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YOU"RE RIGHT !!!!
I'm selling all my stock tomorrow .....
thanks for the Stock Advice
I don't like any of the religious charlatans who prey on gullible believers for their own enrichment. ZNOG is a part of this type of exploitation.
You don't like Hal Lindsey ....... shame shame shame.....
How can this be a FRAUDULANT SCAM when we have a Rig and a Well .... and some guys drilling ?
That is 1 despicable human being.
...Hal Lindsey...
Did Isaiah suggest that fraudulent stock schemes like ZNOG would share in the wealth?
GoldBug...... Thank you for words of encouragement
God has blessed Israel with:
Natural Gas: Leviathan Basin
Agriculture:
Generating Water from out of thin air
Technology : have you seen some of the Antivirus Software written by Israelis ?
Ordinance : Israel has the latest and greatest defense systems ever devised
And yes.... I think Oil is on the agenda as well.....it's just WHEN is the question.
Who is dumping 7 million shares and then somebody buys them back the next day .....WTF.....over
The prophet Isaiah wrote a number of times that “The wealth of the nations would flow into Israel”. Other than oil, exactly how would that happen? The only question is it about to begin now? If they are going to start their exploration of MJ1 during the first quarter, then there are 15 days left for that to happen. Shorters should stock up on shares now in anticipation of a jump (probably small) in share price, while others think this could be what we’ve been waiting for. If we are not successful in this endeavor, I don’t see us raising the necessary $30 plus million to drill again somewhere else as I’ve written before so I put great hope, excitement and prayer that this is the time and geopolitically what it will take to get certain factions off Israel’s back!
Bruce, I was searching on Ralph Devore that you shared.
but I found something else.
how can I get this information to you ?
I do sincerely thank you for the caution.
but how do you express your opinions without be accused of advising ?
Was reading up on Hal Lindsey and his cousin, Ralph Devore the other day (just search those names plus Zion Oil if you are interested). Yes, ancient history. Ralph owned 18% of the Zion Oil stock, and was a director. Hal never disclosed this when he promoted Zion Oil and gave his oil in Israel prophecy, which was immediately picked up by other Chrsitian evangelists and is probably why the idea is stuck in prophecy to this day.
Ralph wigged out mentally in 2004 amid denominational squables about the direction Zion Oil was going (as in is it Jewish, is it Christian, is it split) and stated God would never bless Zion Oil because it couldn't decide what it was and had divided loyaties. That was pretty much the end of Ralph working there and Hal pumping Zion Oil, But the idea stuck with the rest of the Christian community,,,to this day.
That was just a caution, so many here do encouirage buying in.
Posts like #53780, from the REVEREND "Yes, add more while you can at this price. I own over 100,000 shares and still adding. Also, don't listen to the Naysayers." are common. From a reverend, too? Gee, this clearly is not a Godly stock.
Bruce.....I did not see any recommendations to anybody in that post.
M50 just said what he is going to do. based on your recommendations.
And he does not have to disclose anything to anyone.
He is not a Salesman or Real Estate Agent.
NEXT !!!!!
let it come down.. Its almost @ the all time low.. a half cent off.. I'll scoop up a few if it bounces of the ATL.. if it breaks, lets see how low it goes.. one thing is at some point with all the dilution they are doing and warrants that will be exercised.. there might be one heck of RS coming down the road..
Let me think about your recommendation over the weekend.
You shouldn't be recommending this to others, unless you also disclose to them that it has lost 99% of it's value in the past six years.
You durty guy !!!!.... but that was PRICELESS !!!!!
Bahhhhhhhhhhh ha ha ha ha ha
Happy Pi Day......
3.14 (15927)
You are being sarcastic right ???
All the evidence one might need. I am unloading all of my shares based on this expert analysis.
Good Morning Mr. Ryan !!!!!
Bruce and I were just discussing the theological disciplines of the Church in Rome
And Bruce is going on sabbatical today
So it's just Homebrew, you and myself on deck.
A great day to all.......
18,000 Christians lost $500 million dollars = How much is that per per person ????
Those were not ordinary Christians.
I am quite sure you are not making anything or any of this up......I prefer to Trust but Verify
And as before ... post some links for crying out loud. You think we are going to take your word on it ???
And my Dad always told us to have 8 forms of income, all stand alone profit centers. Work on the bottom 3 until they are in the Top Five.
