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This has been spoken of before, Possible reason, for the secrecy is the on the edge military aspect of the region. Golan Heights is not far away. Many other situations that are to lengthy to go over here. Do your own research on this.
Read and search the Israeli newspapers, to get a better sense of what life is like over there. It is not hard to find once you establish a search mode, on this topic, the links all fall into place.
If you do this , then you may understand why the secrecy. Also believe that is in the contract, That any info release needs to be cleared by Israeli gov. Correct me if I am wrong, Thank you
What I would like to know is what ZN promised or told the Israeli Oil Ministry to get them to renew the License ?
What was said or what was promised
I agree 100% sir, but I wonder how the ministry approved it if there was no such figure.
I hope we see it, for if not, like you say, it would be up to the whales at that point.
My biggest disappointment over the years is the secrecy they maintain even when asking for monetary support. This should not be, for a Christian operating in the Holy Land. All that does is raise suspicion and chase possible investors away. But like you I assume, if He is in this, then the money will come and so will the oil. Thanks for giving us what we wished the company had given us!
Hey goldbug7, here is a guess...
A work plan has to be submitted with a license request and the license grant usually has a performance requirement to stay in-force such as "drill a well by xyz date per the work plan". In this case, I suspect the work plan says "re-enter, stimulate, and test MJ-01 by xyz date". And the exact method of stimulation would have to be specified and approved. In this case, the stimulation is no doubt the fracking-light method used on MJ-02. So, the implication is that Zion has approval to frack MJ-01. The work plan might have also listed future drilling plans based on the 3D and learning from MJ-01/02. I am 100% sure that the license approval was based on the P50 reservoir size for the MJ-01 re-entry as the Ministry is very focused on economics and all the economics are available at this stage to put the financial investment/return analysis in place.
Looking at recent Zion PRs, sounds like they have most of the logistics planned and much of the equipment in place. But, they need $10M to actually do the work. So, I would guess there will not be substantial work until the funds are raised; its anyone's guess how long this will take. Perhaps a whale steps up or perhaps there is a new units offering for public participation.
So, to answer you question - If Zion announces the target P50 in companion with a new units offering, even if the P50 is not earth shattering large, then I think they will get the $10M and the re-entry project will move forward timely; likely completed by 4Q as they stated. If they do not announce the P50, then the Units offering will fail as did the last one. Then we are at the mercy of a whale again for the work to get done on any timeline. This is all my opinion of course.
I appreciate JB asking for God's provision in his last email - we should all being praying for God's provision in all aspects of our lives. However, I am putout with Zion for not telling investors what the opportunity is via a P50 number or similar. I don't think the opportunity (reservoir size) is large, so maybe Zion is embarrassed that its so low relative to speculation over the last few years. I don't know why they do not disclose the reservoir's size, but they are the only exploration company that I am familiar with that is raising funds for drilling that does not disclose the probable reservoir size. This leaves them wide open for criticism and rightfully so in my opinion - don't follow industry practices by telling investors what the upside is if oil is found, but just ask them to pray for funds coming in. If they continue keeping secrets from investors, I believe their investor pool will remain small and they will have difficulty raising the $10M absent a whale.
I as well, but the big question is answered.
The license was awarded. Fact.
We proved the Shorter's wrong again........ but what about when Bruce was having a blast bashing us Longs calling us stupid.
let us have our moment .... it's called "touché ,"
I don't recall anyone saying there will not be any lease, unless it was tied to ZNOG running out of funds.
Most said that they were asking people to invest when they did not even have a lease.
This whole school cheerleading posting is absurd.
Yeah, Zion got a new three year lease after months and months of having no lease. So the stock gets a short term bump with some large sells tempering that bump.
Zion still needs $10m dollars right? Or will they fundraise for 2 years and finally announce in year 3 - they have moved the drilling rig and are finally about to begin drilling. Hoping to obtain more money and keep those salary payments flowing.
All this focus on Bruce, cracks me up. I mean eating crow because the lease was finally approved for three years. The company probably has roughly $400k left in cash and is spending around $97k a month.
