Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TY!! Sooo appreciate. Glad to see! So... 😶.. here we wait... 🙂✝️🇮🇱🇺🇸
Sorry....my post did not make it the first time
ALCON: Happy Saturday
9Coast, Several years ago there were several attacks against ZN. And if you are wondering if they are on the level..... They were also turned in to the SEC. Nothing came of it and ZN was given a clean bill of health by the SEC (that's the way I remember it anyway)
I also am aware that Moses had to endure 10 Plagues and several Knowledge Transfer Meetings with Pharoah in order to make any type of progress. So here we wait.
OK.... I found it .... SEC Investigation. Thought it earlier than 2023
https://www.zionoil.com/updates/update-on-sec-investigation-zion-oil-gas/
Got it! TY. need to look further into. I displayed from an article. Appreciate. 👍
Greetings iRisky.. no question you (and many others) are more stock world (street smart) than I. I see it on both sides of the opinion & experience. I do have discernment. Unfortunately or fortunately.. I do believe those 2 posts found/displayed. When time permits I will roll back and view older posts. I usually attempt to. Truly I give you and respect your stock world experience. What I don't like is the fact I am not convinced ZNOG is on the up & up.Time will reveal. Will be glad to be off. TY! .. for replies. 🙂
The messages you found.....The Guys posting these messages on YF ---- Do you think they might have been shorting ZNOG like so many have done in the past ???
Have you ever seen .....the shorting done and the messages posted ???
Zion employees are not allowed to sell shares, at least it was that way a very long time now...years. could have changed, but I doubt it.
Looking at the flip side.. sec.gov last two insiders bought 25k/sh. -- the article: Insiders are Very Positive Buying More Shares Than They Are Selling In Zion Oil & Gas
In the last 100 trades there were 17.12 million shares bought and 570.68 thousand shares sold. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options. Can't peg this stock. As stated... Can't quite put my finger on the nagging, tugging discomfort...
I want to Reshare these two posts I displayed
some time ago in ZNOG history, though no less applicable. Please read these investors experiences: -- ". I WANT TO SHARE what I found on another forum about ZNOG, and these are copied & pasted from YF. -
Kaiju Crush
18w ago
'This company scammed my now deceased father out of tens of thousands of dollars by convincing him they were somehow tied to biblical prophecy. I have no idea how these executives sleep at night."
And by -- "Truth Forever
33w ago
They liars and thieves blocked me on twitter for exposing the truth about the waste of money. Go check it out there lastest photo of all those employees, for what? Your not even drilling yet we pay out over a million in salaries monthly for what? your not even doing anything. What exactly are all these people doing everyday in the Texas office if there to drill in Israel. Nuts." ... (Me). I still say there is a possibility these people's experiences are valid. (If) they are... even for those heavily to invested.. if nothing else..this will be one to watch play out... Or come to full force fruition. Since ZNOG
are Scripture quoters.. I will say then.. God will reveal.
Piggy backing... God sees ZNOG. He will either expose ZNOG (in His own way, His own time) and we will either learn a lesson, or, we will prosper as ZNOG prospers if they are the real deal. Godspeed Israel & America.
Agreed, last I saw he was on new adventures....
I/m a little nervous that we haven't heard from him in a while. Hope he is ok.
I tend to agree, my shares are not for sale at this time, but I too could look at getting a partial recovery but now is not that time.
However, I will tell you what my thoughts are.
(1) 7 year new explorarion license << hugely important.
(2) just need even a small oil 'flow'. That could start the 30 year production license. That is not a win all >>> see Givot.
(3) own our own rig and whole That is great, what is even greater is that it can horizontally drill << game changer
So it is a waiting game, I said a couple a months ago that 25 cents was not doable until news of flow. I was wrong. So $1 is my new no way until figure.
So what's driving it? Speculation? Possible but shorty must be nervous at this point, although it has not been shorted as in the past, most have moved on. Politics could be a factor as well. Sovereign wealth funds? Whales? I just don't understand it unless someone knows something. If it's another pump and dump, they have hidden it well at this point.
I want success and the new methods of simulation are proven elsewhere, bakken/permian/eagle Ford. The oil is there I think, well I know as Meged #6 had considerable flow but it was a vertical well and southwest of MJ2 by 10s of miles. Yet that same formation heads northeast of there, through the Golan and into Eastern Syria.
Amazing times, especially for those of us that have been around a while.
Would be nice for Kyoil to stop by.
I might need to update my web page soon. :)
Heads on a swivel.. FOMO in effect.. there is no reason for this ramp up... other than pure speculation with "new Blood" buyin to the hype.. ramped up prophecies.. and of course the price action to match the Warrants which are set to expire @.25 in a few days... there may be a sell off coming soon.. no work to be completed till end of Q2.. months away..