That way, you always have income and you're not hungry
ZN has not produced .....YET
But God does not waste money....or food. Remember the 5 Loaves and 3 Fish and all the baskets of leftovers.
Hold on just a little bit longer.
Ah , same folks doing what they do.
Burns em that the rig is still there.
When will the work start? Not sure as there are more important things afoot.
I will say this, the area in which the rig is, its a mixed bag so to speak. Sure the farmers farm but there are dangers still. There are worse dangers in areas of Chicago.
I am not too worried however, as I am paying attention to what is going on in country and with BiBi. Strange guy, says strange things against America over the years, Biden doesn't like him, Trump doesn't either.
Half the population doesn't. That's the kicker, it's a democracy but a spilt one like ours, not a left/right thing but you get the idea.
So what of the stock? Still 6 cents surpriseeingly, at least for me. I had not added to my position nor do I have plans to. It is going to be a while before anything starts but that is my opinion.
I can assure you, lots of locals have no idea it's even there. Just looks like a coms tower from a distance.
I am no scammer. I am no zionist. I do however hope they succeed. The oil IS there but it will be a hard road to get it.
Good day.
Remember the story about the 3 guys that were playing Fan Tan.....
And somebody said....The World is coming to an end
First Guy says.....Well I best go to the Mission and Pray
Second Guy says.... I'm gonna get a case of Mezcal and chase Whores
Third Guy says...... Well then... I will finish the Game.
That's what we're doing Homebrew...... We are finishing the Game.
(That was in a Movie too.....can't remember the name)
Nobody is exploiting anybody. And again, It is my opinion and my Faith that keeps me here.
And I am not feeble minded or elderly.
Go turn over another rock to see if you can find anything else.
Most of the scam pumpers have faded away.
https://investorshub.advfn.com/boards/boardposters.aspx?boardid=7017
They thrive on exploiting the vulnerable. They don't care. And they post diatribes when you and others expose them.
... to those who want to pump ZNOG, please consider the damage that might be done to the feeble minded and elderly that can ill afford to lose.
If you can find it, you ought to watch Episode 6 of American Greed. It's where 18,000 Christians lost $500 million dollars to a scammer who claimed an Inspiration From God (Greater Ministries International of Florida). Double your money in only 17 months, help build new churches. Wow. The founder was adament to the very end, getting a 27 year sentence for fraud. Many of the supporters, also, adament to the very end, that it was the FBI that was at fault, everything was going great until Greater Ministries was shut down by the evil Feds.
If you watch the episode, you will see the devastation the elderly faithful faced in losing their retirements.
ZNOG with it's 25,000 Christians losing $250 millions isn't quite there, yet. If you are so inclined, you can still make a little money in it, before the collapse. But those so inclined, beware, you too could end up the victim.
In recent memory, two pumpers that used to post here proclaimed their faith in God by mentioning their entire retirements were in ZNOG. That was back when this was $1 a share or so, not too long ago. They no longer post here.
One guy I looked up from years ago on another board said he was the East coast handyman, going by the name of Def_of_Zion (he posted a work website). He put a major portion of his retirement into ZNOG. I checked his handyman website recently, and he's still doing high ladder work (with his son) well into his 70s. He lost it all, or shall we say, 99% of it. The other thing I noted on his website was he deleted all (several pages) of his End of the World prophetic Biblical references. I wish the son of Def_of_Zion would come online one of these days, and tell you what he really thinks of Zion Oil and Gas, and what they preach.
Beware, folks.
I made up none of this.
If you question the 25,000 people invested, that is a conservative estimate based on 4 years worth of investment data Zion's marketing director Andrew Summey mentioned in his previous public Resume on Linkedin. It most likely is more like 50,000 people have been sucked into this. The $250 million in losses figure is mostly from Zion's Edgar filings.
I think it's time for me to take a sabatical. Good luck to all, but to those who want to pump ZNOG, please consider the damage that might be done to the feeble minded and elderly that can ill afford to lose.
Zion Oil used to have the"secret sauce".
Now Zion Oil posses the "new technology".
Any idea why, of the 500 dry holes drilled in Israel, Zion Oil is the only one going back to their dry hole with this secret "new technology".
