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attacking the mans personal life is just nasty and has no excuse\\
making fun of spanish cultures many names has no point and is politically incorrect -
i've posted research showing many names is part of their culture and the men sometimes have many names also
if one is unable to read and thus understand what for them is to hard to understand you just have to watch movies w mexican etc characters rattle off anywhere from 4-8 plus names
you just disparage the very little credibility u have when u constantly replay these games
witnesses reported and posted workers at the site under brad but we dont know for how long bc by the time leross etc arrived oct 2014 there were no operations
all bob did was pay for a promo to get enough funds to get production going-but during the swamp era many agencies were illegally politicized and received orders to destroy these low pennies bc "all business is evil and has to be destroyed"
so the promoter bob was paying for the 2010 promo was actually an fbi agent who begged for some money upfront bc the fbi agent claimed he was in dire financial straights-entrapment -many co;s do such promos but this was a sting
i posted the sentencing schedule for such a 1st offense which called for probation but the judge apparently rejected such?!
everything was really blown out of proportion and just kept snowballing-bob was personally required to pay fines but was prohibited from earning money to pay such fines!!
bob couldnt get a permit for the fert bc the mex july 1 2012 election was appealed to the mex supreme ct and thus permits were not being issued and then a lame duck govt followed
the main product was illegally held by port due to the mex govt changing rules midstream due to illegal mines on the mainland-so the company was blocked and had no way to pay expenses
so bob sold to the only offer he had-ca one week later bobs cwrn won the case against the port and thus the ilia shipped -bob would not have sold if bobs cwrn won the the case before he sold
it was just an unbelievable gauntlet and bob had had to pioneer a lot of things bc bob was the 1st to ship iron from the port
mining startups are reportedly the toughest startups as it is-w some highly successfully entreprenuers trying it as a feather in their cap to culminate their careers
read past pr's to see some of the crazy change orders bob had to confront from the mex govt due to illegal mines on the mainland which had nothing to do w cwrn -
india also made it almost impossible for iron miners at the same time due to illegal mines which exploded bc price of iron exploded
many said pesq was brad- i and longs didnt believe it at first but longs dd apparently then proved it-clark i believe
and then a couple years ago pesq posted again that he had no responsibility to inform shareholders of anything but that he had set up meetings w companies re a steel plant-so that again made it apparent pesq was brad
the only reason to my knowledge bob didnt sue brad to recapture cwrn is the millions of unpaid vendor payments bob may have had to make if he recaptured cwrn and the environmental permits were destroyed and it would take possibly years to reconstruct cwrn financials for reporting purposes- otc sec etc would continue to send bob stuff bc brad never reported in w those groups!!!! which is unbelievable!!
plus bobs equipment has been losing value wasting or rusting away
why keep equipment that isnt rightfully yours bc you havent paid for cwrn and thus have broken the contracts re the equipment and then knowing bobs signatures are on the liens for the equipment,claim those are not bobs signatures!! -that is easily proved but time consuming perjury which i understood took maybe 9 months just to prove the signatures were bobs
why hold up equipment that one cannot use bc brad lost the concession
some thought brad would flee mexico rather than face criminal sentencing in one or more of the criminal cases-but then the judge in one such case goes on vacation just before the sentencing and never came back-!!! and last i knew that case still had not seen sentencing
these things only happen in third world countries of great corruption where judges are bought and sold
all these things are accurate to the best of my ability as per dd and things reported and if brad recognized his responsibility to keep shareholders informed,he could have so informed us
if what has been reported an has been discovered is true he has one of the worst ceos,
which again begs the question of why so many have held up him up as thier de facto hero and given him a free ride-
ive never seen a certain group on these boards give a ceo such kid gloves treatment!!
yes i was surprised when a PR said they were only getting 5 days out of each packer-i did some packer research and posted it a long time ago-
this is my only oil well involvement anywhere,so i've suggested multiple times that somebody should research packers to see what the cost of packers that could withstand such temps would be
so we could do a cost benefit analysis
those packers are costing a lot because it takes 4 days round trip to replace the packers,which means they can only do one test or project per week-so they each cost 4 days labor to replace.
