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Bruce.... you are getting just wayyyy too sensitive. It's a common phrase.....If X is telling the truth.....truth be told.....ect ...etc...
And maybe ZN lied to prolong .... You don't know and I don't know. Trust but Verify.
But if I offended you .... my sincerest apologies...
but you have to remember the environment we are in right now.
This is Oil Stock and who knows what the truth is.
If it makes you feel any better.....I'll buy you a Beer.
Maybe ZION OIL lied, but I told you the truth. Go to 20:22 of the 1:01:44 Zion Oil informal part of the Annual Stockholders Meeting video on YOUTUBE, and start listening at "We have roughly six hundred and twenty five meters of cement down hole...".
Just because you don't like what I post is no reason to think I lie. The very fact that you may be offended by the truth just might indicate you're invested in the wrong stock.
I must have missed that post on the hole being plugged with so much concrete. So I would assume that his post was due diligently researched and he knows beyond a shadow of doubt that it was cased in such a manner.
But then, why is the company proceeding to re enter without such details being pronounced already?
Anyway, perhaps that is about to be explained more in detail on how they plan to proceed.
Wonder if this includes fracking. If so, I hope they frack it good.
A pre holiday update perhaps??? Let's hear something...from the company, not smart ass replies.
Same insider enrichment religious grifting affinity scam as before. Nothing new.
Monroe..... i dunno what is happening but if I was one of the Engineers on the rig..... and if Bruce is telling the truth about a 20"x200 meter plug....
I personally would NOT move the rig.....
I would directional drill the hole about 1500 ft down and then follow the hole to wherever .....
but that's just me.
Shuddup Bruce.
anyone know if the rig has been taken down and moved yet or recertifiication ongoing? Should be getting close to uprigging.
Last comment: The 13 Original Colonies that King George or Phillip (or whoever) sent over here were not really expected to succeed.
It was an Experiment by the King of England. And yet....here we are.
The MOST successful ....the most Powerful .....Country in the World. And I believe it's a Miracle.
America prospered so much that England needed America and the massive amount of Prosperity she generated.
10 Do not despise these small beginnings, for the Lord rejoices to see the work begin, to see the plumb line in Zerubbabel’s hand.”
Some of us have Faith enough......
Progie..... you might not have heard this before but .....
1) Noah started building an Ark and everybody laughed at him.
2) The Israelites were trapped against the Red Sea
3) Sarah had Isaac at 99 years old
4) Jesus feeding the 5000 with 3 fish and 5 loaves
It's called Faith. And some of us have alot of it here. Time will tell.
I have seen too many miracles not to trust Him.
Just checking in real quick. I still have all my original shares and still haven't purchased any new ones.
I was just curious after all the time that has passed what the conversations were looking like on the board these days.
Nothing new under the sun, I see.
I pray everyone is doing well otherwise.
Have a blessed day.
That's a knee slapper if I ever heard one.
You need to get out more.
Those cars have probably dripped more oil than all of ZNOG's wells have ever produced - combined!
I went ahead and checked John Brown's company car for ya (curiosity got the better of me), according to the 2021 annual report (released March 2022), and also the 2022 annual report (released March 2023):
The 2017 through 2020 car lease for John Brown was a 2017 LIncoln MKZ, $5000 down, $875/mo, it lasted 39 months through Nov 2020. That vehicle was returned to the car dealership with less than 80,000 miles on it (no extra charge for milage).
The new car lease was a 2020 Chevy Equinox. $1500 down and 39 months at $448 a month. Very cheap at half the price! I assume that lease expired 39 months later on March 2024, so we won't know about the new car lease until the 2024 annual report is out.
The cost of the car lease for John Brown was listed in the annual report a few years back. It was about $5500 down and $850 a month for a 4 year lease, which was roughly a thousand a month consdiering the initial payment. It might have been a Lincoln Contential, but a Lincoln for sure. It would be easy to find (just search Lincoln on the past 4 or 5 years of annual reports), I'll find it for you if you really want me to post here, again. They told us the exact terms of the lease, but I don't think they mentioned the insurance for it. So maybe a little extra for that.
I assume Rob Dunn has taken the keys away from the 83 year old John Brown at this point, but I have no evidence of that. So, heck, John Brown might still be driving...
Looks as though Israel looking favorable on oil and gas.
too bad zion has none.
this scam was a nyse listed company. hard to imagine.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158039104
Good catch. Thanks
They found a few quarts of "liquid" 5 years ago 😂🤣
Odd all of the Big Talk the company hasn't generated any revenue.
"Since we have limited capital resources, no revenue to date and a loss from Operations"
There isn't any real oil and gas companies that are listed on the OTC - because they don't have access to capital.
Oil and Gas companies on the OTC are all scams.
IG
that's what the new Gaza dock is all about. O&G exports. Pipelines are next.
UK, USA, Saudi Arabia, all going after Yemen for to steal their oil and gas
Same game just another decade.
