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It boggles my mind they have been sitting for 6 months and yet the REAL testing is just seeming to begin??? I thought they had testing equipment on site after completion? Did they complete and do simple test last fall and then cement & install liners and now testing again with even better equipment??? Took a while to get it all shipped to Israel for the final testing I guess...
DJ you think fracking MJ2 will come after the initial flow testing? I would have assumed they already have natural flow testing results by now perhaps not because now we see the flare stack? Would love to know what flow & pressures they are gathering!
KyOil does it surprise you that it took this long to get a flare stack shipped and installed? Can you explain what a production battery consists of? Would you expect to see more temp tanks set or do you think the existing 3 will be utilized for testing?
Could either be extremely bullish or could be shorting at the top with high volume over 28 cent price so they can cover later on the spread. Curiously we left a small gap at .2649 yesterday and opened today at exactly .2650 (normally all gaps are targets that get filled). However this is curiously a very small gap... In the past climb up in price the MM's algos did not leave gaps.
Nice! Recent change of heart (but note underlying sentiment). Natural gas is ok but oil???? Will soon find out
https://en.globes.co.il/en/article-israels-energy-ministry-to-launch-new-offshore-licensing-round-1001413629
Fracking operations in the past have required numerous tractor trailer rigs with imported tanks, compressors etc.... I don't see them this time in recent pics... would this mean they are likely only fracking a small section in the very deepest zone and less equipment is required this time?
This link shows 3 large holding tanks behind ZN's rig in addition to the red oil water separator. Do the 3 very large holding tanks look to be for part of ZN's operation or part of the kibbutz farm potentially grain silos?
http://stocktwits.com/Chadster123/message/462659411
KyOil can ZN continue to run all the same tests with the Christmas tree & BOP installed or does ZN need access to the open hole?
I guess I'm asking if you think they are both still installed now during the current testing phase? Is it normal for large on-shore wells to leave a BOP in place during production or practically unheard of?
Specifically would the installation of Christmas tree & BOP only come after all production liners, casing & cementing & fracking were completed?
Lol KyOil lol
Great questions Kyoil! Thank you
Nobody in their right mind would worry about "appeasing" Russian interest given the atrocities in Ukraine. Gazprom partnership would be an albatross and thankfully currently Gazprom is not at all partnered with Israel.
Gazprom? Lol not in a million years unless Putin is removed, they apologize to the world AND Gazprom's royalties 100% first pay war reparations to repair Ukraine.Even then still NO WAY the most unholy of partners!
A lot has changed since then with 2019 Trump's official recognition of Golan as Israeli. Anyhow, ZNOG may be able to tap into same potential through lateral wells from undisputed Israeli territory (and part of ZN's existing lease).
https://en.m.wikipedia.org/wiki/United_States_recognition_of_the_Golan_Heights_as_part_of_Israel#:~:text=The%20United%20States%20recognized%20the,over%20the%20Golan%20Heights%20region.
KyOil can you recall if ZNOG ever confirmed similar formations? Maybe not MJ1 but Elijah?
Under Megiddo New, I see 8/1/22 as expiration date.
KyOil not sure if you recall this article mentioning Genie confirming finding oil in the southern Golan Ness region?
https://www.haaretz.com/israel-news/business/.premium-genie-confirms-report-of-possible-big-golan-oil-find-1.5407615
In the article they mention encountering a 350 meter deep formation (10x the reservoir depth found in Saudi Arabia). How would this discovery not be financially viable for them to re-visit now given current prices? I'm curious if their lease has expired. Anyhow, ZNOG's MJ1&2 well isn't that far away (20 miles or less) and their lease runs NW even closer to the Southern Golan Ness region should their science lead them in that direction to drill in the future...
ZN may have already encountered a similar formation at similar depth if geology is mostly the same. JB mentioned the Genie discovery in a 2016 ZN press release but I'm still not sure if anyone at ZN confirmed in a podcast or pr if they found similar formations in their well bores at the 5-7k ft depth? (Genie had a smaller rig and I think they stopped drilling at 7-8k meters down)
Maybe our geologist mentioned in a podcast? You recall anything? I distinctly remember this topic being discussed and even more excited because the 300 mt porous limestone formation was also perfectly paired with a hard rock cap that would be able to serve as a perfect cap to such a formation reservoir trap. KyOil anything you can recall add greatly appreciated.