If people don't start investing, that is going to be one skinny crow dying from starvation that Bruce is figuratively eating.
I’d like to see Kentucky Oil comment on what we can expect to see in the near future. What will be the first thing they need to do followed by etc. The company is unlikely to give us a step by step list of steps they will be taking. Thanks in advance!
Understand your frustration.
Yet after months of constant negative posting about how there will be no license, at least admit this is good news.
Folks lied to manipulate the situation.
Is it the news stockholders wanted? Yes. The company got a new lease on life.
Remember the goal? We have not completed it, but the constant nagging about the company itself was just proven wrong.
Good day all, yeah you too Bruce, Shalom.
Bruce....that must have killed your Soul to post that.....(with no links I might add....so it's "TRUST ME")
When we vote on this Board for Sainthood....i'm voting for you
here's a link for ya.... replace "TV Dinners" with "Crow Tar Tar"
Okay, okay, you forced me to post it.
For those of you that want the link to VERIFFY and/or PROVE Zion Oil works 32 work weeks, here is "the secret". Go to Facebook, the Zion Oil page, click on INTRO, click on the CLOCK icon, press the down arrow. Yeah, way too complicated to find on your own, I guess.
Yikes, you are paying them to eat their lunch, too! Zion Oil investors are so generous.
Hours
Closed now
Monday...... 9:00 AM - 5:00 PM
Tuesday..... 9:00 AM - 5:00 PM
Wednesday... 9:00 AM - 5:00 PM
Thursday.... 9:00 AM - 5:00 PM
Friday...... CLOSED
Saturday.. CLOSED
Sunday.... CLOSED
You must have broken a mirror the other day, 7 more years, bad luck. Do you remember this from Rob Dunn, as President of Viking Internation, 8 and a half years ago? Yes, I can post a link if you can't find it, it's from the Feb 2015 issuse of Hydrocarbon Technology Magazine. Yes, I said 2015.
"Viking Services has secured a contract to provide its Rig 35 drilling rig for the operations at Zion Oil & Gas’ Megiddo-Jezreel license area in Israel.
The contract will also see Viking deliver several other oilfield services and crew for exploration activities within Zion’s Megiddo-Jezreel License area in Israel.
The two-year agreement includes the drilling of two wells with an option for a third well.
"We are excited to join forces with Viking Services."
The first well, Megiddo-Jezreel #1, is expected to be drilled in the second half of 2015, subject to Zion securing regulatory approvals."
Dunns tone and voice was completely uncharacteristic of him. The enthusiasm, excitement, and ...... details are odd coming from him. Do you recall how many times we needed an interpreter KYoil to explain the deadpan comments from Dunn? Either someone else wrote that email or something is different. Or maybe he is just excited to have 7 more years of big income for running an expensive hole digging company.
As far as Zion is concerned, I will not be excited about them any longer unless there is a REAL ANNOUNCEMENT of a commercial grade find.
We've been here before and heard many times "We'll start here, finish there"...blah, blah, blah.
I'm not impressed. They'll just continue collecting big paychecks while we wait for the coming of the Lord.
Now, we wait for the same ole "rinse and repeat" stuff that will be said. Also the many excuses of WHY THERE HAVE BEEN DELAYS.
STAY TUNED TO SAME TIME, SAME BAT CHANNEL.
Other than that, I pray all is well with everyone.
Be blessed
Both here and the hoo, he is quiet.
Might be called a shekel hit.
Hey Bruce.....how's that Crow taste ???
I have had it many times.....fried ....boiled ....broiled....
Just don't forget the Mustard and sweet relish.
What a coincidence! Oil closed today above $90 a barrel. Why discover oil if the price is so low you can’t sell it for a profit? Who is in charge of time anyway? Hmmm
Interesting rereading this.
https://www.worldoil.com/news/2023/6/15/zion-oil-gas-updates-exploratory-well-status-onshore-israel/
Beam me up Scotty. There is no intelligent life here.
And all of this doesn’t matter! Have a great day!
Got mine loaded back in the last few weeks.
I figure it will eventually explode again.