Bruce.... Most People on this Board might start giving you more credit or even paying attention to you if you would post links or information that substantiated your OPINIONS....
and where you are getting your information.
Instead of just spouting off some bologna about ZN and how it will crater soon.
How long have you been saying that ?
You and Porky and Homebrew..... LOL !!!
Broken Record syndrome comes to mind.
Maybe one day ??? yes ???
Here are some links to make your day ....
https://www.yahoo.com/news/mills-increased-efficiency-technology-result-110140274.html
https://news.yahoo.com/refracking-brings-vintage-oil-gas-wells-life-051230331.html
https://www.eia.gov/todayinenergy/detail.php?id=61523
ZNOG's gas-lighting's the only "gas" this fraud will ever produce.
Old JB is going to take a dry hole and with new fangled technology, going to resurrect it from the dead. You'll see. I'm counting on it. Just get your finger on the "sell" button when it happens, it will be over so fast the momentum players won't have a clue what hit them.
I feel sorry for the long term suffering. Yeah, even those posting here. But the momentum players, no one gives a hoot nor hollar about them.
Old religious kook affinity scammer speaks.
Old JB speaks!
https://mailchi.mp/zionoil/02369578-386114?e=4e97ae8d53
Zion Oil has gas-lite the faithful over the past 15 months. Now, the slightest news what-so-ever will probably double the price over night.
Gone are the days when a company (Genie Energy) could spud, drill, test,. plug, then abandomn a dry hole (part of their Golan Heights 10 well exploratory drilling program) in just seven months (2018).
Or maybe everybody watched tv last night? 😂
We get some good news or an update and the SP goes up ........
and now somebody will dump 4 Million Shares in ......3........2........1......
Old JB speaks!
https://mailchi.mp/zionoil/02369578-386114?e=4e97ae8d53
Keep it up! Where two or more are gathered together in my name…
Goldbug ..... I have been praying for 1351 days.....
i'm praying for blessings from the deep soon.
M50 ...... I DO love your posts. Keep it up Brother.
God does not waste anything.... and He sure takes His time arriving.
and it 's always in the nick of time....so you know Who to thank.
Married, Israel has proposed a 6 week cease-fire. Hamas has not agreed as of my last understanding. Idiots! I do see this as a perfect time to begin the new fracking techniques. After all we are in the 1st quarter of the new year. Join me in praying that this is the time God has set for Zion to bring oil to Israel.
So, I guess nothing happened between March, 23 and now. Oh, I forgot, it took forever for the license to be granted. If memory serves, that had nothing to do with Zion. Also, I s7eem to recall something pretty horrendus happened on October 7, but we all know that had nothing to do with any delays. One thing I will say, you never lile but you do seem to hold back on presenting all the facts.
The "Hit The Road Running" PR from March 2023 is not speculation.
And a year later, what they have now is not speculation.
Gosh golly gee whiz, Wally.
Bruce.....Sheer Speculation on all of these but.......What if.....
1) Israeli Prime Minister did not like the results or how Viking was performing ?
2) ZN did not like the results of how Viking was performing ?
3) Viking did not like the way ZN or Israeli Oil Minister was performing?
4) Viking sees no future with ZN or Israeli Oil ?
5) ZN might be see the separation as a cost savings?
6) Israeli Oil Minister is getting kick back from ZN to continue ?
Bruce.... I bet you have 60 of these reasons at least....and I bet yours are closer than mine on the truth, but ZN will probably continue to hold their cards close.
I'm getting ready to go on a sabbatical and not visit this board so often. A watched pot never boils.
They should be able to tell us why their 15 to 20 year relationship with Viking Services (their previous service provider) has come to an end.
Bruce....yes he is telling us the problems and they do not have all the solutions at this time, but hopefully, soon.
You need to get off your pessimism.
I am sure you have all the answers to all the questions all the time ....immediately.
That report indicates they still don't have a service provider, yet. No drillers even lined up! And that's the good news? Holy cow (and I don't mean a red heiffer).
they keep diluting with warrants.. Hope there's not gonna be a big mofo RS in the future..
Hey Web.... i already asked that question. Get your own Questions.
And that being said..... it would be nice if the BOD would share information at this time and rekindle relations between ZN BOD and Faithful Long Term Shareholders.
C'mon ZN BOD ..... show us a little Love. it might even help the share price if you are trying to reach a goal.
