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I don't think people realize the gravity of $250,000,000 in losses. When 6 or 8 families lose $10K or so each by a fraudster, that is a tragedy. But when 25,000 families are decimated by the same, that's just a statistic.
100% agree with 100% of your statements.
There are some on this Board that look forward to your posts. Excellent job.
And I bet The Israelites were getting tired of waiting for the Land of Milk and Honey as well.
I have to snicker thinking about we are where they were now.....but, if ZN started out in Y2000, and it's Y2023 now.... And we have to go 40 years.....
WE ONLY HAVE 17 YEARS TO GO !!!!!!!
We're over HALF WAY THERE !!!!
We're LIVIN' THE DREAM !!!
You are very judgmental. Apparently, you know the "truth" vs. the "lie." How can you say they have not been straight with us, or what gives you the right to say they are "twisted?" Most of all, how can you possibly conclude that God would have let them know by now? Don't things happen "in His time?" How can mere people say it should have happened by now vs. waiting on the Lord? To me, that borders on heresy! You can say you highly doubt it, but to come out like one who knows so much more than others is beyond presumptuous. Finally, don't give yourself so much credit by claiming you have called the outcome while others have not. You are giving yourself far too much credit.
In truth, I am by no means against anyone who is believing God for something and exercising their faith. However, when it comes to Zion, I think it is more than obvious these guys have proven time and time again that they are happy to take your money. They grease their pockets while and continue to string us all along.
Not that I think myself great but my word has stood against everyones when in each well that I have been a part of I have correctly called the outcome as it is. Yet, people continue to hold to those who have "miscalculated" or "prophalied".
It's amazing to me how quick people are more apt to believe a lie rather than believe the truth. I cannot count how many have said through the years, "Someone must know something" and it turns out there was nothing.
The other thing people have said, "buy, buy, buy" while Zion continues to devalue the share price. If the blind lead the blind...
Wisdom says, open your eyes and see the truth of what is really going on and not what Zion and so-called "prophets" or professionals are trying to get you to believe...see the TRUTH.
Do I believe there is oil there? Absolutely. Do I believe Zion is the one to find it. I highly doubt it. They have not been forth coming about information through the years. People have made MANY EXCUSES for them and have been wrong. It may be like a story written in the Midrash about Elijah and a man who wanted to follow Elijah. I wish I had the time to share it. Suffice it to say that because of a group of men that were wicked, God had forever hid the gold from them.
These people have not been straight forward with us. They have been collecting paychecks for years while us "Dreamers" have not received one dime or mite. They are twisted and God has not allowed them to find the commercial grade oil. I believe that if it was the will of God to find it, he would have led them to it by now.
I know the stories of patience written in the scriptures, I also know the story of a people walking in circles in a wilderness because of their rebellion and never seeing the promise land because of their rebellion.
Do I want Zion to strike commercial grade oil, yes. Will they, while I don't have a Word from the Lord, I will go by what I see and know currently, I highly doubt it.
Now, we will continue going back and forth on this board because the "Dreamers" want oil but I highly doubt somes motivate is to bless Israel but rather to bless themselves. Nothing wrong with investing in one's future, just make sure you're investing in the right place.
Bruce....you have to quit using the FREE VERSION of CHAT GPT.
https://www.foxnews.com/us/expert-warns-courtroom-chaos-new-tech-could-unleash-bogus-info
Maybe it should be renamed to CHAT PINOCCHIO
Why NOT ?
Miracles occur every day....every hour.
And for ZN to hit oil....it would be nothing short of a miracle.
I don't put God in a box....He can do anything He wants...when He wants.....including Miracles.
And i am sure the vast majority of us in for the long haul would love to see a Miracle.
Please don't compare ZNOG to miraculous biblical events
I bet the Israelites, when pursued by Pharoah, were praying for a Miracle (and a QUICK Miracle)
The Leviathan Gas Pocket right off the Coast of Israel experienced a Miracle.
Why can't we ??
(I'm looking for my Mustard Seeds right now)
<< Who would have thought that the Red Sea would split
And how about 40 days and nights of rain >>
Please don't compare ZNOG to miraculous biblical events.
hey Pastor..... i hope this helps
Some of us investors here on this Board actually think that ZNOG will hit....We don't know when but we have faith.
Who would have thought that the Red Sea would split
And how about 40 days and nights of rain
ZN hitting Oil would be a small miracle from God....but yet we wait for it.
Proverbs 3: 5-6
Matt 15:14
Matthew 15:19-20 (the part about giving false testimony is especially insightful)
They have to wait until nobody is looking.....pull it out into deep water....sink it.