i hope He has mercy on us sooner rather than later,but the last thing he ever will reveal is the timing of a future event
and even when a timing is given or just presumed,our interpretation of the timing can have a far different perspective
geopolitically,we can look back and see why a major discovery did not occur until israel had a powerful friend jan 20,2017
re updating sticky- updating it w what? reportedly after brad stopped paying the workers apparently nothing happened and nothing was reported
apparently brad made no attempt to resolve the dtcc chill
so the stock is still frozen-it has not been tradeable for years without a hard certificate bc the lovely dtcc has held the stock hostage
and besides those who have continually attacked bob-but not the new ceo since 2013-haven made clear to any observers that this is not a going concern
how would they even trade it without a hard certificate -they could not
now if we are to believe anything different it would be brads responsibility to inform shareholders
but he has said thru his alter ego that he has no responsibility to tell shareholders anything,so under these conditions,its his failure to tell us anything
today there is the sec and countless watch dog groups to verify co statements
but not in edisons day
edison lied to investors -saying he had a successful bulb -when he did not - to do fundraising-was much easier to lie in those days to investors BEFORE electricity- i hear many in the younger generation denying there was a time before electricity as history is one of the subjects tossed into the trasbin-
yes and there was a time before pc's and the internet-if the younger generation puts their thinking cap on they might be able to figure out that cause and effect though that would dramatically alter their world view that these things have always existed
Operating costs and expenses. Operating costs and expenses for the three months ended June 30, 2018 were $2,016,000-- last 10q-this apparently includes admin and exploratory testing for both of those expenses add up to the stated -so total op expenses last reported qtr were= 672k/month
''We expect to incur additional significant expenditures to further our exploration and development programs. We estimate that, when we are not actively drilling a well, our expenditures are approximately $600,000 per month excluding exploratory operational activities''. p.29 last 10 q
1.24 million net loss for qtr ended june 30-last 10q- 423k/month
elsewhere something was said about 660k costs/month during testing(1.98 million/qtr
i think they were surprised the sourced packers only lasted 5 days in the high temps below 16k feet
if they have sinced sourced packers better able to survive these high temps they could save considerably in testing costs
some savings could be expected as they learn from the testing protocol of this well
plus victors salary is no more etc
so perhaps 550-600k/month-at 575k/month would be 9.2 months -based on 5.3 million just raised
if u did your own dd and would read the dd already done instead of making me do it again
as i said the pps at the time i posted that was the lowest in 11 years despite zn having confirmed an active petroleum system for the 1st time!!
it is illogical and a result of the concentrated attacks against zn since announcement of oil feb 13 for zn to have tied the lowest pps in 11 years when they were closer than ever to a commercial find
just bc somebody says there's no oil before a well is even spudded does not make it true
just bc somebody says theres no oil before a well even reaches td does not make it true.
just bc somebody says theres no oil before even 1.5% of the depth is fully tested does not make it true
just bc somebody says its over,again without any facts to back up their statement, does not make it true
none of the premature prognostications of zn's death-unsupported by facts-have been true
even a broken clock is right twice /day as u yourself have said-so if somebody attacks every stock etc at every angle without dd to support those attacks eventually they will be right -but by accident only
just bc some said zn would not be able to raise any money under these conditions did not make it true
these allegations are made against every company on these boards-doesnt make them true
zn just raised 5.3 million under these conditions- enough to finish testing
even a baby knows a developing co's value is not based on present assets/reveune,of which zn has now capitalized over 40 million
a developing co's value is based on the direction and promise and inferred net present value of future sales
jryan and others have posted the future value of product many times
at the sub 1 dollar pps at the time i posted that, many co's have no revenue
i've seen co's as high as 20 dollars pps w no revenue
there are probably co's at .85-1.00 pps who dont even have a product
i've seen co's boast of millions of revenue in the next year when they didnt even have a product or any equipment or any means to acquire any equipment!!
its amazing and perhaps unique that zn has only some 60 plus million shares o/s
very few co's even survive 5 years,let alone 18 years,without revenue.
the fact zn has is historical testament of something different here,which says something about inferred future value
if i could find a co which had lasted 18 yrs w no revenue it likely would have billions of o/s shares
zn only has shares in the low 60's million
https://www.volumebot.com/?s=zn
confirms shorts are not covering - up from august daily trading short % and now 45% average daily trading short % in last 20 days
for last 2 years except for the august low the 20 day short % has almost always been in the 40-60% range -not surprising given many blue chips are often 30% short
most longs consider the bimonthly short reports to greatly underestimate shorts
as volume bot, other short sites and official finra regsho.finra.org almost always show a much higher short %-even higher than volume bot etc
good post buddy
not going to be delisted - exchanges often in my experience give companies 5 or more months to get back to 1 dollar pps AFTER notification- would be long time before zn was even notified imo.