JRyan, your advice is solid. My view is that it has to be completely speculative. Things are quieting abit on the war front in Israel and Zion has announced they are going back. Naturally, people want to be in on the ground floor but other than the possibility of finding oil, I don't think there is anything going on we don't know. At the end of the day, this will be all or nothing with the potential to drop very quickly. In the meantime, we have some momentum and I would guess the general trend will be up until more is known. I may regret this but my approach will be to ride it a bit longer and then hopefully take some pretty good profits. I'll have some left at the end but for me, staying "all in" until that time is too risky.
What a a couple of weeks this has been and a wonderful thing to see. I haven't the slightest idea why it's going up other than they are back active at the well. I would also like to warn folks. This is still highly risky. Don't get in if you can afford to lose it.
Still it makes one wonder just what technology they're putting into it.
With the News about GAZA ..... this will affect Share Price big time and then we use the new Technology to FRACK and we make MULA MULA MULA !!!!!!
Well this is test
IRisky can you file a speculation report with SEC?
https://www.sec.gov/Archives/edgar/data/1131312/000121390018011310/f8k081618ex99-1_zionoil.htm
A tell of two wells.
According to recent updates from Zion Oil & Gas, the MJ-1 well (Megiddo-Jezreel 1) in Israel has shown evidence of an active petroleum system, indicating the presence of oil, and is currently undergoing recompletion operations to attempt to extract flow from the identified zones, with testing and completion operations expected to be finalized in Q2 2025; the company is utilizing new stimulation techniques to overcome previous challenges encountered in the well.
Key points about the MJ-1 test results:
Active petroleum system confirmed:
Zion Oil & Gas has stated that the MJ-1 well has demonstrated the existence of an active petroleum system, meaning oil has been encountered and migrated into a trap.
Recompletion efforts underway:
Due to initial challenges, Zion is currently re-entering the MJ-1 well to try and extract flow from the identified zones using updated stimulation techniques.
Focus on specific zones:
The company is planning to isolate and test specific zones within the well using a permanent plug to target the most promising areas.
Recent operational updates:
As of February 2025, Zion has announced the resumption of operations on the MJ-1 well, with the rig crew mobilized and maintenance work underway.
According to recent updates from Zion Oil & Gas, the results of the MJ-2 (Megiddo-Jezreel #2) well indicated encouraging hydrocarbon shows, but after further testing, it was determined that the well currently cannot produce hydrocarbons in commercially viable quantities due to insufficient permeability in the primary zone of interest; therefore, the well is not considered productive at this time and a temporary plug was set to preserve the wellbore for potential future use with further technological advancements.
Key points about the MJ-2 well results:
Positive indications:
Initial logs and analysis showed promising signs of hydrocarbons in the primary zone.
Permeability issues:
Despite the hydrocarbon shows, the zone was found to have inadequate permeability, preventing commercial production.
Further analysis:
Zion is currently re-evaluating data from the MJ-1 well, drilled on the same pad site, to assess if the same zone can be productively accessed there.
Future potential:
Zion remains optimistic about the Megiddo-Jezreel license area and may attempt re-completion operations on the MJ-1 well or explore other zones in the future based on further analysis and technology advancements.
Yesterday’s update was welcomed indeed! Since stopping all work in Oct., we have waited for testing(fracking) to begin. Apparently all workers were sent home and now we wait for their return. I’ve been watching the price of a barrel of oil and it has not moved in our favor so it’s just as well that nothing happened. It’s presently in the low 70’s, which they say is about the same as the cost of producing that barrel. I’ve always thought that He would give us the oil when the price was in our favor. One thing for sure is we will not be drilling anymore wells without hitting oil on this one. The last couple of wells cost over 30 million + . No one is going to loan us that much money with our record, so I view this as it! Since I see this as our last shot, and I do believe in the mission, my hopes are greater than ever. This April ,May and June should be an exciting time. I hope!
Zion Oil & Gas Announces Renewed Operations Underway for MJ-01 Well Testing & Recompletion Project
Current Unit Program Ends on February 28
DALLAS, Texas, and CAESAREA, Israel, February 18, 2025 – Zion Oil & Gas, Inc. (OTC: ZNOG) is pleased to announce a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion’s ongoing efforts to unlock Israel’s onshore energy potential.
Operations Update: Crews on the Ground and Progress Underway
Zion’s rig crew arrived in Israel on February 15, 2025, and has commenced critical maintenance and preparatory work. The rig, which was safely “warm stacked” in September, is undergoing necessary maintenance procedures, including fluid changes, lubrication and greasing, and mechanical, electrical, and safety audits to ensure peak functionality.
Following maintenance, the team will begin drilling out the temporary plug at approximately 1,100 meters. This phase is expected to take 2-3 weeks, paving the way for the subsequent well recompletion and testing operations. Once the plug is removed, Zion will proceed with setting a permanent plug at the deeper part of the well to isolate the targeted zones of interest for testing.
