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Well perforation yesterday 6/21 and oil is surging forth calling in the tanker transports to hold it all :)
That would be stellar great but I doubt it. MM's don't compete against one another and both Vanguard and Blackstone are loading up to go long...
Question for KyOil & other experts: With modern well testing equipment, supposing ZN has a very successful artesian powered flow test, will it be necessary to remove by tanker truck all the oil collected or is the well flow held in check? I know ZN has a large separation tank but will it be large enough to hold it all during an extended test? I ask this because its hard to hide from the public eye multiple large tankwagon trucks hauling away black gold. Do companies hire trucks to hold and haul away large quantities of oil collected during new well flow test?
I know and absolutely agree. However the deceiver is an absolute parasite and will leach on. he is not dumb
Update stated testing could begin as early as June 21st. Could zones 2 & 3 been perforated yesterday allowing for timed flow test be in process over the shabbat without any active "work"?
Next 13F will Soros be largest holder? I truly pray not, but 2 out of 3 of the largest funds have already invested in ZN so why not George? Soros did invest in ZN in the past and I'm 100% sure his fund managers have analyzed the very sizeable increase in ZN positions by Vanguard and Blackrock.
Sleepy vakay Fridays are a good day for a sizeable ZN mm push up to $4
My take: 2 days in row we witness late day run-up spikes only to retreat - or maybe not tomorrow.... MMs are setting the perfect trap for a series of big successive jump JUMPS in quick order. When we jump from today end of day price to another 10% gainer going to 3.70 how many will flip and sell only to wake up the following day with ZN opening at $5+ ???
Time to go long. The new MMs to ZN want their just rewards too.
That would be the 300 meter porous formation found between the relatively shallow 5,000-6000 depth range in ZN's well bore. Genie found this same formation in their well. Genie only had a small drill and they likely could barely touch 8-9k feet down max. Thing is with ZN's well, the multiple detected fault lines and w/fracking help may just allow ZN to "tap" the oil & gas under the 10k foot shale cap and allow it to transfer/flow up to this 5k-6k humongous reservoir! It would be so easy for ZN to drill hundreds of shallow 6k wells allowing for a massive pump farm operation. Why else would that huge reservoir be there right? And fulfill the words as it has been written...
Best guess of depth for zones 2 & 3? I would say zones 2 & 3 would be from 11,000 - 12000 ft right after they broke through that hard as steel shale cap.
Unstable and just 6" diameter! That is some kind of amazing pressure coming up out of ZN's bottom well. Almost unheard of imho. Remember 6" is a VERY restricted size well bore to be causing all this consternation all the way up the bore.
Completely agree. Super positive report AND they left door open to report as soon as they complete this next test. Seems State of Israel is pushing for an update too! Its all in His perfect timing :)
It will be very very interesting to see the updated thru 6/30/18 10k to see which funds have held, increased and sold their holdings. Gut check and ZN on sale :)
It will prove to be an inadequate comparison :) selah
Takeaway on your Saudi Arabia vs Israel size perspective:
First, thank you for the excellent visual graphic size comparisons. Overall, as shown on your maps, Saudi Arabia's oil reserve pumping fields are actually a relatively small portion of Saudi Arabia (5% my estimate). Of this 5%, did you know that Saudi Arabia's reservoir oil fields average only 25-35 meters deep of what is considered the PERFECT porous reservoir rock (keep in mind that this depth of 25-35 meters/100ft pool is actually considered a fabulous reserve size so I'm not discounting this large pay zone). What is very interesting is that per the early updates provided by ZN last year, their well bore in Israel encountered a whopping 300+ meter deep potential oil reservoir consisting of the VERY SAME perfect porous rock found in Saudi Arabia - that's 10X the reserve depth size of Saudi Arabia's fields which may be the GREAT equalizer. Per ZN's updates last year their incredibly large potential reservoir was found at 5,000-6,000ft of their well bore. Also keep in mind that this relatively shallow depth is very easily to drilled (they can use much smaller and cheaper dime a dozen average drills found all throughout the world - so they very well may not need in the future their current leased super expensive and VERY LARGE Romanian rig to drill additional wells. ZN may not have discovered live oil at this 1000 ft potential pay zone depth just yet, but remember ZN HAS detected MULTIPLE deep fault lines that FEED into this HUGE potential reservoir (the POWER OF FRACKING BABY is STIMULATING and AMAZING to behold)... the BILLION dollar question is when will the oil actually FILL their huge ZN reservoir? ... LIKELY only after the well has been properly stimulated & perforated. Pumps don't work until primed! -Selah to the shorties
Love the insight! Never saw that before. I bet John Brown could relate :)
Re: "Largest Oil Field in the World" I have heard this mentioned many times over and am wondering who in the "know" spoke this truth. I personally do believe it to be true but have yet to find the source.