I guess many will be eating crow now. Up 50% and I guess some are now in the green. I am not but I do not lose sleep over it.
TAB - whomever the whales are, they are still there, but in the background. What a journey this is. The license would not have been approved if funding wasn't accounted for, at least I think so.
We zion stockholders have very few good days of late. This is an exception.
I guess it's you that doesn't get it.
Crow is due sir.
I received email at 09:08 California time.
Price started up at 08:28 California time.
How to be among first to know?
PRESS RELEASE
Zion Oil & Gas, Inc. Announces Award of New Megiddo Valleys License 434 Allowing for Ongoing Oil And Gas Exploration in Israel
Re-Completion Operations in the Megiddo-Jezreel #1 Well (MJ-01) to move forward.
DALLAS, Texas, and CAESAREA, Israel, September 14, 2023
Zion Oil & Gas, Inc. (OTCQX: ZNOG) is excited to announce that the State of Israel has awarded Zion a new exploration license, named the Megiddo Valleys #434.
"Today marks a significant milestone for Zion Oil & Gas, and we are thankful to our persevering shareholders and supporters," said Zion Oil & Gas CEO Rob Dunn. “This license is a major endorsement from the State of Israel and affirms our longstanding commitment to unlocking Israel’s onshore energy potential.”
Approximate boundaries of Zion’s new exploration license area awarded on September 14, 2023.
This exploration license 434, similar to Zion’s previous exploration licenses, will be valid for three years until September 13, 2026, with the option of four 1-year extensions for a total of seven full years until September 13, 2030. This new license includes approximately 302 square kilometers or about 75,000 acres.
Zion plans to start re-completion operations on the Megiddo-Jezreel #1 well (MJ-01) as soon as possible. Zion is deploying new technologies, focusing on new stimulation methods for MJ-01, and aiming to potentially unlock hydrocarbon flows in several identified key zones. Zion has already procured service contractors and ancillary items required for efficient operations and anticipates commencing operations in Q4.
Zion attributes these achievements to God’s faithful provision through the unwavering support of its shareholders and steadfast prayers for Zion Oil & Gas.
"We’ve had to wait patiently for this license, and God uses times of waiting to prepare His people for greater things,” said Zion Oil & Gas Founder John Brown. “We know that our trust in God will never be without reward according to His Plans."
About Zion Oil & Gas
Zion Oil & Gas, a US public company traded on the OTC Market, explores for oil and gas onshore in Israel.
Investments can be made directly and without brokerage fees or commissions via Zion’s website at www.zionoil.com through Zion’s Direct Stock Purchase Program
Any minute now.
Imagine the outcry by the other companies if Zion Oil were the only "oil" company to get a new lease on-shore, and the only "oil" company to be allowed to frack, in all of Israel.
That's always been in the back of my mind since the lease expired. That, and the other 500 dry holes drilled by other companies in Israel. Why are none of them wanting to go back and "frack" their holes, too.
Did it EVER make sense.
I guess you and I just don't get it.
I have no clue why you think Zion can easily get a renewal when we have been running without a renewal since February.
I don't buy that.
Liscious,
I am ready to go!
I dont believe I will be here to see this thing through. The headlines about "we are not alone" has reached fever pitch. I have a "looking for me?" folder in plain sight in my house. Tick tock. Look up.
It's not the license, it's the money.
Zion can easily get the license renewed, but they need to prove they have the money to get the work done.
No $10Mil, no license area.
No way Israel is going to lock up that real-estate to a company that cannot raise the capital to do the job.
I do not believe the Whale(s) are interested any more.
It's almost like they took Creflo Dollar's email appeal to his supporters for 60 million dollars to buy his own jet airplane (replacing the one he has now that leaks oil), and then just changed two or three words to make it from John Brown buying more MJ#1 testing. I would check to see if JB plagiarized Creflo, but I guess folks here don't really want to know.
You do know investor relations uses AI technology (per Andrew's resume on Linkedin)? And no, Risky, I'm not going to give you the link to Linkedin, you can look up the Marketing Directors resume there, yourself. But it does lead me to wonder, is that an AI generated email? I guess probably not, just a surface reading of the email and you realize it's too stupid for it to be generated by an AI, even an AI run by Zion Oil.