ZNOG would never sell out for sure! NBL was the real deal and sold out to Chevron way too cheap... I still scratch my head on that inside arrangement.
Great article find Kyoil. Interesting to note the oil consistency "changed" signifying a new source. I think likely seismic induced by new fault line fissures finding a way to release pressure from the depths. I also recall back around 2018 many northern European oil fields (Norway & UK i believe) were pleasantly encountering unexpected increases in production - not sure if super significant or still experiencing same benefit.
https://www.usnews.com/opinion/blogs/on-energy/2011/09/14/abiotic-oil-a-theory-worth-exploring
Another good read regarding Saudi Arabia & successful deep well drilling. The Manifa Drilling Team set a new record in December 2011 when it finished drilling the longest well in Saudi Arabia to a total depth of 32,136 ft (± 9.8 km) and completed a horizontal power water injector across the Lower Ratawi reservoir.
https://www.offshore-energy.biz/saudi-arabias-longest-well-drilled-in-manifa/#:~:text=The%20Manifa%20Drilling%20Team%20set,across%20the%20Lower%20Ratawi%20reservoir.
Of note, Russia holds the record with their Kola Superdeep Borehole SG-3 deep well (trying to prove out the Abiotic Oil Theory imo). In terms of depth below the surface, the Kola Superdeep Borehole SG-3 retains the world record at 12,262 meters (40,230 ft) reached in 1989 and is still the deepest artificial point on Earth. (they didn't find anything of real value and temps became too hot to continue)
Good read on Ghawar describing how water injection is now needed to get extra lift to help suck oil out more easily. In the early years, the wells free flowed oil to the surface due to internal pressure (oil is lighter than water and evidently the water was pushing the oil up in a sense providing artesian lift). Curious to note, in several accounts when drilling the original wells in Saudi Arabia (down to 13k meters) they only encountered free flowing extremely salty water.... until they finally breached the oil trapped in the depths. Zion similarly has thus far only encountered extremely salty brine water until seemingly MJ2....
http://theoildrum.com/node/2436
Info found in pdf e-book online "Energy to the World - The Story of Saudi Aramco" here (scroll down to find pdf downloadable ebook)
https://www.aramco.com/en/investors/investors
and physical book found on ebay "Twilight in the Desert"
-The unknown souce for the artesian oil springs that fill the upper caverns at varying rates (now helped greatly with high pressure sea water injection pumping operations) are the reasons for Saudi Arabia's crazy reservoir size estimates (vary greatly as it's not just a traditional trap reservoir that is pumped out and depleted)
What if ZNOG has found a major gusher under extremely high pressure but is having a very hard time "quantifying" the size of the reservoir because the true "source" is yet unknown... much like Saudi Arabia's Ghawar true "source" of oil.... Seemingly endless artesian oil springs from the depths keep filling/replenishing Saudi Arabia's Ghawar caverns with oil (although recently to keep pressure up they have resorted to more and more high pressure water injection to maintain current levels of oil lift).
My point is Saudi Arabia still can't truly quantity their oil reserves because they don't know their true source spring either... An interesting predicament for ZNOG if similar circumstances are found. Very hard to test! How would ZNOG & Israel legal review handle this question?
Thank you luscious for confirming the vision statement change. I think this is the reason for very strong Friday close.