Up on low volume. NICE -could we see $4 today?
Thanks for the update KyOil and welcome back.
Excellent KyOil post here: Blessings to all on the board. I've not been on the board since last fall when ZN announced a drilling delay in order to upgrade "well control". At that time, I stated that the well control upgrade was an indication that a high pressure well had been found, and therefore with that conviction, increased my long position as high pressure means at least gas and probably oil. And now, wow, 7,500 psi with oil flowing to the surface when circulating mud! What great news! Apparently, ZN had to go the North Sea suppliers (Scotland) to get at least a 10,000 psi BOP last fall.
A thought on what that pressure means for a 16,600 foot deep well. Its true that the static (no moving fluids) pressure at the bottom of the hole when filled with salt water is almost 7,500 psi, which would come close to "shutting in" the well. However, when gas/oil/water mix is moving up through the well, the specific gravity of the mix is considerably lighter than either oil or salt water. The wellbore fluid pressure exerted on the formation is a function of the volume displaced by each of gas, water, and oil. We do not know those ratios, but from my experience with "gas lift" wells there should be plenty of head room to bring the oil to the surface free flowing. If true, the MJ#1 will have natural gas lift and will therefore not need expensive artificial lift (until the pressure drops with time). Even with only a slightly higher formation pressure of 7,500 psi above the static wellbore fluid pressure (7,300 psi maybe with a 16,600 ft column of salt water), the gas will start flowing to the surface and lower the pressure the wellbore fluid column exerts on the formation. This will lead to increased flow and lower still opposing pressure, and therefore a need for valves at the surface to restrict flow to avoid a run away condition. In the depleted fields of KY we do not have that advantage, but have to inject gas to move the liquids to the surface.
I really appreciated the insights shared from the board members who attended the shareholder meeting. Your comments confirmed many conclusions I had already come to, and offered new insights that I had not thought of. I remain very long and am looking forward to great news being announced in the next few weeks.
Great post MrBojangle. Natural gas is the most underrated aspect of ZN's super HP well and Israel's economy is easily accessible.
What was the exact statement made about 7500 psi and who said it? Thanks in advance
A long test timme can be positive. PRs have to be very intentionally ambiguous until official announcements are made.
Today's action could be the rights offering early tally has proven VERY SUCCESSFUL and the MMs have gotten wind and decided to cover and "let" their late-coming buddy MM's in on the action - yeah they do that. MMs never compete against each other. Cardinal MM rules: NEVER COMPETE, work together to accumulate and short, live to fleece retail investors.
Take careful note that ZN was not desperate to push the rights offering with aggressive late May PR's (would have been nice though). What does this tell us? That ZN is not too terribly worried about finances or selling warrants at what they likely know is an extreme discount. ZN is confident. The faithful that wish to support ZN have done so. Cascie you will be very surprised how successful the rights offering was in spite of today's price. ZN knows finances will not be a problem. He provides and rewards. What are the premiums going for on a 1 year $3 call? :)
-Selah
Back over $4 by Friday. Whales have been collecting and now its game on once loaded up.
Yes it is. Well said.
Get ready for the coming PR everyone...
ZN sure did miss a great opportunity. A PR of something/anything would have helped.
ZN NEEDS to give the market an update/and/or provide additional & promising flow testing pictures SOON - early next week is a holiday and if one desires to sell some ZN stock to oversubscribe 10X then it takes 3 days for settlement of sales proceeds - so you need to sell by April 25th to allow for settlement May 30 and subscriptions go that night or at latest 31st but not guaranteed. Its absolutely NECESSARY should ZN desire the rights offering to be a HUGE success. Think about it - one great PR update and the rights offering will completely sell out resulting in 45 million raised not 10 million if ZN can't provide additional information. I think ZN has a PR update in store for sure for a final encouragement before expiration next week. They would be foolish not too.
