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sounds like a plan-i think the appointed time is getting closer-
after 19 years of zn searching-
many said they were impressed to get more involved around the time of the feb 13,2018 pr announcing oil in the drilling mud-just 6 days from Mt Sinabung's explosive event,which mark taylor reported would be a sign of energy independence to both israel and the usa-
we see the energy independence forming for the usa,we see gas independence forming for israel -and now we need oil independence for israel,which is zn's goal
and we see increased interest in oil onshore israel from other oil and gas companies in north israel
if we could beg tothe to post here again after he was told he couldnt post live stock chart links
i'm not a chart guy but fridays usually favor sellers- with fewer buyers-buyers are longs more than sellers are longs
buyers slow down on fridays absent news bc they actually work for a living and will sometimes reserve funds or even sell some for funds for weekend activities or vacations to warmer climes after winter-when is spring break?
in the incredible impatience of the market others will sell fridays hoping to place funds elsewhere hoping there will be upward pps affecting news over the weekend elsewhere
in penny stocks buyers(absent news) dont control pps- flippers, day traders,shorts and other mutants do
so absent news its typical on average for pps to drop on fridays
sometimes zn trades similar to other oil stocks and sometimes not-1 or more days this last week or so zn outperformed other oil stocks and -havent checked other oil stocks today- when that happens there is a reckoning to even things out sometimes
short term-absent evidence of a large buyer like we had mar 12 pps gyrations dont mean much
from 2hr 20 min to 2hr 30 min after opening friday,when day traders are usually getting out of the market(selling) for the day,pps plunged 3c to .75c on an rsi of 24(very low)
and there wasnt enough volume the rest of the day to affect pps much, so closed at basically the same price -75c,with aid of another 30 rsi (usually the bottom of a trading range),with most of the rest of late trading near 50 rsi(average -neither rising or falling pps)
the mar 12 sudden rise to 1.20 pps ,absent further news,created a downward gradient where day traders flippers shorters etc did their thing so far-but there could be surprises in store for them
i already posted my thoughts-somebody bought large blocks of stock in a short time mar 12 after the 10k w 8.6 m volume that day
usually that means somebody has foreknowledge of good news but nothing specific has revealed itself yet
somebody staying under the 5% stock position radar(5% of stock of ca 70.8M shares as of mar 3rd would be ca 3,540,000 shares) which would require him to notify the sec of his stock position
could reflect an upcoming minority partnership or interest-btw,last i saw zn mgmt had just under 3% of the stock
or somebody who saw givot and delek news etc and saw the increased potential to zn's concession
or something we cant put our finger on
pps began rising upon Mar 5 news re extension of license-the extension was no surprise to longs here or anybody who does their dd
then as is normal after a rise due to news pps began to fall again before 10k
then when 10k came out mar 12 out pps rose considerably more
on mar 12 pps rapidly went from .90 to 1.20 during a small portion of the trading day on big block buying that took out sell orders-the opposite of mm games to take out stop loss orders
8.6mil traded mar 12-then volume rapidly dried to 4.5 mil next day i believe and 1.2 mil? next day?-which would naturally, due to market forces/games, result in a pps fall
some big buyer or buyers may have seen something in the 10k to spur them into action-
as jryan and i discussed we dont what bc nothing in the 10k was a surprise to us
[in fact from my perspective the raise raised considerably less than zn was hoping for-at a bad time for fundraising]
but as jryan stated,the mar 12 activity etc may indicate something good that we cant put our finger on yet- it may very well be indicative of insider trading by big boys based on info we dont have yet-that would be my guess=this often occurs in the market -sometimes it feels like the whole market runs on insider trading
i have never flipped zn but i considered selling a portion of my position at 1.10 to 1.20 and re-buying at a lower pps but i was told not to -dont know why-so i did not-
could be for reasons beyond pps considerations or it could be bc something good is coming -and once it does it may take ppl by surprise and for ppl like me who seldom have time to watch the ticker live during a trading session, result in the loss of value if i sold part of my position -bc u never know when another sudden rise may occur -and such a rise -depending on the news -could last for months
so the big buying could have been precipitated by something that the big buyer(s) already knew-insider knowledge is a good possibility bc there was nothing in the 10k to explain the rapid pps rise
so insider knowledge of something good coming by big buyers could be just a coincidence as to timing or it could be a planned occurrence -timed to coincide with the 10k to give such big buyers plausible deniability[re insider trading, as in, "oh mr sec, i didn't buy bc of insider knowledge; i bought bc of the 10k" type of thing]
i have no insider knowledge but logic supports the above
https://www.otcmarkets.com/stock/ZN/overview
that big buying mar 12 -8.6 million shares traded that day- sent pps to 1.20 before falling to ca .90
that is a normal pattern when there is big buying-day traders and flippers etc doing their thing
once news and big buying is over it's normal for pps to fall again-as it was already doing BEFORE john browns new missive
so who did such missive affect -only those who singed up for zn mail or who drilled zn's website[navigating zn/'s website is NOT intuitive to me and even finding jb's archive of missives is not easy -let alone the last one -which i didnt see on the web site that day]
but anybody who visits the website is immediately hit w zn's picture w a superscription detailing zn's purpose to bless israel based on verses.
big boys do a lot of dd-more than most retail can imagine-almost all if not all zn PR's contain verses
so anybody who has done their dd on zn should not be surprised by jb's latest missive-they know its a xtian co in israel based on verses-so no surprise to anybody-so that should not have negatively had much effect on pps.
