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Agile was a five man company. Agile posted the employee list on line. I checked their Facebook and Linkedin Resume of each of their employees online (2 of them were on Linkedin). Unless the Facebook account, the Linkedin account, and the Agile webpage were FAKE, the person who did the 3D reduction for Zion Oil was clearly identified, trained in an Iranian university and worked in Iran for 10 years as an oilman. And his Facebook account had him visiting his parents in Tehran two years prior, with shall we say the normal messaging taunts against Donald Trump (at the time) and Israel that you would expect. And he's the one that did the survey for ZION OIL.
After delivery of the info, Agile immediately closed down it's office and re-established itself in a private residence (based on their office for rent listing with the realtor, and people here DID verify that).
The information is now removed, but all was posted in real time and anyone else could have double checked the internet, had they wanted to.
As for 1 in 7 being Russian, or at least speaking Russian, that is a fact. Yes, it is a verifiable fact. And according to folks here, you need to keep 3D survey out of the hands of the Russians. Yeah, right. What does your common sense tell you? The Russians don't know?
Ahh yes, great memories coming back. I lived on the other side of the West Elks. Always had plenty of meat hanging even during 'farmers season". Waking up I could see deer and elk most mornings in the upper meadow. There are still a few creeks up in the West Elk yet to have put my pan into.
So what. Your broad stroke means nothing. Is the Iranian a spy? Could be. Do you have any special signs or crystal ball to point to this individual that could have worked with the data that could have leaked it to some Russian Jews in Israel? He could be an Iranian Christian posing as a Muslim too. Inquiring minds would like to know. Do some more deep dives please. Your theory is quite entertaining. Please provide some details to this ludicrous imagination.
So I guess it would be safer in the hands of investors who may be on ihug? Laughing.
Yes! Palisade peaches the size of 16" softball and Paonia cherries!! I miss the daily drive from Palisade to Somerset. Bowie mine, Oxbow and West Elk. Oxbow was my biggest monthly, but delivered and worked all three. Wonderful memories. There is a valley past Somerset I would pull into to eat my lunch and could see the elk below. Never saw any humans there.
How does Zion Oil keep the 3D a secret when 16% of the Jews in Israel and the Oil Ministry are Russian immigrants (1.5 million), and you use a very religious Iranian scientist (according to his Facebook page) working at Agile Seismic (according to the employee listing and his Linkedin resume) to reduce the 3D data?
It's like you never read any of the negative posts here, ever.
The only people the 3D report has been withheld from is the investor.
As a small businessman there were many times in the past where I took no gain in order to pay my helpers. It would be nice to hear of some efforts similar to keep the ship afloat long enough to gain the green light to continue on down hole with whatever needs to be done.
Many oil investors came into this oil play as myself that knew nothing of the John Brown bible connection. Albeit, I was glad to hear of the association with fellow Jews and Christians in the search for oil in the Holy Lands. Certainly makes for an exciting oil play. There is immense value to Israel having that rig on the ground and the knowledge gained from drilling. The 3-D view has to be well guarded as it alone has great value. Israel politics is no doubt having an impact on all things govt related. Can the company move forward with a plan that entices needed investment until green lighted? We are between a rock and hard place that requires solid commitment from investors that will come only should the company show earnest efforts and transparency. Morale is understandably at a low point. What we need is more solid leadership and less vision. So for myself and undoubtedly for some others, are we at a point of unforeseen opportunity or near exhaustion?
These are interesting historical time nevertheless. Glad to be a part of it in whatever way God sees fit. I lean to the side of hope and faith in spite of it all. May the charlatans be exposed and pray Zion Oil prevails.
<< Anyone think they are getting close to bankruptcy? >>
According to their most recent financial, they spent $1.2 million in the 1st 6 months (which equates to a burn rate of about $600K per quarter), and had a little over $500K in cash.
Does anyone know how much they raked in with the latest unit program?
Anyone think they are getting close to bankruptcy? They are up against it. Need a license very soon or they’ll run out of money and company higher ups start finding other jobs. How close is Zion to that being a reality?
holy shit, the sanctimony around here is still deep.
You guys are so heroic and selfless.....
You obviously care enough to respond.
Now, I mentioned no particular individual's name of who is deceived. So, if you're offended...
As for John Brown, you place him where you want to in your mind and I'll place him where I want to in mine.
