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taylors prediction of usa and israel energy independence still marching forward.
not too long ago usa would be no 4 on this list
and usa is building more oil pipelines- which is now a limiting factor- to allow for ca 1.5 m more bopd in ca 1.5 yrs,maybe less
the chart below includes i believe nat gas at 8 units of gas per barrel of oil
the very interesting thing for us is the volcano blowing that taylor in utubes says was the volcano name given to him [i know you're still waiting for a much more massive event] as confirmation of israel energy independence came within 6 days of zn's feb 13 announcement of oil in the mud-remarkable timing given how confirmations in his timing can be years apart
there may of course be a 2nd confirmation, which u are looking for
https://investingnews.com/daily/resource-investing/energy-investing/oil-and-gas-investing/top-oil-producing-countries/
thanks opti for all your hard work in keeping the lines of communication open. Without that we might be completely in the dark.
someday it would be nice to know the mystery behind "next week or two"
it was an unusual request for him to ask-at your urging- that the lawyer provide that letter-so the letter -which i assume was on the firms letterhead-must be true- i dont know why a lawyer would provide a false letter re such
so the auditors have the ball now
do the letters-presumably of recent vintage- confirm as near as u can tell that the issues are being worked on
anything u can say about what is holding up the accounting-
have the financials been turned over to the auditors or are the auditors repeatedly asking the accountants to provide more information-
after 3 years of accountants working on the financials i'm sure everybody wonders what is the holdup
with zn's previous total monthly costs during testing periods being 600k/month, i doubt the rig was costing 450-475k/month
and with victors salary etc gone and better sourced packers costs should be less now
and as usual this issue isnt what really matters-what they have in the ground matters-they arent searching for nothing
I'm thinking zn probably got a good monthly lease rate on the rig since the parent of the sub zn leased the rig from is going through some kind of bankruptcy
i'm not experienced in leasing oil rigs but am very familiar w leasing of ships and u dont pay a day rate on ships u are borrowing for months
so i doubt very much that zn is paying a daily rate for the rig
also, as a PR noted on sept 7:
Zion Oil & Gas Announces Dustin Guinn as Chief Executive Officer
Zion Oil & Gas operational update and plans to test up to five additional zones of interest.
DALLAS and CAESAREA, Israel – September 7, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) is pleased to announce the appointment of Dustin Guinn as Chief Executive Officer of Zion Oil & Gas, effective September 1, 2018.
“I am very excited about the continued opportunity to help Zion fulfill its vision of helping Israel become energy independent,” expressed Dustin Guinn. “I have been intimately involved in the Megiddo Jezreel #1 (MJ #1) Project as President and COO, and my optimism remains high. I am fully aware of the investment, both financially and emotionally, that our shareholders have made in Zion’s current MJ #1 Project, and I do not take that lightly. I also understand the challenges that we face to fulfill the vision and am accepting the position as CEO, in part, as a response to those challenges. I view these challenges as an opportunity to overcome and succeed. I believe in Zion, the MJ #1 Project and look forward to our best days ahead.”
John Brown, Zion’s Founder and Chairman of the Board, states, “Dustin’s background as a former CEO of an international oil and gas service company in which he oversaw the growth of a regionally focused company to one that had over 1,500 employees with peak annualized revenues in excess of $400 million with an asset base of over $600 million help give Zion the operational and organizational experience we need at this time. His alignment with Zion’s vision, and his leadership over the last two years, have proven to me that he is uniquely gifted to help lead Zion.”
Zion’s petrophysical analysis, in conjunction with observations while drilling the MJ #1 well, has identified five additional primary zones of interest above the Mohilla formation that, contingent upon adequate financial resources, Zion plans to test. As has been previously reported, there are naturally fractured carbonates in the shallower zones that have effective reservoir potential. That, coupled with internal and 3 rd party petrophysical analysis of Zion’s open hole logs, gives Zion optimism and confidence to proceed with further testing, and Zion believes that it is imperative to test these zones of interest.