the very name zion imparts the companies purpose- a natural consequence of laws which require companies to name their business as per their purpose
when zn rose above a dollar shorts also shorted more stock-AS IS USUAL\
https://shortvolume.com/
pps had already fallen quite a bit by the time of jb's missive and given all the above i dont see that jb's missive should have much effect on pps-in fact he obviously intended the opposite but no person can control the short term patterns of trading.
naturally those of a different philosophy may not like the subject matter of jbs blog but it is nothing that should be surprising to investors,especially anybody who does their dd,as big boys do.
it does show an iron determination of some 30 years - 1/2 of which were knowledge and contact building before incorporating zn- things generally considered a positive.
there is no evidence that the oil zn encountered was kerogen or from oil shale-that is an imaginary story line
the company did clearly say at least once it was light sweet product
zn's well is not anywhere near the oil shale deposits shown on this map -which has been posted many times and is in the ibox
">" />
thanks yourself for keeping the lighthouse maintained during this long winter.
when anyone thanks me for 'a good job'i always feel like saying accidents happen, but then i'd have to immediately bind accidents from happening, so i wont say it.
its my theory that the market ultimately has to respond to the facts long term-otherwise whats the point.
So i hope zn is able to show the market impressive facts sooner rather than later,as in a large oil field.
The humor is to leave the best for last,and after 19 years of zn searching plus additional years of jb's searching and learning! before zn was formed,its about time zn earns some humor.
thanks for your impressive dd-are you on vacation?
your post provides some perpsective on various drilling platforms,including f400-though, i think zn had a different variation of a '400' drill, since drill zn was using is rated to 23000 feet, as you noted earlier.
https://dafora.ro/drilling-fleet/
but in that one article re zn's well i presume that is a pic of the rig used to drill zn's well
sorry when posted does not preserve the map places elad and beit shean-
so input those 2 towns into the fields and you will see the relationship -remember meged flows e and n of elad and mj1 is 5-6 miles s of beit shean,bringing those 2 points within-would have to do more calculating and research- maybe 20 miles-and fields sw of zn could extend into zn's concession west of mj1
no guarantee but promising signs of other undiscovered oil fields nearby,which is a reason delek is buying into 2 n israel leases near haifa- proceeding east -again towards zn's concession
http://en.netzah.org/rasstoyanie.php
to further explain so even a child can understand,
the big meged oil field that caused ATEV to invest 50M in givot starts east of- proceeding east and apparently north of elad in the direction of zn's concession
and zn's well mj1 is ca 5-6 miles south of beit shean(42.78 crow miles-and btw most big birds can fly more than 40 miles per day-most can cruise at 25-35 mph for many hours in migration)
so that gives an idea of how close the spoken of meged field could come to zn's concession-and the meged fields ultimate size probably has not been mapped
no-zn would not have to depend on extension of such field into zn concession but oil fields in syria, offshore and saudi arabia etc and many places tend to congregate-as in more than one field -as is the case w the meged field proceeding e and n of elad
this article has been posted many many times- so no reason to ignore the articles stated reason for the 50M investment by ATEV in givot -article says bc estimated 20-50m barrel recoverable apparently discovered in ca feb in a field proceeding east from elad-
which itself is under 40 miles from ZN's MJ1 well,as per many posts i posted
e.g.,
microcaps1 Tuesday, 03/12/19 11:53:34 AM
Re: axle777 post# 31118 0
Post # of 31383
it could - 50k km sq is 78 square miles-e,g, the avg american city of 250k ppl is 50 sq miles
so 30 miles long by 2.6 miles wide-the shape of some oil fields would come mighty close to mj1
and very well could flow into zn's huge 99000 acre concession west of mj1
of course they dont know the full extent of the oil field-
microcaps1 Monday, 03/11/19 01:43:43 PM
Re: None 0
Post # of 31383
http://beit-shean-en.netzah.org/
zn's well is more than a few miles south of beit shean,which is 49 mim from tel aviv
mj1 is ca 5 mi S of beit shean and the new meged field starts 16 mi e of tel aviv-proceeding east and probably north as all currently known fields in that area proceed n and s,as noted by a map jryan?posted some time ago
http://en.netzah.org/rasstoyanie.php,and thus distance between farthermost point of new meged oilfield from mj1 is under 40 miles
and the n and e portion of such meged field would be even closer to
mj1 and zn's concession
evidence of these oil fields close by zn's concession plus offshore fields plus palymira oil strata from syria thru zn's concession puts zn's concession at the bullseye triangulation
point of those surrounding series of fields
delek bought into 2 licenses in n israel to w of zn's concession
none of this guarantees a big field to zn but it is promising and debunks the false cry of there is no oil in israel,especially north israel
https://www.haaretz.com/israel-news/business/israeli-oil-explorer-recruits-mysterious-investor-group-to-revive-its-fortunes-1.6912052
I have pointed this out many times-the alternative listing standard that if met gives companies additional 180 days-and have posted the same from nasdaq rules before
"Item 3.01 Notice of Failure to Satisfy a Continued Listing Rule.
