It takes sometimes 9 wells to define a petroleum field. Bottomline is the industry proves it sometimes take more than a few wells to find the sweet spot for production.

That’s pure speculation.

Macroeconomic outlook here.

One can only sink so much personal wealth into something. With the bear market we are now in preserving capital is a universally smart move. The Fed is pushing rates high and faster than ever before. Corporate guidance is very weak, there is a shortage of dollars globally, and credit lines are drying up. The corporate earnings will be dire in Q1 ‘23. The scrambling for dollars from foreign commercial banks is causing collateral debt issues. Big business is putting future growth on hold which slows credit markets . It simply costs much more to borrow and if profits are suffering then job losses and cutting growth forecasts ensues. We are in for not only a financial crisis but a possible recession that borders on depression.

To stay liquid the whale may have decided to preserve some cash. To be sure now is not the time to be sinking money in equity markets.

This is not to say anything against investing in ZNOG as the upside potential is huge and we are on the verge of big news. Holding or accumulating at low prices with known risk could reward the investor bigtime.

“I speculate on the possibility but I invest on the probability.”

That is absolutely correct and appropriate. Given the dire signals for the economy and capital markets it is wise for Zion to pay heed to their investors and release news that will support the share price and grow the company.

Yes, we are in those last days now.

We are staring down the barrel of one of the worst bear markets since the Great Depression and the wild card is insurmountable debt both government, corporate, and personal.

Also, the Asian Bretton Woods is being formed which greatly fracture the East and West.

This will leave Israel in a very challenging position yet all things are ripening for her enrichment and new alliances will be created.

I believe the Jezreel Valley will become a massive oil/gas field. ZNOG is onto something imho.

Could be cloud cover as the same appears to the southwest of the drill site.

Good stuff tisdal

Doesn’t matter who you are at all in an online forum. It matters not to me o be sure. Speculation is based on risky resource stocks and this is one! Believe what you wish to believe.

LOL

I do like to speculate on stocks tho ;)

Who are you responding too? Lol

Freedom, this is an exploration resource company. Despite past share price this is a spec play. Speculation is absolutely normal and expected with resource exploration stocks who employ “Forward Looking Statements”. Especially those who now reside on OTC markets.

If you’re not speculating you’re not doing it right.

Right on brother. Too many signs point to commercial this time.

It always makes me laugh to see bears rage about Zion when the price goes down due to market forces but silent when it goes up.


For the bears
Castor oil, porridge, and gefilte fish

Modern prophets are a dime a dozen and might as well cast some shiny stones behind a curtain to foretell future events. Might be more reliable.

Bacon, eggs, and toast.

Lol!

You’re just a fuzzy little bear. Harmless.

SEC investigations can last a long time. Notice how Zion has a board of independent directors now. They are fulfilling SEC and NASDAQ requirements based on the derivative lawsuit and desire to eventually upgrade listing if commercial hydrocarbons are procured.

Some new IR Q&A time….My questions and their answers.

“Please pardon the delayed response. I did not forget you!

Here is what I was able to obtain at this point:


1. What function or purpose for Zion Oil&Gas will Frank Starr serve besides being an independent director?

Frank will serve on board committees and perform similar board functions as other board members. We added him to increase our percentage of independent board members and appreciated his experience.


2. Was perforation already performed pre-DST? What is “treatment of zones” mean? These types of questions I feel need to be given to shareholders as material events.

We cannot add more to what has been released publicly.


3. When will the restriction on insider buying/selling be lifted?

We do not have exact plans in place but will adjust upon the decision of management with board oversight based on many factors.


4. Can we get a bit more operational updates before the pending final results from MJ02 are released?

That is quite possible, yes. We cannot guarantee anything, of course; but as always, we will share material news publicly as it arises.”

Simply watch the markets. Plunge Protection Team is off duty even next year as Fed Williams gave the go ahead for continuing rate hikes. Gonna be a bloody September.

Because they were related to or prodded by bears here and on Yahoo. Could easily be a fellow bearish shorter or spurned investor. Simping for the Peaks.

Totally short the S&P right now as well. Nicely played JRyan.

Franks and beans

https://www.cnbc.com/2022/08/19/warren-buffett-gets-permission-to-buy-up-to-half-of-occidental-petroleum-boosting-the-shares.html

In other news the Oracle of Omaha now wants 50% ownership of OXY. What does that say about value investing and the price of oil or energy over the next ten years? Hold on tight!

Of course I did. Under battleship protection as well.

You’re ignoring the fact that none of those contemporaries share info if at all, on time with details, and some have been silent since 2019. Some are private partnerships.