one such big board company last i looked was only 6c pps -had not been above 1 dollar since jan! and exchange gave them til feb 28 to rectify that! which is not unusual(except for how low pps was)
another big board oil and gas co husa has been 22c and hasnt been above a dollar for 5 years or more
if pps is below a dollar for over 1 year then zn might have to r/s to stay on nasdaq- but u see that is negative unnecessary future speculation
theres nothing magical about big boards except the high costs to stay on them -150 k/yr on nasdaq
which is why many foreign blue chips and other high quality otc stocks trade on the otcqx created in 2009. otcqx has many of the same quality requirements but allows pps down to .25 or less and institutions trade on the otcqx just fine
they are doing analysis/ logistics/ preparation for renewed testing of 5 more primary zones in the jurassic and perhaps more triassic testing-such renewed testing beginning oct 14 after the high sabbaths are over.
thier contract w the religious kibbutz they lease the site from probably requires they observe sabbaths plus the many once a year high sabbaths this month -
which makes testing impractical when they would have to observe 9-11 sabbaths in 22 days when the packers only have a 5 day shelf life in the high temps in the hole and it takes 4 day round trip to remove and replace packers
somebody needs to research packers to see if theres a solution to that short shelf life down under problem
the noise of frivolous lawsuits does not help either for investors who dont understand the lawsuit game
tothe says big boys are starting to buy again and contrarion investors should buy at these undervalued prices- pps is near a 11 yr low w a well which could confirm a field once testing begins again-insane
It is possible that Contrarian Investors (Professional Squeezers??) have taken notice of ZN as it is an Legitimate Investment Grade Affinity Stock.
i would think so-this is insanely undervalued- havent had time to read posts lately here due to dealing w other boards
the most consistent thing about the market in my experience is an insane overreaction to everything bc so many mutant groups are trying to make a microwave buck
the lowest this has been back to 2007 was .85 jan 1 2013
which i guess we came to close to tying today-thats crazy
its the same well that popped pps to ca 5.80 in feb that many months closer to a confirmed field
one of the most exasperating things re trading is the inability of investors to evaluate news- thought big boys w their resources would be smarter but some big holders dumped positions w nasty market orders sometime back to cause pps to crash several times and to stop out longs.
this is always a spec investment for big boys until a confirmed field but its the spec investments which can pay off big time big boys know-
so 13f's show big boys buying again?
geo was kicked out aug 2011 and further ships were handled by cwrn
revisionist vendettas dont change the facts
the composition of the ore was posted any times but some just rejected all dd out of hand
http://www.volumebot.com/?s=zn
shorts rising again after a daily low of ca 15%-crazy
btw testing on this well is still in early stages as far as flow testing goes=only 1.5% of well has had any flow testing
i believe they have a commercial find-the only question is how long before it is confirmed
a chart going back to 2007 shows pps hasnt been this low as far back as the chart goes, except for .85 on 1-1-13
ironic when they are closer to significant oil than ever before
as i mentioned once before companies would normally be buying back stock when it is this undervalued,but of course the prime directive is to find the commercial find 1st
geopolitically i think the mark taylor commander in chief word had to be fulfilled before a very large onshore israel oil field could be confirmed bc israel needed a powerful friend so such could not become an ezek spoil before its time
that is logical-they have extended many times in the past-so either they achieved their goal or got supplemental financing elsewhere
testing resumes oct 14-meanwhile they no doubt have done more analysis,communication w providers and logistics
would be nice if they found packers which would survive temps longer
cant findit right now but many weeks ago i posted that when u combine nat gas and oil the usa was already the worlds highest energy producer at 16.999 M bopd (8 NAT GAS UNITS= 1 barrel oil)
2nd largest country- russia-was way back at 12 and change mbopd equivalent