Zion remains committed to observing local customs such as Shabbat and holidays, and, as a result of 2018’s holiday schedule, it is impractical, inefficient, and cost prohibitive to try to operate through the holiday season in September. Zion’s service providers have all generously agreed to steeply discount their standby rates to accommodate Rosh Hashanah (Feast of Trumpets), Yom Kippur (Day of Atonement), and Sukkot (Feast of the Tabernacles) holidays.
“We are grateful to our service providers for their willingness to partner with us in this effort,” expressed Dustin Guinn. “We believe this shows good stewardship, both financially and culturally.” Zion plans to resume operations on October 14 th , 2018 and recommence testing of the identified zones of interest.
thanks -found it- was surprised bc had just checked website and filed disclosures and it was not there
Good morning from Zion!
It is a new year in Israel (Rosh Hashanah/Feast of Trumpets marked the beginning of 5779), and the High Holy Days are over. We are excited to resume operations at Zion’s well-site.
Service personnel will be on location to continue testing at the Megiddo Jezreel #1 site this Sunday, October 14th.
We want to thank you for your continued encouragement and ask that you pray for the safety of your well-site crew, the efficiency of all operations, and also for God’s ongoing favor in the midst of difficulties.
The vision of Zion is to help Israel become energy independent, and as a result, share the Gospel of Jesus Christ. Our platform has become increasingly visible, and we praise God for that.
Please continue to allow us to pray for you as well.
Shabbat Shalom,
Dustin Guinn
CEO, Zion Oil & Gas
Zion Oil & Gas drill site in Israel
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion's planned operations, anticipated attributes of geological strata being drilled or tested, the presence or recoverability of hydrocarbons, operational risks in testing and well completion, timing and potential results thereof and plans contingent thereon are forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion's periodic reports filed with the SEC and are beyond Zion's control. These risks could cause Zion's actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
email or website?
as i said before zn had a current ratio similar to walmart and now after the 5.3 million raise has a much better current ratio than walmart
and the biggest balance sheet liability-the derivative- zn has is a contingent liability zn wont have to pay out if they find commercial oil
and as i've noted before, zn has,including capitalized costs, ca 40 million of noted assets
but in a developing co or company without current revenue that is not what an investor looks for -investors look for the risk reward ratio,sometimes based on the npv of an assumed find as noted by the geological reports,as others have noted 36.2 million barrels recoverable was a conservative amount
oilman kyoil said he had never seen a situation w 2 of the 3 conditions here turnout to be noncommercial!!!
so at the low pps -near an 11 yr low,despite being closer to a commercial find than ever before,this is a good risk reward ratio-thats what the big investors who employ ppl to get shares cheap think and why such big boy investment has risen
plus zn has something unique going for it-its ability to raise funds and continue operating for 18 years where no other oil company could-that bodes well for the future
https://www.otcmarkets.com/filing/html?id=12903001&guid=_YnZUFN_K2z4Sth
the 2nd paragraph is a joke playing into what i thought tothe might be implying (as a joke also?for i wasnt sure what he was saying re that),for those who didnt catch the joke- few ever do
trying to decipher the contextual context but:
if the accounting firm wanted to personally trade zn since zn is such a good big board deal at this near 11 yr low pps,they would have to drop zn as a client so they wouldnt be engaged in insider trading- dont know how long they would have to wait- but maybe you're on to something if thats what u meant
only 3-4 days til testing begins again- utilizing the analysis, logistics, sourcing (including,hopefully better packers suited to the hot temps),planning etc they have been doing in the interim
and if they have a commercial field worthy of ezekial events-the BIG geopolitical picture- more than one person- as in the pic of the golan below-will have to be watching the golan after the current usa admin is out of office-which as per some prophecies will be 14 years-and by then russia will be hopping mad
yes, when they broke into the jurassic, thats when they had to get the new blowout preventer from scotland? ca May 2017
yes,it would be nice to have a geologist posting-maybe if zn reads these things they will eventually have one of their geologists comment
but considering others replies to your post i dont know if a geologist can help somebody who doesnt know the difference between the jurassic zn drilled into ca may 2017 and not yet flow tested vs the triassic drilled into in jan- feb 2018 and who doesnt know about acid testing despite my many explanations of the triassic acid testing/micro-fracting event and explanations by others
bobs lawyers won the port suit shortly after bob sold -the judge thus ordered the court to allow cwrn to ship the ore-including the 45k tons trucked by bobs cwrn to the port-which the port had held hostage- many of these things are explained by pr's-posted the pic w shirley at the port w the ship ilia
w the reported 26 suits against brad its amazing he has extra money for these attacks-some have wanted me to bring suit on behalf of stock holders against pesky for various reasons-but whats the point if he has no money to satisfy a judgment and flees to avoid jail time in one of the criminal suits against him-but if he wants to play dirty...