One of the reasons I am still here other than the fact that I still own shares (BUT HAVE NOT AND WILL NOT PURCHASE MORE) is so that potential new investors and current new investors DO NOT drink the "kool-aid" some are serving here.
Common sense tells us that there is NOTHING WISE ABOUT INVESTING IN ZNOG at this point. Some push to continue to pour money into their pockets and have done so for years and not one drop of commercial grade oil has been produced.
All we get at the famous ZNOG UPDATES is the same old song and dance with just another tune. Think whatever you please, it's your right but as for me and my house, we will not buy a penny more of ZNOG SHARES.
Wisdom says to step back and watch. I'll tell you what if some are so eager to give ZNOG AND COMPANY continued paychecks for producing nothing, I'd be happy to receive a little of it myself.
I mean if some want to give fat checks without anything in return from them, I could use some of their money also.
Just saying...
Peanuts, popcorn, cracker jacks...
John Brown... never clainmed to be a prophet?
Would you believe zionoil.com?
From the Zion Oil mission statement, "When first visiting Israel in 1983, I believe that God gave me a scripture (1 Kings 8:41-43), a vision (Oil for Israel) and, as a Christian Zionist and New Covenant believer (Isaiah 65:1), the calling to render assistance to the Jewish people and Nation of Israel, and to aid them in the Restoration of the Land by providing the oil and gas"
Some of us would say a person who claims to receive a scripture, vision, calling, and honorable mention in the Bible (1 Kings 8:41-43 as "the foreigner"), is the claim of a prophet.
He certainly has followers.
Years ago, when he used to give interviews on TV, he claimed to be the person mentioned in 1 Kings 8:41-43. It wouldn't, or couldn't be anyone else. He doesn't do that anymore (that is, give interviews on live TV), but you have his mission statement.
ZNOG's like those "prosperity" religious scammers on TV. Disgusting. Greed cult wrapped in religion as justification for fraud.
Summary: You fell for a koo-koo religion based affinity scam.
For decades. Affinity scam's profitable for insiders.
John Brown and company are doing nothing but stringing all of us along.
Reading your posts makes always gives me some shred of hope.
Thank you sir.
And let us not forget: Isaiah 45:3-7
i still feel that God will bless you in different ways....because you bless Israel
Psalm 122:6
I remember those days on the western slope. I worked over the mountain from Paonia for Amax is the old Keystone Mine and had a friend who worked over in Paonia mining coal. That mine paid quite good wages better than I made with Amax yet if we made footage and a full turn the bonus was great. I sure miss those peaches and cherries! When Kebler Pass was open we would always use that route.
To hear the propaganda you would think that oil and gas supplies were about all used up. Funny how around the world the same big players are finding oil hands over fist but still trying to kill independent American production. Bi Bi is keen to this. Just hope Israel can dump their rising wokeness.
ZNOG
#oilandgas #OOTT #drilling #enhancedoilrecovery #eor #Oilprices pic.twitter.com/DxBGd70TRA
— 21st Century-Energy (@21stEnergy) August 8, 2023
I have been around a very long time and I have never heard John Brown claim to be a prophet. I agree whole heartedly that he is not a prophet, but to put him in hte same category as a Harold Camping is sinister. I am also very offended by your accusation that some (I assume many on this Board) are so full of pride they cannot admit they are wrong;. You seem to have put all your value in the fact that oil has not yet been produced and JB et al al are intentionally "stringing all of us along." Let's talk about arrogance, shall we. You act as though you have been to the mountain top where you personally gained knowledge no one else has and because of your incredible pride, everyone who believes differently, is deceived. Other than perhaps Bruce, I don't think many on this board care much about what you have to say.
You are so right! Regarding the sun causing cancer, read Psalm 121 verse 6. It has always been there for folks to read.
Exactly.
John Brown is not a Prophet of the Lord like Moses or any of God's prophets.
John Brown isn't a Prophet nor one of God's chosen leaders at all.
He's a man that heard something that sparked his interest so much so that he decided to pursue it and say, "God said..." just like people like Harold Camping who had people believe not once but twice that Jesus was returning for his church in 2012.
John Brown and the B.O.D. are people who know how to make money and keep it coming while while not producing anything. I think some people pride is so big that they won't admit they're wrong and that John Brown and company are doing nothing but stringing all of us along.
It's also true God does not have to put oil where John Brown demands it.
Another "inspirational email" from John Brown.