https://www.bbc.com/news/business-41988095
https://qz.com/1285134/the-us-is-the-worlds-top-oil-and-gas-producer-for-the-7th-year-straight/
https://www.eia.gov/todayinenergy/detail.php?id=36292
https://www.otcmarkets.com/filing/html?id=12923779&guid=3KTZUeKdSJyQryh
testing begins again oct 14- its hot down there and we have to go thru cleansing fire right now so we dont go thru the destroying fire forever
everywhere i go theres always a high level attack and i'm always the last good guy standing so will be interesting to see if this is different
battle hardened means battle tested so we can become visitors and overcomers
i cant find it right now but in the admin update zn said they had finally been served in the n dist of tx class action lawsuit
once served zn has 20 days to respond
the suit claims zn made misleading statements
so those are 2 reasons for their relative silence
when theres a lawsuit, a co's lawyer will usually put a gag order on the co and its officers
the triassic is low permeability-so couldnt get much natural flow-thats common- same thing in saudi arabia- where they were starting to use acid stimulation w low permeability fields even back in the twilight in the desert book published ca 2005
so zn did a small acid stimulation to create an unnatural flow
the acid is fracking on a small scale-the acid opens up fractures for oil and water to flow by dissolving soft interstitial rocks like dolomite and limestone
so the resulting unnatural flow is a combination of unused acid,slurry from soft rocks dissolved in liquid and the water not only internal to the rocks but the water resulting from chemical reaction between the rocks and the acid
i assume the soft rock is younger and not the primary dwelling place of the oil at depth
ff was one of several posts i had on this
the acid produces a fluid composed of unused acid,used acid,a slurry of the rock 'melted' or neutralized by the acid,and water. Water is produced upon contact of the acid with the rock medium.
the purpose of the acid stimulation is to open up a tight formation(low permeability).
Such tight formations are fairly common and the use of acid stimulation upon such formations is common.
the slurry or completion fluid resulting from the acid stimulation has very little to do with the eventual oil and its water cut produced by a well.
Thus,there is no reason whatsoever to waste time and money determining the exact composition of the completion fluid.
This is basic and should be known by any 'expert'.
on the 2nd graph the 0 vs 100% result implies only 1 or 2 persons in the 'poll' from those regions
vs 58 vs 41 from the usa
https://trends.google.com/trends/explore?date=now%207-d&q=ZN%20stock,%2Fm%2F03p3kgf
yes,the valley will be flowing w something other than black gold at a future yom kippur
i can see why goldbug is thinking hanukkah -when the miracle of the oil occurred,with zn testing resuming oct 14.
jubilee year is announced on yom kippur -but started last year yom kippur as per most calendars- 1967-1968 and now 2017-2018
yom kippur this year began sunset sept 18 and ends sunset sept 19 today
I agree-this is not texas where there are 100's,maybe thousands of offset wells,nor the bakken nor long beach,ca etc
there's is a big difference between a wildcat well no matter how carefully selected than drilling in the middle of an already discovered known field
looking forward to resumed testing less than a month from now in the higher 5 primary zones and elsewhere if they havent finished in the triassic
would think there would be a bigger acid stimulation below 16k ft but never heard of such so dont know whether they are done below 16k
re the lawsuits, pretty soon ppl wont be able to leave their homes at this rate without threat of lawsuit,e.g., ''oh but i didnt see the tree i crashed into bc i was distracted by his mowing the lawn,so its the lawnmowers fault'
saw many scammers in both the non profit and for profit businesses i helped build-many go thru life threatening suits - knowing many will give in to them out of fear and thus settle-thats how many scammers earn a living- they are too lazy to get a real job
its all right here which u apparently didnt read,from the sec website
only items in sec 1-6 and 9 have to be filed in 4 bus days- item 8.01 and the subject matter is not within 1-6 or 9
so there are exceptions as noted
https://www.sec.gov/fast-answers/answersform8khtm.html
a quote from that form on the sec website:
"Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above.