Case in point. So where will they dump this boat load of junk?
https://www.dw.com/en/ev-laden-freight-ship-towed-to-new-location/a-66391309?maca=en-newsletter_en_bulletin-2097-xml-newsletter&r=67278621046232780&lid=2620480&pm_ln=213534
The environmentalist are half idiot, and with the other half.... non existent.
Nothing at all wrong with progress when adapted with measure taking into account
all the facts and science. Fact is the green revolution is failing both economically and with
their own carbon foot up their wazooo. So while we wait another 15 years or more for green
to mean anything, we can all shut off our gas stoves and starve and freeze. The manipulated
supply problems require so much less energy as production of so many items and food sources
are cut... were it not for these cuts in energy demand, the picture would be so much worse for
the green giants. Perhaps the House of David will give us another giant slayer? Now that would be divine providence for sure! The Jolly Green Giant is feeling the lack of energy for some strange reason.
Go carbon. Satisfy the real demand like only you can do.
yeah, and it's learning is based on info... the good the bad the ugly.
I see it as the next generation calculator for now. wonder when AI
is going to be able to have feelings and a sixth sense? when that happens,
I will trade in my mother in law for a robogal.
L2 is thin, above .08 - .15. all we need is an update for a nice bounce or even a little run
Play em, the way they play
They are getting it on, you're still paying their paycheck with no returns.
The blind will lead the blind.
And Bruce .... still.....not one link to show where you get this information.
I guess we'll just take your word on it .....NOT
If I had a dime for everytime that somebody told me "Trust Me" .......
And it's true that you cannot believe everything on the internet yes.....
but some kind of credible source is needed before I believe anything.....you post.
Ever notice that others on this board post links to back up what they are talking about.
You said Google it. Hey....if you want to get a point across ....do YOUR OWN research.
and post the links as well.
You telling us to google it is like me going to some type of Sales Meeting and telling everybody ....here's what I got but I am not going to do a Power Point Presentation because you will just have to TRUST me. That would go over really well.
Can you see something like this: Me standing in front of a BOD ...and I say......."Picture this in the Theater of your Mind - I have generated a beautiful Power Point with Trees and Birds and stuff - and I have a laser pointer that I flash across the screen .....you can't see all this..... you will just have to google it yourself"........LOL ....Bruce ...C'mon Bruce .....Get real Buddy
How bad are the environmentalists in Israel? Or maybe the question is, how powerful are the environmentalist in Israel? When a citizen buys a gas or diesel car there, they pay a 99% tax on the car. Used to be 100%, but I guess they dropped the VAT tax to 16% percent, so now it's only 99% (an 83% car tax for gasoline powered vehicles, plus a 16% VAT). Don't like the car tax? The bureaucrats there will tell you, publicly and without fear of any backlash or reprisal, to go use public transportation.
So now, environmentalists with that power and arrogance are going to play nice and not object to Netanyahu when he changes established policy, reopens on-shore oil and gas leasing that they said they would shut down, and start up fracking that is now prohibited in Israel, all for one tiny company that, all by itself, is bidding $0 on a lease?
Okay, I must be lying, but before you post that, Google it so you don't look like a
I was just responding to the "I made it up" comment by saying you could easily check it out. Anyway, you know it wasn't me because chatGTP speaks perfect English and uses perfect spelling.
I knew about the Prime Minister in Israel requiring a majority to rule long before chatGTP came into existence. Anyone who follows the news in Israel would know. And it's easy to verify, chatGTP was just one of many ways to verify.
And if you follow Israel, you have to know the Knesset and the bureaucracies in Israel are overwhelmingly liberal, and what that means for it's government.
They are not going to willy-nilly reverse the decision to ban all gasoline and diesel cars and trucks by 2030. Or reverse any other "environmental" related decision that they have made. If Netanyahu goes down that path, he is in big trouble.
I already use CHAT AI for alot of things.... and i also test it to see if it's correct - some things do not have a margin of error.
I asked it about the IOPs for DELL Storage the other day and it was close but when I was looking at Cloud Migrations - Migration of Active Clusters using SAN Replication or AZURE Migration Tools or VMotion.....some of it's answers were wayyyyy off.
it's something that is still in it's infancy. And we do not know which direction CHAT leans. Left or Right.
and I don't rely on ANYTHING .....100%
chat GTP 3.5 is FREE. ASK IT YOURSELF.
Google search the following:
sign up for chat gtp3.5
and click on the link to openai.com
I don't think you would lose your soul at this point by signing up for it. If you're worried about that, use a fake name and fake email. It's free.
Bruce.... so now you are relying on AI to help you with ZN Oil and Gas ?
How do we know that you didn't type that out yourself and say it's CHAT ?
I asked CHAT GPT about Bruce McDonalds. She said you had a Farm.
Would you believe chatGTP?
