meters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143590326
Map of four previous ZN wells
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143258821
Levant Basin report via USGS circa 2010
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
Fracking and how it relates to ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143300005
MJ#1 zone trap area and size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Well Test Step 1 - Open Hole
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142845818
Well Test #2 - Pressure Transient Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846173
Well Test #3- Production Flow Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846523
Well Test Summary
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846973
2D vs 3D Seismic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142854420
Risk Factor #1 - Can the well be drilled?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142701633
Risk Factor #2 - Finances Available to Drill And Test The Well?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142726740
Risk Factor #3 - Regulatory Approval
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142734193
Risk Factor #4 - SEC Compliance & Final Risk Factor Score Card
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142745430
Risk Factor of Exploratory Well vs. Production Well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143155094
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144935395
* Calculating PPS based on Israel's Energy Independence
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142628564
* Oil Company that owns 3D Technology
http://www.usgeophysical.com/
* How do seismic surveys work
http://www.oilandgaslawyerblog.com/how-do-seismic-surveys-work/#more-48
* How 3D Seismic Imaging changed the Drilling Industry
http://www.domeenergy.com/3d-seismic-imaging-changed-drilling-industry/
* 3D Underground structures in clearer focus
http://www.dea-group.com/en/dea-magazine-2017-01underground-structures-clearer-focus
* 3D In the Med & Middle East
http://www.pgs.com/data-library/europe/mediterranean/
* Basic 3D
http://www.drillingformulas.com/basic-understanding-about-3d-seismic-for-petroleum-exploration/#more-6265
* 3D Evaluation, sweep example
https://csegrecorder.com/articles/view/an-evaluation-of-single-vibrator-single-sweep-3d-seismic-acquisition
* MJ#1: " a focused 3D seisimaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forward/
~sq. kilometers to sq. miles
https://www.dollartimes.com/calculate/area/square-kilometers/square-miles
~If the area of the circle is 50 kilometer2
https://www.calculator.net/circle-calculator.html?radius=&radiusunit=meter&diameter=&diameterunit=meter&circumference=&circumferenceunit=meter&area=50&areaunit=kilometer&ctype=1&x=82&y=17
* MJ#1 Low Chloride Well monitoring:
~Salinity of fresh, brackish and sea water
https://www.engineeringtoolbox.com/water-salinity-d_1251.html
~Mineral content of drinking water, 100 USA cities
http://www.mgwater.com/mgrank.shtml
~WHO Guidelines
https://www.who.int/water_sanitation_health/dwq/chloride.pdf
~~~~ LAWSUITS LINKS & POSTS ~~~~
Lawsuits and SEC investigation impact
All Lawsuits Against Zion Oil & Gas Have Now Been Dismissed
https://www.zionoil.com/updates/press-release-april-1-2020-all-lawsuits-against-zion-oil-gas-have-now-been-dismissed/
https://www.prnewswire.com/news-releases/all-lawsuits-against-zion-oil--gas-have-now-been-dismissed-301033335.html
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142984351
SEC investigation filing, timing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586499
Shareholder Suits re ZN notice of Sec Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143563443
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144013604
http://securities.stanford.edu/filings-documents/1066/ZOGI00_01/201889_f01c_18CV02067.pdf
Yolanda Holtzee is Whistleblower by her own admission.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143550100
Opinion by IRisky
https://investorshub.advfn.com/boards/read_pmsg.aspx?message_id=143102483
Possible Reason for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143166134
A quick brief over where things stand
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143685490
[ZION $ZN AND] THE STOCK MANIPULATION MEME
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143727229
Possible Outcome for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144043255
JRyan's Lawsuit Compilation List up to Oct 9
https://investorshub.advfn.com/secure/post_reply.aspx?message_id=144235839
Lead plaintiff
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144252116
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144261260
Malicious Prosecution against a named plaintiff.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144499304
PacerMonitor, Texas Northern District Court
https://www.pacermonitor.com/public/case/25309943/Peak_et_al_v_Zion_Oil__Gas_Inc_et_al
Litigation accrued estimated loss $500,000 a/o Nov 8, see 10-q , page 33
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Assessment Report of November 6, 2015
~~~~~Image & Research Sources~~~~~
Assessment Report issued November 6, 2015
https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/
8-K exhibit from Nov 6, 2015
https://www.sec.gov/Archives/edgar/data/1131312/000121390015008273/f8k110615ex99i_zionoilgas.htm
The entire exhibit list
https://www.sec.gov/Archives/edgar/data/0001131312/000121390015008273/0001213900-15-008273-index.htm
Upper Jurassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 32,198 86,061 241,544
Recoverable 5,786 17,893 54,776
Triassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 9,322 26,901 85,250
Recoverable 1,749 5,699 19,694
Example of an Fault Line Structural Trap
https://en.wikipedia.org/wiki/Directional_drilling
MJ#1 zone trap area and size.~~~ We are talking thousands of acres size and feet deep for the reservoir.
~~~ Note: See Seismic Locater (figure 11) before attempting to read AR-2118 & ZI-5128 seismic maps.
\
\
\
\
\
\
\
~~~~~~Seismic Grid Axis~~~~~~
\
\
\
Chart Source: https://www.stockscores.com/charts/charts/?ticker=znog
ZN MJ#1 well finds active petroleum system that is not commercially productive. 3-D seismic testing in progress.
Zion Oil and Gas, Inc., a Delaware corporation, which has an active petroleum exploration license onshore Israel, the Megiddo-Jezreel License (“MJL”), comprising approximately 99,000 acres, announces that it has completed the testing program of its primary zones located within the Jurassic and Cretaceous-age Formations of the Megiddo-Jezreel #1 (MJ #1) well. As a result of the testing, Zion has determined that the well is not commercially productive.
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
8-k November 20, 2018
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |