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Woe is John Brown!!!! May God's wrath strike down all non-believers from the cult like message for not believing in his faith.
How many shares has he sold? How much money has he made off his "vision" thanks to shareholders? Do you silly investors not know how much he hath sacrificed - he even gave away some of his shares for FREE!!!!
Please give more, NOW people!!!!
#SMH
LMAO! If it does, then all those $.01 shares will bring it back down.
While you keep hoping folks waste their hard earned money on this dog penny stock - TSLA, AAPL and numerous others could have all bagged you 100% gains on your money.
Like approval to drill again would cause most with money to buy again and enjoy further dilution...SMH!
Maybe it's time a big fish came along and either did a JV with $ZNOG or bought them out,
Either way, and make it a condition that the fat be cut off, especially until oil is flowing by hundreds of barrels a day
I want to see them succeed and think the license will get approved
But, I also think it's time $ZNOG quit pretending that they are big fish with big coin rolling in from huge wells
It's time to get rid of a big board of directors, family members on payroll, company cars, apartments and such and operate like a what they are a small fry
Would it be feasible , as a last resort, for ZNOG to transfer the rig to Givot's lease to drill additional wells? ... seems they have some oil ... not really familiar with their situation/organization ...
A publicly traded company should abide by the standards of the public market sector and is fully culpable based on all secular market forces. If they wanted to manage the company the way they want to without much criticism, based upon poor appearances, then they should have stuck to private equity instead. Btw that private equity market is much much larger than then we all might think. That market would also demand such things as a 3D survey, logs, data, and a P50 before any cash infusion for operations would even be considered. Think VC.
For too long Zion management has assumed consistent financial support based on a faithful investor class. When the money dries up claims of “manipulation” fly and complaining about criticism. That’s childish.
We are in an age where companies are seeking more and more public financing. Just look at the amount of SPACs, IPOs, and zombie companies operating as of the covid flash crash. And Cava just ipo’d at a whopping $4.7 billion. A frothy, overbought, and bubble market we are in.
To the point, they could have done much more as we’ve discussed ad nauseum on all forums for quite sometime now.
KyOil, here's the real issue...
No money, no license. If zion cannot demonstrate the ability to raise capital, the Israel is done with Zion.
Mr. Brown's letter reeks of desperation. Sounded like a temper tantrum.
Zion Oil and Gas has lost the confidence of their investors because
1.) They kept spending our investment poorly rather then cut out fat. They don't need 12+ board members (Was Starr in the ASM or has he left?)
2.) They stubbornly refuse to give actual P90, P50 values with respect to drilling prospects.
3.) They state that they were lied about but none of that matters. Results do.
4.) They say they are good Stewards of our investment as they drive free cars, use free phones, pull down 300k salaries. All paid by us.
Only a few of them actually earn that level of pay.
Zion is not a scam, nor does it lack faith. Or do we as investors lack faith.
Zion is simply poorly run and has not produced results necessary to justify more investment.
Yes, in a land that only Givot has had somewhat a success. It is a different world there.
Did everyone catch the 12 million barrels comment? I did not know that Givot had that much. I know they produced over 1 million barrels before funding failed.
How much of their 30 year production license is left? 20?
Interesting times for sure...
Agreed. They have been clamped shut since the lawsuits and SEC Pandaization.
At least now their is some hope for a little offense. Money is the largest factor now that the whale(s) are silent (at least I think they are). No matter, we would not be here if not for the whales(s).
Still that Pxx number is important as the drill log well pics did not scream out great things.
Still, that was one of John's BEST emails since 2007.
Running out of funds is one of the biggest risks for an oil exploration company. Zion needs to tell us more about the opportunity (reservoir size if commercial) and cut expenses before production starts. The first will increase DSPP participation and I don't think anything else will. The second will allow the DSPP funds raised to go further for oil exploration.
Agreed that Zion should be doing more to cut expenses until oil is being produced.
I have been employed by large companies and my salary was secure as their profits were steady. The work was good but not exciting. Steady salary definitely has its appeal.
I have also been with start-ups that were pre-revenue and had to forgo taking a salary because revenue was delayed beyond the original plan. Work was exciting as something new was being created and commitment got us through the no salary period.
Zion burns cash like they have steady profits, but should be acting like a pre-revenue start-up.
good to hear from you tisdal. You make very good points.
Tisdal, when he mentioned Givot, that said it all really.
The oil is there, Givot ran out of funds. However, they own a production license and that means they could drill again someday.
I am glad he sent the email and addressed some of the issues.
Lawyers ruin most things they touch in the real world but that is the society we live in.
Agreed, actually it should have come out in 2018/19 timeframe.
Form 4 out. Insider Mazon just bot 25000 shares.
Don’t forget the cost of commercial real estate. It cost alot of capital for Dallas, Geneva, and Israel.
Must not be getting enough participation in offering
They are probably making just enough with every offering to make payroll. I mean, they have 12+ board members all pulling down $250k each and not a drop of oil after 40 years.
It's not a loss of faith, it's a lack of belief in the ability of this team to find oil.
We're sure there is oil there, just not sure these folks have what it takes to find it.
I appreciate JBs email. Too bad he felt unable to express those ideas before now. Answering the profiteering accusations only now after years of being accused is unfortunate. If you accuse someone of stealing or lying to their face and they dont deny it and dont acknowledge it, it looks bad. That letter was at least 1 year overdue.
JB sent out a new email. Take it for what it’s worth…..
6/15/2023
To whomever may be interested in knowing the truth (Proverbs 12:22)
Over the past 41 years or so, I personally have accumulated many news articles that numerous oil and gas professionals wrote about the abundance of oil and gas that is still yet to be found on and offshore Israel. These articles all say Israel's oil & gas potential is proven and will be very huge.
I am referencing only a few of these articles now, but eventually, I will share all the other information now that our SEC and all legal issues are currently all resolved.
Yossi Langotsky's article of March 5, 1999, quotes both the chief geologists of Shell and Exxon, who estimated oil of 500 to 2,000 million barrels from primary recovery for the Israeli Government. Also, the USGS Report by the US Government estimates 1.7 billion barrels of recoverable oil and 122 trillion cubic ft of Gas in The Levant Basin (offshore and onshore.) Zion's new Megiddo License will be in this basin. Also, a Globes article of May 29, 2011, says Petroleum Supervisor Dr. Yaakov Mimran indicates it's the same deep Cretaceous strata in the Levant Basin as in the Mediterranean. Also, in 2011 The Wall Street Journal article of April 5, 2011, quotes The World Energy Council's estimates of 250 billion barrels In Israeli shale oil deposits for comparison to Saudi Arabia's proven reserves of 260 billion barrels.
And many other such articles are available if people only read them. However, most skeptics today know very little about oil exploration in Israel and too often only listen to rumors and spin-off stories of others, believing that what they hear or see on the internet is accurate without any proof. I also knew very little about the oil business when I was first sent to Israel, nor do I have any idea what the future will someday reveal. But the miracles over my journey of faith have kept me steadfast in His word, never wavering in The Vision that he set forth in my heart for Zion Oil & Gas to find the Oil of Israel, which I believe will eventually come to pass. (Hab.2:2,3)
Furthering the science about the oil of Israel, scriptures in the Bible also confirm the blessings of the deep have been found. (Isa. 60:5) And Noble's offshore gas discovery was that proof. (Deut. 33: 18,19) And so is the oil discovery on Ephraim by Givot Olam. Tova Luskin was given the same scripture that I was in (Deut. 32: 13-16) before he found the oil on Ephraim, so far 12 ½ million barrels of oil have been found by Givot Olam, and I believe that discovery on Manasseh is next for Zion Oil.
Again, some skeptics interpret the oil in The Bible of Moses and Jacob's Blessing as Olive Oil (see the article by Steve Spillman 2006.) But this also is not true; and in addition to Steve's article, his father, Jim, in 1981 came to my church Zion Temple in Michigan, and revealed scriptures that had been given to him by God to write a new book, "The Great Treasure Hunt," and this was when my journey of faith first began. And Jim's new book was sold and distributed all over the media in the USA and worldwide by the Full Gospel Businessman Fellowship Conventions, virtually in every major city. During all this, by the way, this oil venture was, at that point in time, not my original vision or idea. I only believed what The Bible said before I received the scriptures (Acts 22: 14,15) and vision while personally in Israel in May of 1983!
Soon after, in 1983, the Lord called me to Israel to be in the oil business and to find the oil of Israel. Many skeptics still today think that we were only doing this for the money because there hasn't been a large discovery yet onshore. Still, my feeling is that after 41 years and all the personal time and money that I spent to create Zion before 2000, that The Vision that God gave me over 30 years ago is slowly beginning to come to pass. We fully intend to fulfill our "Journey of Faith" by finding and producing the oil of Israel on the head of Joseph, just like The Bible says. (Heb. 10:35, 36)
Very few people are aware of this because they think I did this for money. But that is not the truth. My son Mark and I both had to personally sign a two-million-dollar promissory note and guarantee before the state of Israel would issue Zion our first petroleum license in Israel. God says you can't serve Him and money both, and quite frankly, I don't plan on going to hell over money. (Ecc. 12:13,14) Stewardship over God's money is always a requirement and not optional. Also, misusing His word for any personal benefit or gain is another sure way of going to hell. (Rev. 22:18-19)
There have been many false accusations and rumors about me and others since I first began to read The Scriptures and "by faith" (1 Cor. 2:5) believed them to pursue The Vision that God gave me. Also, I have never knowingly misled or asked anyone to invest in Zion because of what I said that God said to me. The scriptures that God wrote about the oil and The Bible are what I and many others believed. We only shared our faith by believing in The Bible and not any fake news. (Heb. 11:1)
It should have been fairly obvious by now that after I had written the book, "The Oil of Israel Prophecies Being Fulfilled," it was entirely by faith (Jer. 30:2)( 2 Cor. 4:13) I said and wrote in the Vision Book that no one should invest in Zion Oil and Gas, Inc. based only on my faith, beliefs and personal interpretation of the Scripture, As we have said this many times over the years that any investments in Zion Oil and Gas, Inc. should be based on both prayer (Isa.48:17) and only after a very thorough legal and financial review of all of Zion's SEC Filings (www.sec.gov). This book, Prophecies Being Fulfilled, will be given out as a gift to whoever requests it directly from Zion Oil & Gas (www.zionoil.com)
Also, for your information, when I first started Zion (with all my own money), I personally owned 520,000 shares of Zion stock. To date, I have given away a lot of these shares as gifts to many others, and I still have shares that I plan on giving away to charities, churches, ministries, etc. I have never sold any shares of Zion stock because I believe what Jesus said in (Acts 20:35) "It is better and more blessed to give than to receive." So, when you hear others accuse us that we are only in Zion for the money, it is not the truth! And it will be proven by God in His court of Justice. (Or any of you can view all our previous financials and filings now at www.secfilings.gov)
I hurt because I'm concerned for all previous and present shareholders who may have, at one time or another, believed what The Bible said but have turned back and now have questioned the honesty and integrity that God requires us to have. Endurance, patience, and unwavering faith, which I believe will eventually win out. (James 1:3,4) The SEC review and other lawsuits have hurt all our shareholders financially while we were made to wait and while our stock price was being manipulated. Why? Because of all the lies being spread about Zion to others! These are the people who will be held accountable to God and not Zion. (Pro. 8: 6-9)
Well Bruce that certainly was a good start but you kinda dropped off on your references
Nobody's knocking you .....and everybody on here has their own opinion.....but most show where they get the information they are opinionated about and it lends to credibility. You're a smart guy - you know the drill.
As far as enjoying our own misery - you seem to be enjoying being in the middle - so all we are missing is a bucket of beer and a producing well.
have a great day Buddy.
So.. were they saying there's water in the well?
That only states how the process works, without any delays or requests for additional data, or changes
It does not show an approval or denial
There could be a delay for any number of reasons
We will not know one way or the other until it is announced.
Despite, once again, the expert opinions on previous wells, we still have no commercial grade discovery.
We still don't have any official documentation that approves reentry into MJ01.
Same song and dance by the same "experts" and commentators. Still produced NO COMMERCIAL GRADE OIL.
Why would anybody in their RIGHT MIND continue to believe them when nothing from nothing still produces nothing.
Peanuts, popcorn, cracker jacks...
It's a shoe in. Discovery was made. Thanks for this confirmation.
Aww, give me a break.
I posted the link before.
Israel has 60 days to approve new lease application. And there is a 30 day appeal. The mathematics does not add up with what Zion Oil is saying.
See my post #52911
The link "Petroleum Commissioner Guidelines for the Approval of a Discovery" still works.
You keep saying I post hoo-hum information, so now you want me to repeat it? So it is repeated.
I'm fine with you guys enjoying your own misery. Leave me out of it.
Yep I figured they weren't any, but figured I would ask, price is gonna rocket when license does get approved
Notice the convenient silence from some as they don't have a link or reference to their comment.
They are hoping you don't remember .....
They are hoping you will forget about the comment
ZN is a perfect target for this type of manipulation .....
and They have brought it on themselves.
Lay on McDuff !!!!
I pray that ZN hits something hits and hits soon.
All the faithful shareholders have waited so long for this to happen.
Well if we are just stating opinions, mine is Israel will roll the dice once more and let $ZNOG go ahead give it another try
Now the Energy Ministry or the Kibbutz may have asked for more data or asked $ZNOG to environmentally methods
We can opinion the daylights our of any ticker
KyOil, I really enjoy your posts. They are informative is an understatement
I get more information out of a single post of yours than I do ZN's BOD for a year.
how do you come up with all this information ??