hard certs are not held by the dtcc-
which is why some trading occurred well after the dtcc chill-
but the cert trading was not by bobs family -
btw i posted emily's hard cert of 50M shares as an exhibit in the suit by bobs cwrn against geo sept 2012- emilys hard cert was given to geo in return for something
cwrn claimed in said suit that geo was selling shares-including emilys? to cause pps to crash in violation of the terms of the agreement re those shares
blame it on geo then bc the shipping company switched ships on them and caused a one month delay in the 1st ship kriton-
as in everything today ppl are using their knowledge for harm, not good, so unless one is an expert in dealing w shipping companies,one will likely get taken as in everything else in a dog eat dog world w no values
this macro event also affects zn as most indices fell quite a bit in last 2 days
https://business.financialpost.com/investing/no-end-in-sight-to-stock-rout-as-traders-say-bad-day-was-overdue
re acct firm- havent read what anybody else said,but a crafter playboy summed it up when he said, ''its all about the money honey''
due to the panda yolande etc thing,sec probably asks zn's acct firm for verification-and the acct firm probably has a list of situations determined by a committee long ago that would trigger dropping a client,as in "compliance with govt investigations for which the acct firm is not paid"
agreed- Hannukah has no high sabbaths- its not eve mentioned in the ot-lev 23 -where the biblical feasts are delineated -nor elsewhere in the ot
whereas the spring(past) and fall(future) festivals were either fulfilled or will be fulfilled in the life of the name that must not be mentioned here
so hannukah will have no affect on zn schedule,as it is a working holiday
https://jewsforjesus.org/publications/newsletter/newsletter-dec-1998/christ-in-the-feast-of-hanukkah/
so the technical charts are basically neutral-how much influence do you think technical traders have on a stock like zn? not sarcastic - just plain curious
td is schizo right now -the watchlist says last zn trade was 1.31 whereas their chart says last was 1.13-opened td twice to verify
i have to apologize profusely on several counts bc:
i'm not a chart guy- i'm a fundamental values (extrapolation from financials and dd plus npv for developing companies like zn)-
there are so many games in a market absolutely saturated w fraud where the market employs a reverse robin hood scheme to take from retail longs and redistribute to everybody else that i never thought charts could predict those games or future news/developments-am i wrong? -or do the charts just ignore those issues on the questionable assumption that those things just balance out
one of the things i look at is a rsi- often a 14 day rsi - thats the default chart rsi for brokers charts, isnt it?
well, i feel so bad now that i would feel better if u beat me w a lead pipe saturated w your favorite biological- i've experienced far worse things
my best subject was logic and professors would fall out of their chairs saying you've understood in a minute what takes a semester to teach- but i've yet to find the logic in the market after all these years- which seems to be ruled 90% by fraud and primitive emotion and overreaction-and i/m not very well versed in those things though i understand after watching it how the fraud works
how can charts take that into account?
e.g.,1 qtr walmart plummeted despite beating the estimates on all counts-so illogical that even brain dead analyticals wrote articles on the illogic
apple more than doubled gleefully on the news of jobs death-the creative talent behind apple- wasnt jobs one of their own? did the market hate jobs that much? and yet even more brain dead brokers told me to buy apple at 700,saying it was going to 1000-i told them apple was due for a big crash-were they using charts?
