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Some people know this:
Sept 1, 2021
"Israel will no longer issue onshore oil exploration permits, Energy Minister Karine Elharrar said this week, vowing to focus on renewable energy sources.
"Starting today, no more licenses will be issued for oil exploration on land in the State of Israel," Elharrar said at an energy conference on Tuesday, as carried by The Times of Israel.
Israel currently has five onshore oil production licenses and three onshore oil exploration permits."
Somebody must know something...LOL!!!
Peanuts, popcorn, cracker jacks...
If by law all "new" oil and leases in Israel must be competitively bid, does that mean Zion Oil can only get a "new" lease (without competitive bidding) if and only if Israel knows for sure the lease is worthless?
If a politician makes a public statement that no new on-shore oil and gas leases will be approved, will a bureaucrat choose to or be able to over-ride that decision?
If they get a "new" lease which requires fracking, and Israel does not allow fracking, will they still be able to frack?
And finally, do we even know if there is commercial oil present?
I really don't get it, guys. I really don't. Mathematically speaking, if you have 4 unlikely events, each with a 10% chance of happening, and need all 4 items to happen for a successful outcome, the probability of them all happening is 1 in 10,000.
Like Sand Through an Hour Glass, these are the days of Zion Oil...
This is the probable timeline as I see it: (Satire)
Application to Israel put on hold, Israel is like, where's the money?
ZNOG, how are we going to raise money with an $.08 stock, a drilling rig, and no lease?
We will dilute the stock and sell $.01 warrants! Surely, we can find some new, **investors**!
Woo, hoo! It worked. We didn't raise as much as we wanted, but just enough to pay Israel the money for the lease renewal!
Once it is announced our lease has been renewed, there should be a good size stock bump and we will sell more shares to raise money to cover the cost of relocating pur drilling rig and start on MJ-01 again.
Hey JB, what are your thoughts?
Did we raise enough money to pay the Israel's to get a lease extension?
Yes sir!
Great! god is great! My vision is alive. I will send out an email immediately knowing that the lease extension will be signed and we begin in the third quarter, that way investors won't lose hope.
May the good spirits be with you always!
Very odd. You and I both read today's letter from John Brown.
You see it as bullish.
I see it as bearish, not just bearish, but clearly, acknowledgment that as of today, they don't have it.
From Mr. John Brown
“Now Faith is the substitute of things hoped for, the evidence of things not yet seen.”
(Hebrews 11:1)
“That your faith should not stand in the wisdom of men, but in the power of God.”
(1 Corinthians 2:5)
To: Zion's Friends and Family
Subject: Zion’s Prayer of Thanksgiving for our future oil discovery in Israel which God had promised Zion in May of 1983 in (1 Kings 8: 41-43) and in (Jer.33: 9, 14)
“Blessed are You, Lord God of Israel, who is our Father, forever and ever. Yours, O Lord, is the greatness, The power and the glory, The victory and the majesty; For all that is in heaven and in earth is Yours; Yours is the kingdom, O Lord, And You are exalted as head over all. Both riches and honor come only from You, And You reign over all. “YEHWEH” In Your hand is all power and might; and In Your hand it is to make great and to give strength to all who asks and prays to you in the name of Jesus.” Now therefore, our God, we thank You And praise Your glorious name for forever and ever. Our Lord our God for all this abundance of oil which will only be from your hand. O Lord, God of Abraham, Isaac, and Jacob, and for this we Bless you our Lord and God of our fathers. Because all of your promises in The Bible prophecies will soon be fulfilled for the oil of Israel to be found on the head of Joseph. And this blessing is only from you and for your people and Israel.” (Gen. 12:1-3) (Heb. 11:21)
John Brown
(Acts 22:14,15)
(John 14:13-14) Don’t forget to please pray for the approval of our re entry into the MJ-1 well and for the increase in value of our stock for our shareholders.
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including, but not limited to, statements regarding Zion’s operations and the results therefrom, including testing and completion; Zion's ability to discover and produce oil in commercial quantities; Zion’s ability to continue as a going concern; operational risks in ongoing exploration efforts; regulatory approvals needed for our license and the rig’s operation; the effect, if any, of the coronavirus pandemic on the timing of the operation of the well, and liquidity for shareholders on OTCQX are forward-looking statements as defined in the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties, and other unpredictable factors, many of which are described in Zion’s periodic reports filed with the SEC and are beyond Zion’s control. These risks could cause Zion’s actual performance to differ materially from the results predicted by these forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Zion’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Zion’s filings with the SEC. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
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Yeah, THE DATA...
