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Monroe,
Please educate me since you claim to have been around a "mining company where decisions are made."
I don't have a short position. Frankly, anyone shorting a $.06 stock is crazy.
Please explain to us neophytes how and why this is a great investment based on your wealth of experience and knowledge investing in mining companies.
I look forward to learning more from your response.
Thank you.
LOL, you really think he or anyone else is buying ZION knowing no lease, no revenue, stock dilution, and very little assets except for an old drilling rig collecting dust in Israel?
KEEP driving the stock lower boys. You can buy it on the cheap and make LOTs of money later when the stock rises a few pennies and warrants sell more shares at $.01.
Seriously, if Mr. Prophesy and all the management team cut their salaries by 75% and they were lucky to get a lease extension, maybe this stock has potential. Based on history that will never happen. They will milk this cow until the teet dries up IMHO.
Time will tell. It won't be my money though. Fool me twice and shame on me.
Say it isn't so...less transparency for a company begging for money, that is essentially doing nothing LIKE drilling for oil in Israel.
Anyone shocked???
Man, the hate directed towards Bruce sure does sound like butthurt from folks who may or may not be taking a nice salary at ZNOG.
Anyone attacking Bruce or anyone else, calling it negative, clearly have not followed the stock.
If Zion was producing revenue or EVEN had a lease where they were trying to find oil, then that would be positive.
Instead, all we read is stupid random articles about the Israeli government, scripture from someone who has financially gained A LOT of money from shareholders and massive stock dilution, essentially whoring for dollars trying to keep those big salaries paid, and of course drilling for oil.
I don't know Bruce. I have never met Bruce.
Some of you sunshine pumpers upset with him should focus on the folks who keep getting paid megabucks for doing little except for raising money (to cover their own salaries).
LOL, and without a doubt it crossed the blood brain barrier.
It's called grandfathering. And which acts to protect Zion and others already in Israel. The battle to control the government is hamstringing decision making.
It is what the short scammers do. They try to dominate the chat board by becoming mods. This is found throughout this site.
Seems you never have been around a mining company where decisions are made. Agile provides the data. The resident geologist and others make the decisions based on experience. No X marks the spot is ever a guarantee. It's always a gamble when drilling and you should know that much. Too use this to bolster your short position is typical for short pigeons.
Wonderful and clear logic. Love it. Precisely the kind of reasoning we need to use in recognizing processes and happenings in the world at large. Bulls Eye!!!
If one sees "coincidence" dig in. Don't stop till you understand.
thanks for sharing from the 10Q - a quote from the passage you posted:
These factors raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financials were issued.
That makes sense because I was looking for the same.
Hence, at least we know that greater than 50% is owned by a least one whale.
No 13g either.
Hmm. I would guess not a person but an entity, an entity that could have taken over last year but did not. Interesting.
Yes Tisdal, you are correct, if not for this whale, we would be done. I have said there are deep pockets that want Zn to fail, hence what you see posted all the time. However, there is something that wants to see success.
I am not worried about the Israeli government license because of this.
That is my opinion only. Investing in this at this point would be crazy. No information to judge the technicals.
Then again, the whole darn market makes no sense.
Crazy world.
KyOil, Whale may be supporting stock price also
The stock is cheap on the open market and the Whale has to know that a certain stock price level will act detrimental to the future value of the stock due to dilution.
The Whale is the only thing keeping this company a float.
C. Going Concern
The Company incurs cash outflows from operations, and all exploration activities and overhead expenses to date have been financed by way of equity or debt financing. The recoverability of the costs incurred to date is uncertain and dependent upon achieving significant commercial production of hydrocarbons.
The Company’s ability to continue as a going concern is dependent upon obtaining the necessary financing to undertake further exploration and development activities and ultimately generating profitable operations from its oil and natural gas interests in the future. The Company’s current operations are dependent upon the adequacy of its current assets to meet its current expenditure requirements and the accuracy of management’s estimates of those requirements. Should those estimates be materially incorrect, the Company’s ability to continue as a going concern may be impaired. The consolidated financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. During the six months ended June 30, 2023, the Company incurred a net loss of approximately $4.5 million and had an accumulated deficit of approximately $283 million. These factors raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financials were issued.