you mentioned a possible timing for buying zn as a contrarian before, which is a role i sometimes play, based on the observation that 90% of the ppl are wrong 90% of the time and cannot even evaluate news!!! as has happened with zn!!!, which was at an 11 yr low despite being closer to a commercial field than ever!!, which is an uncomfortable pool to play in,even if u can swim for hours
w all the swing traders,flippers,profit takers and other mutants proliferating since 2009,what % of the time does a stock substantially rise above a 52 week high?
are warren and i the only value/ fundamental traders left? as we are mocked for being-another illogical situation.
see this-your boy never even checked in with otc or nev sec of state etc -so they didnt even know your boy existed-how lame
since brad had never dealt with the responsibilities of a public corp before,i thought he was allowing new cwrn officers and board to secure secure habitations before announcing such- theres a reason why rich ppl in mexico live behind solid concrete and rock walls
so i defended brad for months,thinking that he must be dealing w security concerns,as my late best friends brother, who has places in la and mexico, told him not to visit mexico bc of a spate of kidnapping of rich[anybody who owns more than 2 pairs of shoes] americans
https://www.otcmarkets.com/stock/CWRN/profile
from a 2012 pr: but i guess your story is bob fell off a turnip truck while passing through and took over the mine by hypnotizing every bob to accept him as the prime mover and chairman etc
Cotton and Western Mining, Inc. (OTC K / trading symbol CWRN) works closely with a group of international agents and affiliates that operates iron mineral mines, manages, markets, and executes contract sales agreements for the iron minerals. Insiders and majority share holders of Cotton & Western Mining, Inc. are Robert L. Cotton Jr. (Bob) President & C.E.O. and the majority shareholder of the company's control shares. Insider Minority control shares are owned by Robert L. Cotton III (Trey) Vice President and Treasurer and by Sharon Vazquez, Vice President and Secretary. These shareholders's currently comprise the sole list of corporate officers and board of directors. The balance of control shares are held by Emily Cotton and Jennifer Cotton.
common sense = bob had 2billion shares -saw the certificate years ago- brad didnt agree to pay 3-3.5million to buy 46k shares-he paid for majority control-which was over 2billion shares with 4.361 b o/s,so perhaps bobs plus some of the additional 500k closely held shares
brad didnt contract to pay 3-3.5m for 46k shares-thats obvious
maybe he had 46k after he sold=or his shares were in trust
one dies not have majority control of a co w 4.361b o/s w only 46k shares -thats obvious
what does all this nonsense have to do with today?? other than the personal attacks against and attempts to discredit me, what is the purpose of all this harassment today??
depositions are messy affairs especially when there's as much manipulation as there was in bobs depo
the stenographer doesnt know anything about the business-so he can only record what his imperfect ears hear-and in my experience nobody bothers making corrections
so what????? -we know the mine shut down oct 2012-
i've pointed out the reasons many many many times-
due to sudden requirement for an export permit to the usa when such permits were not being issued bc of the contested mex pres election and main product held hostage and port not allowing them to ship--- thats not news
but when bob won his suit against the port the judge ordered the port to release the 45k tons ore held hostage there
plus 23k additional tons were shipped on the ilia also May 2013.