Global Coordination & Logistics
Zion Oil & Gas has successfully navigated complex logistical challenges to ensure the timely delivery of essential equipment. Resources are currently enroute from across the globe, including India, Romania, Germany, the Netherlands, the UAE, the United States, and Tanzania. This unprecedented international cooperation underscores the dedication and perseverance of Zion’s team and partners.
“As we move forward with this phase of operations, we are witnessing God’s provision in extraordinary ways,” said Monty Kness, VP of Operations. “The ability to coordinate a project of this scale, with equipment and expertise sourced from multiple continents, is a testament to both our team’s determination and the global support behind our mission.”
Security and Site Preparedness
Zion has maintained continuous security at the MJ-01 site, ensuring a stable and secure operational environment. Additionally, commercial air travel into Israel has steadily resumed, further supporting logistical operations.
“Our focus remains on safety, precision, and execution,” said Zion CEO Rob Dunn. “With boots on the ground and critical equipment in motion, we are committed to seeing this project through knowing God has directed our steps forward.”
Completion Timeline & Next Steps
With all necessary equipment expected to be on-site by mid-March, barring unforeseen circumstances Zion anticipates its well completion and testing operations should be nearing completion in Q2 2025. The team remains confident in its planned operations and will continue to provide updates as milestones are achieved.
Final Opportunity: Unit Program Closing February 28, 2025
Zion Oil & Gas reminds investors that the current Unit Program will close on February 28, 2025. This is the final opportunity to participate before the program concludes.
For every $250.00 UNIT purchased, investors receive:
- Common stock based on the high-low average sale price on OTCQB: ZNOG for the day of purchase (or the next trading day if purchased after 4:00 PM EST).
- 50 Warrants with an exercise price of $0.25 each.
- 50 Additional Warrants for those enrolled in Automatic Monthly Investments (AMI) at $50/month or more (one-time only).
- Warrants are exercisable for 12 months from March 31, 2025, to March 31, 2026.
To learn more, visit www.zionoil.com/dspp
Faith & Perseverance
John Brown, Zion’s Founder and Chairman, expressed gratitude for the unwavering support from shareholders and believers in its mission. “We remain steadfast in our calling, knowing that each step forward is guided by the Lord. As we embark on this critical phase of operations, we are encouraged by His promises and the faithfulness of our supporters.”
About Zion Oil & Gas, Inc.
Zion Oil & Gas, a U.S. public company traded on OTCQB: ZNOG, is dedicated to exploring for oil and gas onshore in Israel under its Megiddo Valleys License 434 which covers approximately 75,000 acres.
For more information, visit www.zionoil.com.
“The end of a matter is better than its beginning, and patience is better than pride.”
Eccl 7:8 NIV
“Bless the Lord, O my soul, and forget not all his benefits, who forgives all your iniquity, who heals all your diseases, who redeems your life from the pit, who crowns you with steadfast love and mercy, who satisfies you with good so that your youth is renewed like the eagle’s.”
Ps 103:2-5 ESV
Like I said....."it's like a Dog Whistle"...... all the Shorts come running
Its your typical pump and dump day traders and shorters.
LOL!!!! How many times have we heard that through the years. I really do find that comment hilarious. 😂
0.168 !!!! It's staying up !!!! Something might be going on in Israel !!!!
Like rats off a burning ship, the profit takers are selling, how low will it go?
they come when they are feeling the pinch having risen 400% mas o menos off the low. So naturally they have a meeting and begin their crap shoot.
oh well, they are everywhere like pigeons and will fly the coop when scared off.
I see there are new usernames here. I am still holding onto all my shares but not because I am holding on to hope. It's been MANY YEARS, I have been invested here and it's always the same song and same dance. It's just that they add a twist to it from time to time.
I hope everyone is doing well. Be blessed.
Dip inevitable with no news? Profit taking starting?
Understood. No worries. Wow. 12 years. I hope God lets them find oil then if for no other reason than for Israel first and loyal and hopeful investors. I'm just not convinced they really actually even care about Israel. Somethings just 'off'. I would prefer the truth be exposed than to profit. Thx much. 🇮🇱🗽
Hello 9 Coastal…I got nothing. I said supposedly because I think I read it somewhere…maybe here. But I doubt the validity of it. But it’s the only thing I can think of that would make this rise up again…like this. That’s why I say: M_NIPULATION? I tell you this much after my 12 long years of being in this stock. It’s not from them being able to find oil and announce it to their stockholders.
Greetings.. Valid point.. " How is this going up when there’s nothing going on right now to speak of?"-- I very much would like to read or find the media that you are referring to that Trump met with ZNOG. I did try to locate the info but could not find. Where did you see or hear this? Or is it a video? Thx much!
M_NIPULATION. How is this going up when there’s nothing going on right now to speak of? Other than meeting with Trump recently supposedly.
