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Interesting facts:
It took 8 years of drilling dry holes in Iran before oil was found. Zion found hydrocarbons with their first drill, MJ#01, in the Megiddo Valley. After 3D testing, they are now drilling MJ#02 from the same drilling pad. It sure looks to me that they have a good record so far.
Reverend - the answer is yes but as you can imagine, security is tight.
Monroe - you are totally correct. I enjoy your factual posts as well as your reasoning using true facts as a baseline for reasoning,common sense, and wisdom from DD in research.
LB - Once again, we see @DavidNathanMD clearing away the noise to focus on the signal.
More Zion facts for new investors:
https://www.zionoil.com/updates/zion-oil-gas-2020-plan-and-corporate-update/
Another historical fact about Zion :
https://www.zionoil.com/updates/press-release-april-1-2020-all-lawsuits-against-zion-oil-gas-have-now-been-dismissed/
Sorry, friend, but you are wrong on both counts.
Facts for new investors: These are findings from the first Zion Oil drill, MJ#01, in the valley. Zion is currently currently drilling with a larger rig called MJ#02 from the same drilling pad after they performed 3D analysis testing.
https://www.zionoil.com/updates/zion-oil-gas-confirms-active-petroleum-system-in-megiddo-jezreel-1-well-in-israel/
Bones - agree. We are all looking forward to this becoming a reality based on our understanding of this ticker.
Tisdal - good post outlining facts in the drilling industry. I’m all about facts. Facts matter over conjecture as well as bending and twisting the narrative to make it sound plausible. I always enjoy your posts as well as others on this Zion board. Many of us are waiting for the PR that’s soon to come out. Go ZNOG $
All - let’s treat each other with dignity and respect. There is no reason to use profanity and condescending remarks regarding people including the company we have invested in. The very best to all who are invested In INQD. This is an emerging market governed by circumstances that affect an emerging market as all emerging markets have faced in the past. Thanks.
All - peace to everyone. No reason to use profanity or condescending language regarding other posters including the Zion administration. This is counterproductive and agitates. May I suggest we treat each other with dignity and respect. I wish and hope the best to all investors. News is coming soon.
Reverend - nice number. Good for you. You are in good position for news. (smile)
Monroe - I found another PR from 8/16/2018 with additional facts involved with the Zion saga from what was learned with MJ#1 well. They did find an active petroleum system, albeit not commercial. I’m my opinion, they touched the main reservoir. If you haven’t seen this PR, enjoy. Got ZNOG $
https://www.zionoil.com/updates/zion-oil-gas-confirms-active-petroleum-system-in-megiddo-jezreel-1-well-in-israel/
I meant to say: “ For those interested”
Got INQD $$
Monroe - I forgot to attach the 3D PR
https://www.zionoil.com/updates/zion-oil-gas-finishes-data-acquisition-for-largest-onshore-3-d-seismic-survey-in-israels-history/
Monroe - I also found this PR regarding the completion of the 3D analysis research that you will find interesting. Keep in mind that a company will never, for good reason, share their results as this would be detrimental to the company. In my opinion, their 3D analysis data showed them a picture of what lays below the ground in the vicinity of the MJ#1 pad. This is my opinion using my common sense based upon knowledge and facts. Next, Zion buys a large drill after navigating COVID in 2020. At this time, the drill is located on the same pad drilling or have completed drilling. We won’t know what they tapped into until they announce a PR …. soon. This is my reasoning and opinion at this time. Got ZNOG $
Monroe - Found it. Thanks for your patience.
important facts discovered from the MJ#1 well that was a prelude to 3D analysis and the purchase of a larger drill to drill from the same drilling pad. Let me accentuate: new drilling from the same drilling pad. With facts, faith in the company, and common sense, I draw my own conclusions. My conclusion: (smile)
Got ZNOG $
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forwar
Monroe - I meant to add in my previous post to you that an oil find will generate gas that will look like candles lit in the valley burning off gas. Oil will show revenue that will skyrocket the PPS not to mention fulfilling the goal to see Israel enjoying oil independence. Got ZNOG $
Monroe- How right you are. I prefer to listen and consider known physical findings that are true facts. 3D analysis testing followed by Zion purchasing their own bigger rig which is now drilling from the same pad as MJ#1 that found hydrocarbons, albeit not commercial (yet), speaks volumes. Zion’s silence speaks volumes. And yes, the fact is true that they don’t show oil revenue……. Yet. This will change when they find (if not already) the commercial reservoir that they “kissed” with MJ#1. This is my assessment based on known discovered facts from MJ#1. I recently posted facts regarding the findings and lessons learned from MJ#1. Let me find that and repost.
BP - great news! Very good news.
There ya go. (Smile)
Kick Up - you have a good financial advisor.
Bruce - good points. Best to you.
Freedom, I understand what you are saying. I work in a profession where I have made forward statements that have come back to bite me because of unknown issues that have happened. We don’t know what the future holds regarding investments. All we can do is use our own DD then decide on a stand. Best to you, Freedom. I mean that.
Some important facts discovered from the MJ#1 well that was a prelude to 3D analysis and the purchase of a larger drill to drill from the same drilling pad. Let me accentuate: new drilling from the same drilling pad. With facts, faith in the company, and common sense, I draw my own conclusions. My conclusion: (smile)
Got ZNOG $
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forward/
Lakota - I’m in 100% also plus long. It was a great buying opportunity today. (Smile)
Kick - agree with you, brother. All the best to you.
Got it. Thanks!
Just did some research. Thanks, twisted. Interesting for certain.
https://www.state.gov/the-abraham-accords/
Twisted - What are the Abraham accords? Interesting
Twisted - Thank you, sir. Best to you.
Moe - is has always been on the back of my mind the implications of a huge find that could dictate current protocol. We all hang on by our finger tips for news and each of us on here are hungry for news and an update and rightfully so. Best to all.
Thanks, Bruce. Interesting. Best to you.
It’s far from over. Plenty of time left to make the announcement. (Smile) Best to you and May all of us prosper. Got ZNOG $
Bruce - Where did you find that video? I can research also but the side is of interest. Thanks.