To carry out planned operations, the Company must raise additional funds through additional equity and/or debt issuances or through profitable operations. There can be no assurance that this capital or positive operational income will be available to the Company, and if it is not, the Company may be forced to curtail or cease exploration and development activities. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Scanning through the 10Q, I did not see a statement that says how long current funds plus projected DSPP funds will sustain Zion's operations. Did anyone see such a statement? It is often in the 10Qs.
factual links, not fairy tales.
Cults have a very strong influence on those people. Sad.
Believe me, YOU DO NOT KNOW people like me.
You have NO CLUE who I am and your assumptions are amusing to say the least.
You make for great entertainment at times, other times not so much but I can take the good with the bad.
uhhhhh......yes I do as a matter of fact.
John 14:6
Psalm 14: 1
Hebrews 11:1
Is this enough, because I can go on and on......or do I need to provide links as well ?
Idiot ??? .....Why Lucky, what an Ugly thing to say. Does this mean we are not friends any more ?
Because if I didn't think you were my friend.....well...I just don't think I could bear it.
i know people like you. They try to get you to sell ....and all the while they are buying up.
i've seen people like you .... promising you if you vote for this spectacular deal.... everybody wins.
and you have no facts.... you just like to go on a rant ...
the world calls you a "KAREN" .....
You know what freedom I swear you and your buddy were vaccinated by a victrola needle.
Bruce, maybe we should try a different strategy for certain ones here. They refuse to see the truth regardless of how many times it has hit them in the face. So, encourage them to sell their life savings, homes, cars, and pets...THIS IS IT ELIZABETH...IT'S THE BIG ONE. LOL!!!
Zion B.O.D. will express their undying love for them and they'll eat it up.
John Brown will come out with a "Word of Encouragement" (Prophecy) and they'll fall head over heels for it too.
It is more difficult now to detect Whale participation in the DSPP waiver program. Zion used to disclose how many shares were issued, or % of DSPP funds, or some metric, with each "Waiver" deal and it could be determined that a large purchase took place. I guess the BOD did not like investors being able to calculate how many shares a large investor had acquired so they stopped reporting the size of the deal, just that a Waiver deal took place. So, now I am assuming that all Waiver deals are a whale and all upticks in average DSPP monthly participation is from a Whale. It is the same pattern though that has occurred the last several years: as Zion is about out of funds from normal DSPP participation then a Waiver deal transpires.
And why did they amend it Jan 24 2023, then issue a new press release indicating something "new" rather than just saying they were amending an old lease request made 8 months earlier.
You really need to get out more. The brain moths have taken over.
The whale(s) is/are back? Hmm I did not read that from it but I am no expert on these things.
I do think I have a good idea whom it/they are. If it was a company or individual then a 13g would tell us. Since we don't have that, there is but only one choice left.
MJ1 (B) now at least seems to have some logic.
I will still hold.
As for the permit, I answered my thoughts on that below. We have no clue what is going on at the higher levels in government.
I don't believe a word you say or post until you start posing links.
got a link for faith? idiot.
It’s starting to become a bit clearer.
ZN is quiet because if they told us what is happening….
I've been traveling so just now read the 2Q report that was published last week. Looks like a whale has returned to fund Zion. We do not know if it is THE Whale or not. The sign that a whale is participating is the Waiver Program - a participant plans to buy shares through August 2023. A significant amount of cash was raised in July through early August. The #1 risk that Zion faces currently is running out of cash so DSPP performance is the first place I look in a quarterly report.
page 25
Under our Plan, the Company under a Request For Waiver Program executed a Waiver Term Sheet of a program consisting of shares of stock to a participant. After conclusion of the program on August 31, 2023, the participant’s Plan account will be credited with the number of shares of the Company’s Common Stock that will be acquired. Additionally, Zion incurred $173,000 in equity issuance costs to an outside party related to this waiver program.
For the three and six months ended June 30, 2023, approximately $1,761,000, and $2,553,000 were raised under the DSPP program, respectively. The $2,553,000 figure is net of $173,000 in equity issuance costs to an outside party.
For the three and six months ended June 30, 2022, approximately $1,566,000, and $12,993,000 were raised under the DSPP program, respectively.
The company raised approximately $921,000 from the period July 1, 2023 through August 8, 2023, under the DSPP program.
Well, first they used the new technology on MJ2, unsuccessfully. So it's not illegal, it was allowed.
2nd - it's not fracking in the sense most would think. Water is not required like it was in the old way, so the potential damage is far less.
You have no idea what the government will do, so quit saying you do. Decisions change all the time.
They said they went back and looked at data from MJ1 and then reapplied.