Does anyone here on this board have a readily accessible link to past ZN news releases when they spoke of encountering the 300 meter porous rock formation at lower depths? Please repost if you have it handy. Thanks in advance friends
More "food for thought" Zion Oil may NOT have to drill hundreds more deep/expensive wells to get their oil out! An EASY way for ZNOG to potentially inexpensively access vast oil reserves from the great depths of 18,000ft plus but without having to drill hundreds of additional deep expensive wells exist? May sound incredible to some but this is a real possibility and here is how it can be done:
Remember from previous MJ1 results, we learned that ZN encountered a HUGE 300 meter limestone porous rock cavern (at the inexpensively & easily reached depth of less than 7,000 ft!). This perfectly located potential reservoir was also noted excitedly by ZN to also be perfectly capped with a hard sealed rock cap (making for the perfect reservoir to hold VAST amounts of oil fed from high pressure well bores & natural fissures from the depths of 18,000ft). Is ZNOG prepped for success perfectly? We may just need to tap the high pressure depths at 18,000ft and let it fill the reservoir at 5,000-7,000ft!
BTW this is just like how Saudi Arabia pumps their vast reserves of oil out of Ghanwar (but they have only a 30-50 meter deep porous rock reservoir vs our potential reservoir which is up to 10x larger!!! (albeit ZNOG's is not filled with oil yet that we know of but the potential is there).
Everything is coming together as planned.
Anyone know if ZionOil recently changed their mission statement banner on their website to "Drilling for Israel's Political and Energy Independence"? Seems to me this was a recent change but not sure? Thanks in advance friends
https://www.zionoil.com/
NEW to DUTV? Here is a great place to start your DD. Click on all the latest recent press release links here:
https://www.otcmarkets.com/stock/DUTV/news
Also be sure to follow Mark Gaalswyk on Twitter!
Love this stock. Gonna retire next year. Serious
Excellent insight KyOil. Very intriguing ??
Israel's current cold war with Russia regarding Syrian strikes to eliminate Iranian terror weapons (really ticking off Syria & Iran some of Russia's only friends now) and Israel's support of Ukraine are serious political considerations. Israel may very well be hesitant to announce a major oil discovery in Megiddo until they are fully prepared. Russia is turning up the heat on Israel publicly announcing they believe the Golan belongs to Syria. My point is Israel is in a precarious position with Russia and Israel announcing a major oil find would further encourage Russia to encourage nefarious attacks on Israel.
Another nice natural gas discovery announced today. Slowly but steadily Israel is transforming into energy powerhouse. ZN on deck to bring in the oil.
Preliminary analysis indicates that the Athena discovery contains 8 BCM of recoverable gas.
Energean (LSE: ENOG; TASE: ENOG) has announced a gas discovery at commercial quantities in the drilling it carried out in the Athena exploration well in its Block 12 license. The company says that preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 BCM.
According to the company, this discovery is particularly significant as it de-risks an additional 50 BCM of mean unrisked prospective resources across Energean’s Olympus Area, giving a total of 58 BCM including Athena.
https://en.globes.co.il/en/article-energean-reports-new-israel-gas-find-1001411308
This MicroCap Daily presser is kinda a big deal. Been a long time since we have had coverage and its a good "just the facts" article. Thanks for sharing JD.
This is a very important test. We just filled the gap left yesterday at .199 would be very bullish if we continue to climb back over 20+
exactly
yeah but not real buys.... looked a whole lot like shorting at the top with high volume. Time will tell tho...
agree
Bullish. See today's ZN insider buy of 400,000 shares by Michael Crosswell?
https://ih.advfn.com/stock-market/USOTC/zion-oil-and-gas-qx-ZNOG/stock-news/87857639/statement-of-changes-in-beneficial-ownership-4
Timeline: Israel and the world are settling in for Passover tonight/next week so not likely much "news" coming from ZN next week (likely taking advantage of this time to let the test zone free flow). First Fruits is this upcoming Resurrection Sunday 4/17 & then Shavuot follows in 50 days culminating 5/5/22! The HS/OIL outpouring confirmation on Shavuot... tick tock!
YESSSS!
First fruits season is upon us indeed! All is perfectly in accordance to His plan. Hard to imagine the pps is still under .14! I loaded up more this past week. Signs are all upon us.... but still waiting for one big sign before going all in. Might have to top off 1 million shares soon!
When official on site visit with Israeli officials & ZN big dogs? I would assume this week before Passover starts tonight? Good time to open up that wellhead Christmas tree and let the oil flow freely for a week.