I don’t believe Israel is restricting info release. It’s on the operator or license holder to choose so. Can’t claim a commercial discovery though but here is what I gleaned.

I spoke over the phone with IR for an hour today and the bottomline is that the lawsuit is responsible for the quietness now. Insider buying/selling is still in place and any PR of a big discovery would be given publicly first before any insider buying/selling is reinstated. IR is restricted from sharing anything beyond the news updates and PR’s as written. These news updates and PRs are intensely scrutinized by management before Dunn sends them out.

“So did we perforate yet?”
“Can’t say”
“Describe the treatment of zones please.”
“Can’t say”
“What will Frank Starr’s function and service be to Zion Oil&Gas?”
“Send an email and I will find out”

Wrt “encouraging shows of hydrocarbons” it was stated to me as an “illustration of what they can say” and that was telling.

If it wasn’t a Type 1 phase continuous show of hydrocarbons as a finger or filament from a reservoir than I don’t believe that illustration of what they “can say” would be mentioned nor carry such weight nor necessitate a completion nor enhancements nor stimulation.

Possibly a sense of urgency but are they really insider buys or just part and parcel the Corporate Compensation Plan stock options granted?

I see this as positive nonetheless.

Good find, thnx

“Conclusion”
“By virtue of the matrix acidizing approach, the investigated wells of diverse geological settings have shown a promising response with respect to (Skin Magnitude S) reduction. Removal of fine particles and debris from formations of limestone and dolomite through the matrix acidizing process could progressively increase oil productivity. Thanks to predefined mixtures of special chemical agents and acid additives, the curing of the formation damage has improved, thus reducing the (Skin Magnitude S) and enabling the removal of the flow limitations of the oil-producing area toward the wellbore zone of the reservoir. Well stimulation has successfully contributed in the assessment of the oil-producing reservoirs through the achievement of negative figures for (Skin Magnitude S) and (Skin Pressure Drop ?Pskin), as well as advancements in (Flow Efficiency FG) and (Stimulation Gain SH). Depending on the investigated geological settings and the operational conditions, the (Boundary Radius rd) was eliminated, and the oil production rates were enhanced upon well stimulation completion. Furthermore, a semi-analytical model for predicting the skin magnitude was proposed. It has revealed consistent results in comparison with the reference model’s expectations from the literature. The inclusion of the reservoir’s physical parameters as well the hydrostatic depth properly estimates, to a sufficient degree of extrapolation, the skin magnitude for vertical oil wells with diverse configurations or realistic formation damages.”

It’s 2-4 zones. Dunn already stated that in the ASM.

Have always found the sentence structure to be lacking. Should be a discount on that lol.

It would be a good thing. Not an awe inspiring thing but a good thing for shareholders.

More likely a partnership

Zion Drilling LLC
Zion Drilling Services LLC

With ownership of a rig they would follow the path of other partnerships where there is a separate owner and operator. Zion would become the operator and a bigger outfit would buy in to become the owner. This is common in Israel.

Good point KyOil

These statements need to be addressed.

Page 35 of the 10Q:

“On July 25, 2022, Zion submitted a request to the Ministry of Energy for a six-month extension to February 1, 2023. On July 31, 2022, the Ministry of Energy approved our request for extension to February 1, 2023.”

PR on May 11:

“DALLAS, Texas, and CAESAREA, Israel, May 11, 2022

Zion Oil & Gas, Inc. (OTCQX: ZNOG) files for a new exploration license in the Megiddo-Jezreel Valley on the same 99,000 area as the previous #401 license and the current #428 license.
….. Simultaneously with the new exploration license filing, Zion has submitted a petition seeking administrative approval of a term of three-years for the #428 exploration license under Israel’s petroleum law.”


Is it not required to be accurate wrt the PR stating they filed during early May but the 10Q stating they filed July 25? No mention of the new license approval or denial? No mention of 3 year term denial? What gives?

Correction on whale participant funding:

During the six months ended June 30, 2022, one participant in the “Request for Waiver” aspect of the DSPP contributed approximately 77% of the cash raised through the DSPP.

The whale funded 77% of the DSPP for Q2 vs 85% in Q1.

Funding is estimated to be dry by November 2022 rather than January 2023 based on the cash burn for testing and further work.

The asking for a 6 month extension on July 25th is not accurate. They asked for a full additional 3 year term for 428 and a wholly new license on the same 99k acres in the Moskowitz May 11 PR. Why the disparity here Mr. Dunn??

Thanks tisdal

Could set a new record for 8/12

I was sent the same exact email

It was an awesome find for sure and I was looking for a few rolls of 2021 Eagles at around that same time. Deal!