Anything else?
I don't believe a word you say or post until you start posing links.
All your comments and posts are just hearsay.
Pesky timeline...:
Sept 2021: Israel disallows all new on-shore oil and gas leases.
May 2022: Zion Oil appliles for a new on-shore oil and gas lease (amended, but still in process).
Nov 2022: Netanyahu returns as Prime Minister.
With that timeline, it's hard to believe the reason for the new lease request was because there was a new Netanyahu government.
A little recent history: "Starting today, no more licenses will be issued for oil exploration on land in the State of Israel" The Israeli government (Sept 1, 2021).
The Zion Oil response: Apply for a new license May 11, 2022.
So, what was the reason for the May 11, 2022 application? New technology, that no other company had, so much so that the Israel government would acknowledge that they made a horrible mistake and reverse their recent decision, or just to string along investors?
And why did they amend it Jan 24 2023, then issue a new press release indicating something "new" rather than just saying they were amending an old lease request made 8 months earlier.
So, investors have a decision to make, was that May 11 2022 application made based on new technology, or to string investors along? Was it amended 8 months later because of new technology, or to string investors along. Has the amended application been sitting for another 7 months, without action, because of "new" technology or to string investors along.
Yes, to string investors along. Don't forget their latest spew, lease approval is just around the corner. In the que since May 11, 2022, with approval just around the corner. Are they saying approval is just around the corner because of "new" technology, or just to string investors along.
Keep in mind, Israel neither rescinded their original statement Sept 1st, 2021. Nor do they allow fracking, the "new" technology Zion Oil is reportedly wanting to use.
Almost like it's a job.
I can't really argue with you. I'm kind of in the same boat. Except that I will not invest any more money.
People hate it for many reasons, ,and people like it for many reasons.
just started to buy a few shares. WHY
Used to go to lost wages(Las Vegas Nevada). If I stayed long enough, they usually got all my money I took with me to take a chance. The price of gasoline to drive there, a hotel room, food etc. What I have invested I call "chance money" not bread and butter money the family might need
I have been reading all the pros and cons for some time now and decided to take a chance(cheaper than Vegas) because there is possible potential here with ZNOG( I think especially after 2024 elections in America) if I loose it all won't shed a tear because, I only used "chance money"
I will buy more when I have more "chance money". Risky, yes but I only use chance money.
I have no way to look but I bet I would give ya a run for your money...:)
You just don't know how funny this is.
Now that is funny. The really neat thing are those that post on multiple boards. They forget each other at times and when it happens, it's hilarious.
Kinda like extremely funny that ol lucky was forgotten. I remember him and for the reason you posted.
It's why research of any detail will not make it here.
They are probably busy due to Syria bombing the CRAP outta them.
Did you post a link with your information ????
NOoooooooo
According to the EDGAR quarterly report, the Jan 24, 2023 lease application was an amended application, with the original application being made in May 11, 2022. So, we are in month 15 of the oil ministry "evaluation" of Zion Oil's new lease request. That was always the speculation, thanks to Zion Oil for finally clearing that up.
Normally, the oil ministry decides on a new leases within 60 days of the application.
Bruce....really ???? how hard would it have been to post a link on here to back up your statements???
Google Earth will allow you to copy and paste links.
Some times you just don't have the time or the inclination to discuss / fight in regards to such a small detail....even if you are right and even if you back up your statements or comments or opinions with with credible sources.
When David went out to fight Goliath....David's Brother came to him to argue that the odds were not on David's side. David did not argue, did not even answer back. David just DID IT.
Pick your own battles. And right or wrong, it's just easier to keep moving forward.
But I am sure that some of my posts were rightfully deleted....for whatever reasons. We are all biased on this Board...some want ZN to succeed ....some don't.
And also I do not feel alone on this Board when I say that "Some posts were wrongfully deleted"
So moving forward....it does not deter me or the comments that I make. Because I do the research and post the links unlike some on Board. iHub should make a rule that you need to post links that back up your opinions or comments.
What would that do to some that comment on this Board??
281 times ????!!!!! That HAS TO BE... some type of record. Is there any type of compensation for that ???
Just for kicks, look up the photo of the Dallas office of Agile on the Agile Seismic webpage. Then look up the same address on Google Maps (street view). These are the guys that did the 3D that told Zion Oil "X" marks the spot, after which Zion Oil poured 80 million into two holes, and wants to continue spending like that for another seven years. Even if Agile Seismic didn't use their Iranian trained Computer Scientist to reduce the data, and used another employee, is it your claim that these guys do not mislead? Rather misleading photos, wouldn't you say? And no, I don't think Google Maps faked the photo.