This news with the GAZA Strip being handled by the US will bring a re-newed interest in Israeli Oil.
You guys must have me on a WATCH LIST !!!!!
20+ years with nothing accomplished except insider enrichment. Kooky CEO spouting scripture won't help shareholders or turn it into a legit company. The religious nonsense is a big red flag, just like money grabbing televangelists who promise "xyz" if you send them money.
Either ZN is a very intentional, calculated, shrewd company indeed, covering all their bases or .... those of us who see and sense somethings juuuusst doesn't ring quite true are dead wrong. Hope I'm wrong. Don't mind if I'm wrong. I'm just thinking not. .. Appreciated the excerpt phrased the way you did... "In this world, senior management and staff are guiltless.". IN THIS WORLD. That's the point. If they are "using" and "play'in".. God sees ALL! Then I wouldn't want to be ZNOG. The world will not see it.
👍. Yes! Gullible s. Stop being gullible. As I have conveyed .. something just doesn't seem totally right.. and I had not found ZNOG but 2-3 months ago. I don't have half the knowledge base on ZN as Homebrew ..and I now see others showing up with wisdom, fortitude and some background. Audience. Again. Listen. The first time I saw ZNOG.. 3 initial ... basic things drew me in. 1) They more/less purported upholding and benefiting God's chosen .. Israel. Check. 2) They were openly, publicly displaying Scripture. Bold. Impressive (for those who care). That is something I know of no other stock company braving it and doing that. Check. 3) They really tout and elevate Israel.. which they should, so I loved it, because I love Israel. Then at one point after reading their carefully "chosen" Scriptures... I revisited articles conveying how in so many words they are or were "best buds" with Israel ...either their gov't or ministry, something or some entity there of importance. -- But the article also included that the drill site was old & has been deemed defunct or worthless (not exact words but to that effect) and pretty much said to ZN .. "have at it". -- To all: DD!! Reread older articles again with a different lens, and dig. Please don't just look at news and technicals.
A few years ago, gullibles got excited that this scam announced they struck "liquid" while drilling. Never found out how much "liquid" or what kind of "liquid"....🤣😂
Lawyers at ZNOG write the PRs in such a way that is truthful, yet misleads. So it would be hard for the FBI to shut them down, and throw anyone in jail.
As for my claim that the PRs are truthful yet misleading, a case in point is their latest PR, which should have been absolutely devastating news to the stockholders (they destroyed the bottom half of the well where a little bit of oil was previously found), yet, the stockholders couldn't be happier.
Recently, they even told you the casing at MJ#1 was in very bad shape, and very hard to re-work. Probably bad shape due to 7 years of rusting steel casing exposed to the salt water aquafer's they drilled through. Damaged beyond repair? So much for the "re-completion".
So with them revealing everything to you, it's on you if you invest and lose. There is no recourse. All has been truthfully disclosed. In this world, senior management and staff are guiltless.
Just a few years ago, do you remember voting on an issue where stockholders can no longer sue individual officers of the company? You can only sue the company, you can't list the officers and senior management names separately on any lawsuit filed. The term eyes wide shut come to mind.
No worries. I see. .. ty 🙂
"God told me there's oil" 🤣😂😅🤥🤪🥴
CEO's a fraud who should be in jail.
Correct. Shameless crook-run religious Affinity-Scam.
Followers
|
312
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
54531
|
Created
|
09/29/06
|
Type
|
Free
|
Moderators Porgie Tirebiter |
ABOUT ZION OIL AND GAS COMPANY
Zion Oil & Gas is a U.S.-based corporation formed under Delaware law, exploring for oil and gas in Israel on licensed and permitted areas of approximately 99,000 acres located onshore between Tel Aviv and Haifa. Click on below link to find out more about Zion Oil & Gas.
COMPANY INFORMATION
In 1985, during a visit to Israel, John M. Brown (our founder and CEO) became inspired and dedicated to finding oil and gas in Israel, and he started the process that led to the Joseph Project. During the next fourteen years he made several trips each year to Israel, hired oil and gas consultants in Israel and Texas, met with Israeli government officials, made direct investments with local exploration companies, and assisted Israeli exploration companies in raising money for oil and gas exploration in Israel. This activity led Mr. Brown, together with others who had assisted him during those years, to form Zion Oil and Gas, Inc. in April 2000 in order to receive the award of a small onshore petroleum license from the Israeli government. Upon its formation, Mr. Brown and the others contributed to Zion all of the technical, economic, legal and financial data they had accumulated over the years relating to oil and gas exploration in Israel. We were reincorporated in Delaware on July 9, 2003. Though we have been around a long time, support for Israel, it is similar to the recent phenomena of social and ethical investing,where in crowd fundraising and otherwise people can choose investments which match their social & political, etc., outlook. To our knowledge those groups are not discriminatorily targeted because of their beliefs.