You mean THE DATA we've been hearing about for years and still no commercial grade oil discovery?
You mean THE DATA where we spent millions in paychecks and dug a MJ02 only to go back to MJ01 where we were once at?
THAT DATA?
You mean THE DATA that's asking for more millions without even having a license approval but still keep sending those paychecks in to the B.O.D?
THAT DATA?
OH, I GET IT.
THE DATA THAT KEEPS US IN AN ABYSS OF KEEP BELIEVING BUT KEEP PAYING TOO EVEN THOUGH THE SHARE PRICE IS AND CONTINUES TO BE DEVALUED.
Thanks for reminding me. I almost got it confused with some surreal data.
Peanuts, popcorn, cracker jacks...
No I cannot, neither can you say license will not be approved, nor can you say there will not commercial grade / qty & quality to pump
It is all a calculated risk, we all have to make our own decisions based on data we have, emotions set aside
What does the data tell a person, what is in Israel's best interest? Let a company continue to punch holes inn the ground at their own expense, with a chance if producing oil for Israel or say no?
I think the Israeli government, will day, yeah go for it
So, are you implying or can say unequivocally that Zion is going to get approved?
IF they get approved, can you say for a certainty that there will be a commercial grade discovery of oil in a well they've already been in?
Peanuts, popcorn, cracker jacks...
It says here, that they did apply on 24 Jan 2023
https://www.zionoil.com/updates/zion-oil-gas-operations-update-from-israel-as-of-january-31-2023/
To get an idea of what Zion Oil has to go through to get approval for a new license, check out:
https://www.energy-sea.gov.il/English-Site/Pages/Regulation/Petroleum%20Commissioner%20Guidelines%20for%20the%20Approval%20of%20a%20Discovery%20-%20English%20translation%20with%20disclaimer.pdf#search=petroleum%20rights%20pdf
Did Zion Oil ever say they completed the application? Not just a letter but an actual application? If so, a decision should be received within a couple weeks. It's 60 days plus a 30 day appeal is how I read the time-frame.
And sometimes they don't
.
When the fish takes the bait, sometimes they bite down even harder, sealing their fate.
thank you for the 150k shares @ .0833.
what a windfall a comin
But it's nothing new.
From displaying five jars of oil in the star of David configuration 2 weeks before announcing a dry hole, to telling an investor they were encouraged and optimistic on CHAT three days before sending the drilling crew home (yup, another dry hole), they have always done that.
It's like 20 or 30 positive PRs then one aw-chit PR, per hole. That's what they do. And it works, like a charm! Every time.
100% agreed, these clowns will do anything say anything promise anything to keep those paychecks rolling
The new PR is misleading and borders on being dishonest. We need new leadership. A few people on the board are well respected within Christian circles. I don’t see why or how they can continue to have their names associated with Zion Oil.
"celebrates significant milestones"
Milestones accomplished these past 5 1/2 months during a time when Zion Oil had no license.
.
I sure hope you're right.
Someone gonna hit one day,
Believing the lie....
There are over 500 holes in Israel that could benefit "new techniques" however ZNOG is the only company offering this service and it can only be applied to MJ#1 ???.
Like I mentioned before, if Zion Oil were smart, that's what their company could do, that is, go around to those 500 holes and excite them (and their stockholders).
Speculation, IMO it's gonna get a nice spike here on license renewal
We will see, cause license renewal should anytime now
Actually best thing that could happen would be getting a renewal and new techniques enabling ZNOG to produce a gusher the Country of Israel
LOL…you have to have money to drill. Why would anyone in their right mind buy this stock right now when they have insanely high overhead, aged drilling equipment collecting dust, and their only hope is Israel allow$ them to drill another 7-8 months, so ZNOG can announce-sorry we were initially right about MJ-01! Of well, we tried again, so let’s go back to MJ-02 and try it again, AFTER we dilute the stock even more and raise more money to cover the operating cost in America…
I am LMAO. I got suckered, but thankfully did not lose too much. The comic relief from all the pumpers and strangely sounded experts, making alleged unbiased posts to help keep the money flowing is hysterical.
The best thing that could happen is Israel denies the new lease and this stock dies, so more people don’t buy it and lose their hard earned money.