X marks the spot, 80 million down the hole, good luck folks..
could have been. i see you have been deleted 281 times. if they were so good you could have always appealed the deletion.
So you are the one that was deleting all my posts .......
I had some good info in some of them....
uh, i've posted here before, 218 times in fact. started 5 years ago. i was a mod for well over a year.
So what? Proves nothing zilch nada. The Iranian's are good people. Even Bi Bi thinks so in his recent interview with Iranian news. Great day, he visited his parents in Iran. Wow, must be a spy or traitor to Zion and Zion Oil too. Fony Facebook and Linked In are some hefty due diligence for making accusations. Better write to them at Agile and have them update their web site. Again so what. Your hefty DD proves you like to make up stuff as you go at times to fit your hate for the company. Make peace with that brother. It may prolong your days.
I think most people have either paid (past tense) or are paying (present tense) or will pay (future tense) for the right to be sanctimonious here.
My guess is even you have paid for the right to be sanctimonious. If not, hang around for awhile, and you will.
Religious Affinity-Scams will twist some people's minds. Glad I'm not susceptible to such brainwashing.
holy shit, the sanctimony around here is still deep.
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ABOUT ZION OIL AND GAS COMPANY
Zion Oil & Gas is a U.S.-based corporation formed under Delaware law, exploring for oil and gas in Israel on licensed and permitted areas of approximately 99,000 acres located onshore between Tel Aviv and Haifa. Click on below link to find out more about Zion Oil & Gas.
COMPANY INFORMATION
In 1985, during a visit to Israel, John M. Brown (our founder and CEO) became inspired and dedicated to finding oil and gas in Israel, and he started the process that led to the Joseph Project. During the next fourteen years he made several trips each year to Israel, hired oil and gas consultants in Israel and Texas, met with Israeli government officials, made direct investments with local exploration companies, and assisted Israeli exploration companies in raising money for oil and gas exploration in Israel. This activity led Mr. Brown, together with others who had assisted him during those years, to form Zion Oil and Gas, Inc. in April 2000 in order to receive the award of a small onshore petroleum license from the Israeli government. Upon its formation, Mr. Brown and the others contributed to Zion all of the technical, economic, legal and financial data they had accumulated over the years relating to oil and gas exploration in Israel. We were reincorporated in Delaware on July 9, 2003. Though we have been around a long time, support for Israel, it is similar to the recent phenomena of social and ethical investing,where in crowd fundraising and otherwise people can choose investments which match their social & political, etc., outlook. To our knowledge those groups are not discriminatorily targeted because of their beliefs.
Below link to ZN®ion's home page & corporate Public Relations banner, more info, inspiration of and ZN's SEC filing archive.
https://www.zionoil.com/
Share Structure
Ownership Summary as reported in the most recent 13-F filings
https://whalewisdom.com/stock/zn
https://www.nasdaq.com/symbol/znog/institutional-holdings
https://www.morningstar.com/stocks/pinx/znog/ownership
ZNOG Statistical Resources
https://www.otcmarkets.com/stock/ZNOG/quote Level 2
https://finviz.com/quote.ashx?t=zn
https://www.otcmarkets.com/stock/ZNOG/security
** https://finance.yahoo.com/quote/ZNOG/key-statistics?p=ZNOG
https://marketwirenews.com/stock/znog/short/
https://www.marketscreener.com/quote/stock/ZION-OIL-GAS-INC-5543530/
Penny Stock Exempt
Transfer Agent Verified
Independent Directors
Authorized shares: 800,000,000 11/01/2021
400,000,000 11/30/2020
200,000,000 09/30/2018
Outstanding shares: 323,653,837 11/01/2021
241,121,879 03/31/2021
238,488,738 03/05/2021
237,512,743 01/28/2021
237,167,067 01/04/2021
236,693,125 12/02/2020
236,524,194 11/30/2020
231,762,828 09/30/2020
173,367,104 05/07/2020
164,691,068 03/31/2020
123,973,084 12/31/2019
64,415,398 09/30/2018
55,888,399 12/31/2017
Held at DTC: 262,060,470 11/01/2021
179,968,498 03/31/2021
179,660,518 03/05/2021
179,487,173 01/04/2021
179,371,295 12/02/2020
179,413,084 11/30/2020
Restricted shares: *6,985,000
Float: 262,060,470 11/01/2021
223.78M 09/30/2020
124,191,166 01/17/2020
95.63M 12/02/2019
57,430,000 09/30/2018
Beneficial Shareholder: 45,700 08/10/2021
https://www.otcmarkets.com/stock/ZNOG/security
* estimate
* https://www.sec.gov/Archives/edgar/data/1131312/000121390020036443/f10q0920_zionoil.htm
Shorting Activity
Notorious clearing house for unlocked GTC shares, log in to see ZNOG availability, up dated hourly.
