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Mj7777 - I agree with your assessment.
Thisstock - Thank you. All moving in a positive direction in this emerging market.
Cool - we shall soon see, friend. Best to all the investors.
Interesting facts regarding MJ#01 findings from a saved post:
Let's look at Zion's 7days of released information.
Believe it or not, this is where Zion investors get 100% of their information.
Things have changed rapidly over the last 7 days. Let's take a look.
Zion is currently under the microscope of the SEC, yet they are using terms in two consecutive SEC filings that we, the faithful investors in Zion $ZN, only dreamt of hearing when they spudded this WILDCAT MJ#1 well.
Zion Oil & Gas Confirms ACTIVE PETROLEUM SYSTEM in Megiddo-Jezreel #1 Well In Israel
Support Additional Testing Required to Evaluate RESERVOIR Potential
Due to the VERY HIGH WELL TEMPERATURES, these packers would only last, on average, approximately five days.
HIGH PRESSURES required better well control BOP.
Zion Oil & Gas, Inc. (“Zion” or “Company”) has appointed John T. Seery to its Board of Directors (“Board”) as an independent director, effective September 1, 2018.
Mr. Seery has over forty years’ experience in the project management and DESIGN OF OIL AND GAS FACILITIES. Projects have included refining, gas processing, compressor stations, terminals, production and construction facilities. His scope has ranged from feasibility and conceptual design and studies, including cost estimating, detail design, procurement, startup and project and construction management.
As for the SEC investigation:
The SEC has asserted no accusation of wrongdoing nor have they expressed any negative opinion of any person within Zion. Zion continues to fully cooperate with and work with the SEC in the provision of requested information.
Following Zion's disclosure of the SEC investigation, Zion became aware of a number of law firms who allege they are investigating Zion's compliance with federal securities laws and are soliciting clients. To our knowledge, only one lawsuit has been actually filed in federal district court, but to date, Zion has not been served with formal notice of litigation. We believe these claims are frivolous and without merit, and we will wage a vigorous defense.
Recent Question and Answer Session with Zion IR
These statements or announcements are all found in Zion's SEC filings from the last 7 days between August 15 - August 21 (except for the high pressure SEC filing which occurred last year when they had to find a better and more powerful well control capability (including BOP) due to High Pressure witnessed in the well)
In 7 days, everything has been turned on its head due to these very powerful statements made in their SEC filings. It appears that Zion does have an HPHT Well and all the challenges that come with it. Yet they remain confident that their independent 3rd party petrophysical analysis suggests the existence of hydrocarbons, and therefore, continue testing of the primary zones, and attempt to enable flow from the bottom of the well.
Looking forward to Zion reporting the progress of testing on the High Pressure High Temperature MJ#1 Well.
Looking forward to further guidance with respect to the make up and size of the RESERVOIR they are looking at.
Looking forward to the actual flow numbers from the bottom of the well.
Looking forward to Zion testing the multiple secondary zones of interest where independent 3rd party petrophysical analysis suggests the existence of hydrocarbons.
IMHO - SOMETHING GREAT IS HAPPENING TO ZION $ZN
(Smile). For some reason, I can’t see my smiley faces the way you taught me, but I will try again after this sentence.
Agree 100%
Cooldeliosis - perfect article that explains many facts. I’ve seen this before, but it’s an excellent reminder. If I owned a company with a rig, I would definitely keep drilling, even after discovery. I keep reminding myself that they can laterally drill in different directions and different zones of interest using what they learned from 3D technology and data that they learned from MJ#02 to date. My opinion has always been to trust Zion.
married50 - That’s my opinion also.
QUIET PERIOD could this be what’s HAPPENING now Quiet period
Language
Watch
Edit
In United States securities law, a quiet period is a period of time in which companies refrain from communicating with investors to avoid unfairly disclosing material, non-public information to certain investors when the company has not yet publicly communicated this information.[1]
When a company is raising capital from the public, the quiet period has "historically [meant], a quiet period of time extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement effective. During that period, the federal securities laws limited what information a company and related parties can release to the public."[2] This is also called the cooling-off period or waiting period. Under the rules of the Securities Act of 1933, as modified June 29, 2005, electronic communications, including electronic road shows and information located on or hyperlinked to an issuer's website are also governed. The rules changes of June 29, 2005, also included various changes which "liberalize permitted offering activity and communications to allow more information" for certain qualifying organizations.[citation needed]
The quiet period also means the period starting late in the third month of each quarter and ending on the day a public company announces its quarterly results.[3]
Guidelines Edit
During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:
New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed but must be explicitly described as such.
Management changes
Progress against company goals
Major product or service announcements
Major partnership announcements
InvestorsHub NewsWire
Alancg - my thoughts also in my opinion
Facts matter.
Lakota - I like the smoke signal analogy (smile)
Reverend - Me too. (Smile)
Grand Drip - sometimes it takes a few days for news to filter out. We will just have to wait to see it’s affect. In my opinion, this information is very good.
KyOil - Agree. Andrew is a good person. I can’t even imagine the number of calls they’ve gotten from frustrated investors. I’m my opinion, I’m going to load more this week. I know something about dark periods in business. There is always a dark period before news, whether good or bad, is released. Best to you.
Tisdal - As always, I appreciate your thoughts and reasoning. I always post using my opinion and understanding based upon known facts and data available. Conjecture can be misleading, but to me, conjecture using common sense and known facts seems like a good platform to launch from. Really, we all stand on our recognizance of what decisions we have made. Like the adage says: success or failure is a decision away. Keep up the good posts, friend. Best to you and all other investors.
Cooldeliosis - Thanks for the great information and welcome to this board.
TC - He loves you, brother.
gempicker - I have to agree with your thoughts on this. Lots of moving parts in this emerging market. It is an emerging market that will be a reality….. soon.
Lakota - you are absolutely correct.
KyOil - Thanks, Ky. As always, I always appreciate your posts having experience in the oil industry.
Reverend - agree. Great opportunity to load at an excellent PPS. Some claim no oil, no gas, and no cash, but that will change in a New York nanosecond when findings are able to be revealed. Best to you and other investors. Got ZNOG
Lakota - me also.
Tight hole folks. Stand by your own decisions. Best to all.
Tisdal - (smile)
J777S - a bunch of are on the same page, friend.
KyOil - Thank you, Ky. It’s always good to see you!
They found light oil , the best, with MJ#01 and they have drilled after 3D analysis from the same pad with MJ#02. Make your own conclusion. I have made mine. Best to all.
IMO - they have the goods. Of course, this is only my opinion (smile)
Thought I’d dare info in how oil is formed. Let’s add to our pool or knowledge. The best to all investors. Got ZNOG$
KyOil - nice to see you out here again!
MJ7777 - thank you sir. I respect all investors who post, including those who don’t agree with my posts or others We all have the right to express ourselves. We may not all agree but that is ok. The main thing is to keep the main thing the main thing and that is to respect the dignity and respect of each other that includes our investment without using slander to twist and bend the narrative. The very best to all investors and those who post on this site. Got ZNOG $
Tisdal - my thought also.
MJ#01 was their first drill in the Megiddo-Jeezreel valley. That is why it’s called MJ#01. I agree that they didn’t find the commercial reservoir since the light oil they found had a estimated flow rate of 90 to 120 barrels per day. You need a lot more than that to have a commercial well. They kissed that reservoir with MJ #01 in my opinion. Best to you