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Great post, Prophecy!
Tisdal - That is funny and a real stretch of the imagination, but the author must feel otherwise. Regardless, testing of what was found deeper and further out in this tight hole in itself proves no scam exists. Best to all investors.
KILLA - good point. Thanks.
Lakota - Yes, the news was huge and I concur with your assessment.
As we move forward with our exploration efforts, we were delighted to learn that the consolidated derivative suit filed against Zion in Delaware has been dismissed," stated Zion's President, Bill Avery. "In addition, we filed a Form S-1 registration statement with the Securities and Exchange Commission ('SEC'), which was subsequently declared effective."
Lakota - yep. Agree.
BP - Today’s news was huge! Thank you to the INQD staff for an incredible job
Hope this helps. Facts matter. Have a great and safe weekend fellow investors. Enjoy this new ride after the incredible PR. 8K next. (Smile)
PR regarding estimated flow rate of 90-120 barrels per day with findings from MJ#01
https://www.zionoil.com/updates/zion-oil-gas-confirms-active-petroleum-system-in-megiddo-jezreel-1-well-in-israel/
WebSlinger - let me research or you can also, my friend.
J777S - Yes sir. (Smile)
FACTS MATTER
From MJ#01, Zion found the estimated flow rate of 90 to 120 barrels using third party petrophysical analysis, if my memory serves me correctly. They had light oil (the best) in the hole plus gas plus high heat. Albeit, it wasn’t enough volume for a commercial well. In my opinion, they grazed the commercial reservoir. But what do I know? With my reasoning, if they had hit the reservoir with MJ#01, they would have plenty of cash. Zion then performed 3D analysis research to see better below the surface, purchased a huge rig to go deeper and further using the same pad to launch from. Now, they are going to test what they have found with MJ#02. Mmmmmmm. I’m taking my initiative and connecting the known facts using my common sense and wisdom learned from DD with all the facts. This is my stance and my decision. Each of us investors have to arrive at our own decision. The very best to all investors in ZNOG.
No drama - Good observation. Let’s see how this plays out. Good point.
KyOil - great assessment from an oil guy! Thank you. Good to see you out here. It’s good to see someone with knowledge and facts in the oil business out here. I appreciate Moses, and others as well. If you get down to my geographical area, give me a call.
Mmmmm - I don’t remember that also, Whistleblower. Interesting point, if correct.
lishious - YAY!!!
lishious - I read your post and wholeheartedly agree with you. You are spot on, in my opinion. Thank you. I believe KyOil mentioned tight hole status also.
Rio - read this again. It’s a great post using due diligence and considering facts.
RioClaro - great post, Rio
DallasLFM - I noticed that also.
Tisdal - Agree
Freedom - Israel would never put up with a scam operation. Never ever. That is the way I see it, based on facts.
Tisdal - Yes - I hear you. To me, their silence is so unlike their history. I am an optimist, and knowing that they found light oil, albeit not commercial, with MJ#01….. mmmmmm. In my opinion, they know something big. Soon, we all know.
Monroe 1 - You are spot on. Your posts are truthful and backed by facts. Facts matter greatly.
Never discard the known proven physical facts discovered with MJ#01.
Reverend - I agree. A large find would be enticing to neighbors.
Monroe - I hear you. In my opinion - soon.
ZNOG 3rd quarterly coming ……soon.
My thought also, Lakota.
I agree with that.
Thanks a bunch for this info
J777S - In my opinion, yes. I agree with you
Mmmmm yes indeed
Mmmmmmmm
KyOil - agree
BP - agree