https://www.interactivebrokers.com/en/index.php?key=ZNOG&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
Links to see recent short interest activity
https://iborrowdesk.com/report/ZN
http://shortvolumes.com/?t=ZNOG
https://fintel.io/ss/us/znog bi-monthly + daily intraday
http://shortsqueeze.com/?symbol=znog&submit=Short+Quote%E2%84%A2 bi-monthly
http://www.buyins.net/tools/symbol_stats.php?sym=ZNOG daily squeeze & friction
https://marketwirenews.com/stock/znog/short/
PREDICTED REVENUE WHEN ZION OIL STRIKES
Netback as of 04/10/2020
Posted by JRyan 10/11/2021
NOTE: I am using 300 million shares, todays share price, & todays Oil Price
Jake Maruschok's ZNOG Netback spreadsheet updated daily...sometimes
https://docs.google.com/spreadsheets/d/1Oxc9TLczRxQ_OvAnqN8beZ4foiCXh3GTtuETheInesw/edit#gid=0
Source
https://stocktwits.com/jmaruschok/message/409362402
LATEST UPDATES 2020-2021
Zion Oil & Gas Completion of the drilling phase of MJ-02 well November 23, 2021
https://www.zionoil.com/updates/zion-oil-gas-completes-drilling-phase-of-the-megiddo-jezreel-2-mj-02-well-in-israel/
Zion Oil & Gas Operations Update from Israel as of November 11, 2021
https://www.zionoil.com/updates/zion-oil-gas-operations-update-from-israel-as-of-november11-2021/
Zion Oil contracted for directional drilling services, Operational Update 09/21/2020
https://www.zionoil.com/updates/press-release-september-21-2020-zion-oil-gas-drilling-rig-set-to-depart-for-israel/
What is Directional Drilling?
https://en.m.wikipedia.org/wiki/Directional_drilling
VIDEO: Casing the first section of the Megiddo-Jezreel #2 Well in Israel 2/8/2021
https://www.facebook.com/zionoil/videos/746152222987089/
.
Nature of Operations as of November 2018
Zion Oil & Gas, Inc., a Delaware corporation is an oil and gas exploration company with a history of 18 years of oil & gas exploration in Israel. As of September 30, 2018, the Company has no revenues from its oil and gas operations.
Zion maintains its corporate headquarters in Dallas, Texas. We also have branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.
Exploration Rights/Exploration Activities
The Company currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres. The Megiddo Jezreel #1 (“MJ #1”) site was completed in early March 2017, after which the drilling rig and associated equipment were mobilized to the site. Performance and endurance tests were completed, and the MJ #1 exploratory well was spud on June 5, 2017, ahead of the June 30, 2017 deadline under the then-existing license terms. The MJ #1 well has been drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet). Thereafter, the Company obtained three open-hole wireline log suites (including a formation image log) and the well was successfully cased and cemented. The Ministry of Energy approved the well testing protocol on April 29, 2018. Testing of the well is ongoing and the Company expects that testing will be concluded in the fourth quarter of 2018.
Depending on the final outcome and results of the current MJ #1 well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets are reachable using directional well trajectories.
Megiddo-Jezreel Petroleum License, No. 401 (“MJL”)
The MJL was awarded on December 3, 2013 for a three-year primary term through December 2, 2016, with the possibility of additional one-year extensions up to a maximum of seven years. The MJL lies onshore, south and west of the Sea of Galilee, and the Company continues its exploration focus here as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential. In late November 2016, The State of Israel’s Petroleum Commissioner officially approved Zion’s drilling date and license extension request.