The july 11 8k re the sec investigation was item.8.01 other event
https://www.otcmarkets.com/filing/html?id=12856777&guid=1o_ZUFxzfuh5Qyh
the conclusion of the syllogism is that bc the july 8k was an 8.01 item,it was NOT required to be filed within 4 days
defendants are system wide allotted 20 days to respond to notices of suits which i assume would include an sec investigation, even though it has not risen to the level of a lawsuit
to require zn to file an 8k within 4 days of notice would impinge on the system wide basic right of 20 days to respond and thus would be illogical
you and your group are sec specialists,so perhaps u do not realize how extremely specialized sec subject matter items are in the law-a specialty of a specialty.
you already know that any company which receives such notice from the sec has to find an sec approved attorney,and outside of washington dc and new york and a few other areas such sec approved attorneys are far and few between.
except for ambulance chasers it could be hard to find and obtain a meet and greet w such an sec approved attorney within 4 days outside of those few areas.
as i said,from the sec site:
"Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above.
The july 11 8k re the sec investigation was item.8.01 other event
https://www.otcmarkets.com/filing/html?id=12856777&guid=1o_ZUFxzfuh5Qyh
the conclusion of the syllogism is that bc the july 8k was an 8.01 item,it was NOT required to be filed within 4 days
Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above.
zn's board meeting re victors resignation was aug 31-dont know if the day of the activity counts
the next 2 days were not business days- 1st day after was jewish sabbath,2nd day sunday
the next day-labor day- was also not a business day in the usa where zn is headquartered
so if the count starts the day after the event,zn announced re victors departure on the 4th business day in the us -where zn is located bc labor day was monday sept 3- a three day holiday
https://www.otcmarkets.com/filing/html?id=12955430&guid=1o_ZUFxzfuh5Qyh
microcaps1 Saturday, 09/08/18 12:35:03 AM
Re: None 0
Post # of 28753
let me explain the holiday schedule problem within the limitations of this board
zn has already posted that in the 16000 ft and deeper zone that it takes 4 days roundtrip for the drilling pipe to be removed to retrieve the packer at end of its short 4-5 day life and replace w a new packer
zn leases the drill pad from a religious kibbutz which strictly observes sabbaths -to the extent that zn doesnt even run the pumps to circulate the drilling mud-this may be a condition of zn's contract w the lessor kibbutz!!!!!!!
besides the weekly sabbath there are 7 high sabbaths during the year- 4 of them are during the fall high holy days - rosh hashanah, yom kippur plus the 1st and 7th or 8th day of sukkot(tabernacles)are high sabbaths,being
sept 10-11 monday /tuesday, sept 18 tuesday,and ca sept 24 1st full day of sukkot and ca oct 1
would have to look up a jewish calendar to verify exactness which is not in front of me
do the math and the logic -a lot of things are answered via simple logic-a lost art
between regular sabbaths they have 4 or 5 days(if they work sunday) to do something
none of the high sabbaths coincide w the regular sabbaths -by jewish law they arent allowed to!!- a high sabbath cannot be on the same day as a regular sabbath!!
so with all the 4 high sabbaths on mon tues wed or thur you have to start using a 3 dimensional calculator-taking into consideration the 4 day round trip to get in and out of the well-to see if u could actually get something done-NOT efficiently!
SO ZN SAVES MONEY by temporarily halting actual drilling/testing operations
that doesnt mean zn isnt doing anything-they can analyze,plan,do logistics and the reflection part of the praxis during this time-something that normally occurs in any operation that doesnt have offset wells to learn from
i just posted re this within the last few days from a previous years zn pr re this same fall high holy days schedule where zn's pr noted they observed such holidays
so THIS IS NOTHING NEW AND NOT SURPRISING to those who follow the dd
there are also other holidays during this time period which are not high sabbaths or ordinary sabbaths
microcaps1 Tuesday, 09/11/18 01:19:46 PM
Re: microcaps1 post# 28334 0
Post # of 28752
so, zn leasing land from a religious kibbutz which observes these festivals,could not work on sept 8,10,11,15,18,22,24or 25,30 or Oct 1,
w 7th day being Hoshanah Rabba, the 8th day of tabernacles being a special high sabbath holiday Shemini Atzeret and some observe a 9th day called Simchat Torah
so there are 9-11 days during this one unique ca 22 day time period where ZN could not work at the oil platform,where there work would be obvious to the kibbutz-
they can do analysis etc which will keep them busy- something that is going on in any operation without offset wells to learn from, as verified by kyoil
while they simultaneously wait for the war chest to increase.
doesnt make sense to work at the well under those temporary conditions-spend 1-2 days getting packer in the bore-take a day off for sabbath while packer money is burning,giving only 1-2 days before have to haul packer in again