QUESTION: Does the Prime Minister of Israel require majority support to rule?
chatGTP ANSWER: "The political system in Israel is a parliamentary democracy. The Prime Minister of Israel is usually the leader of the political party or coalition that holds the majority of seats in the Knesset, which is the Israeli parliament.
In order to become the Prime Minister, the individual needs the support of a majority of members in the Knesset. Israel has a multi-party system, and it is rare for any single party to win an outright majority of seats in the 120-seat Knesset. As a result, after each general election, the President of Israel typically consults with the elected representatives to determine which party or coalition has the best chance of forming a government with majority support.
The President then tasks the leader of that party or coalition with forming a government, and if they successfully gain the support of at least 61 members (a majority) of the Knesset, they become the Prime Minister and can form the government.
It's worth noting that the dynamics of coalition building in Israeli politics can be complex and may involve negotiations, compromises, and sometimes shifts in alliances to reach the required majority. As a result, the composition of the government and the Prime Minister's position can be subject to change based on political developments and shifts in support within the Knesset."
A little more info for you....
chatGTP ANSWER: "If the Prime Minister of Israel loses a majority support in the Knesset (the Israeli parliament), there are several possible scenarios that can unfold, depending on the specific circumstances and political dynamics at the time. Here are some potential outcomes:
Resignation: The Prime Minister may choose to resign if they no longer have enough support to govern effectively. This resignation can lead to the formation of a new government with a different Prime Minister candidate.
Formation of a New Coalition: The Prime Minister could attempt to form a new coalition with different political parties to regain majority support in the Knesset. This often involves negotiations and compromises to build a new government.
No-Confidence Vote: The Knesset could hold a vote of no confidence against the Prime Minister. If the no-confidence vote is successful, the Prime Minister and their government would be removed from office.
Snap Elections: If efforts to form a new coalition fail, the President of Israel can call for new elections. Snap elections are early elections that allow voters to elect a new Knesset, potentially leading to a different political composition and a new Prime Minister."
yeah, he makes it up as he goes as if it has been a revelation. Anything can happen. One thing for sure, BiBi is against NATO(biden) pushing Russia, China, Iran into a coalition. I will venture out to say that should Net come close to losing control because of the biden led neo libs and the Supreme Court fiasco, he will take out Iran before he is taken out. Without a doubt we are living in exciting times no matter what side of the line one finds themself. Because I am an optimist albeit cautious, Zion Oil and Zion will prevail IMO.
I wish I had time to disect this post point by point but you have made so many statements that just are not correct that doing so would take to much time and space. With all that's currently going on in Israel, to say that Netanyahu would risk his position by granting Zion Oil and Gas another lease is laughable. I think his health, Hezbollah, Hamas, Islamic Jihad, the Palestinian issue, antagnostic World and US governments are far more crucial than a lease for Zion. It is for all these reasons that I suspect the process could be delayed but to give it the empahasis you have is quite amusing. I think you can do better.
I hope you guys who are buying more and more shares because you think the Israeli government will renege on their promise not to approve any new on-shore leases realize that Netanyahu is not like a President of the United States. Netanyahu is head of a coalition government. He can only rule while his coalition is in majority. The instant he displeases one of his coalition members and his coalition drops below 50% approval, he get's fired and they hold a new election for a new Prime Minister.
Two years ago, Israel said no new leases on-shore. That was a tip of the hat to the greenies. Now, you expect Netanyahu to risk his position as the leader of the government to let Zion Oil have another 7 year lease? And to compound the issue, by allowing them FRACKING, too? And even more so, to award the lease to them for a bid of $0 (talk about politics, the Knesset would have a field day on that, alone - these new leases are supposed to be put out for competitive bid). All this would for sure put a crack in his government. And any Oil Ministry bureaucrat is gonna know this, that approving an on-shore lease would put Netanyahu in a real bad position, and likely get Netanyahu, and himself, fired..
No chance. Not even close.
yes.....he's that old
LOL, and you have been paying attention this past 100 years?
Couldn't agree more.
$ZNOG has good plays left in it
Exactly when or how many?? Only God knows
But, Ya get more with honey than ya do with vinegar
Yes they would. I don't know where that assumption comes from but they sure would
Yes they would. I don't know where that assumption co.es from but they sure would
Don't even buy into this. Look into the history of this company. Wait a little longer. Believe me, based on history, you have PLENTY OF TIME.
Good....the price of Oil will be even HIGHER then.
LOL! Yeah, right...
Peanuts, popcorn, cracker jacks...
Who was on this Board about a year ago ..... And they said Electric Cars were going to put the Oil Industry out of Business ?
And in 2030 we would be all driving Electric Cars and liking it. Who was that ?