On January 8, 2019, Zion Oil & Gas, Inc. (“Zion” or “Company”) received a letter from the Listing Qualifications Department staff (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the last 30 consecutive trading days prior to the date of the letter, the closing bid price for the Company’s common stock was below the $1.00 per share minimum required for continued listing on the Nasdaq Global Market as set forth in Nasdaq Listing Rule 5450(a)(1). The letter from Nasdaq has no immediate effect on the listing of the Company’s common stock on the Nasdaq Global Market or on the trading of the Company’s common stock.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until July 8, 2019, to regain compliance with the minimum bid price rule. If at any time during this 180-day period the closing bid price of the Company’s common stock is at least $1 for a minimum of 10 consecutive business days (unless the Staff exercises its discretion to extend such 10-day period) , the Staff will provide the Company with written confirmation of compliance with the minimum bid price rule and the matter will be closed.
If the Company does not regain compliance by July 8, 2019, the Company may transfer from the Nasdaq Global Market to the Nasdaq Capital Market and may be eligible for an additional compliance period of 180 calendar days. To qualify for the additional compliance period, the Company would have to meet the continued listing requirement for market value of publicly held shares and all other requirements for initial listing on the Nasdaq Capital Market (except for the bid price requirement), and provide written notice to Nasdaq of its intention to cure the bid price deficiency during the additional 180-day compliance period, by effecting a reverse stock split, if necessary.
The Company intends to monitor the closing bid price of the Company’s common stock and consider its available options if the closing bid price of the Company’s common stock remains below $1.00 per share. "
thanks,that makes sense-- i knew the parent co of the subsidiary zn leased the drill rig from was in bankruptcy,that dustin was ceo of viking services in 2015 ,but neither viking nor its sub was in bankruptcy to my knowledge- thus the quandary -guess i should have reread all the pr's-didnt realiaze they had changed course w the rig as the pr i posted sounded final
so, as you say:
"Zion is contracting with world class service providers such has Halliburton, Baker Hughes, Weatherford and highlighted by DAFORA's F-400 drilling rig. The rig has a 3,000 HP capacity drawworks capable of drilling to over 7,000 meters (~23,000 feet). This provides more than sufficient horsepower and safety factor to drill our planned well with a target depth of up to 4,500 meters (~15,000 feet)."
still dont know if rig is on site -didnt see any mention of movement of rig in 10k-and put it out there for others to do a 10k scavenger hunt for the rig-no takers i dont think
good to know it can drill to over 7000 meters-23000 feet
dont know if dafora's sub(unless dafora is the sub) is still in bankruptcy in europe or what kind of bankruptcy-dont like to take advantage but if dafora or sub is closing out may be able to obtain the rig for a good price
https://www.zionoil.com/updates/press-release-zion-oil-gas-initiates-drilling-contract-negotiations-viking-services/
if this is the rig they used thats another reason they didnt drill deeper-the rig had a ca 16400 feet deep capacity and they drilled 16600 feet
but is this the rig zn used? didnt filings say rig sourced from romania and a romanian crew -this one was transported from hungary
dustin was ceo of Viking Services then
couldnt find the depth to which 3d mapping works -imagine it depends on the geology encountered
from the article:
"Dr. Harold Vinegar: Our company has mapped over 250 billion barrels of recoverable oil in Israel and that’s a conservative estimate. To put that in perspective, Saudi Arabia has about 250 billion barrels of conventional oil reserves in the ground."
within 10 days, as per the 1st cite below
if an entity otherwise is not required to report stock ownership to the sec ,once they pass the 5% threshold they have to report either a simplified schedule 13g or a full schedule form 13g
so yes they can run under the radar for various reasons until they own 5%
warren buffet does this himself- buy up to but under 5% until he is ready to be identified as an owner of such a companies securities
,in his case secrecy until 5% can be because his 5% reporting will trigger some other fund managers to buy and thus possibly significantly increase pps,which would then make it harder for warren to buy more -once the cat is out of the bag
also, if somebody wants a seat on the board or eventually plans on a partnership bid or other types of events,he may not want his interest to be immediately known while he strategizes or acquires other partners or bidders etc--i have no knowledge these things are transpiring re ZN - but these are examples of things which can occur
https://www.investmentfundlawblog.com/resources/investments-by-funds/acquiring-5-publicly-traded-company/
https://www.lexology.com/library/detail.aspx?g=41a16a1b-a159-409c-98ad-39051b7f4753
it is not a minimum of 3 years before zn can drill again-the 3d process is expected to last ca one year and we have been into that process for awhile
drilling would depend on 3d results-whether a jackpot was discovered while 3d survey was ongoing or whether the full 3? months of interpretation upon finishing the mapping-so they could drill as early as one year or earlier-by which time the interpretation is expected to be finished
and possibly even earlier if zn received additional investment,whether thru a partner or otherwise,and other info useful to drilling,similar to the rush of info recently re investment by other co's in north israel onshore licenses etc
just as givot received 50 million investment based on the meged field-especially the new field proceeding east and probably n from elad,one or more of these are less than 40 crow miles from zn's concession,if not zn's mj1 well,as previously researched and mapped