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ABOUT ZION OIL AND GAS COMPANY
Zion Oil & Gas is a U.S.-based corporation formed under Delaware law, exploring for oil and gas in Israel on licensed and permitted areas of approximately 99,000 acres located onshore between Tel Aviv and Haifa. Click on below link to find out more about Zion Oil & Gas.
COMPANY INFORMATION
In 1985, during a visit to Israel, John M. Brown (our founder and CEO) became inspired and dedicated to finding oil and gas in Israel, and he started the process that led to the Joseph Project. During the next fourteen years he made several trips each year to Israel, hired oil and gas consultants in Israel and Texas, met with Israeli government officials, made direct investments with local exploration companies, and assisted Israeli exploration companies in raising money for oil and gas exploration in Israel. This activity led Mr. Brown, together with others who had assisted him during those years, to form Zion Oil and Gas, Inc. in April 2000 in order to receive the award of a small onshore petroleum license from the Israeli government. Upon its formation, Mr. Brown and the others contributed to Zion all of the technical, economic, legal and financial data they had accumulated over the years relating to oil and gas exploration in Israel. We were reincorporated in Delaware on July 9, 2003. Though we have been around a long time, support for Israel, it is similar to the recent phenomena of social and ethical investing,where in crowd fundraising and otherwise people can choose investments which match their social & political, etc., outlook. To our knowledge those groups are not discriminatorily targeted because of their beliefs.
Below link to ZN®ion's home page & corporate Public Relations banner, more info, inspiration of and ZN's SEC filing archive.
https://www.zionoil.com/
Share Structure
Ownership Summary as reported in the most recent 13-F filings
https://whalewisdom.com/stock/zn
https://www.nasdaq.com/symbol/znog/institutional-holdings
https://www.morningstar.com/stocks/pinx/znog/ownership
ZNOG Statistical Resources
https://www.otcmarkets.com/stock/ZNOG/quote Level 2
https://finviz.com/quote.ashx?t=zn
https://www.otcmarkets.com/stock/ZNOG/security
** https://finance.yahoo.com/quote/ZNOG/key-statistics?p=ZNOG
https://marketwirenews.com/stock/znog/short/
https://www.marketscreener.com/quote/stock/ZION-OIL-GAS-INC-5543530/
Penny Stock Exempt
Transfer Agent Verified
Independent Directors
Authorized shares: 800,000,000 11/01/2021
400,000,000 11/30/2020
200,000,000 09/30/2018
Outstanding shares: 323,653,837 11/01/2021
241,121,879 03/31/2021
238,488,738 03/05/2021
237,512,743 01/28/2021
237,167,067 01/04/2021
236,693,125 12/02/2020
236,524,194 11/30/2020
231,762,828 09/30/2020
173,367,104 05/07/2020
164,691,068 03/31/2020
123,973,084 12/31/2019
64,415,398 09/30/2018
55,888,399 12/31/2017
Held at DTC: 262,060,470 11/01/2021
179,968,498 03/31/2021
179,660,518 03/05/2021
179,487,173 01/04/2021
179,371,295 12/02/2020
179,413,084 11/30/2020
Restricted shares: *6,985,000
Float: 262,060,470 11/01/2021
223.78M 09/30/2020
124,191,166 01/17/2020
95.63M 12/02/2019
57,430,000 09/30/2018
Beneficial Shareholder: 45,700 08/10/2021
https://www.otcmarkets.com/stock/ZNOG/security
* estimate
* https://www.sec.gov/Archives/edgar/data/1131312/000121390020036443/f10q0920_zionoil.htm
Shorting Activity
Notorious clearing house for unlocked GTC shares, log in to see ZNOG availability, up dated hourly.