Why does ZN not give it to us ?
Remember how (I can't recall his name) was holding up a shot glass of oil and declaring success?
That still haunts me - and the trust factor.
Best of luck to us all.
There are some on this site that do not post links or references because they simply don't exist
The Term "Trust Me" comes to mind ....and you know how far that goes.
I just pray that there is some method to ZN's madness soon..... this has been a long row to hoe.
Please provide a link to rejection, I do not see it anywhere.
I know it says 60 days, but I see nothing showing it was approved or disapproved
Environmentalists object to fracking for all the reasons you mentioned.
Israel did approve fracking of MJ02 with < 100 micron proppants. And Israel tends to be very environmentally sensitive; especially under the previous regime when the MJ02 fracking took place.
Perhaps it was a combination of the small proppant and the small surface footprint that got it approved.
Just a question:
Do environmentalists ban fracking because of the chemicals or water used which might cause environmental damage to the underground geography?
Or do they ban it because it cracks the earth, which fouls the underground geography, cross, contaminates aquafers, and causes earthquakes?
Think like an environmentalist. No matter how environmentally friendly fracking is, it still cracks the earth. For the fracking operation, I think the new Halliburton electric system is the best at environmental friendliness, no diesel pumps, no diesel at all: all 100% electric, fracks with 99% water which safely evaporates away and dissipates, no environmental damage. Never the less, it still cracks the earth! Which is the point, and problem, with fracking in the first place.
I tend to agree with most of this.
I tried to comment but...
Anyhow, thanks KyOil.
Thoughts on the June 7, 2023 ASM
Technical
- MJ02 is close to MJ01, but on the other side of a fault line so it has different geology.
-MJ02 formation had three issues:
1. low permeability - potentially solvable with stimulation/fracking - but fracking operation was not successful in the three zones of interest at least partly due to Halliburton equipment failures, but it sounded like the formation was not particularly amenable either. It would be interesting to hear Zion say if MJ01 was successful whether the MJ02 side of the fault line has potential.
2. low porosity - not "solvable" i.e. the formation with have low recoverable oil for a given volume of reservoir rock.
3. low pressure - solvable by lowering well bore pressure with gas - N2 was used and was probably successful.
- MJ02 was fracked with a new technology proppant that does not require intensive water to deploy. Further, produced water from the well (saline) can be used which eliminates fresh water from being hauled in. Very cool. The new proppant has reportedly been used successfully in deep and hot wells. Sounds like Dunn does not want to use the "frack" word due to negative connotations from a large footprint operation that consumes a large magnitude of fresh water. They did frack though.
- MJ01 well bore was damaged by a lubricant added to the mud. A deep penetration technology will be used to reach out horizontally from the well bore into the formation past the damaged area around the well bore. This is likely not high risk.
- After deep penetration, MJ01 will have the new fracking technology applied. Zion believes that the MJ01 formation is better suited for fracking than the MJ02 formation was and therefore has a higher chance of success. Still, this is likely high risk.
- The fracking technology with the microproppant was not available 5 years ago when MJ01 was being tested. This is reasonable as there are constant innovations in oil/gas recovery. Its encouraging that the Ministry approved a fracking technology. If this technology proves to work in MJ01, then it will probably open up other targets in Israel.
Business
- Zion's operations reported to not be impeded by geopolitical events (for now anyway).
- New government is once again favorable to Zion due to Zion's track record and the Ministry's more realistic view on the necessity of hydrocarbons.
- Taking a very long time to approve the new license though - target is beginning of 3Q (July) and operations will start shortly thereafter. Would have been better for the new license to have been announced at the ASM. Just shows that the Ministry moves at its own pace even taking into account that they not able to start working on reviewing/approving the license until mid-January.
- Cash good through August which gives Zion time to announce that MJ01 reentry operations have started and a new Units program to fund the project.
Investor Communications
- Zion is trying to improve, but a lot of the information provided on MJ01 could have been provided many years ago. And the info on MJ02 certainly has been available for several months. I know the point at the ASM was to make the connection/contrast between MJ01 reentry with the MJ02 experience, but the information has been slow coming.