Aside: Testing bottom up makes most sense AND one generally tests the most promising zone first. ZN's tweeted out yesterday that they want to update us as soon as possible so they could give updates one by one - not likely but it would DEFINITELY be in their best interest!
Lol cascadie is working late and sounding a bit desperate. Short cover plans have been interrupted eh with the activities taking place today on ZN's well site? Lol. Just wait till the end of the week! Zn-kaBOOM
Shalom,finally back! PERFECT timing on FB post. Normally you test your most promising section first and if that HP hole in the ground fills up that collection container during test flows in matter of minutes look out. They will have to start hauling the oil away off-sight to keep up with production WORD is going to get out QUICK even without a ZN PR update! Big smiles and GOOD news travels fast. The mother of all short storms is brewing! Glory!!!
I have been put in jail for posting Bible scriptures about Zion Oil which is 100% based on Biblical prophecies. Guilty as charged.
Zion Oil vision statement:
https://www.zionoil.com/vision/
I can't post the actual text because it contains scriptures oh the horror!
Look Genie only drilled 9-10k feet down (little drill) and had shows of hydrocarbons - what they were excited about was what their wire logs likely showed as they could "see" the shale cap and promise of what lies underneath. This is the shale cap Zion successfully drilled through. If ZN's dscovery is huge perhaps the next door Genie Golan discovery will be the "hook" justification used to attack...after all Syria still claims Golan & murky international laws are sure to come into play.
When WORD of the oil now flowing in ZN's well starts leaking out - WATCH OUT! Big boy MMs super-computers pick up on real buying pressure and short warning alarms start going off... Today's close is going to be fun!
TODAY the OIL is FLOWING. Watch STOCK PRICE.
News travels fast - even without words lol BIG SMILES today :)
FYI: last night the volcano in the center of the Ring of Fire erupted shooting lava over a hundred feet in the air. Nearly 1,500 residents were ordered to evacuate after Hawaii's Kilauea Volcano erupted, sending molten lava to chew its way through forest land and bubble up on paved streets.
Volcano officials said they couldn't predict how long Thursday's eruption might last.
https://www.google.com/amp/s/www.cbsnews.com/amp/news/hawaii-volcano-eruption-spews-lava-high-in-air-into-leilani-estates-2018-05-04-live-updates/#ampshare=https://www.cbsnews.com/news/hawaii-volcano-eruption-spews-lava-high-in-air-into-leilani-estates-2018-05-04-live-updates/
Thanks even better yet. Are we due for a soon pending short attack? Being lulled to sleep watching paint dry with little to no selling? Only reason to coordinate a short attack to say $3 again is to take out stop loss sellers. No ZN long is going sell otherwise, sub $4.00 break even rights offering...
Perfect ZN storm brewing mid-May:
1. 5/15/18 updated super BULLISH complete 13F's showing actual fund investment growth, 5/14/18
2. 5/14/18 70th Israel anniversary with Jerusalem as capital blessings
3. Trump/Cyrus likely to be in attendance
4. John Brown/Ezra likely to be in attendance
5. 5/18/18 Feast of Shavuot/Pentecost (let the anointing OIL spring forth)
ZN has EVERY reason to release GREAT news sooner rather than later. Even if they have not completed all 5 test, with the pending rights offering expiring, the PERFECT time to announce a DISCOVERY would be mid-May while the nation of Israel is celebrating her 70th anniversary and ZN rights holders have time to respond w/oversubscriptions.
FYI: Does everyone on this board know that Israel was founded on the very day of Shavuot May 14/15th 1948? Well it just so happens this year 2018 Shavuot/Pentecost falls on May 18. Great things have happened to Israel on Shavuot in the past such as:
1. giving of the Law on Mt.Sinai
2. HS outpouring Pentecost
3. Rebirth of Israel in May 14, 1948
4. AND *soon to be mentioned Lord willing* is Hashem's favor upon ZN with an outpouring of oil like never seen before to bless not only Israel and the nations of the world.