Witnesses reported they saw workers working the mine 2013-maybe that was just for loading the ilia- i dont know- but they seemingly reported activity for a few months- i've asked the witnesses to detail the last date they saw activity and nobody has responded
maybe the reports of activity for a few months was longer than the actual activity
but apparently everything died when or shortly after brads navial business partner or backer reportedly took the money held in the dlc trust from the ilia shipment
By the time of leross et als visit oct 2014 everything was shut down and had apparently been shut for sometime w the trommel the only major piece of equipment i remember from his photos
as long as jc keeps promising that also prevents the statute of limitations re a share holder suit from either starting or running out
bob won the suit against the port shortly after he sold his 2 billion shares to brad, which resulted in the ilia,as per the judges orders
but otherwise.after bob sold, brad was the ceo calling the shots after april 2013
brad -not bob-promised the kiliwa mining offshoot
reportedly to all the following:
bob sold cwrn to brad for 3-3.5 million-but brad only made a down payment of .5 million and reportedly never made any further payments
but brad still held onto the equipment despite breaking the contracts
even claiming that bobs signature on the lien for the equipment was not bobs! which delayed 1 of the 4 cases bob had against brad for 9 months while a signature expert confirmed the signatures-
last i knew 3 of the 4 cases by bob against brad were still in process-in one of the criminal cases by bob against brad reportedly the judge disappeared before sentencing and so sentencing was delayed forever
brads navial backer apparently paid the millions of dollars for many of brads private company navials concessions
so when the ilia money came into the trust brads navial business partner reportedly took it!!!!!!!
thats theft or embezzelment by somebody reportedly connected to brad,depending on your point of view-
its brads responsibility to pursue his navial business partner to recover that ilia money on behalf of cwrn!!!
but of all the cases longs dd has been following against or concerning brad we have seen no evidence of brad attempting to recover the ilia money for cwrn
thats why everything shut down- brad never even updated otc or sec or apparently nev sec of state re new ownership
reportedly brad didnt pay the workers so they sued and brad sold the trommel to pay the workers
reportedly brad didnt pay the other vendors either
reportedly there were 26 cases against brad
the concession landowner wasnt paid royalty for the ilia shipment so brad lost the concession
of course we didnt know of any of these things bc brad didnt officially tell shareholders anything after the may 2013 pr
meanwhile brads alter ego eventually said he didnt have any responsibility to tell shareholders anything
many would have been all over bob if he had done ANY of those things but very strangely nobody seems to have questioned brad re ANY of these things
instead brad seems to have been the hero of some throughout all these things-
after puzzling over this bizarre conundrum for years,the only logical conclusion i can come to is ...figure it out for yourself trashing bob and blaming everything on bob ,knowing that whoever believes that false witness will be captured
what would u guys be saying if bob or somebody connected to bob had personally pocketed the money from a shipment???
thats why everything shut down- all of that almost 7 million ilia shipment money reportedly went to brads private navial partner to pay the partner back for the millions brads partner paid for navial,leaving nothing to keep cwrn going
nothings happened for years bc the new ceo said he didnt have any responsibility to communicate anything to shareholders-so we didnt even know he had lost the concession for years
the co was sold to brad ca april or may 2013
and it was that guy that drove the co into the ground -who didnt even register the new ownership w otc or sec-and who allowed the almost 7 million dollars from the ilia shipment to be stolen
do you mean the deadline by plaintiffs to name a lead plaintiff by oct 8- i have not looked to see whether that has been done.
impressive charts as usual
If the judge finds a suit against zn to be frivolous he is likely to require the plaintiff to pay Zn's attorney fees and costs.
it wont require 5.3m to arrive at a summary judgement,which ,given the known facts thus far,is a possibility.
Plaintiffs are asking the court to find a tweet and an incomplete panda screenshot of a denied foia sec request,w sec reason for denial being an inconclusive non specific mention of enforcement proceedings,which could mean many things,to constitute legal notice to zn of sec proceedings against zn,which is insane.
Neither of those things come anywhere close to legal notice of proceedings!!!!
A legal notice of proceedings is an official presentation to ZN by SEC of such. Zn received notice of a fact finding inquiry in june. A very basic element of the law is to allow any defendant 20 days to respond to such notice,as ZN did to the sec, and separately to investors via the july 11 filing.
the case against zn seems to revolve around that issue- a trial court cannot set a landmark precedent re such legal notice-a trial court is bound by the systemic rules of notice prevailing at the time zn received official notice from the sec.
if a landmark change on what constitutes legal notice
is made it has to be made by a high court and codified into the court rules and fifty states legislative statutes- any such landmark change cannot be made retroactive!!
so the plaintiffs are really reaching-they cannot expect to win on the facts,which is why they demanded a jury trial,so they could bull/manipulate a jury via an emotional presentation
but such is not likely to mean anything even if their manipulation of a jury were to work,because the jury cannot violate the rules of law presented by the judge to the jury,and if the jury does violate those rules of law the judge is bound to disregard the jury 'verdict' -make such null and void.
ambulance chasers only care about the money and the name they make for themselves on the wild frontiers.
