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yes they would not be working on the 9th of av- to respect local customs-remember dustin mentioned respecting ca 12 local holidays/year
the sec cannot dictate a dark period without an admin or court order and such an order would have to show a compelling interest/reason to do so since the basic fiduciary duty to keep stock holders informed remains -
so without such an order zn could be held liable for a self imposed dark period that does not have a reasonable purpose-
so far the period since june 19 last update is short enough that it likely complies w a reasonable purpose
but how do u get a straight pipe to make the turn including w the accidental 20 degree deviation already part of the hole-how long are standard pipe lengths?
thats a heavy duty pic for this site at 2.74mb-there is the big berm around the site which can block views
download the pic to whatever device u are going to upload to this baord
go to 'settings' on this board- 'my pics' choose 'browse' -browse to pic - 'copy' select 'upload' on this site-click on the 'embed' line like ratbike? said to highlight the line -
'copy' - open a post -click on image button to left of post
at which time [img] [img]will appear in the post
place cursor between the 2 [img]'s and paste
theres no reason for them to be working at night is there esp when working at night could increase the chance of injury
and the only person posting here who has been to the well area recently is parsons who was there only briefly
if they are not posting here there is no way for them to reveal it to us- since they are no longer drilling i imagine the romanian well workers have gone home
they are some distance from the nearest highway in a relatively remote rural area
like kyoil i dont carry a tune very well either, except in the spirit,but the ZN community is a very unique community on these boards where your spirit can be uplifted,where altruism-doing good- is actually alive-must be really confusing to those who dont believe
although 3 some miles from a peaceful section of jordan and 3-4 miles from a quiet area of the west bank, they are in a quiet corner 50 miles from the golan and a long ways from the gaza strip
a rural area with agriculture run by probably security minded kibbutz's
if they have a big enough field appropriate security measures would be introduced
but absent geopolitical considerations it should remain quiet
ownership by so many big firms is strong indication this is not a scam- but they/hedge funds etc may employ posters to pry cheap shares loose
they would be safer outdoors in the open
i remember experiencing an earthquake while leading a hike down a 'mountain decades ago -was strange feeling the ground move
remember the fiduciary duty zn owes to shareholders includes the duty to keep us informed- so do sec requirements-so sec "non public fact finding" will not be a large hindrance
bc otherwise they may find themselves in violation of that fiduciary duty esp if they try to raise money again without bringing us up to date
as far as blackouts go,only a blackout by israeli authorities perhaps for the geopolitical reasons jran mentions could delay news
we -those w any belief -and have seen the shareholder meeting videos or been there -know its not a scam-though some will claim a scam if dry well -not the same thing as a scam
agree 10Q should be on time by Aug 15
"I thought Guinn's response
was different in tone from his Dallas presentation. (My ears?) "
--------------------------------------------------------------
could be a lot of things-not in the zone as he was for shareholder meeting
answering on his phone-much less personal than face to face in a meeting
may have had mechanical issues? or just meant the entire year plus it took so far etc
too many possible variables
and the higher up u go the bigger the pipe-was it 3.5'' only at the bottom 500 meters when they had to wait 42 days for pipe from italy
assume if they did do semi horizontal offshoot it would take off from the main hole before the 3.5" pipe section started
if it takes at least 30 days to EWT an exploratory well then they are still on the combined 2 primary zones. otherwise kyoil and i thought they might be testing the 2 secondary zones
and something else great happened on friday -our favorite poster who probably works for mm broker or hedge fund trying to pry cheap shares loose didnt post on friday -board was much different without his non stop baiting posts - for which he probably gets paid per post,esp for those who direct link to his posts in responding
nice condensation-believes they will "succeed'- was td 16600 or 17000 as Dustin says in the video
watching it again-after watching full vid weeks ago-sounds like a spiritual battle-and since they honored respected Him and the local customs etc they got through
5026 m ca 16485 feet
5060m deepest figure i had heard before- ca 16597 feet -so maybe 17k feet is rounded
and the 10Q is due Aug 15-
so we will know everything that occurred til june 30 -the end of the quarter-when the 10Q comes out-
the 10Q will de facto be an operational update to june 30 at least-last op update was june 19
plus 10Q's often have a subsequent event section where certain items after the end of the quarter have to be revealed
zn said no effect on ongoing testing procedures and I would agree w that
non public-meaning,inter alia,not at the stage of a court action-just administrative-I was one of very few in law school who even took the one admin law course-at an admin hearing when i shook the hand of an attorney general he was sweating like a pig-i didnt understand why-it was no big deal
just some good old friendly fact finding-ZN noted it was 1st time they had dealings w sec- and given the high % of companies i've been in which had sec etc interaction would not be surprising
I do agree they will double check everything before releasing a PR-
ZN still has the legal obligation to keep us informed- and may suffer false accusation if substantive leaks are attributed to ZN before a PR-so ZN has to consider that also
https://www.otcmarkets.com/filing/html?id=12856777&guid=MYxoUegOh25Ch3h
Egypt told hamas to stop it days ago but hamas cannot-its their entire life-have to prevent Him from returning to a jewish ppl you know
https://www.haaretz.com/israel-news/israel-and-hamas-exchange-fire-in-gaza-palestinian-reports-say-1.6293272
an operational update would be nice if it were to be weeks
have to leave it to the oil experts jryan and kyoil to explain why so long-how long does it take to test flow - thought flow test would be 1 week/zone- PR months ago did say basic testing 7-10 days/zone
would earthquakes 30 miles north really affect testing or cause delays/fracking-we dont know how deep those quakes are do we?-
seems like they must be testing the 2 secondary zones of interest also?