and thus givot is expected to be working in 4 wells at once,even though one or more of their wells was as expensive as mj1
companies dont need new s1 or s3 filing every time- i've seen at least 5 fundraises in companies under auspices of the same registration statement-last zn raise was under auspices of a 2017 filing
https://www.otcmarkets.com/filing/html?id=13098859&guid=EpA3UnmJNkI2Cbh
if zn can meet alternative nasdaq market standards by 180 days(july)then zn has another 180 days to get min pps to 1 dollar- which would be ca jan 2020 and thus would not be required to r/s til then-
and that is usually a court of last resort as we've noted many times- first co's like zn execute work to bring pps to min by showing value thru operational or fundraising etc activites
re the haaretz article written from an extreme viewpoint-look up wikipedia re haaretz-
as maps we have posted many times (and is in the ibox), very little of zn concession if any is marked as shale
it makes far less sense to oppose fracking in israel than the usa bc in the usa drinking water quality is a concern -whereas in israel drinking water comes mostly from desalination plants and upstream from the golan plus the golan and fracking was not seen as a concern in the golan, as per the study noted in the article
re drilling deeper,
"The MJ #1 well has been drilled to a total depth (“TD”) of 5,060 meters (approximately 16,600 feet)"3q 10q
remember what Dustin- the now ceo- said at the june 5,2018 stockholder meeting re a number of issues they had in drilling-including casing earlier than expected and thus smaller diameter below that elevation plus a 15-20 degree curve in the pipe at a certain elevation
and other things such that drilling at the bottom was something like twisting a wet noodle and torque was greatly exceeding standards
so they probably could not go deeper at that time-but still reached their goal of the mohilla triassic,based on other oil wells
since the oil they did find-but not in commercial quantities-was in or near the bottom,it makes one wonder if the oil is deeper,in addition to other questions already addressed and to be answered by the 3d mapping-e.g.,whether fault lines displaced the strata at various depths
the area certainly seems to be in an area of a number of fault lines
you are probably familiar with the expression, 'deep speaks to deep',and the best is saved for last
the oil find awaits a kairos appointed time,so its not likely to be shallow, for then it could have been discovered before the appointed time
it would also be the typical sense of humor to hide it deep,because deep does speak to deep and only those who dig deep(so bad that its hurts-its not designed to be easy or anybody could do it) find what they are looking for
if so,its probably deeper than the 13000 ft plus meged oil wells
how deep are the offshore leviathon and tamar wells below sea level?
and triangulate w a broad line from leviathon etc eastward-would that be too simple?-adjusting from fault lines
all those lines run through zn's concession
mj1 is lower in elevation than beit shean- which is ca 5 miles n of mj1
http://elevation.maplogs.com/poi/beit_she_an_israel.276679.html
one or more -i think it was afek/genie wells- was at eastern end of golan at lower height than most of golan but other oil wells drilling on golan heights would be at a much higher elevation
https://geographical.co.uk/geopolitics/hotspot/item/2787-hotspot-golan-heights
so in general the golan heights possessed by israel is ca 1500 ft higher in elevation than zn's well mj1
mt hermon of course to the north is over 9000 ft above sea level
"With that it seems to me that the oil veins or hydrocarbon deposits on each plate would be located at different drill depths, rather than similar depths across the rift."
i think zn is considering that as a major question to answer:
from p.4 of the 3-12-19 10k, zn is wondering if fault lines in the area-such as from reasons you suggest- have an impact- e.g., that at the triassic etc levels a fault line could have moved the reservour a mile or miles in another direction laterally-if so they are no doubt hoping they can use the same drill pad to drill partially horizontally to meet the trapped oil- one can drill 5 miles horizontally now
from the 10k:
"A summary of what Zion believes to be some key questions left to be answered are:
1.Is the missing shallow Senonian age source rock a result of regional erosion, or is it missing because of a fault that cut the well-bore and could be reasonably expected to be encountered in the vicinity of the MJ#1 drill site? Zion believes this is an important question to answer because if the Senonian source rocks do exist in this area, the high temperatures encountered are sufficient to mature these source rocks and generate oil.
2.Do the unusually high shallow subsurface temperatures extend regionally beyond the MJ#1 well, which could allow for the generation of hydrocarbons in the Senonian age source rock within our license area?
3.As a consequence of seismic remapping, where does the MJ#1 well lie relative to the potential traps at the Jurassic and Triassic levels and was the well location too low on the structures and deeper than the potential hydrocarbons within those traps?
As a result of these unanswered questions and with the information gained drilling the MJ#1 well, Zion now believes it is prudent and consistent with good industry practice to try and answer some of these questions with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."[end of 10k quote]
from your post;"I've often wondered if west of the Jordan on the African Rift Plate one might have to drill deeper, say 21,000 - 22,000 feet.
Your Thoughts? "
from p.4 of the 10k:
4. MJ#1 encountered oil in the Triassic Mohilla formation which Zion believes suggests an active deep petroleum system is in Zion’s license area. There was no natural permeability or porosity in the Triassic Mohilla formation to allow formation fluid to reach the surface naturally during testing and thus the MJ#1 was not producible or commercial.