And then we have the NON Religious NUT JOB SHORTERS .....
that profess they are trying to help others avoid a Pit Fall.
Bruce .....how do you know JB drives a Lincoln ? Are you an insider or a stalker.
Israel grants initial approval for additional gas exports from Leviathan reservoir
https://www.timesofisrael.com/israel-grants-initial-approval-for-additional-gas-exports-from-leviathan-reservoir/
Looks as though Israel looking favorable on oil and gas.
CEO's nut-job religious "talk-with-god" ramblings must count too. 😂🤣😅
If you've played penny stocks of companies that lost millions before, you know the final push on the message boards is to claim these losses are assets (against future earnings). Haven't really seen that happen here, yet. And Zion Oil has never claimed their losses as assets, to their credit.
But if you think Israel is going to give you a discount on the oil you remove from their land because you paid 20 years of a thousand dollars a month rental for John Brown to drive a Lincoln car around Dallas, more power to you. You might as well add in the 25 people's salary working in Dallas for over 20 years - that would be another 100 million in losses. But the tax man in Israel was not born yesterday.
As for American taxes, you get a 100% credit on them for taxes you pay in a foreign country, so if Zion Oil ever makes anything on their wells in Israel (and pays 25% Israeli taxes), they will owe no American taxes. Not sure what you want to check with the Board, the fees Israel charges for removing oil from their land are in the Zion Oil 2015 annual report for the Megiddo lease, available for anyone to check.
So when can we bring this question to ZN Board of Directors so they can agree or dispute or explain ????
Nonsense. All fees listed are Israeli fees and taxes, nothing to do with American taxes.
Your $250 milliion "write-off" only applies to American Income Taxes. And even that write off will never be touched.
ISRAELI TAXES AND FEES:
The 12.5% royality to Israel
The 6% royality to Israel charities
The 1.5% royality to management
The 45.52% resource depletion tax
The 25% ISRAEL INCOME TAX (not American Income Tax)
Israel will give or pay about 30% of the cost to bring this well into production in the form of a discount in the 45.52% depletion tax over the first year or two of operation, but that's it. And you can only claim that reduction on money spent on this NEW LEASE IN ISRAEL (not the past 23 years of losses and not the losses in Texas). You don't even get to claim the cost of MJ#2, that was a different lease.
But at least as far as American Taxes are concerned, yup, zero. Why, because the Israeli Corporate taxes are higher than the American Corporate taxes, and the Income Tax paid to Israel is deductable on American Income tax. So no matter what happens, Zion Oil will never pay income taxes in/to America. And Zion Oil will never get a penny tax refund on their $250 million in losses.
I know you guys want to believe whatever someone tells you that sounds good, but the world, and taxes, just don't work that way.
Just a point of note for those watching, the taxes referred to, yeah it's high. I wonder how come the write offs are not included in the statement below?
In short, the taxes are way less until that investment has been recovered. R1/R2.
What does that mean? The $200+ million has to be accounted for before your taxed on any profit. Takes a while to get there does it not...
Those expenses count...
Same 10-k docs.
Convenient to leave out right?
Edit: had to be filled with concrete per agreement....not a we will cone back later kinda thing. There is a reason the drill pipe and casements are still there.
Nah, not yet.
Unless you can tell me who among the 17 senior management and/or board people was/were the "xpert(s)" who decided to fill a viable well with up to 600 meters of concrete, and none of the others objected. You are paying the seventeen top dollar for their expertise, you have even approved bonus for them. Should not at least one have proposed NOT filling up MJ#1 with concrete. They did not display expertise. And now you, and all the stockholders, have a mess on your hands.
Are you finished yet ????
the GOOD, the BAD, and the UGLY:
I: Here are the 14 senior management and board members from 2005/2006 that are no longer with Zion Oil. Are these the GOOD, those that worked a few years, and seeing what was happening to investors, left? Or are these the BAD, disloyal people who turned their backs on John Brown?
Eugene A. Soltero
Richard Rinberg
Glen H. Perry
Philip Mandelker
Robert Render
James (Andy) Barron
Yehezkel (Charlie) Druckman
David Patir
Elisha Roih
Karen Soltero
Sandra Green
Amelinda Smith
Stephen E. Pierce
Stacy Allen Cude
II: Here are the 3 senior management and board members from 2005/2006 that are still working at Zion Oil in 2024 (today). Are these the GOOD, those loyal few who stuck with John Brown? Or are these the BAD, people who collected quarter to half million dollar salaries (5 to 10 million each over 20 years), taking investor money for themselves and not doing much at all for the investor in return?