No not everyone, lots of buying going by peeps, waiting for the wild ride that's coming when license gets approved, stock should have a nice run up, when it happens
"OTCQX: ZNOG) celebrates significant milestones and divine guidance leading the company into a new phase of operations in Israel.
"We have seen God's hand guiding us as we make significant strides toward our mission"
"excited about the potential for success by utilizing new perforation methods."
"we are confident that we are part of God's plan for Israel," said John Brown, Zion Founder and Board Chair.
Dishonestly laundering shareholders money like global governments by ZNOG kind of ends all discussion. Answers it all really. Could be the case.
But if not there sure are many ways to filter this thing and wonder.
Just good old basic industry progress is in the mix if we are not investing in scoundrels like Eli's sons. Misrepresentation on massive level.
Geopolitical changes may play into what we are seeing in tone. Behind the scenes movement.
I lean towards the idea everything is not as it seems in the promised land just like it is not in America.
There's the old guard "politics that are giving way to a rising tide of "we the people" globally. It is big. The media covers it all up, but we the people know and see what is really happening.
The light of truth is shinning through bit by bit. Slowly but increasingly.
I submit rather than purposeful delays and milking investors, in part what we have here is a mission waiting on divine timing.
Could be nefarious motivations, but it may be oil flowing from the megiddo accompanies massive worldwide events some of us are aware are absolutely on the now visual horizon.
The Spirit within me is awakening to this whole effort again.
This surprises me.
The military has said they are saving Israel for last.
Very curious to see how this all plays out as truth continues to cascade down on the nefarious media and their owners.
I am encouraged by their claims of faith.
But we shall see.
Anyone buying right now is an emotional buyer (--->guilty<---) who hasn't done any real DD (not guilty).
I been said that. Zion basically said, we didnt do everything possible on the previous well, so now we need a redo. Like it was 20 years ago. I find everything Zion has been saying about re-entry to be unbelievable, and they are begging for money to boot. Biggest red flag there is. I'm like, "Just give me my money back." But alas, they cannot.
This is what I am trying to figure out.
ZN BOD is now telling us that there were zones of interest on MJ01 that we DID NOT EXPLORE?
So we drill MJ02.
Why didn't we explore MJ01 to the fullest extent of our capabilities ? If there was a depth of interest .... check it out!!
Maybe.....ZN is going to pressurize MJ01 and the Oil comes out of MJ02?
I'm being very sarcastic right now.
<< Where does the money go if Israel says "We gave you 6 tries, that's enough." >>
In their pockets, like it has for the past decade+.
Reminder: the last 2 wells are like 500 feet apart...they have not explained what is special or different about the previous well. This appears to be a ploy to keep money coming in. I want to be wrong. I don't want to be a sucker. And I want blessings for Israel. But Zion has given us nothing but empty promises and aren't even legally allowed to drill, yet they continue to ask for money. Where does the money go if Israel says "We gave you 6 tries, that's enough." That seems more likely than trying again on a previous failed well! To quote a senile politician, "come on, man!"
It might be the chart style you have selected. Linear charts don't necessarily show spikes and dips as they are "smoothed".
If you can select an OHLC, or Candlestick style it should show it.
Yep, I thought it was alerts acting up, I do not see the .1385 spike on my tda phone app chart
But trade history here on ihub shows trade #3 as .1385 as well
I-Hub is showing today's trading range as .083 - .1385.
Hey my phone was right!! Look at trade #3 price .1385 qty 2,000
Here is a weird one, fr TDA users
please let me know if your phone app had any similar glitches this morning
I got to two alerts from TDA phone app, just minutes after opening bell
1st alert said last at or above .12
2nd alert said last at or above .125
I had chit like this happen before,, buts it's been awhile
"Our 7th license application is in process,..."
Yet again, we are supposed to be excited seeing how the extension expired in February and we still DO NOT have official approval.
They want us to give, buy, and trust them but the biggest thing...
Keep them paychecks coming even though we STILL DO NOT have a commercial grade discovery.
They B.OD. has it good! They get massive checks and benefits while us shareholders have nothing but emotional hype.
Peanuts, popcorn, and cracker jacks...
“The victims have been called marks, suckers, and gulls.”