Here's mine...
Jesus said, "behold I come quickly...) that was nearly 2,000 years ago. Aren't you glad he didn't decide to take his time.
Most welcome! When I moved to Palisade and worked for a industrial supply company who lived off the coal mines. I went to the three mines near Paonia everyday with thousands of dollars of supplies. Longwall moves were amazing. On call 24/7. But anyway remember the stories of ExxonMobil sign of the double cross. You can Google it. Big pull out. Boom to bust for the Western Slope.
The CIC has used the phrase "drill baby drill" last two speeches. South Carolina and in NH.
What is coming is great for us in so many ways. Particularly ZNOG too I think.
We are leaving the ridiculous deception and lies needed to cover up true intentions behind fake science.
If you scratch the surface of the lies behind global this or that it is easy to get to the bottom of and reveal motivations.
Full and ultimate control of all and hoarding of all luxuries and privileges.
Irisky....so great to see you post the truth about God's oil.
Is it not amazing how when the truth hits you wonder how did I ever fall for even a second for that one? Dinosaurs....please.
It is embarrassing.
We are living in a time of "Showers of Blessings" if you love the light and truth.
I can say I never fell for " Sun bad" cancer causing. Never....no the sun block is bad, but not the sun.
Or global this or that or over population sustainability. Always knew it as what it is. Propaganda with an agenda.
The world is coming into a boom time after truth roll out. And short term we will profit from ZNOG I think.
But watch out for hidden technology right behind take down of the fraudsters.
Maybe sell high.
The News started putting out reports saying the the Midland Odessa Oil Fields were played out.
Same thing on the Eagle Ford Shale Fields.
Then we get a GREAT President in the White House and next thing you know we are a Petroleum EXPORTER !!!
And since we have quit drilling and pumping out of those wells.....they are filling back up again.
https://oilprice.com/Energy/Energy-General/Are-Oil-Wells-Recharging-Themselves.html
Oil is NOT FOSSIL FUEL ....
https://www.thoughtco.com/does-oil-come-from-dinosaurs-1092003
OIL replenishes itself
https://www.discovermagazine.com/environment/why-well-never-run-out-of-oil
What I want to know is ..... What happened to all the 3D Data we shot ? Is anybody using that to see what we have in hand ???
Bruce...I put those links in for you. And here's your sign
Hey J777S, thank you for sharing the interesting article. New developments occur in the oil patch frequently and it is difficult for someone to stay current. The trick for the future is to avoid spending more energy to discover/recover the oil/gas in a given new field than in energy provided by the field. The R.A.M.S. technology sounds like it is a step in that strategic direction.
In general, yes, when new technology comes along then re-entering a well can be very profitable and perhaps even less risk than drilling a wildcat well.
The R.A.M.S. article deals with "oil shale" which is shale rock containing kerogen that has not yet been converted to oil/gas.
Zion is likely not dealing with kerogen in "oil shale", but a tight "shale oil" formation that needs fracking. The order of the words "oil" and "Shale" determines the type of formation and hence the technique required to produce it.
I wish that company was current. I would buy a few.
I am quite familiar with the Western Slope having staked many uranium claims for Homestake Mining and others from Naturita to the Pitch Mine on Monarch Pass. Thanks for this info on the R.A.M.S. technology. Too bad the state of Colorado was taken over by tree huggers. I remember when it all started back in the early 70's the effort to shut down mining of all kinds. Now Biden has just created a million and half acres in Arizona as a National Park off limits to mining.. of which there is trillions of tons of yellow cake to be had from that area. The same silly fools are trying to do the same for mining in Israel. Long live BiBi.
https://fortune.com/2023/08/08/mining-companies-push-back-biden-announce-new-grand-canyon-national-monument-arizona-uranium/
How funny in Germany where the govt has now designated Nuclear energy as green! See what a hot summer can do and a cold winter where you cannot even burn wood to keep warm let alone buy coal or fuel oil. And now they are taking away gas stoves from those conspiracy nuts!! Let's hear it for Zion... get to crackin, drillin, doin sumpthin like cutting salaries by 2/3.
Well, in the fact they do not have commercial oil (yet) you are correct.
I enjoyed my conversations with him. I know he was not in good health so I hope he is OK.
Thing is, way back then it was a gamble just as it is now. Wildcating is a rough way to go.
However, Givot showed oil is there, of course Zn is not drilling in the Meged field, but there is a Meged field and that's the point.