On October 30, 2017, the Company sought a multi-year extension to its existing license. After receiving feedback from Israel’s Petroleum Commissioner, the Company submitted a revised extension request on November 9, 2017. On November 20, 2017, Israel’s Petroleum Commissioner officially approved the Company’s multi-year extension request on its Megiddo-Jezreel License No. 401, extending its validity to December 2, 2019. Until recently, the Company remained subject to the following updated key license terms:
No. | Activity Description | Execution by: | ||
1 | Submit final report on the results of drilling | 31 May 2018 | ||
2 | Submit program for continuation of work under license | 30 June 2018 |
On June 1, 2018, Zion submitted its Megiddo-Jezreel #1 End of Well Report (EOWR) for the MJL, thus fulfilling our item No. 1 Final Report license work plan obligation, shown above.
On June 14, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On July 1, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to November 1, 2018, as shown below.
No. | Activity Description | Execution by: | ||
1 | Submit program for continuation of work under license | 1 November 2018 |
On October 23, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On October 28, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to January 31, 2019.
The above notes excerpted from page 5 of 3rd quarter 10-Q November 8, 2018
https://ih.advfn.com/p.php?pid=nmona&article=78651027
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Notes from November 20, 2018 Operational Update:
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
?1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
?1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
Reference made to August 16, 2018 Operational Update re. future plans
https://www.sec.gov/Archives/edgar/data/1131312/000121390018011310/f8k081618ex99-1_zionoil.htm
/
November 2017 installing blowout protector (BOP)
Zion Oil & Gas Spuds the Megiddo-Jezreel #2 Well in Israel January 6, 2021
3D Grid Map upon completion October 2019
Source: https://www.zionoil.com/updates/
3D Assessent Report completed April 2020 is exclusive and proprietary to the State of Israel and ZION
3D & Rig podcasts
Robert Dunn, speaks about Zion’s recent rig purchase and other details of operations during this time of the COVID-19 spread worldwide.
https://www.zionoil.com/updates/zion-podcast-episode-1-interview-with-zion-chief-operations-officer-robert-dunn/
Dr Lee Russel, Zion Oil & Gas Senior Geoscience Advisor, speaks about his background, his coming to work with Zion, his work on the Megiddo-Jezreel #1 well, and his 3-D seismic interpretation work
https://www.zionoil.com/updates/zion-podcast-episode-2-interview-with-zions-senior-geoscience-advisor-dr-lee-russell/
Zion President, Bill Avery, and Zion CFO, Mike Croswell. Discussion includes the recent filing of the 10-Q, understanding financial aspects, how the rig is a game-changer for Zion..
https://open.spotify.com/episode/4xVV6kgCcFBvF76NsTHJki?si=NvH1GALjThS_ODpZJbsVDA
Jeffrey Moskowitz, Zion's VP, and Israeli Branch Managing Director. The interview discusses Jeff's role at Zion, his history , background, work at the Israeli office, 3-D Seismic work, the purchase of the rig.
https://open.spotify.com/episode/4xXap2YcEe5ZInnNdOSnJv?si=YBisoD9bSDm5Y-UkXOT2JQ
Zion Founder and CEO,John Brown. Discussion includes his heart for Israel, his single-minded focus on obeying God in all things, and his reliance on God's timing.
https://open.spotify.com/episode/2fzeiOxzB58isHgGu3uCr4?si=dx3u3fcIQkWEvbZm-FagEA
Zion Oil & Gas Purchases Drilling Rig for Israel Operations
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (ii) closed that purchase on March 12, 2020, the same day, by Bill of Sale from the seller to Zion.
On March 13, 2020, Zion paid the seller $4.6 million in cash and remitted the remaining $1.0 million in cash to an escrow agent to be held pending completion of acceptance testing of the rig upon its arrival in Israel.
“This is a new era for Zion and a positive step forward for our 2020 exploration plans,” Zion’s COO, Robert Dunn said. “With our asset based in the State of Israel, our planning and flexibility will become more robust.”
“We believe this is the right time for this to happen,” stated Zion’s President, Bill Avery. “Having cash budgeted and available for the purchase of this rig shows the strong support of our shareholders and evidence of God’s faithfulness.”
The rig is a 1600 horsepower AC Top Drive equipped rig with a twin 1600 horsepower mud pump system with a depth capability of 20,000 ft. The rig will be equipped with almost 15,000 ft of heavy 5” drill pipe along with associated well control equipment and inventory.
Actual rig pictured above. Currently stacked awaiting shipment to Israel. 1600 horsepower AC Top Drive equipped rig capable of 20,000ft depth.