5. The depths and thickness of the formations we encountered varied greatly from pre-drill estimates. This required the MJ#1 to be drilled to a much greater depth than previously expected. Zion has tied these revised formation depths to seismic data which will allow for more accurate interpretation and mapping in the future.: [end of 10k quote]
so if a fault line didnt disperse an oil trap laterally,they might have to go deeper-they suspected oil might be found in the mohilla triassic due to wells on the golan and the oil they did find in noncommercial quantities was generally in the bottom 400 ft of the well-see e.g.,the feb 13 2018 PR
remember the meged oil wells encountered oil beneath 4000 meters of i believe limestone and i think givot is planning on drilling either such meged existing wells[if that can be done-i'm not an oil well expert] deeper or new meged field wells deeper
yes i know -but since jryan had posted a version of this map several times and we have pinpointed the mj1 well and current zn megiddo license-which does extend to the jordan- from many google maps etc,i thought ppl knew the map did not represent zn's current concession location
as in this google map
microcaps1 Wednesday, 03/13/19 03:58:03 PM
Re: dby03 post# 31164 0
Post # of 31312
using the google map
https://www.google.com/maps/place/%D7%A7%D7%A6%D7%A8%D7%99%D7%9F%E2%80%AD/@32.4377346,35.4985578,9843m/data=!3m1!1e3!4m5!3m4!1s0x151c1d9916d01bdf:0x90d62c7747edc8d2!8m2!3d32.990998!4d35.689865?hl=en
mj1 at closest point is only ca 2.3 mi from west bank to their south-
zn's planned 50 sq km 3D- if executed in a perfect circle -would be 2.48 mi radius
i.e.,to west bank to Sdei Trumot to Ein HaNativ to near Kfar Ruppin to Jordan River
but probably wont use perfect circle
i had seen a couple days ago a graphic on deleks buyin of 70%? of 2 northern israel onshore oil licenses-on the west side of onshore israel but cant find it now-delek has several entities on the otc-grey market and pink current- where i was,among other places looking days ago
the ff shows deleks holdings including a 5% buyin of the hatrium license near the dead sea-showing oil companies are paying money to buyin even a small % of some onshore licenses,as well as offshore
the geopolitical situation- saudis, egypt and jordan telling other arab contries to make peace w israel partly bc they view iran as the real threat,no doubt has contributed to the surge of interest in oil and gas in israel
http://www.oilandgas.co.il/englishsite/assetsmap/map.aspx
some impressive research lately bubba
i was editor of a paper once but journalism, like so many things, has nosedived into almost solely one world order biased political commentary rather than news reporting- and the number one rule of secular journalism now is, 'if it bleeds it leads'
anyway, re your last thought- holey smokes indeed- i'm grateful there are so many longs here who know more about oil than i-makes it easier-there are subjects where if i dont know the answer nobody else does either and thats frustrating-especially in subjects where you have to wait many decades[still waiting] for even the tiny subspecies of h sapiens sapiens we belong to grow up enough to hear and listen
this is the palmyra rift system map in syria jryan has posted several times and now you- shows the geo strata continuing from syria all the way to tel aviv and jerusalem[zion]
i guess the geology didnt get the memo that the strata ends in syria
">" />
https://en.wikipedia.org/wiki/Meged_oil_field
the ff is from the haaretz cite[posted here several times before-1st by axle i believe] below re the meged field
“The conservative estimates are that they will be able to extract 20 million to 50 million barrels of oil, which is a lot,” he said. Comparing Meged to Israel’s biggest find to date, he said: “In the Heletz field, for the sake of comparison, they pumped 18 million barrels over 50 years.”
But he said the area was very difficult to drill due to a very thick 4,000-meter (13,123-foot) stratum of limestone, and faults lying above the oil. He estimated that drilling would cost as much as $30 million per well."
i thought i saw another article re the depths of the various givot meged oil wells but cant immediately remember where
https://www.haaretz.com/israel-news/business/israeli-oil-explorer-recruits-mysterious-investor-group-to-revive-its-fortunes-1.6912052
i saw a map of the northern israeli delek buyin of leases days ago -but such may have to wait for another post
1)jryan has several times or more posted a map of a line of syrian oil wells in a line that would bisect zn's lease
2)derek oil is buying a portion of 2 onshore land leases in n israel-apparently partially based on large leviathon etc gas finds in offshore northern israel-so derek feels some continuity to northern land of israel
[i had no knowledge of derek before jryans posting and derek drilling was grey market but derek group is on a major exchange as a large company]
3)givot announces 20-50 million barrel oil fields extending east from border w west bank[16 miles east of tel aviv]
4)all of the oil fields posted on a recent map in that area proceed n and s -so givots oilfield probably extends NE from Elad in the direction of zn's concession-w mj1 being less than 40 crow miles from Elad -
based on configurations of oilfields east of tel aviv -narrow and very long [like many other oil fields also including ghawar] 20-50 mmb could be 50000 sq kilometers as per dd by axle-and thus a 2.6 mile wide by 30 mile long configuration very well could be the givot field -if so it may enter zn's concession at southern border of zn's concession west of mj1
5)it would be interesting to plot where these 3 linear oil strata groups coincide in zn's concession-i wonder if zn will weight its 3d in the direction of such intersection,given the new info
so far i've looked at least 3 oil companies today-they all fell 8% today- i looked at one extensively besides zn[where ceo bought stock 8% higher than pps today]
-and could not see any logical reason for pps fall in any of the companies -it was just an across the board pps fall for the dow today-which means very little longterm, especially as much of the news causing the fall was manufactured
the dow was down 460 points today
as per an article i saw based on slowing economies- the only reason-plus see below- i see for the pps fall today-its occurring across the board
usa economy still expanding but at 3.1% not ca 3.3% and usa manufacturing expanding w 52.5 reading -but not expected 53-that could be due to the arctic freeze much of the nation experienced in feb and early march-whatever-big stock traders are some of the worst floozies- overreaction is the name of the game
at the same time the press took a fed officer comment re interest rate would rise if there was DRAMATIC inflation-with the press eliminating the context and the word 'dramatic'-
as if the sensationist press wanted to crash pps today-w press comment re inflation insane and contrary to the news of expansion slowing(was slowing BECAUSE of fed interest rate increases-especially in december)