“That’s because con artists often prey on people’s trust and their propensity for believing what they wish was true—especially with get-rich-quick schemes and individual’s desire for a quick buck. They let their guard down and buy into what con artists feed them—all in the belief of the scammer and a high rate of return in exchange for a small investment, albeit a shady deal. But the convincing scammer skews the victim into thinking the payoff will come true and the scheme is legitimate.”
https://www.psychologytoday.com/us/blog/crime-she-writes/201909/the-art-the-con-and-why-people-fall-it
Another great read…
“From the artist's perspective, it's a question of identifying the victim (the put-up): who is he, what does he want, and how can I play on that desire to achieve what I want? It requires the creation of empathy and rapport (the play): an emotional foundation must be laid before any scheme is proposed, any game set in motion. Only then does it move to logic and persuasion (the rope): the scheme (the tale), the evidence and the way it will work to your benefit (the convincer), the show of actual profits. And like a fly caught in a spider's web, the more we struggle, the less able to extricate ourselves we become (the breakdown).”
https://www.inc.com/maria-konnikova/why-people-believe-liars.html
I remember predicting a bunch of hype coming when Zion Oil would announce their seventh well, but re-entering well #5 is not a seventh well.
The investment you have today is because of the particular meaning you assigned to the various press releases Zion Oil has made, a meaning that clearly didn't happen, and a meaning that wasn't there with the average person's understanding. So, twist away, the consequences of your twists are yours and your alone. But the 5th well is not the 7th well. By any measure.
5=7 is not anymore true that 2+2=5 (Orwell's 1984) or 1+1=1 (Kim un Jong's teaching to NKorean 1st graders). And that's the point, in those examples, they didn't want you to say 2+2+5, they wanted you to believe it. They don't want NKoreans to say 1+1=1, they want 1st graders to believe it. So if in your heart you know 5 = 7, then so be it.
I agree. Going back into well #5, some would label it well #7. Seventh license, seventh well. BTW, seven means perfection or completion in biblical speak!
7th license 7 years....awesome! Go Zion Oil & Gas! God's Speed!
As each week passes and we get these ZNOG drops along with current events I am increasingly of the opinion ZNOG will see success. Absolutely see production. But it will be tied to revelations of and dealings with global corruption on levels we have never seen. Ever..
There will be freedom to produce on the other side after dark ops become light ops or open ops and the healing and restoration to follow.
Success is coming I believe.
No one knows the exact timing, but it is coming.
I am content with my small monthly buys. I doubt I partake in more special offerings. Wonder if all my warrants are still valid? Really, buying gold in short term, or aluminum is the way to go.
My skepticism has vanished for some reason. Perhaps it is the scale of world events. ZNOG is a very small matter compared to events like BRICS, like states in America going precious metals backed....you can see the big changes coming. Petro dollar is going away to be replaced by real currency backed tangibly. The old guard in general is dead or on life support. Fake media holding up an illusion at this point. But short term.....ZNOG oil will be pumping and in demand. IMHO
And another offering
Understanding This New Stage for Zion Oil & Gas: Celebrating God’s Ongoing Provisions - https://t.co/AB53WXzQvv
— Zion Oil & Gas, Inc. (@zionoil) May 15, 2023
New UNIT Program with $0.25 Warrants#israel #energy $znog pic.twitter.com/SUImFaCORi
Zion has an opportunity to provide meaningful information at the shareholder's meeting June 7. Participation in the just-announced-today Units program expires several weeks after the meeting.
So, I would assume that without good info at the meeting this new program will not have any better participation than the last one. The Podcast linked in today's email is a rerun.
Therefore, IMHO, it all rides on a) meaningful info to attract diverse investors at the shareholder meeting, or b) return of THE Whale.
Others can add their priorities, but here are mine for info provided at the shareholder meeting with 1 being the highest priority, and without it not much else matters:
1. P50 of recoverable oil with MJ01 re-entry, assuming additional wells to be drilled into the reservoir.
2. New license granted.
3. Work plan details incl what perforation technique will be used.
4. Overhead cost reduction initiatives.
In any event, with the schedule info provided today its going to be Oct at the earliest before results are known/announced, and probably lucky to occur by YE2023:
a. Re-entry work to commence in 3Q
b. Re-entry work will take 3 months from commencement
Agreed.
The whale(s) are not there as of yet.
Zion Oil has better fill us shareholders in, I didn't think the dspp would be that small.....
Not good.
Hahahaha...Zion still has jokes. How many times in the past have they set time frames and we'll exceeded those times. Good joke on their part.
This is the one thing I agree with you on. They were known as some of the biggest snakes in East Tx.
But it's been a great run for DUNN's former employer, Viking Services, International, and it's billionaire founder.
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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.
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~~~~~~Seismic Grid Axis~~~~~~
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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
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