a plan, a laudable purpose (very rare today) and a timing.
true-and no matter whether they are commercial or not the witness at the stock holder meeting etc made clear it was not a scam
you are right - there is no sec vs zn yet -only a request for docs-and sec has authority to issue an admin subpoena to facilitate investigation
if sec ever determined they had cause to file an action we would learn that- but we aren't there yet-and may never be- and nobody should have suggested we are bc that is misleading-not talking about you-just backing you up
might be the last post i have for a few hours- dont know if the 1 remaining post means this one or other than this one
yes 4.15 pps exercise price is heading in the right direction
https://www.otcmarkets.com/filing/html?id=12866066&guid=kn3oUqgiDmOYzyh
hope so-maybe the weekend would give them time to finish dotting the i's- or at least an operational update -as somebody queried a while ago the 9th of av is this weekend and w the desert blooming its time for the good guys to win one
ZN pps continues in a tight holding pattern from ca 3.12 - 3.29
ditto- planned chaos -not only longs but sometimes reps of mm's or brokers or hedge funds etc trying to pry cheap shares loose - esp when theres non stop baiting
it is just amazing how all the forces allied w fallen man work to prevent longs from having even 1 victory even though the market would fall apart without longs to steal from
did u ever receive my pm?
just to remind, as per this the accounting should be done for all years- i have an accounting degree and auditors are the most thorough people you will meet.
They often contact parties the business has had business with several times over months if need to be to get an answer
plus w complicated derivatives its possible for auditors to demand info several times. Its their reputation on the line.
It is also normal for Land use issues to be delayed-experienced that also in decades of land use planning.
as far as i know there is no statute of limitations running and as long as he keeps communicating and making promises that keeps the time periods open for redress of grievances imo
i assume the books were a mess
did anybody ever verify the law firm was working on the form 10?
i posted ralphs form 3 in post 21372 and showed he paid market price for the stock -avg of hi and lo market pps every day just like we do w the dssp program
i dont know-would have to look at form 3 again and try to deduce
https://backend.otcmarkets.com/otcapi/company/sec-filings/12118963/content/html
was not elected at shareholdermeetings in 2016 or 2017
https://backend.otcmarkets.com/otcapi/company/sec-filings/11434170/content/html
or 2015
https://backend.otcmarkets.com/otcapi/company/sec-filings/10756175/content/html
so i would have to read every 8k and 10q in the past 3 years-maybe farther back- to find out when he was elected and i dont get paid to do this unlike some
all of this hollering about ralph devores shares is nonsense and we've been thru this already w somebody else who you accused of getting shares free
the implication is that he got the shares free - i looked up the market prices and the pps he paid was the avg of the high and low every time on the nearest trading day-same deal we get w the dssp program
form 3 bc he came back and thus had to file form 3 -not form 4
and its not 350000 shares- its 153534 shares since 2016-the reported time he was on the board- and it doesnt matter how many shares bc it looks like he paid full market value every time so thats his business
https://backend.otcmarkets.com/otcapi/company/sec-filings/12687425/content/html
you know i knew you were going to say that AGAIN!!
what if he had cancer or something similar -it was in remission and he came back-and then the disease kicked in again
i was pres of a corporation in my 20's and30's and believe it or not all the directors retire by a certain age due to health reasons -all 15 of them retired- mostly for health reasons
the word says we have 70 years, 80 years if we have the strength
there is no story there
the below may remind us why the pps has been hanging just above 3-lowest at 3.05
w warrants at $3 showing up in accounts at about same time as sec matter - a double bang -it is what it is-some need money so if they can make a 25c profit by selling 3 dollar warrants, less the commission
for newbies benefit, co's do that bc they dont make a cent off of market trading
Item 8.01 Other Events.