William H. Avery
Paul Oroian
Kent S. Siegel
III: And here is the one, I think, that as time went on, is all three; the GOOD, the BAD, and the UGLY
John M Brown
Givot Olam had 800 barrels a day in Israel, use that as an example. Basically, Givot Olam bankrupted the Limited Partnership over it's 4 1/2 years of operation. The problem as I see it; senior management collected royalities on production, using funds from the Limited Partnership to cover the wells operating losses (so the General Partners had no reason to halt a losing operation, cause they got paid the royalities which are paid on gross sales without respect of cost to produce). When there was no movement on the proposed 40 well development plan for their billion barrel oil find, and the Limited Partners were asked to keep paying, they caught on. So, what I'm saying is, you need at least 1000 barrels a day to break even just with the operations in Israel.
And that won't cover the massive 250 million hole they created in the investor pocketbooks.
And for those who say, how can you lose with $100 a barel oil with a thousand barrels a day, keep in mind the following: Royalities to Israel, 12.5%. Royalities to charity, 6%. Royalites for senior management bonus, 1.5%. Resource depletion tax, 45.52%. Israel corporate tax, 25%. And what you have left over pays for the operations. Anything leftover should go to the stockholders, but most likely, will go to senior managment and board members with additional bonus. The numbers are from the 2015 annual report for the the Megiddo lease that was granted. Simply do a cntrl-F on the annual report issued in March of 2016 (the 2015 annual report availabe on Edgar), and search the numbers I gave or the keywords (like depletion, royality, taxes etc).
And of course, the 12.5%, the 6%, the 1.5%, and the 45.52% are paid on gross sales, without regard to the cost to produce.
or .70 cents?
Well underlying many nor eastern states is the Marcellus and Utica fields... now finding that the frack water upon being pumped out and tested, contains usable quantities of lithium. So who knows what could happen.
While there are things about this company and the war scene I don't like, that in no way determines what may be produced.
https://www.livescience.com/planet-earth/scientists-just-discovered-an-enormous-lithium-reservoir-under-pennsylvania
No outlets of MSM covered this story save Fox. Wonder why?
So frack and drill drill drill like hell. Greenies will eventually yet reluctantly agree. Kind of like how suddenly nuclear power has become green.
Wondering if this micro wave tech is the same or similar to the pulse tech that originated in Russia. The results are good.
About 7 cents.
And you are right... deafening silence
Could be any of the following:
1) A watched Pot never boils
2) I don't want to jinx it
3) I'll come back when I see ZN on the News
It's been strangly quiet here even for Mr. Negative. I thought it would pose a question to get some activity here. Suppose Zion is successful with a viable well that produces around 200 barrels of oil a day as Mr. Dunn mentioned. What would the price per share rise to?
Weight of the plug 20" x 2000' = 580,321.49 lbs .....OR......263,173.1 kg
Volume:
4,363.32 cubic feet
or 161.6 cubic yards
or 123.56 cubic meters
4" Slump
5000 lb. PSI
How does one make drilling out a 650 meter cement plug sound exciting. Any idea of the weight of a 2000 foot by 20 inch diameter solid cement plug? That might work!
Anxious to hear if KYOil has anything to say following today's meeting.
Another little white lie? "May 2, 2024 at 8:12 AM PDT. Turkey confirmed it would halt all trade with Israel until the country allows uninterrupted and sufficient flow of humanitarian aid to Gaza," Look at that date!
A one month embargo a month ago delayed the project almost 9 months (according to the Zion Oil press release)!!!! There was no embrgo of stuff from Turkey to Israel in Oct 2023, Nov 2023, Dec 2023, Jan 2024, Feb 2024, March 2024. There may have been some minor interuptions in April. But whatever; As stated before, believe what you must.
Exactly. The gullibles love that stuff.
If they think it will help them in stringing along their investors as they dilute them into oblivion, then they may say they'll use it.
The technology has been around since 2017, that's long before the fully drilled MJ#1 was tested, retested, and re-retested, and following that, declared non-commercial. The technology is also only used for oil shale, which if their "discovery" was oil shale, was hidden from the investors back in 2018/2019. But with these guys, who knows what they or their supporters will claim (as possible).
I still remember (and you probably do, too) one highly followed poster here claiming MJ#1 could be turned into a giant fresh water to salt water battery, providing new energy for the region.. He even posted the link for this "tech". Clearly, investors here will "believe" anything. So frack away, technology unknown.
<< Will Zion be using this technology? https://www.arescotx.com/microwave-technology-the-new-fracking/ >>
How much dilution would be required to purchase that?
Will Zion be using this technology?
https://www.arescotx.com/microwave-technology-the-new-fracking/
Stockholm syndrome affecting some shareholders.
I guess it's not funny, anymore. They are going to do exactly what I thought they would do (as in worst case). They are going to claim and pretend the move of the drilling rig from MJ#2 to MJ#1 was/is the great accomplishment of their past two years of "work" !
All the while, the brave women of Meggido kept right on plowing and harvesting their fields (while their men went to war and the oil workers hide in fear). The people here will believe anything, even silly stuff, as long as it justifies their losses.
LOLOL...CEO's stock-scam religious cult leader nut-job.
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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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