Anyway....I found this article today dated 26 July 2023.....
And yes....Oil is going to be with us for a looooonnnnnng time.
https://www.rallypulse.com/news/an-electric-car-ignited-and-destroyed-a-huge-ship-off-the-netherlands.html
I am selling my new EV because I need more Pony Power.
If you know anybody in the market.....here is a short clip.
Any reasonable offer......
interesting article I never considered the loss of ev power at high temperatures. i would guess there would be an increased chance of the vehicles catching fire too.
and where does all the energy come from that goes into mining operations of minerals needed to produce the new battery powered vehicles? so oil and gas are vitally needed for quite a while longer. but OMG we have to stop using our gas stoves!
what happened to freedom of choice? there are some places they fine you for using firewood in your vacation cabin's fireplace or pot belly stove. time to toss out these green lunatics.
obvious to you maybe. that's what's funny. have you ever invested in an actual oil play where you have a mineral interest or royalty interest? or do you go to the otc only and short stocks? that is the obvious part. this is a wildcat operation basically. most investors know the risk and put up money knowing it is a wild gamble. that is the oil business. only now, technology has refined the game where it is less of a gamble than before. the disappointment and elation both are already factored in by investors. roll them bones and step back.
.01 don't see that on any data or charts, hmmm....
All spikes drop back some that's why they are called spikes
I see each well as an opportunity and one step closer
But if ya feel that way, then don't buy any
Play em the way they play
Here is another article written for current events of this heat cycle we are experiencing.
https://www.zerohedge.com/technology/endurance-electric-vehicles-falters-extreme-heat
Thanks for the laugh.
Yes, hide the super secret 3d data. Because ZION has some super secret insider information that nobody else has, so everyone just buy the stock!!!! Like now, already!
At this point, it would not shock me if the folks in Israel have their hand open waiting on the $$$$, rather than a penny stock, in order to approve the new lease.
Afterall, that $$$$ has to stay here and pay the hard workers in America that are busy fundraising, posting on message boards, sending emails, issuing press releases, and sharing the gospel according to John.
And if it spikes like you said, all those $.01 deals are going to sell and take their profits bringing it back down very quickly.
Woo hoo, we can drill again. BUY, BUY, BUY....JB sends out another email with more biblical prophesy. Then nothing probably happens except for more fundraising and further stock dilution.
Anyone buying and holding this worthless penny stock is going to be very disappointed IMO.
It is almost comical that people cannot see what is happening and it is so obvious, at least to me.
In no way would I make excuses for dumb moves. That said, I would not disclose the 3d info at all with the exception of the placing the rig. That 3d info is not cheap to come by and sharing it with SH would be like sharing it with the world of competitors. Plus, by having it, Israel is more likely to be more concillitory ..sorry for the mispelling but I am going to bed now... Israel will be more amiable to support the companies endeavors in the search for hydrocarbons by having that data. IMO
And like the greenies in France, Germany is once again starting up nuclear reactors after re-classifying them as green!!! LMAO, just change the definitions as they trot along on the CO2 ride to hell.
by the way, more co2 in the atmosphere means more green grass and more growing green trees... which in turn makes more oygen for us to breath. Yes, in the days when carbon was a real footprint of the dinosaurs everything grew much bigger, much greener,and lived longer. The greenie weenies need to begin by taking a course in Historical Geology taught by a real professor of science, not some university installed diversity quack paid for by Sir George Soros and Herr Schaub.
I still don't know why ZN did not explore ALL AREAS of INTREST .....when we had all the equipment in MJ01.
Did they hit a little and decided to move to MJ02 and hit more ?
Is this a Stall Strategy ?? (Stall 'em as long as you can)
If they had all the data from the 3D....why didn't they focus on it ?
Why does ZN BOD not share what 3D info they did come up with ....with ZN SH's ?
(ZN has the lease area / area of interest secured and should not be able to get kicked off of it....right ???)
All the Hype about the 3D info for a while there and we paid for it.....so let's hear it.
I need to find the article so I can post the link..... Some City in France bought 3000 Electric Taxies. Used them for a couple of years or however long it take for the batteries to die permanently. So they go back to the Dealer to see how much it costs to replace the batteries - then they find out that it's cheaper to buy new Taxies than to replace the batteries. So now.....Taxi France has to not only buy the new Taxis but store the Crap ones as well. There's a Limp .....
Yep, I agree, I have had shares for many yrs, although I did sell majority just before they closed MJ#1 a few yrs ago
and yep I have even posted the license is a given
But watching current trading I think a lot if folks have forgotten this
And am trying to remind them that when license renewal and re entry into MJ#1 they gonna see a heck of a spike here
Regardless of what Nellie's R currently saying
All IMO of course
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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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