https://www.interactivebrokers.com/en/index.php?key=ZNOG&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
Links to see recent short interest activity
https://iborrowdesk.com/report/ZN
http://shortvolumes.com/?t=ZNOG
https://fintel.io/ss/us/znog bi-monthly + daily intraday
http://shortsqueeze.com/?symbol=znog&submit=Short+Quote%E2%84%A2 bi-monthly
http://www.buyins.net/tools/symbol_stats.php?sym=ZNOG daily squeeze & friction
https://marketwirenews.com/stock/znog/short/
PREDICTED REVENUE WHEN ZION OIL STRIKES
Netback as of 04/10/2020
Posted by JRyan 10/11/2021
NOTE: I am using 300 million shares, todays share price, & todays Oil Price
Jake Maruschok's ZNOG Netback spreadsheet updated daily...sometimes
https://docs.google.com/spreadsheets/d/1Oxc9TLczRxQ_OvAnqN8beZ4foiCXh3GTtuETheInesw/edit#gid=0
Source
https://stocktwits.com/jmaruschok/message/409362402
LATEST UPDATES 2020-2021
Zion Oil & Gas Completion of the drilling phase of MJ-02 well November 23, 2021
https://www.zionoil.com/updates/zion-oil-gas-completes-drilling-phase-of-the-megiddo-jezreel-2-mj-02-well-in-israel/
Zion Oil & Gas Operations Update from Israel as of November 11, 2021
https://www.zionoil.com/updates/zion-oil-gas-operations-update-from-israel-as-of-november11-2021/
Zion Oil contracted for directional drilling services, Operational Update 09/21/2020
https://www.zionoil.com/updates/press-release-september-21-2020-zion-oil-gas-drilling-rig-set-to-depart-for-israel/
What is Directional Drilling?
https://en.m.wikipedia.org/wiki/Directional_drilling
VIDEO: Casing the first section of the Megiddo-Jezreel #2 Well in Israel 2/8/2021
https://www.facebook.com/zionoil/videos/746152222987089/
.
Nature of Operations as of November 2018
Zion Oil & Gas, Inc., a Delaware corporation is an oil and gas exploration company with a history of 18 years of oil & gas exploration in Israel. As of September 30, 2018, the Company has no revenues from its oil and gas operations.
Zion maintains its corporate headquarters in Dallas, Texas. We also have branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.
Exploration Rights/Exploration Activities
The Company currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres. The Megiddo Jezreel #1 (“MJ #1”) site was completed in early March 2017, after which the drilling rig and associated equipment were mobilized to the site. Performance and endurance tests were completed, and the MJ #1 exploratory well was spud on June 5, 2017, ahead of the June 30, 2017 deadline under the then-existing license terms. The MJ #1 well has been drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet). Thereafter, the Company obtained three open-hole wireline log suites (including a formation image log) and the well was successfully cased and cemented. The Ministry of Energy approved the well testing protocol on April 29, 2018. Testing of the well is ongoing and the Company expects that testing will be concluded in the fourth quarter of 2018.
Depending on the final outcome and results of the current MJ #1 well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets are reachable using directional well trajectories.
Megiddo-Jezreel Petroleum License, No. 401 (“MJL”)
The MJL was awarded on December 3, 2013 for a three-year primary term through December 2, 2016, with the possibility of additional one-year extensions up to a maximum of seven years. The MJL lies onshore, south and west of the Sea of Galilee, and the Company continues its exploration focus here as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential. In late November 2016, The State of Israel’s Petroleum Commissioner officially approved Zion’s drilling date and license extension request.
On October 30, 2017, the Company sought a multi-year extension to its existing license. After receiving feedback from Israel’s Petroleum Commissioner, the Company submitted a revised extension request on November 9, 2017. On November 20, 2017, Israel’s Petroleum Commissioner officially approved the Company’s multi-year extension request on its Megiddo-Jezreel License No. 401, extending its validity to December 2, 2019. Until recently, the Company remained subject to the following updated key license terms:
No. | Activity Description | Execution by: | ||
1 | Submit final report on the results of drilling | 31 May 2018 | ||
2 | Submit program for continuation of work under license | 30 June 2018 |
On June 1, 2018, Zion submitted its Megiddo-Jezreel #1 End of Well Report (EOWR) for the MJL, thus fulfilling our item No. 1 Final Report license work plan obligation, shown above.
On June 14, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On July 1, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to November 1, 2018, as shown below.
No. | Activity Description | Execution by: | ||
1 | Submit program for continuation of work under license | 1 November 2018 |
On October 23, 2018 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time was necessary because the Company had still not completed testing and evaluating all planned testing zones. On October 28, 2018, Israel’s Petroleum Commissioner granted Zion’s work program report extension to January 31, 2019.