gives an idea of how news is manipulated to satisfy ulterior purposes-and fed itself has signaled no more interest rate increases this year from articles i've seen
https://www.marketwatch.com/investing/index/djia
1 of the big unknowns is how investors will react to news - i usually find -especially in penny stocks -which zn is[below 5 dollars/share] that investors are usually unable to properly evaluate news- and that doesnt necessarily exclude big boys-after all, in kindergarten they had trouble counting to 10 and it took them 3 years to learn, 'see spot run'
so, short term misunderstandings or evaluations and manipualtions and fraud outweigh logic,
so all i can say is if logic is followed the recent events of oil companies interest and finds in northern israel should be positive for zn,perhaps significantly so
i agree that ZIONS well(and concession),being in the pre-1967 borders - helps insulate ZN's well/efforts etc from mischief
thanks for the map and all of the other info-which i did see-good to see you posting again-
re usa recognition of golan heights as sovereign israeli territory any recognition that rises to the level of a treaty will require the consent of the senate-and both major usa parties should support that,for different reasons
https://www.cfr.org/backgrounder/us-foreign-policy-powers-congress-and-president
https://www.cnn.com/2019/03/21/politics/trump-golan-heights-tweet/index.html
i'm guessing that delek, which claims a substantial part in either the discovery or development of the huge israeli off shore leviathon gas field - is betting-in acquiring a portion of 2 onshore licenses-that whatever strata is involved in the offshore fields may continue over to onshore israel- is that your take
delek- givot- etc? does Trumps announcement that the usa will recognize israeli sovereignty over the golan play into the sudden announcements of those things(with oil companies having possible advanced understanding of these things) - or is the timing just a coincidence
seems unlikely its just a coincidence but ZN is my only oil play
https://ir.delek-group.com/delek-group-at-a-glance=odd they are a grey market stock in the usa
if an entity otherwise is not required to report stock ownership to the sec ,once they pass the 5% threshold they have to report either a simplified schedule 13g or a full schedule form 13g
so yes they can run under the radar for various reasons until they own 5%
warren buffet does this himself- buy up to but under 5% until he is ready to be identified as an owner of such a companies securities
,in his case secrecy until 5% can be because his 5% reporting will trigger some other fund managers to buy and thus possibly significantly increase pps,which would then make it harder for warren to buy more -once the cat is out of the bag
also, if somebody wants a seat on the board or eventually plans on a partnership bid or other types of events,he may not want his interest to be immediately known while he strategizes or acquires other partners or bidders etc--i have no knowledge these things are transpiring re ZN - but these are examples of things which can occur
https://www.investmentfundlawblog.com/resources/investments-by-funds/acquiring-5-publicly-traded-company/
https://www.lexology.com/library/detail.aspx?g=41a16a1b-a159-409c-98ad-39051b7f4753
to clarify-the 10k was issued mar 8, after which pps took a sharper upward turn,
but it was on mar 12 when big buying quickly ran pps from .90 to 1.20,an 8.6 million share day,
of which 3 million plus- below the sec reporting limit of 5% of ZN shares[ca 3.54 million shares out of ca 70.8 million then]ran in a relatively short period of time
i've seen a lot of teasers but dont know what his peace plan is yet
but as we mulled before we wonder what Sen Grahams photo op on the Golan Heights w Bibi etc was about -especially preceding the unveiling of the plan
if the usa advocates making the golan sovereign israeli territory,as Senator Graham(who is a close presidential advisor) seemed to be suggesting, especially in return for some other quid pro quo,that may contribute to stability in that neck of the woods 30 miles N of MJ1 and thus have some positive indirect effect on pps,
especially as ZN's concession comes within a few miles? of the golan-can somebody do the math/research on that?
syria seemed to use the golan only for shelling israel- and without the usa, russia and turkey all fighting isis(or was turkey fighting isis?)syria would be controlled by isis etc
so there does not seem any rationale for returning golan to syria-how come in the history of the world only the usa and israel are asked to return lands won in war??? as if they lost said wars-many of know why
back then when syria had the golan the range of howitzers was only 16 miles or less -russia and thus syria could have howitzers with a range of 70 miles now(another reason for israel to annex the golan)
-something the usa is now trying to replicate,and israel right now could reach damascus with 45 mile howitzers(which acts as a brake on syrian intentions)-so an agreement on the golan could limit the reach of israeli golan howitzers so they cant reach damascus
saudis and jordan and egypt,the latter two partly due to israeli leviathon gas to said countries, have taken the position that the iran problem is more dangerous/important than the palestinian problem,and that other arab countries should make peace w israel
that potentially has a positive impact on pps by reducing conflict and by reducing or eliminating the geopolitical stigma of usa oil companies working in israel,
and since ZN has such a large 99000 acre concession, that could be an impetus to oil companies interest in a partnership with or investment in ZN
the recent pps gyrations since mar 5 could be partially a result of these things-if a company etc wants to partner with ZN- but knows ZN is not yet open to such- they might start by buying shares under the radar- below the 5% sec reporting limit-which somebody possibly did after the 10k on mar 12
to allay any misunderstanding,the 3d wont be completed by April 30 -just the agreement with a contractor to execute the survey
just another reminder of the next operational event-following p F43 of the 3-12-19 10k
from exhibit 10.6:
"Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform [such survey by]30 April 2019 "
from p F-9 to F10 of the 3-12-19 10k ,I predict the 3d mapping will help answer questions 1 to 3 below(nothing like going out on a limb,eh?)
from the 10k:
"While not meant to be an exhaustive list, a summary of what Zion believes to be key information learned in the MJ#1 well is as follows:
1. The MJ#1 encountered much higher subsurface temperatures at a depth shallower than expected before drilling the well. In our opinion, this is significant because reaching a minimum temperature threshold is necessary for the generation of hydrocarbons from an organic-rich source rock.