The irony is not lost that he quoted the versus AFTER Jesus was angry they were making money off selling his ministry in the Temple…
Has anyone seen a press release where he reduced his $20k+ monthly salary?
The sunshine pumpers need to step up and make it happen!!!! Bulls for ZNOG!!!!!
Very unsettling.
People have lost their loving minds to think electric cars/trucks are the way to go. They're not looking at the BIG PICTURE and them financial impact.
Sad, really sad.
I am sorry but what is this "cracked pot" saying????
We still do not have any official approval and he wants $10 million dollars????
Has he lost his loving mind???
Seriously!
John Brown is now begging GOD for 10 million to finish the well.
Bruce never posts links ....unlike the rest of us.
We like to give credit to what we post.
And Bruce....here is a link....suggesting that you should post links .....when you are blogging and need to add a link.
https://michellerafter.com/2011/05/18/8-essential-reasons-to-put-links-in-blog-posts/
Who was the last idiot that was saying that Electric Cars are going to take the World by Storm ???
OIL IS DEAD !!!!
Yeah....buy an Electric Vehicle ....that's the ticket
https://www.thestreet.com/technology/ford-loses-nearly-60000-for-every-electric-vehicle-sold
Their office is in Dallas, it is in a PUBLIC building owned by Prosperity bank, you can get the address at their website or the Edgar filings, and you can go there and try the doorknob. Two people at Yahoo showed up at different times on a Friday, office doors bolted shut. One guy freaked, sold everything, the other checked with the building manager, and was told they don't work Fridays.
As for the Jewish holidays, In the past they have proudly declared that as a selling point to the Christian crowd investing here. That was pretty much more than okay with this particular investing crowd, I don't know why they are denying it, now. You can google the companies previous statements on the holidays and they clearly state they don't work Jewish holidays. It's not hard to google.
I've been posting since at least $6 a share, it is now 5 to 6 cents a share. I can't tell you what it will be Q1 2024 since the company has no problem misleading folks, they could easily lie and the stock price double, as it did the first time they said MJ#1 had oil. But I have no idea why long term investors what to suck others into this. If you are wondering, Zion Oil doesn't even have a lease.
I guess you are one of the folks who picked up on the Facebook or Twitter video of ZNOG, the short video with the drill bit turning saying they are going to bless Israel, the video with the 6.4 million hits. That's been out there for years and years. That's how it got 6.4 million hits.
Know the agenda, explains everything.
Anyone who has been around for awhile knows there is no proof to anything he posts. Take his comments for what they are worth - absolutely nothing!
Can anyone show proof if these statements are false or true?
I thought it was so obvious that I didn't need to explain it to you, but for those that need it, here's the explanation
The average Israeli works 5 1/2 days per week, Sunday through Thursday plus a half day on Friday for most. The normal workweek is 45 hours. By law, they begin paying overtime after 46 hours. They take 3 weeks holidays a year.
Zion Oil, falsely claiming they are going to do the Jew thing, do this. They work 4 days per week. The normal workweek for them is 32 hours per week. They take 6 weeks holidays per year.
So, compare a 45 hour work week to a 32 hour work week, 3 weeks holidays to 6 weeks holidays, 6 day work per week to 4 days work per week.
Obviously, these Texas boys are taking advantage of anyone who thinks Zion Oil is doing the honest and Godly thing here by taking off Jewish Holidays, Christian Holidays, Christian Sabbaths, Jewish Sabbaths, and Fridays (the entire day, not just a half day). And that is why "people" are raising the issue.
No one is complaining about the Jewish work ethic, that's crazy.
They are complaining about the work ethic of Zion Oil, and how they lie to justify it.
Any news?
So ZNOG has about $400k in cash left with a monthly burn rate od $93k.
Has anyone seen any pay cut announcements?
Or is Mr. Prosphecy still getting his $20k+ a month?
Edit....glad you found it....
Yes you can, as I have before.
It's dated though.....
Now the small Derrick I tried but didn't see it.
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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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