On May 31, 2018, Zion Oil & Gas, Inc. (the “Company”) completed its previously announced rights offering. On June 11, 2018, American Stock Transfer & Trust Company, LLC, our Subscription Agent, provided the results of the rights offering. The Company will issue approximately 656,274 shares of common stock and 656,274 warrants to rights holders who exercised their rights pursuant to the basic and over-subscription privileges. The warrants will be issued and exercisable on June 29, 2018 and continue to be exercisable through June 29, 2019 at a per share exercise price of $3.00. The total subscription of approximately 656,274 Rights were purchased (including all of the over-subscription). The gross proceeds from the rights offering of approximately $3.28 million, less fees and expenses of approximately $220,000 incurred in connection with the rights offering, will be used by the Company to further its exploration and production efforts and as otherwise provided in the prospectus.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12807815/content/html
she apparently was appointed to replace the 80 yr old director who retired for health reasons
complying w reporting requirements as a new director
nice article-its hard to believe what some will do for profit at the expense of others-brings to mind other dark periods in history when each person did what he willed
we dont have any info to that effect and i think ZN would have mentioned that in their 8k filing below if that were the case
companies have a legal obligation to keep shareholders informed so i would think the sec would have to have a compelling interest to the contrary to restrict PR's and its just a fact finding inquiry at this point
I do think as a matter of commonsense ZN may take more time to cross t's and dot i's in a PR now
a past PR years ago re well testing that jryan posted not long ago was very involved and extensive so if ZN were to publish a similar update they have a lot of info to put together
https://backend.otcmarkets.com/otcapi/company/sec-filings/12856777/content/html
as noted there are 6 million short shares on zion, some of whom lobbied for the investigation,part of a large shorter toolbag which i've witnessed destroy or harm thousands of stocks and shuttered many companies.
congressional investigations showed short selling helped precipitate the great recession and so under congressional mandate such was prohibited in certain financial sectors for ca 6 months. Lehman didnt fall 62% in one day in the real world.
Companies mothballed huge projects that were 90% complete overnight as if they were expecting armageddon.
That destroyed my best friends construction company,forcing him in desperation to get into penny stock trading,continually begging me to join him (i had no interest in stocks whatsoever-less than zero- but to save his family and house i finally relented bc thats the only way i could maintain contact w him once that became his entire life)) so together we could make enough profit to save his house from foreclosure which is why i'm here as per the parable of the talents,but immediately after i joined in shorts and political considerations immediately took command of the market and we could do nothing except lose money despite my 1000's of hours of dd.
Before shorters took command w aid of unprecedented unconstitutional private public takings political machinations he made a 40 fold return in 6 months on his small investment. without any dd whatsoever.
So due to shorters he lost his house,he couldnt afford medical treatment and is now brain damaged and doesnt know who i am and his family was captured to a cult without my ability to continue to minister to him. He disappeared and i didnt know where he was until a mutual friend reported the latter w his present unreachable location due to the cult being 1000's of miles away. So now his family will pay eternal consequences due to being captured by the cult-i was the only ne w the ability to reach him-something god has used me to do w many my entire life as the only known in the nation to suruvive what i went through growing up in a cult without giving in, including thousands f assassination attempts. I've watched as the noisy shorter artillery barrage non stop multilevel lies has captured many to the dark side on these boards, operating w the same master and tactics as the cult leaders craft.
When i reported such to shorters they said that only encouraged them all the more and they would redouble their efforts to destroy.
Although the natives have a different long view the pilgrims didnt come to america to destroy. It was a unique work ethic that built this country-the strongest empire in history due to the original generations faith in God, by hard work, not by destruction.
betting on failure is not the american way that i know of until perhaps segments of this last generation who are trying to destroy the freedom their ancestors paid to build.
I was so disinterested in the fraudulent stock market that i didnt even know shorters existed until my friend dragged me in,despite multiple doctorates and couldnt believe such was tolerated let alone applauded. I hope he comes sooner rather than later.
exactly-and until the unprecedented filibustered rolling new political appointments still ongoing the agencies were very happy to oblige