Re the continuous pronouncements of doom without any facts to back them up, i refer you to post 29100.
the exploratory well,still in the infancy of flow testing,with at least 5 primary zones to flow test still,has discovered the elements required for an active petroleum system.
kyoil said he'd never seen a situation w 2 of the 3 elements here turn out to be a dry hole
ZN continues w the scientific discovery process to locate the oil field
Multiple persons also have evidence ignored by the world of an oil field.
As tisdal says, this is an exploratory well,whose primary purpose,like all exploratory wells is to locate an oil field.
Once that is done,zn's statements-the subject of a lawsuit-are justified in fact.
i never said 73% iron- thats really reaching for a personal attack-was hole 73 bao was testing as everybody should know as it was posted scores of times
presidents of bao brazil -mr zhao(last i knew pres of bao usa] and bao usa at the mine
always testing-mr zhao
jr miner costs were sometimes negative
mr zhao testing at hole 73 as posted many times
many people make a living by threatening frivolous lawsuits,knowing some will just settle, even though theres no substantive case against them
discovery of an oil field would exonerate zn's statements-so thats another reason for zn to pursue testing as quickly as possible
big boys probably understand the lawsuit(s) is not going anywhere unless the court gets really creative and sets a new precedent-which is not what trial courts do-trial courts dont like to be reversed on appeal
risk reward at such low pps is favorable
she only has 4 names and many usa women have 4 names also
bao didnt just take a look-they bought 3-4 shiploads
they wouldnt do that as per your own scenario if vein ore was only 58.5%
the only time ore was 58.5% was 1st shipload-comb of 58 and 62- bc the magnetic separator only became operational ca 1 week(actually less bc that week was part of the xmas holiday) before trucking began 1-11-11 and they had not located the veins nor acquired results of the 1st 68 drill holes until after the kriton sailed
we showed pics of the pres of bao brazil at the mine scores of times,including testing ore at 1 of the deep holes -ca 73- in preparation for a beneficiation plant,as per pr's in 2012
kiliwa mining didnt do anything and no shares of kiliwa were issued to shareholders-
bob won suit w port and a judge thus commanded the port to release the ore and bobs cwrn apparently set up the ilia shipment as per the court order- we saw pics of shirley in front of the gantry cranes giving the thumbs up
mexico refunds the iva tax for cwrn exports which were due back to bob-reportedly brad initially agreed to pay such refund to bob but then reneged and bob had to sue brad for that ca 460k also-a criminal suit i believe-1 of 4 suits by bob et al against brad-apparently bob has won that suit now
bob sold his majority interest of over 2 billion shares
there were many valuable pieces of equipment including the highly customized hardened trommel brad reportedly sold to pay workers when they sued him for failure to pay them
brad reportedly didnt keep up env permits and let them lapse and didnt pay royalties so lost concession and reportedly didnt pay any other vendors
there were still over 200000 tons of fines and fert since fet couldnt be shipped aug 2012 bc the mex pres election of july 1 was appealed to mex courts and mex had suddenly demanded a usa export permit
there were 73 drill holes and 5 identified veins
there had been under bob established relationships w bao-the 2nd or 3rd largest steelmaker and the only large steelmaker without its own vertical mines and relationships w vendors and ship facilitator etc-all down the tube w brad
see somebody is still singing the praises of his apparent benefactor after the last ceo ran the company into the ground-a lot of things about the only pr issued in 5 years by the last ceo were questionable,as explained many times
i dont know why its so important for some to keep maligning me and a past ceo who hasnt been running cwrn for ca 6 years now