2. The known organic rich (potentially hydrocarbon bearing) Senonian age source rocks that are typically present in this part of Israel were not encountered as expected. Zion expected these source rocks to be encountered at approximately 1,000 meters in the MJ#1 well.
3. MJ#1 had natural fractures, permeability (the ability of fluid to move through the rock) and porosity (pore space in rock) that allowed the sustained flow of formation fluid in the shallower Jurassic and lower Cretaceous age formations between approximately 1,200 and 1,800 meters. While no hydrocarbons were encountered, Zion believes this fact is nonetheless significant because it provides important information about possible reservoir pressures and the ability of fluids to move within the formation and to the surface.
4. MJ#1 encountered oil in the Triassic Mohilla formation which Zion believes suggests an active deep petroleum system is in Zion’s license area. There was no natural permeability or porosity in the Triassic Mohilla formation to allow formation fluid to reach the surface naturally during testing and thus the MJ#1 was not producible or commercial.
F- 9 Zion Oil & Gas, Inc.
Notes to financial statements
Note 1 - Nature of Operations and Going Concern (cont’d)
5. The depths and thickness of the formations we encountered varied greatly from pre-drill estimates. This required the MJ#1 to be drilled to a much greater depth than previously expected. Zion has tied these revised formation depths to seismic data which will allow for more accurate interpretation and mapping in the future.
A summary of what Zion believes to be some key questions left to be answered are:
1. Is the missing shallow Senonian age source rock a result of regional erosion, or is it missing because of a fault that cut the well-bore and could be reasonably expected to be encountered in the vicinity of the MJ#1 drill site? Zion believes this is an important question to answer because if the Senonian source rocks do exist in this area, the high temperatures encountered are sufficient to mature these source rocks and generate oil.
2. Do the unusually high shallow subsurface temperatures extend regionally beyond the MJ#1 well, which could allow for the generation of hydrocarbons in the Senonian age source rock within our license area?
3. As a consequence of seismic remapping, where does the MJ#1 well lie relative to the potential traps at the Jurassic and Triassic levels and was the well location too low on the structures and deeper than the potential hydrocarbons within those traps?
As a result of these unanswered questions and with the information gained drilling the MJ#1 well, Zion now believes it is prudent and consistent with good industry practice to try and answer some of these questions with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well. "
I agree,though such partnerships are not easy to form,as everybody wants an inordinately large piece of the pie,even in the nonprofit world-politics!
it would be nice to have an infusion of investment,whether in the form of such a partnership or not,in order to speed up the search
think I read that Givot will be working on 4 Meged wells at once with the aid of the 50 million investment from atev
but I don't know that ZN has had a partnership or other investment offer-if ZN did have such an offer,I believe ZN would be legally required to report it
Yes, you have consistently been a supporter of Zion Oil and I have appreciated your posts immensely-immensely.
My take on JB's latest blog was not in particular to you but in response to suggestions that his blog hurt pps.
This was not the first of jb's blogs but the first to my knowledge to cause one or more claim it hurt pps -so I presented the recent history of pps as an antidote to that claim, and the workings of the market.
After a a particularly large singular pps rise,market forces aided by flippers and shorters and day traders work to bring that pps down- thats normal market forces and has very little to do with company performance.
Anybody who does the simplest dd on Zion knows Zion's purpose-the very name itself-a particular books name for Jerusalem and the zionist cry of "Next year in Jerusalem", knows the purpose of the company.
And especially if ppl have read any of ZN's PR's or seen the video of the June 5, 2018 shareholder meeting,nothing in jb's latest blog should surprise them.
And of course no word would violate fiduciary duty,for fiduciary duty is a responsibility we are expected to keep.
but I don't see how jb's blog violated fiduciary duty.
jb's express purpose was:
"This update is entirely for your edification ONLY (1 Cor. 14:3). None of us like to wait. Personally, I have waited 38 years..."[emphasis added].
so I surmised Zn was continuing to stay the course-as seen by its recent 10k and PR's- and proceed to search for oil via the scientific methods they have been using,aided by ZN's very purpose.
There is always a tension between a company and its longs that over time wears on a companies patience[and longs patience also],resulting from longs essentially insatiable appetite for more information and quick results.
ZN has met all of its reporting obligations,including the extensive 10k just filed very early Mar 12(not due til Mar 31). Those 10k's must make those who compile them feel like they are giving birth.
ZN's previous very open IR department of necessity has to be more reticent now-a frustration to some- that so many eyes are watching them- revealing any point of material info would require a PR within 24 hours. So as far as providing more info Zn is caught between a rock and a hard place.
Also there is some impatience that neither the science nor the fai-- has yet produced the desired results.