The rig underwent a full CAT III & IV certification in late 2017, reassuring the quality of the rig and ancillary equipment, and it has drilled two wells since certification.
The rig and equipment will be imported into Israel from Romania, where the Drilling Rig is currently stored.
The State of Israel has currently imposed travel restrictions relating to the Coronavirus outbreak, including a requirement that any person arriving in Israel, including the operating crew for the rig, will currently need to undergo a two-week quarantine.
In addition, the ports of entry into Israel through which the rig will need to enter, may be undergoing work disruptions on account of the virus outbreak. Accordingly, it is not possible at the present time to accurately estimate the time or resources that may be necessary to import the Drilling Rig onto the well site or any delay arising as a consequence of the outbreak.
Zion Oil & Gas, a public company traded on NASDAQ (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.
WATCH THIS SHOW ON CNBC/EUROPE
http://www.exin.tv/mini/cplayer2.html?2,18%20Aug%202006,Zion%20Oil%20and%20Gas,CEO%20Gene%20Soltero
USGS Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
~~~~ RESEARCH LINKS & POSTS ~~~~
**** Compiled Zion Information, The SEC, Share Pricing, Field Size!****
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=142598743
* How oil and gas are resources estimated with MJ#1 detail & drilling timeline 7/17/2017 through 3/12/2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142326507
* Testing Zones update November 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144911158
* ZN Formation pressure encountered in 2018 & clarification of
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142566219
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144936287
* ZN Wellbore Pressure versus Formation Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145013764
* ZN Heavy gas encountered Oct 12, 2017: what it means
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144960708
Drilling and Testing Hot, High-Pressure Wells
https://www.slb.com/~/media/files/resources/oilfield_review/ors93/0493/p15_32.pdf
HPHT wells
https://www.slb.com/-/media/Files/resources/oilfield_review/defining_series/Defining-HPHT.pdf?la=en&hash=3FF8F894C76522C77D31DAF3B136B24371E7CCDC
Drilling & Construction HPHT wells
https://www.slb.com/~/media/Files/resources/oilfield_review/ors98/sum98/pgs_36_49.pdf
Directional Drilling
https://drillers.com/directional-drilling-everything-you-ever-wanted-to-know/
Logistics & equipment
https://www.halliburton.com/content/dam/ps/public/solutions/contents/HPHT/related_docs/HPHT_Global_Client_Brochure.pdf
Wellhole analysis, what we know
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Packers
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Reservoir Fractures & Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Small Acid Job & Completion Fluids
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143309742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143362301
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143440488
Formation Testing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143361725
MJ#1 zone trap area and size.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Discounted rig costs for ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144174715
Onshore Gas
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143858086
MJ#1 Reservoir Announcement Size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142884720
MJ#1 Geology After Testing Triassic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143028742
Genie, MJ#1 and the Rift (see 14min)
https://www.youtube.com/watch?v=Uqi1o-_a2ao&feature=youtu.be
https://blogs.timesofisrael.com/israels-oil-in-golan-megiddo-jezreel-valley/
Genie took ~2 years to spud exploratory well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143591767
Genie took 10 months to drill 1000meters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143590326
Map of four previous ZN wells
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143258821
Levant Basin report via USGS circa 2010
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
Fracking and how it relates to ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143300005
MJ#1 zone trap area and size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Well Test Step 1 - Open Hole
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142845818
Well Test #2 - Pressure Transient Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846173
Well Test #3- Production Flow Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846523
Well Test Summary
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846973
2D vs 3D Seismic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142854420
Risk Factor #1 - Can the well be drilled?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142701633
Risk Factor #2 - Finances Available to Drill And Test The Well?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142726740
Risk Factor #3 - Regulatory Approval
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142734193
Risk Factor #4 - SEC Compliance & Final Risk Factor Score Card
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142745430
Risk Factor of Exploratory Well vs. Production Well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143155094
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144935395