Below link to ZN®ion's home page & corporate Public Relations banner, more info, inspiration of and ZN's SEC filing archive.
https://www.zionoil.com/
Share Structure
Ownership Summary as reported in the most recent 13-F filings
https://whalewisdom.com/stock/zn
https://www.nasdaq.com/symbol/znog/institutional-holdings
https://www.morningstar.com/stocks/pinx/znog/ownership
ZNOG Statistical Resources
https://www.otcmarkets.com/stock/ZNOG/quote Level 2
https://finviz.com/quote.ashx?t=zn
https://www.otcmarkets.com/stock/ZNOG/security
** https://finance.yahoo.com/quote/ZNOG/key-statistics?p=ZNOG
https://marketwirenews.com/stock/znog/short/
https://www.marketscreener.com/quote/stock/ZION-OIL-GAS-INC-5543530/
Penny Stock Exempt
Transfer Agent Verified
Independent Directors
Authorized shares: 800,000,000 11/01/2021
400,000,000 11/30/2020
200,000,000 09/30/2018
Outstanding shares: 323,653,837 11/01/2021
241,121,879 03/31/2021
238,488,738 03/05/2021
237,512,743 01/28/2021
237,167,067 01/04/2021
236,693,125 12/02/2020
236,524,194 11/30/2020
231,762,828 09/30/2020
173,367,104 05/07/2020
164,691,068 03/31/2020
123,973,084 12/31/2019
64,415,398 09/30/2018
55,888,399 12/31/2017
Held at DTC: 262,060,470 11/01/2021
179,968,498 03/31/2021
179,660,518 03/05/2021
179,487,173 01/04/2021
179,371,295 12/02/2020
179,413,084 11/30/2020
Restricted shares: *6,985,000
Float: 262,060,470 11/01/2021
223.78M 09/30/2020
124,191,166 01/17/2020
95.63M 12/02/2019
57,430,000 09/30/2018
Beneficial Shareholder: 45,700 08/10/2021
https://www.otcmarkets.com/stock/ZNOG/security
* estimate
* https://www.sec.gov/Archives/edgar/data/1131312/000121390020036443/f10q0920_zionoil.htm
Shorting Activity
Notorious clearing house for unlocked GTC shares, log in to see ZNOG availability, up dated hourly.
https://www.interactivebrokers.com/en/index.php?key=ZNOG&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
Links to see recent short interest activity
https://iborrowdesk.com/report/ZN
http://shortvolumes.com/?t=ZNOG
https://fintel.io/ss/us/znog bi-monthly + daily intraday
http://shortsqueeze.com/?symbol=znog&submit=Short+Quote%E2%84%A2 bi-monthly
http://www.buyins.net/tools/symbol_stats.php?sym=ZNOG daily squeeze & friction
https://marketwirenews.com/stock/znog/short/
PREDICTED REVENUE WHEN ZION OIL STRIKES
Netback as of 04/10/2020
Posted by JRyan 10/11/2021
NOTE: I am using 300 million shares, todays share price, & todays Oil Price
Jake Maruschok's ZNOG Netback spreadsheet updated daily...sometimes
https://docs.google.com/spreadsheets/d/1Oxc9TLczRxQ_OvAnqN8beZ4foiCXh3GTtuETheInesw/edit#gid=0
Source
https://stocktwits.com/jmaruschok/message/409362402
LATEST UPDATES 2020-2021
Zion Oil & Gas Completion of the drilling phase of MJ-02 well November 23, 2021
https://www.zionoil.com/updates/zion-oil-gas-completes-drilling-phase-of-the-megiddo-jezreel-2-mj-02-well-in-israel/
Zion Oil & Gas Operations Update from Israel as of November 11, 2021
https://www.zionoil.com/updates/zion-oil-gas-operations-update-from-israel-as-of-november11-2021/
Zion Oil contracted for directional drilling services, Operational Update 09/21/2020
https://www.zionoil.com/updates/press-release-september-21-2020-zion-oil-gas-drilling-rig-set-to-depart-for-israel/
What is Directional Drilling?
https://en.m.wikipedia.org/wiki/Directional_drilling
VIDEO: Casing the first section of the Megiddo-Jezreel #2 Well in Israel 2/8/2021
https://www.facebook.com/zionoil/videos/746152222987089/
.
Nature of Operations as of November 2018
Zion Oil & Gas, Inc., a Delaware corporation is an oil and gas exploration company with a history of 18 years of oil & gas exploration in Israel. As of September 30, 2018, the Company has no revenues from its oil and gas operations.
Zion maintains its corporate headquarters in Dallas, Texas. We also have branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.