If this company did not have that mission statement, a lot of the angst towards them would not be present. Then again, I probably would not have invested either.
Afek was there, and others but it is not the same.
Nathan - if your reading this. Hello and hope you are ok.
The thing about Nathan's posts are you could go back six years and repeat every single post he made and post them today, and they would be as accurate now as they were then.
Yep, I remember.
Accepted.
You know who.
For those that have been around a long time, remember Nathan?
At least he had class, hated the stock and company. Not sure if he was part of it.
So many are asking what the heck is Ryan talking about?
Ah, wouldn't I like to post it.
I guess some on the hoo will start on me again. I have big shoulders.
I highly doubt it
<< I suspect that the lease status is not a material event for an oil exploration company. So they are under no obligation to tell you, either how many times they have applied nor the status of those applications. >>
A material event for a stock is any event that is likely to have a significant impact on the value of the stock. As such, I would consider a renewal of a lease a material event, since it is a crucial event to the company.
Yes there are folks that want this company's death. They do not care what it costs.
Why? Well read the mission statement, use a little ingenuity and you can figure it out.
Some here already know...
Shalom.
I suspect that the lease status is not a material event for an oil exploration company. So they are under no obligation to tell you, either how many times they have applied nor the status of those applications. I suspect they will say nothing through the 3rd quarter of this year. (other than the lease is still under consideration). And by summer of 2024, lease status will still be in question. Can you imagine what the posters here will say?
"They must of struck a huge, massive amount of oil, for Israel to take that long to approve it".
Regarding re-entry and use of new methods.
I own a few shares of another penny stock that was working the western slope of Colorado and then 2008 finally affected the shale oil boom in western Colorado negatively as well.
The article relates some of the progress in processes.
https://finance.yahoo.com/news/frontier-energy-highlights-over-600-164500821.html
New Frontier Energy, Inc. (OTC:NFEI), exclusive licensor of Resonance And Micronization System (R.A.M.S.) technology, has reported a reduction in liabilities t...
I wonder specifically what they will be doing differently to bring about flow?
Any thoughts Kyoil or any one else?
Re-entry would be quicker than first time drilling?
How many here believe the new lease will be granted by the end of the 3rd quarter next month? I hope I’m wrong, but I do not.
Bias to destroy a company?
Wow, some folks have drank the Jim Jones juice.
Does this company have any revenue????
Does this "DRILLING" company even have a lease to drill, right now???
Has this company announced any layoffs, reduction in salaries, moving its office into a small office space with shared resources to cut costs?
Has this company diluted the hell out of the stock in order to beg people to give their hard earned money to all of the above?
THIS is not a startup company. It has a very, long track record of losing money to investors, right?
Remind me again, how someone's bias is destroying this company?
/sad
Nobody is slamming him. People just don't like the fact that he collects more than 4x the medium family income from a company all these years, that makes no money.
All while allegedly shaming those who don't believe in his vision that he believes came from god.
His answer is call out people for lack of faith and remind people that he has graciously spread his wealth. Like somehow giving people free shares at times justifies it all.
If I missed his email saying that he is no longer being paid by the company bleeding money, with oil lease and no active operations other than fundraising to pay for his salary and others, then please forgive me.
agree 100% JR..... and for what reason ??
it's crazy how some just want to destroy.
More like mad that they were silly for investing their hard earned money into such a POS stock that has a drilling rig collecting dust, management diluting stock and $$$ keeing their wealth train going, chosing to post so other people don't fall for the same BS.
It may all be perfectly legal. However, honest posters willing to challenge the sunshine pumpers and the false profit getting rich off this POS is a good thing in my opinion.
They might be making a little here and there but that is not the purpose.
Bias is to destroy the company. Ongoing for years now.
It's documented elsewhere. Interesting thing is my theory was confirmed at least to me with the transition to the OTC. It didn't stop.
Of course the company doesn't understand offense only defense.
One can win a Superbowl with a top3 defense, but they still have to put points on the scoreboard.
It was not directed at you, I think your just a very mad stockholder as many of us are.
Motives for others are money and an bias.
What do you think my real motive is?
Do you have some special insight to others motives or intentions?
I would be very interested in your judgment of my motives and intentions.
Question I have is the reverse, the are those here to post nothing but negatives. Why? For a 7 cent stock?
Motives, that's why.
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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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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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