- I agree that the 3D itself should remain Zion proprietary as Dunn stated in the Q&A. But, I don't think that is what most investors mean when they ask if the 3D will be released. What they mean is will the P50 of the reservoir size as indicated by the 3D be released. And it should be released as this communicates what the opportunity is if all the drilling/stimulating operations are successful. Zion is very backwards in believing investors should put their hard earned cash into a risky venture without having any idea what the successful outcome would be. Yes, I know Zion has a vision that is compelling to many. But, that vision is no substitute for providing the business opportunity. As I have said in many posts, I believe the reservoir size reachable from the MJ01 pad is very modest, even with horizontal drilling. Zion would manage expectations much better by providing the reservoir size - i.e. Zion drives speculation by not providing the reservoir size. And I do not think they will see an uptick in the DSPP until the reservoir size they are pursuing is announced.
- Interesting that Dunn said a commercial well could be 200 to 300 BOPD. This is in alignment with my expectations for many reasons that I have posted before. This is indicative that the reservoir is not large. The reservoir size is more important than the BOPD from the first well, but generally the formation characteristics that provide a high BOPD also provide a large reservoir. In any event, 200 to 300 BOPD is a successful start for the reason's Dunn stated.
Summary
A. Zion is a one trick company - reentry of MJ01.
B. Reentry of MJ01 has a reasonable basis for its success, but it is high risk.
C. Points A and B infer that investing in Zion is high risk.
D. Zion does itself and its investors no favors by not disclosing the potential reservoir size reachable from the MJ01 pad.
E. Potential reservoir size is likely modest, but a good start if commercial.
F. If motivated by either the vision or the potential upside, Zion could be an interesting investment but DO NOT INVEST WHAT YOU CAN NOT AFFORD TO LOSE!
G. I know some think Zion is a scam. I don't - just think exploration is a tough business and they have had a tough time with several issues out of their control. However, they create a lot of their own problems by not timely/thoroughly communicating conditions in the oil patch.
Read the regulation and run the calculation:
"Where the Commissioner has concluded that he cannot determine that a discovery
has been made in the license area on the basis of the submitted data, he shall notify
the license holder about his decision in writing, and this within 60 days of the date
of completion of having submitted the data."
"Where the Commissioner has concluded that the data submitted by the license
holder is reliable and corroborated, prepared according to the best industry practice
and includes sufficient information and reasonable assumptions, and that on the
basis of this data he can determine that a discovery has been made in the license
area, the Commissioner shall notify the license holder in writing his approval of the
existence of a discovery in the license area, and this within 60 days of the date of
having completed the submission of all the data"
Zzzzz
Broken record
If you follow this "daily", as you guys do, you have to know the initial lease request filed Jan 24th has been rejected. They have until as late as May 24th to file an appeal, so it should be currently in appeal status. The final appeal decision should come in by June 24th, unless Zion Oil is playing games with the oil ministry and slow walking answers to questions from the ministry.
The initial rejection, by oil experts at the oil ministry, probably indicates 1) a massive oil strike by Zion Oil, or 2) they have chit. Your choice, what's it matter?
Bottom line, this is nothing more now than a penny stock of which millions in "salaries" will be siphoned off by the 17 senior staff and board members, while the stock itself will act as any penny stock does. Like I said yesterday, 7 cents is a good buy, but it's a penny stock now so beware.
The long term stockholder from this point forward is the friend of the penny stock day trader, they love you guys. If you are still in Zion Oil, be sure you brush up on how penny stocks trade.
...you gotta know, they have nothing. Sorry, but many of us don't gotta know that. In fact, many of us are hopeful that they do have something.
Now that was truly enlightening!
Good morning Shouldbe, I have not listened to the ASM yet; been very busy. Will soon :)
KyOil, have you had a chance to listen to the ASM? Wondering what your thoughts are? Seems very encouraging to me but I’m not an oil person….
.And if you miss that meeting rerun, there will be another meeting, just like this, a year from now.
Well I had comments, but watch the meeting. It is worth it.
This appears to be a minimum pricing for the re-boot.
Those with guts will get in, but it's really scary at this point 'cause you gotta know, they have nothing.
Chances of winning small are big, so I can understand that gamble. Unfortunately, chances of losing big are even bigger. Some will take that gamble. At one time, I did. And they will, too. I just hope they don't suck many people in with them.
Did anyone see a sharp rise in the share price after yesterday's meeting?
Yeah, me neither.
It proves once again that some talk like they know and the results prove that they don't.
Don't believe everything you hear. There are people here who drop in in hopes to keep pushing this as if this is the latest and greatest thing and it's not.
l will make it $100 that they will. You can contact me privately and we can formalize our bet. Your move.
We must have listened to 2 different meetings. I heard a lot of positive things, e.g. they will get thier license, tests showed "shows" at several levels and a high level of optimism that they will be succesful. All the negativity is so counterproductive.
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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/
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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
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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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