Exploration Rights/Exploration Activities
The Company currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres. The Megiddo Jezreel #1 (“MJ #1”) site was completed in early March 2017, after which the drilling rig and associated equipment were mobilized to the site. Performance and endurance tests were completed, and the MJ #1 exploratory well was spud on June 5, 2017, ahead of the June 30, 2017 deadline under the then-existing license terms. The MJ #1 well has been drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet). Thereafter, the Company obtained three open-hole wireline log suites (including a formation image log) and the well was successfully cased and cemented. The Ministry of Energy approved the well testing protocol on April 29, 2018. Testing of the well is ongoing and the Company expects that testing will be concluded in the fourth quarter of 2018.
Depending on the final outcome and results of the current MJ #1 well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets are reachable using directional well trajectories.
Megiddo-Jezreel Petroleum License, No. 401 (“MJL”)
The MJL was awarded on December 3, 2013 for a three-year primary term through December 2, 2016, with the possibility of additional one-year extensions up to a maximum of seven years. The MJL lies onshore, south and west of the Sea of Galilee, and the Company continues its exploration focus here as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential. In late November 2016, The State of Israel’s Petroleum Commissioner officially approved Zion’s drilling date and license extension request.
On October 30, 2017, the Company sought a multi-year extension to its existing license. After receiving feedback from Israel’s Petroleum Commissioner, the Company submitted a revised extension request on November 9, 2017. On November 20, 2017, Israel’s Petroleum Commissioner officially approved the Company’s multi-year extension request on its Megiddo-Jezreel License No. 401, extending its validity to December 2, 2019. Until recently, the Company remained subject to the following updated key license terms:
No. | Activity Description | Execution by: | ||
1 | Submit final report on the results of drilling | 31 May 2018 | ||
2 | Submit program for continuation of work under license | 30 June 2018 |
On June 1, 2018, Zion submitted its Megiddo-Jezreel #1 End of Well Report (EOWR) for the MJL, thus fulfilling our item No. 1 Final Report license work plan obligation, shown above.
On June 14, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On July 1, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to November 1, 2018, as shown below.
No. | Activity Description | Execution by: | ||
1 | Submit program for continuation of work under license | 1 November 2018 |
On October 23, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On October 28, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to January 31, 2019.
The above notes excerpted from page 5 of 3rd quarter 10-Q November 8, 2018
https://ih.advfn.com/p.php?pid=nmona&article=78651027
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Notes from November 20, 2018 Operational Update:
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
?1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
?1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
Reference made to August 16, 2018 Operational Update re. future plans
https://www.sec.gov/Archives/edgar/data/1131312/000121390018011310/f8k081618ex99-1_zionoil.htm
/
November 2017 installing blowout protector (BOP)
Zion Oil & Gas Spuds the Megiddo-Jezreel #2 Well in Israel January 6, 2021
3D Grid Map upon completion October 2019
Source: https://www.zionoil.com/updates/
3D Assessent Report completed April 2020 is exclusive and proprietary to the State of Israel and ZION
3D & Rig podcasts
Robert Dunn, speaks about Zion’s recent rig purchase and other details of operations during this time of the COVID-19 spread worldwide.
https://www.zionoil.com/updates/zion-podcast-episode-1-interview-with-zion-chief-operations-officer-robert-dunn/
Dr Lee Russel, Zion Oil & Gas Senior Geoscience Advisor, speaks about his background, his coming to work with Zion, his work on the Megiddo-Jezreel #1 well, and his 3-D seismic interpretation work
https://www.zionoil.com/updates/zion-podcast-episode-2-interview-with-zions-senior-geoscience-advisor-dr-lee-russell/
Zion President, Bill Avery, and Zion CFO, Mike Croswell. Discussion includes the recent filing of the 10-Q, understanding financial aspects, how the rig is a game-changer for Zion..
https://open.spotify.com/episode/4xVV6kgCcFBvF76NsTHJki?si=NvH1GALjThS_ODpZJbsVDA
Jeffrey Moskowitz, Zion's VP, and Israeli Branch Managing Director. The interview discusses Jeff's role at Zion, his history , background, work at the Israeli office, 3-D Seismic work, the purchase of the rig.
https://open.spotify.com/episode/4xXap2YcEe5ZInnNdOSnJv?si=YBisoD9bSDm5Y-UkXOT2JQ
Zion Founder and CEO,John Brown. Discussion includes his heart for Israel, his single-minded focus on obeying God in all things, and his reliance on God's timing.
https://open.spotify.com/episode/2fzeiOxzB58isHgGu3uCr4?si=dx3u3fcIQkWEvbZm-FagEA
Zion Oil & Gas Purchases Drilling Rig for Israel Operations
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (ii) closed that purchase on March 12, 2020, the same day, by Bill of Sale from the seller to Zion.
On March 13, 2020, Zion paid the seller $4.6 million in cash and remitted the remaining $1.0 million in cash to an escrow agent to be held pending completion of acceptance testing of the rig upon its arrival in Israel.