* Calculating PPS based on Israel's Energy Independence
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142628564
* Oil Company that owns 3D Technology
http://www.usgeophysical.com/
* How do seismic surveys work
http://www.oilandgaslawyerblog.com/how-do-seismic-surveys-work/#more-48
* How 3D Seismic Imaging changed the Drilling Industry
http://www.domeenergy.com/3d-seismic-imaging-changed-drilling-industry/
* 3D Underground structures in clearer focus
http://www.dea-group.com/en/dea-magazine-2017-01underground-structures-clearer-focus
* 3D In the Med & Middle East
http://www.pgs.com/data-library/europe/mediterranean/
* Basic 3D
http://www.drillingformulas.com/basic-understanding-about-3d-seismic-for-petroleum-exploration/#more-6265
* 3D Evaluation, sweep example
https://csegrecorder.com/articles/view/an-evaluation-of-single-vibrator-single-sweep-3d-seismic-acquisition
* MJ#1: " a focused 3D seisimaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forward/
~sq. kilometers to sq. miles
https://www.dollartimes.com/calculate/area/square-kilometers/square-miles
~If the area of the circle is 50 kilometer2
https://www.calculator.net/circle-calculator.html?radius=&radiusunit=meter&diameter=&diameterunit=meter&circumference=&circumferenceunit=meter&area=50&areaunit=kilometer&ctype=1&x=82&y=17
* MJ#1 Low Chloride Well monitoring:
~Salinity of fresh, brackish and sea water
https://www.engineeringtoolbox.com/water-salinity-d_1251.html
~Mineral content of drinking water, 100 USA cities
http://www.mgwater.com/mgrank.shtml
~WHO Guidelines
https://www.who.int/water_sanitation_health/dwq/chloride.pdf
~~~~ LAWSUITS LINKS & POSTS ~~~~
Lawsuits and SEC investigation impact
All Lawsuits Against Zion Oil & Gas Have Now Been Dismissed
https://www.zionoil.com/updates/press-release-april-1-2020-all-lawsuits-against-zion-oil-gas-have-now-been-dismissed/
https://www.prnewswire.com/news-releases/all-lawsuits-against-zion-oil--gas-have-now-been-dismissed-301033335.html
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142984351
SEC investigation filing, timing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586499
Shareholder Suits re ZN notice of Sec Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143563443
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144013604
http://securities.stanford.edu/filings-documents/1066/ZOGI00_01/201889_f01c_18CV02067.pdf
Yolanda Holtzee is Whistleblower by her own admission.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143550100
Opinion by IRisky
https://investorshub.advfn.com/boards/read_pmsg.aspx?message_id=143102483
Possible Reason for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143166134
A quick brief over where things stand
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143685490
[ZION $ZN AND] THE STOCK MANIPULATION MEME
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143727229
Possible Outcome for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144043255
JRyan's Lawsuit Compilation List up to Oct 9
https://investorshub.advfn.com/secure/post_reply.aspx?message_id=144235839
Lead plaintiff
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144252116
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144261260
Malicious Prosecution against a named plaintiff.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144499304
PacerMonitor, Texas Northern District Court
https://www.pacermonitor.com/public/case/25309943/Peak_et_al_v_Zion_Oil__Gas_Inc_et_al
Litigation accrued estimated loss $500,000 a/o Nov 8, see 10-q , page 33
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Assessment Report of November 6, 2015
~~~~~Image & Research Sources~~~~~
Assessment Report issued November 6, 2015
https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/
8-K exhibit from Nov 6, 2015
https://www.sec.gov/Archives/edgar/data/1131312/000121390015008273/f8k110615ex99i_zionoilgas.htm
The entire exhibit list
https://www.sec.gov/Archives/edgar/data/0001131312/000121390015008273/0001213900-15-008273-index.htm
Upper Jurassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 32,198 86,061 241,544
Recoverable 5,786 17,893 54,776
Triassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 9,322 26,901 85,250
Recoverable 1,749 5,699 19,694
Example of an Fault Line Structural Trap
https://en.wikipedia.org/wiki/Directional_drilling
MJ#1 zone trap area and size.~~~ We are talking thousands of acres size and feet deep for the reservoir.
~~~ Note: See Seismic Locater (figure 11) before attempting to read AR-2118 & ZI-5128 seismic maps.
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~~~~~~Seismic Grid Axis~~~~~~
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Chart Source: https://www.stockscores.com/charts/charts/?ticker=znog
ZN MJ#1 well finds active petroleum system that is not commercially productive. 3-D seismic testing in progress.
Zion Oil and Gas, Inc., a Delaware corporation, which has an active petroleum exploration license onshore Israel, the Megiddo-Jezreel License (“MJL”), comprising approximately 99,000 acres, announces that it has completed the testing program of its primary zones located within the Jurassic and Cretaceous-age Formations of the Megiddo-Jezreel #1 (MJ #1) well. As a result of the testing, Zion has determined that the well is not commercially productive.
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
8-k November 20, 2018
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
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