The above notes excerpted from page 5 of 3rd quarter 10-Q November 8, 2018
https://ih.advfn.com/p.php?pid=nmona&article=78651027
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Notes from November 20, 2018 Operational Update:
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
?1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
?1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
Reference made to August 16, 2018 Operational Update re. future plans
https://www.sec.gov/Archives/edgar/data/1131312/000121390018011310/f8k081618ex99-1_zionoil.htm
/
November 2017 installing blowout protector (BOP)
Zion Oil & Gas Spuds the Megiddo-Jezreel #2 Well in Israel January 6, 2021
3D Grid Map upon completion October 2019
Source: https://www.zionoil.com/updates/
3D Assessent Report completed April 2020 is exclusive and proprietary to the State of Israel and ZION
3D & Rig podcasts
Robert Dunn, speaks about Zion’s recent rig purchase and other details of operations during this time of the COVID-19 spread worldwide.
https://www.zionoil.com/updates/zion-podcast-episode-1-interview-with-zion-chief-operations-officer-robert-dunn/
Dr Lee Russel, Zion Oil & Gas Senior Geoscience Advisor, speaks about his background, his coming to work with Zion, his work on the Megiddo-Jezreel #1 well, and his 3-D seismic interpretation work
https://www.zionoil.com/updates/zion-podcast-episode-2-interview-with-zions-senior-geoscience-advisor-dr-lee-russell/
Zion President, Bill Avery, and Zion CFO, Mike Croswell. Discussion includes the recent filing of the 10-Q, understanding financial aspects, how the rig is a game-changer for Zion..
https://open.spotify.com/episode/4xVV6kgCcFBvF76NsTHJki?si=NvH1GALjThS_ODpZJbsVDA
Jeffrey Moskowitz, Zion's VP, and Israeli Branch Managing Director. The interview discusses Jeff's role at Zion, his history , background, work at the Israeli office, 3-D Seismic work, the purchase of the rig.
https://open.spotify.com/episode/4xXap2YcEe5ZInnNdOSnJv?si=YBisoD9bSDm5Y-UkXOT2JQ
Zion Founder and CEO,John Brown. Discussion includes his heart for Israel, his single-minded focus on obeying God in all things, and his reliance on God's timing.
https://open.spotify.com/episode/2fzeiOxzB58isHgGu3uCr4?si=dx3u3fcIQkWEvbZm-FagEA
Zion Oil & Gas Purchases Drilling Rig for Israel Operations
Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (ii) closed that purchase on March 12, 2020, the same day, by Bill of Sale from the seller to Zion.
On March 13, 2020, Zion paid the seller $4.6 million in cash and remitted the remaining $1.0 million in cash to an escrow agent to be held pending completion of acceptance testing of the rig upon its arrival in Israel.
“This is a new era for Zion and a positive step forward for our 2020 exploration plans,” Zion’s COO, Robert Dunn said. “With our asset based in the State of Israel, our planning and flexibility will become more robust.”
“We believe this is the right time for this to happen,” stated Zion’s President, Bill Avery. “Having cash budgeted and available for the purchase of this rig shows the strong support of our shareholders and evidence of God’s faithfulness.”
The rig is a 1600 horsepower AC Top Drive equipped rig with a twin 1600 horsepower mud pump system with a depth capability of 20,000 ft. The rig will be equipped with almost 15,000 ft of heavy 5” drill pipe along with associated well control equipment and inventory.
Actual rig pictured above. Currently stacked awaiting shipment to Israel. 1600 horsepower AC Top Drive equipped rig capable of 20,000ft depth.
The rig underwent a full CAT III & IV certification in late 2017, reassuring the quality of the rig and ancillary equipment, and it has drilled two wells since certification.
The rig and equipment will be imported into Israel from Romania, where the Drilling Rig is currently stored.
The State of Israel has currently imposed travel restrictions relating to the Coronavirus outbreak, including a requirement that any person arriving in Israel, including the operating crew for the rig, will currently need to undergo a two-week quarantine.
In addition, the ports of entry into Israel through which the rig will need to enter, may be undergoing work disruptions on account of the virus outbreak. Accordingly, it is not possible at the present time to accurately estimate the time or resources that may be necessary to import the Drilling Rig onto the well site or any delay arising as a consequence of the outbreak.
Zion Oil & Gas, a public company traded on NASDAQ (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.