“This is a new era for Zion and a positive step forward for our 2020 exploration plans,” Zion’s COO, Robert Dunn said. “With our asset based in the State of Israel, our planning and flexibility will become more robust.”
“We believe this is the right time for this to happen,” stated Zion’s President, Bill Avery. “Having cash budgeted and available for the purchase of this rig shows the strong support of our shareholders and evidence of God’s faithfulness.”
The rig is a 1600 horsepower AC Top Drive equipped rig with a twin 1600 horsepower mud pump system with a depth capability of 20,000 ft. The rig will be equipped with almost 15,000 ft of heavy 5” drill pipe along with associated well control equipment and inventory.
Actual rig pictured above. Currently stacked awaiting shipment to Israel. 1600 horsepower AC Top Drive equipped rig capable of 20,000ft depth.
The rig underwent a full CAT III & IV certification in late 2017, reassuring the quality of the rig and ancillary equipment, and it has drilled two wells since certification.
The rig and equipment will be imported into Israel from Romania, where the Drilling Rig is currently stored.
The State of Israel has currently imposed travel restrictions relating to the Coronavirus outbreak, including a requirement that any person arriving in Israel, including the operating crew for the rig, will currently need to undergo a two-week quarantine.
In addition, the ports of entry into Israel through which the rig will need to enter, may be undergoing work disruptions on account of the virus outbreak. Accordingly, it is not possible at the present time to accurately estimate the time or resources that may be necessary to import the Drilling Rig onto the well site or any delay arising as a consequence of the outbreak.
Zion Oil & Gas, a public company traded on NASDAQ (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.
WATCH THIS SHOW ON CNBC/EUROPE
http://www.exin.tv/mini/cplayer2.html?2,18%20Aug%202006,Zion%20Oil%20and%20Gas,CEO%20Gene%20Soltero
USGS Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
~~~~ RESEARCH LINKS & POSTS ~~~~
**** Compiled Zion Information, The SEC, Share Pricing, Field Size!****
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=142598743
* How oil and gas are resources estimated with MJ#1 detail & drilling timeline 7/17/2017 through 3/12/2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142326507
* Testing Zones update November 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144911158
* ZN Formation pressure encountered in 2018 & clarification of
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142566219
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144936287
* ZN Wellbore Pressure versus Formation Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145013764
* ZN Heavy gas encountered Oct 12, 2017: what it means
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144960708
Drilling and Testing Hot, High-Pressure Wells
https://www.slb.com/~/media/files/resources/oilfield_review/ors93/0493/p15_32.pdf
HPHT wells
https://www.slb.com/-/media/Files/resources/oilfield_review/defining_series/Defining-HPHT.pdf?la=en&hash=3FF8F894C76522C77D31DAF3B136B24371E7CCDC
Drilling & Construction HPHT wells
https://www.slb.com/~/media/Files/resources/oilfield_review/ors98/sum98/pgs_36_49.pdf
Directional Drilling
https://drillers.com/directional-drilling-everything-you-ever-wanted-to-know/
Logistics & equipment
https://www.halliburton.com/content/dam/ps/public/solutions/contents/HPHT/related_docs/HPHT_Global_Client_Brochure.pdf
Wellhole analysis, what we know
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Packers
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Reservoir Fractures & Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Small Acid Job & Completion Fluids
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143309742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143362301
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143440488
Formation Testing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143361725
MJ#1 zone trap area and size.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Discounted rig costs for ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144174715
Onshore Gas
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143858086
MJ#1 Reservoir Announcement Size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142884720
MJ#1 Geology After Testing Triassic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143028742
Genie, MJ#1 and the Rift (see 14min)
https://www.youtube.com/watch?v=Uqi1o-_a2ao&feature=youtu.be
https://blogs.timesofisrael.com/israels-oil-in-golan-megiddo-jezreel-valley/
Genie took ~2 years to spud exploratory well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143591767
Genie took 10 months to drill 1000meters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143590326
Map of four previous ZN wells
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143258821
Levant Basin report via USGS circa 2010
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
Fracking and how it relates to ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143300005
MJ#1 zone trap area and size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Well Test Step 1 - Open Hole
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142845818
Well Test #2 - Pressure Transient Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846173
Well Test #3- Production Flow Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846523
Well Test Summary
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846973
2D vs 3D Seismic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142854420
Risk Factor #1 - Can the well be drilled?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142701633