As if to blame the company[the easiest and most obvious actor to blame-occurs with every company on these boards-but blaming the company for profit seeking/stealing market forces is witc.....- very few recognize that] for its past approach.
But consider, in a lawsuit a lawyer gets paid even if he loses for his client. And remodelers etc get paid even if they dont produce the desired results- and so on.
jb's blog did not address nor predict any specific actions of the company.
Everything we do in the natural or its opposite has a reaction in the opposite,a corollary to a very basic scientific law,so I was hoping to remind ppl of that so they are not cursing their own investment,but have the patience that tests us and performs a work in us.
Blessings to you buddy-No hard feelings here-I wish the best for you. In case jb posted a blog I didnt see -I almost felt he had for I was surprised by some of the reactions to his blog-other than the Mar 14 blog -let me know.
pps began rising upon Mar 5 news re extension of license-the extension was no surprise to longs here or anybody who does their dd
then as is normal after a rise due to news pps began to fall again before 10k
then when 10k came out mar 12 out pps rose considerably more
on mar 12 pps rapidly went from .90 to 1.20 during a small portion of the trading day on big block buying that took out sell orders-the opposite of mm games to take out stop loss orders
8.6mil traded mar 12-then volume rapidly dried to 4.5 mil next day i believe and 1.2 mil? next day?-which would naturally, due to market forces/games, result in a pps fall
some big buyer or buyers may have seen something in the 10k to spur them into action-
as jryan and i discussed we dont what bc nothing in the 10k was a surprise to us
[in fact from my perspective the raise raised considerably less than zn was hoping for-at a bad time for fundraising]
but as jryan stated,the mar 12 activity etc may indicate something good that we cant put our finger on yet- it may very well be indicative of insider trading by big boys based on info we dont have yet-that would be my guess=this often occurs in the market -sometimes it feels like the whole market runs on insider trading
i have never flipped zn but i considered selling a portion of my position at 1.10 to 1.20 and re-buying at a lower pps but i was told not to -dont know why-so i did not-
could be for reasons beyond pps considerations or it could be bc something good is coming -and once it does it may take ppl by surprise and for ppl like me who seldom have time to watch the ticker live during a trading session, result in the loss of value if i sold part of my position -bc u never know when another sudden rise may occur -and such a rise -depending on the news -could last for months
so the big buying could have been precipitated by something that the big buyer(s) already knew-insider knowledge is a good possibility bc there was nothing in the 10k to explain the rapid pps rise
so insider knowledge of something good coming by big buyers could be just a coincidence as to timing or it could be a planned occurrence -timed to coincide with the 10k to give such big buyers plausible deniability[re insider trading, as in, "oh mr sec, i didn't buy bc of insider knowledge; i bought bc of the 10k" type of thing]
i have no insider knowledge but logic supports the above
https://www.otcmarkets.com/stock/ZN/overview
that big buying mar 12 -8.6 million shares traded that day- sent pps to 1.20 before falling to ca .90
that is a normal pattern when there is big buying-day traders and flippers etc doing their thing
once news and big buying is over it's normal for pps to fall again-as it was already doing BEFORE john browns new missive
so who did such missive affect -only those who singed up for zn mail or who drilled zn's website[navigating zn/'s website is NOT intuitive to me and even finding jb's archive of missives is not easy -let alone the last one -which i didnt see on the web site that day]
but anybody who visits the website is immediately hit w zn's picture w a superscription detailing zn's purpose to bless israel based on verses.
big boys do a lot of dd-more than most retail can imagine-almost all if not all zn PR's contain verses
so anybody who has done their dd on zn should not be surprised by jb's latest missive-they know its a xtian co in israel based on verses-so no surprise to anybody-so that should not have negatively had much effect on pps.
the very name zion imparts the companies purpose- a natural consequence of laws which require companies to name their business as per their purpose
when zn rose above a dollar shorts also shorted more stock-AS IS USUAL\
https://shortvolume.com/
pps had already fallen quite a bit by the time of jb's missive and given all the above i dont see that jb's missive should have much effect on pps-in fact he obviously intended the opposite but no person can control the short term patterns of trading.
naturally those of a different philosophy may not like the subject matter of jbs blog but it is nothing that should be surprising to investors,especially anybody who does their dd,as big boys do.
it does show an iron determination of some 30 years - 1/2 of which were knowledge and contact building before incorporating zn- things generally considered a positive.
go for it -sounds good
outstanding brother-as per the article the chairman /founder of Givot came to Israel by way of Canada- which might have something to do with the Alberta corp's investment in Givot,besides Alberta having 98% of Canada's oil reserves if you include oil sands
https://en.wikipedia.org/wiki/Oil_reserves_in_Canada
in the usa Givot is just a pink current otc stock w practically no trading-just a few trades shown around the time of the announcement since presumably almost of its trading is on the tel aviv exchange
thanks to jryan for spearheading our knowledge of Givot and Afek
https://en.wikipedia.org/wiki/Meged_oil_field
TA would not hear til the form is done, rule 211? is followed,finra approves and there is at least one mm
as per the articles,its this co backing givot
http://a-tev.com/who-we-are/
somebody already posted the ff article-raise your hand if u want-i dont remember who
https://www.haaretz.com/israel-news/business/israeli-oil-explorer-recruits-mysterious-investor-group-to-revive-its-fortunes-1.6912052