WATCH THIS SHOW ON CNBC/EUROPE
http://www.exin.tv/mini/cplayer2.html?2,18%20Aug%202006,Zion%20Oil%20and%20Gas,CEO%20Gene%20Soltero
USGS Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
~~~~ RESEARCH LINKS & POSTS ~~~~
**** Compiled Zion Information, The SEC, Share Pricing, Field Size!****
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=142598743
* How oil and gas are resources estimated with MJ#1 detail & drilling timeline 7/17/2017 through 3/12/2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142326507
* Testing Zones update November 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144911158
* ZN Formation pressure encountered in 2018 & clarification of
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142566219
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144936287
* ZN Wellbore Pressure versus Formation Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145013764
* ZN Heavy gas encountered Oct 12, 2017: what it means
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144960708
Drilling and Testing Hot, High-Pressure Wells
https://www.slb.com/~/media/files/resources/oilfield_review/ors93/0493/p15_32.pdf
HPHT wells
https://www.slb.com/-/media/Files/resources/oilfield_review/defining_series/Defining-HPHT.pdf?la=en&hash=3FF8F894C76522C77D31DAF3B136B24371E7CCDC
Drilling & Construction HPHT wells
https://www.slb.com/~/media/Files/resources/oilfield_review/ors98/sum98/pgs_36_49.pdf
Directional Drilling
https://drillers.com/directional-drilling-everything-you-ever-wanted-to-know/
Logistics & equipment
https://www.halliburton.com/content/dam/ps/public/solutions/contents/HPHT/related_docs/HPHT_Global_Client_Brochure.pdf
Wellhole analysis, what we know
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Packers
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Reservoir Fractures & Pressure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143010760
Small Acid Job & Completion Fluids
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143309742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143362301
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143440488
Formation Testing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143361725
MJ#1 zone trap area and size.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Discounted rig costs for ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144174715
Onshore Gas
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143858086
MJ#1 Reservoir Announcement Size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142884720
MJ#1 Geology After Testing Triassic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143028742
Genie, MJ#1 and the Rift (see 14min)
https://www.youtube.com/watch?v=Uqi1o-_a2ao&feature=youtu.be
https://blogs.timesofisrael.com/israels-oil-in-golan-megiddo-jezreel-valley/
Genie took ~2 years to spud exploratory well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143591767
Genie took 10 months to drill 1000meters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143590326
Map of four previous ZN wells
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143258821
Levant Basin report via USGS circa 2010
https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
Fracking and how it relates to ZN
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143300005
MJ#1 zone trap area and size
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143129790
Well Test Step 1 - Open Hole
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142845818
Well Test #2 - Pressure Transient Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846173
Well Test #3- Production Flow Test
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846523
Well Test Summary
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142846973
2D vs 3D Seismic
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142854420
Risk Factor #1 - Can the well be drilled?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142701633
Risk Factor #2 - Finances Available to Drill And Test The Well?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142726740
Risk Factor #3 - Regulatory Approval
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142734193
Risk Factor #4 - SEC Compliance & Final Risk Factor Score Card
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142745430
Risk Factor of Exploratory Well vs. Production Well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143155094
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144935395
* Calculating PPS based on Israel's Energy Independence
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142628564
* Oil Company that owns 3D Technology
http://www.usgeophysical.com/
* How do seismic surveys work
http://www.oilandgaslawyerblog.com/how-do-seismic-surveys-work/#more-48
* How 3D Seismic Imaging changed the Drilling Industry
http://www.domeenergy.com/3d-seismic-imaging-changed-drilling-industry/
* 3D Underground structures in clearer focus
http://www.dea-group.com/en/dea-magazine-2017-01underground-structures-clearer-focus
* 3D In the Med & Middle East
http://www.pgs.com/data-library/europe/mediterranean/
* Basic 3D
http://www.drillingformulas.com/basic-understanding-about-3d-seismic-for-petroleum-exploration/#more-6265
* 3D Evaluation, sweep example
https://csegrecorder.com/articles/view/an-evaluation-of-single-vibrator-single-sweep-3d-seismic-acquisition
* MJ#1: " a focused 3D seisimaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forward/
~sq. kilometers to sq. miles
https://www.dollartimes.com/calculate/area/square-kilometers/square-miles
~If the area of the circle is 50 kilometer2
https://www.calculator.net/circle-calculator.html?radius=&radiusunit=meter&diameter=&diameterunit=meter&circumference=&circumferenceunit=meter&area=50&areaunit=kilometer&ctype=1&x=82&y=17
* MJ#1 Low Chloride Well monitoring:
~Salinity of fresh, brackish and sea water
https://www.engineeringtoolbox.com/water-salinity-d_1251.html
~Mineral content of drinking water, 100 USA cities
http://www.mgwater.com/mgrank.shtml
~WHO Guidelines
https://www.who.int/water_sanitation_health/dwq/chloride.pdf
~~~~ LAWSUITS LINKS & POSTS ~~~~
Lawsuits and SEC investigation impact
All Lawsuits Against Zion Oil & Gas Have Now Been Dismissed
https://www.zionoil.com/updates/press-release-april-1-2020-all-lawsuits-against-zion-oil-gas-have-now-been-dismissed/
https://www.prnewswire.com/news-releases/all-lawsuits-against-zion-oil--gas-have-now-been-dismissed-301033335.html
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142984351
SEC investigation filing, timing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586499
Shareholder Suits re ZN notice of Sec Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143563443
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144013604
http://securities.stanford.edu/filings-documents/1066/ZOGI00_01/201889_f01c_18CV02067.pdf
Yolanda Holtzee is Whistleblower by her own admission.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143550100
Opinion by IRisky
https://investorshub.advfn.com/boards/read_pmsg.aspx?message_id=143102483
Possible Reason for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143166134
A quick brief over where things stand
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143685490
[ZION $ZN AND] THE STOCK MANIPULATION MEME
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143727229
Possible Outcome for ZION SEC Investigation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144043255
JRyan's Lawsuit Compilation List up to Oct 9
https://investorshub.advfn.com/secure/post_reply.aspx?message_id=144235839
Lead plaintiff
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144252116
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=144261260
Malicious Prosecution against a named plaintiff.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144499304
PacerMonitor, Texas Northern District Court
https://www.pacermonitor.com/public/case/25309943/Peak_et_al_v_Zion_Oil__Gas_Inc_et_al
Litigation accrued estimated loss $500,000 a/o Nov 8, see 10-q , page 33
https://www.sec.gov/Archives/edgar/data/1131312/000121390018015173/f10q0918_zionoilandgas.htm
Assessment Report of November 6, 2015
~~~~~Image & Research Sources~~~~~
Assessment Report issued November 6, 2015
https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/
8-K exhibit from Nov 6, 2015
https://www.sec.gov/Archives/edgar/data/1131312/000121390015008273/f8k110615ex99i_zionoilgas.htm
The entire exhibit list
https://www.sec.gov/Archives/edgar/data/0001131312/000121390015008273/0001213900-15-008273-index.htm
Upper Jurassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 32,198 86,061 241,544
Recoverable 5,786 17,893 54,776
Triassic Original Oil-in-Place (OOIP) and Recoverable Oil
as of September 1, 2015
Gross Prospective Resources
Target Horizon MBbl
Low Estimate Best Estimate High Estimate
(P90) (P50) (P10)
OOIP 9,322 26,901 85,250
Recoverable 1,749 5,699 19,694
Example of an Fault Line Structural Trap
https://en.wikipedia.org/wiki/Directional_drilling
MJ#1 zone trap area and size.~~~ We are talking thousands of acres size and feet deep for the reservoir.
~~~ Note: See Seismic Locater (figure 11) before attempting to read AR-2118 & ZI-5128 seismic maps.
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Chart Source: https://www.stockscores.com/charts/charts/?ticker=znog
ZN MJ#1 well finds active petroleum system that is not commercially productive. 3-D seismic testing in progress.
Zion Oil and Gas, Inc., a Delaware corporation, which has an active petroleum exploration license onshore Israel, the Megiddo-Jezreel License (“MJL”), comprising approximately 99,000 acres, announces that it has completed the testing program of its primary zones located within the Jurassic and Cretaceous-age Formations of the Megiddo-Jezreel #1 (MJ #1) well. As a result of the testing, Zion has determined that the well is not commercially productive.
Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.
•Zone 4;
1,784-1,775 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
•Zone 5:
1,232.5-1,228 meters flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.
8-k November 20, 2018
https://www.sec.gov/Archives/edgar/data/1131312/000121390018016338/f8k112018_zionoilandgas.htm
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