Risk Factor #2 - Finances Available to Drill And Test The Well?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142726740
Risk Factor #3 - Regulatory Approval
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142734193
Risk Factor #4 - SEC Compliance & Final Risk Factor Score Card
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142745430
Risk Factor of Exploratory Well vs. Production Well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143155094
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144935395
* Calculating PPS based on Israel's Energy Independence
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142628564
* Oil Company that owns 3D Technology
http://www.usgeophysical.com/
* How do seismic surveys work
http://www.oilandgaslawyerblog.com/how-do-seismic-surveys-work/#more-48
* How 3D Seismic Imaging changed the Drilling Industry
http://www.domeenergy.com/3d-seismic-imaging-changed-drilling-industry/
* 3D Underground structures in clearer focus
http://www.dea-group.com/en/dea-magazine-2017-01underground-structures-clearer-focus
* 3D In the Med & Middle East
http://www.pgs.com/data-library/europe/mediterranean/
* Basic 3D
http://www.drillingformulas.com/basic-understanding-about-3d-seismic-for-petroleum-exploration/#more-6265
* 3D Evaluation, sweep example
https://csegrecorder.com/articles/view/an-evaluation-of-single-vibrator-single-sweep-3d-seismic-acquisition
* MJ#1: " a focused 3D seisimaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forward/
~sq. kilometers to sq. miles
https://www.dollartimes.com/calculate/area/square-kilometers/square-miles
~If the area of the circle is 50 kilometer2
https://www.calculator.net/circle-calculator.html?radius=&radiusunit=meter&diameter=&diameterunit=meter&circumference=&circumferenceunit=meter&area=50&areaunit=kilometer&ctype=1&x=82&y=17
* MJ#1 Low Chloride Well monitoring:
~Salinity of fresh, brackish and sea water
https://www.engineeringtoolbox.com/water-salinity-d_1251.html
~Mineral content of drinking water, 100 USA cities
http://www.mgwater.com/mgrank.shtml
~WHO Guidelines
https://www.who.int/water_sanitation_health/dwq/chloride.pdf
~~~~ LAWSUITS LINKS & POSTS ~~~~
Lawsuits and SEC investigation impact
All Lawsuits Against Zion Oil & Gas Have Now Been Dismissed
https://www.zionoil.com/updates/press-release-april-1-2020-all-lawsuits-against-zion-oil-gas-have-now-been-dismissed/
https://www.prnewswire.com/news-releases/all-lawsuits-against-zion-oil--gas-have-now-been-dismissed-301033335.html
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142984351
SEC investigation filing, timing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586499
Shareholder Suits re ZN notice of Sec Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143563443
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144013604
http://securities.stanford.edu/filings-documents/1066/ZOGI00_01/201889_f01c_18CV02067.pdf
Yolanda Holtzee is Whistleblower by her own admission.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143550100
Opinion by IRisky
https://investorshub.advfn.com/boards/read_pmsg.aspx?message_id=143102483
Possible Reason for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143166134
A quick brief over where things stand
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143685490
[ZION $ZN AND] THE STOCK MANIPULATION MEME
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143727229
Possible Outcome for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144043255
JRyan's Lawsuit Compilation List up to Oct 9
https://investorshub.advfn.com/secure/post_reply.aspx?message_id=144235839
Lead plaintiff
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144252116
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144261260
Malicious Prosecution against a named plaintiff.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144499304
PacerMonitor, Texas Northern District Court
https://www.pacermonitor.com/public/case/25309943/Peak_et_al_v_Zion_Oil__Gas_Inc_et_al
Litigation accrued estimated loss $500,000 a/o Nov 8, see 10-q , page 33
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Assessment Report of November 6, 2015
~~~~~Image & Research Sources~~~~~
Assessment Report issued November 6, 2015
https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/
8-K exhibit from Nov 6, 2015
https://www.sec.gov/Archives/edgar/data/1131312/000121390015008273/f8k110615ex99i_zionoilgas.htm
The entire exhibit list
https://www.sec.gov/Archives/edgar/data/0001131312/000121390015008273/0001213900-15-008273-index.htm
Upper Jurassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 32,198 86,061 241,544
Recoverable 5,786 17,893 54,776
Triassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 9,322 26,901 85,250
Recoverable 1,749 5,699 19,694
Example of an Fault Line Structural Trap
https://en.wikipedia.org/wiki/Directional_drilling
MJ#1 zone trap area and size.~~~ We are talking thousands of acres size and feet deep for the reservoir.
~~~ Note: See Seismic Locater (figure 11) before attempting to read AR-2118 & ZI-5128 seismic maps.
\
\
\
\
\
\
\
~~~~~~Seismic Grid Axis~~~~~~
\
\
\
Chart Source: https://www.stockscores.com/charts/charts/?ticker=znog
ZN MJ#1 well finds active petroleum system that is not commercially productive. 3-D seismic testing in progress.
Zion Oil and Gas, Inc., a Delaware corporation, which has an active petroleum exploration license onshore Israel, the Megiddo-Jezreel License (“MJL”), comprising approximately 99,000 acres, announces that it has completed the testing program of its primary zones located within the Jurassic and Cretaceous-age Formations of the Megiddo-Jezreel #1 (MJ #1) well. As a result of the testing, Zion has determined that the well is not commercially productive.
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
8-k November 20, 2018
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |