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Getting exciting now as flows can be detected while cleaning out well bore for wire logging. Analysis is drilling was really slow going - like 60ft a day... good or bad all I know is that God has his own timing to bring forth the flow at His appointed time and Purim (restoration of Israel/Opec's evil Haman plan turned on its head) is coming up Feb 28. Keep in mind that in order to wire log they must remove the mud and this will LET THE OIL AND GAS spring forth as the mud offsets hydrocarbon flows with mud counterpressure. Its God's ZN GO TIME!
I am curious about the finishing of the well. After Zion reaches TD and cases the walls will they do any immediate flow testing or will they likely wait until after all the fracking equipment arrives? Is it normally a 2 step process? Also what happens if the hole is filling with oil when they go to wire log the open well? Expert advice is much appreciated.
Big Ole Flares from the cleaned out hole prior to wire logging should be fun to capture at night... due Lord-willing anytime now. Good read:
http://www.geomore.com/electric-logs/
Electric Logs
Logging TruckElectric logs are one of the most important data sources available to the petroleum geologist.
After a hole is drilled, the geologist needs electric logs. The logging company will be called. Soon, they will show up with the logging truck. An electric-logging truck is a very advanced scientific laboratory on wheels. Using the truck, the logging company will lower logging tools into the hole on a wireline. The wireline is spooled out the back of the truck, over a pulley which is temporarily attached to the drilling derrick, and down into the hole.
Electric logging tools have several things in common, no matter the type. The tools are assembled on the location into a long, heavy pipe-like structure, 20 to 90 feet long. It is narrow enough to go into the hole, which is usually about 8-10 inches in diameter. The tools are lowered into the hole on a “wireline,” a thick, flexible sheathed cable that supports the log string and conducts electricity down to the “tools.” The wireline transmits the tool readingsLogging Truck Cutaway back up to the truck.
The truck carries several miles of wireline on a large spool mounted at the back of the truck.
There are hundreds of different kinds of electric logs, and the petroleum geologist will select the ones that will give him the the best data about the particular hole that is being logged. Common types of electric logs include gamma-ray, caliper, resistivity, density porosity, and neutron porosity. Different tools are usually “stacked” together if possible, to make fewer trips into the hole.
Logging Tool Cutaway View
Logging Tool Cutaway View
After the data is gathered, the logging engineer will produce a long piece of paper called an “electric log.” “Electric log” is a general description for any of several kinds of logs. Petroleum geologists get much valuable information from electric logs, including rock type, porosity, presence of oil, water, or gas, and many other things. The electric log is the most important tool of the petroleum geologist.
On the other hand, electric logs are not fail-safe, and the results must be interpreted by an expert, with an extensive knowledge of the field conditions.
If the electric logs indicate that the well contains oil or gas in sufficient quantities to be economic, the PG will order that the well be completed. This is not a decision to be taken lightly, as completing the hole may double the cost. The day a petroleum geologist is forced to plug a well is a bad day for him. But sometimes this is necessary to minimize losses and avoid throwing good money after bad.
Timing of Electric Logging Operations
Virtually all open-hole (no casing) logging takes place in the middle of the night. This is because the production foreman, in charge of drilling operations for the area, will conspire with the drilling contractor to ensure total drilling depth is reached around 9PM. This always ensures the geologist will stay up all night.
It will take a few hours to circulate the hole clean prior to logging. After “rigging-up,” the first tool will go in the hole about 1AM. The logging job will then last at least until daybreak, no matter how simple or complex. If very complex, the job will not end until day break the following morning. If the hole is in bad shape (caving or otherwise), it may not be possible to get a log at all. This will make completion considerably more risky.
In contrast, cased-holed logs (logs run in a hole lined with steel casing) are always run between 10AM and 3PM, with a generous lunch break in the middle. This is because cased-hole logs are usually the domain of the engineers and production foreman, and no geologist is needed to “watch” them.
The Gamma-Ray and Resistivity Log
Take a look at the picture of an electric log below. This is the log from a “resistivity run,” using a combined tool “stack” (several tools attached together). The stack may consist of a a gamma-ray tool, a caliper tool, and three different types of resistivity tools. The log generated from this run is called a “gamma-ray/resistivity log.”
Resistivity log
The Gamma-Ray Portion
The gamma-ray tool reads natural gamma-ray radiation given off by rocks. Shales release a lot of natural gamma-rays, so they read high on the gamma-ray log. Sandstones and limestones do not release many gamma-rays, so they read low. The gamma-ray log is shown on the far left side. The scale, calibrated in gamma-ray API (American Petroleum Institute) units, is at the the top (0-125). There are 10 divisions on the gamma-ray scale, so each division=12.5 units. If the curve (wiggly line) should run off the right side of the log (a lot of gamma-rays), it will reappear on the left. If the curve reappears on the left, the “backup scale” (125-250) is used to read the value.
The thick black horizontal lines drawn on the log represent 10-foot depth sections. The thinner black lines between them are 2 feet of depth each. I drew a thick blue line on the log at a depth of 14,600 feet. This is the top of a sandstone. “Picking” tops is a very important part of reading electric logs.
Look just below the blue line, and you will see the gamma-ray log is reading about 15-20 units. This low reading indicates a sandstone or limestone. Now look above the thick line. The gamma-ray is reading about 62 units. This indicates a shale formation. Sandstones and limestones are usually easy to tell from shales when you have a gamma-ray log, because the gamma-ray readings in sand or lime are usually less than about 40 units. Really clean, nice sandstones or limestones (the kind we’re usually looking for) often read 20 units or less.
The Resistivity Portion
Now look at the right side of the above resistivity log. There are three curves here. Each curve measures the resistivity of the rock, including the fluid contained in the rock. The reading is made in “ohms,” which is a measurement of resistance of the rock formation to the flow of electricity. Porous formations containing mostly salt water (the kind of water normally found deep underground) have low resistivity, often just a couple of ohms. Formations that contain oil and gas have higher resistivities…perhaps 50-500 ohms.
Perforating a salt-water zone is expensive and wasteful, and the PG wants to avoid that! That’s one purpose of logging. The vast majority of deep porous rocks hold only salt water!
The three curves each electronically “look” a different depth into the rock.. The one we are interested in is marked “Deep Resistivity,” and is drawn as a line with long dashes. This logging tool “looks” sideways into the the rock, to a depth of 6 feet or more. At this distance from the borehole, the natural oil or gas in the rock is usually undisturbed by the drilling process, so we can get a really good resistivity reading. Within the sandstone shown here, the deep resistivity reads up to 300 ohms. This very high resistivity indicates a reservoir that may contain oil or gas. But to be sure of this, we need to know something about the porosity of the rock, so we need another type of log. That’s because rocks with little or no porosity also have very high resistivities, but generally will not produce any oil or gas (There is now an exception to this. New technology has made it possible to extract oil and gas from formations that could not be economically produced 10-15 years ago. See Shale Gas).
Another Log — The Porosity Log
Now, let’s look at a second log, the “porosity run.” On the left is a log you are familiar with, the gamma-ray log (solid line). It is so useful it is usually run on every logging trip into the hole. Near the gamma-ray log is a “caliper” log. This simple log measures the width of the drilled hole, in inches. The caliper scale is at the top; 6-16 inches, and the curve is shown by a thinner, dashed line.
Density-Neutron LogNotice that the hole is very large through the shale formations (almost 16 inches) and narrow through the sandstone (about 8 inches). This is because the shales are relatively soft (as far as rocks go) and they have been “washed out” (the hole has been widened) by the circulating drilling mud. The sandstone is harder, and does not wash out so easily, so the hole size shown on the caliper is much closer to the actual size of the drill bit. In the sandstone, the hole is a little more than 8 inches in diameter.
On the right side of the log are two types of porosity measurements — density porosity and neutron porosity. These measurements are taken from two different tools.
The scale at the top of the log shows (negative) -10% porosity on the right, 0% about 1/4 of the way over, and 30% porosity on the left. Clean sandstones have an absolute maximum of about 28% porosity. Shale porosity is much higher, but because the grain size of shale is so small, oil or gas trapped in shale cannot usually be removed by drilling for it (the exception is horizontal drilling in shale gas formations), so shale porosity is generally not important in a conventional well. Mixing shale into the sandstone formation also screws up the log readings!
The Neutron-Density Portion
The density log tool contains a highly radioactive gamma-ray source that is beamed into the formation. A radiation counter is mounted higher on the tool. Radiation passes through the rock and is recorded by the counter. If the rock is heavy and dense, few gamma-rays reach the counter. If the rock is light and porous, like many sandstones and porous limestones, a lot of gamma rays reach the counter. The curve is mathematically adjusted until it reads approximately “true” formation porosity, and this is recorded on the log. In the sandstone above, the density porosity is about 18-24%…..in other words, 18-24% of the rock is made up of holes ! That’s a very good thing!
The neutron log is a type of porosity log that measures the hydrogen present in the water atoms in a formation. Since shales contain a lot of water, bound up tight in their tiny pores, the neutron log reads very high porosities in shale formations. So, the PG must look at the gamma-ray log first to see if the rock is shaly. If it is, the neutron porosity doesn’t mean much!
Look above the sandstone on the neutron log, and you will see that it is running “off-scale” to the left. When gas is present, the neutron log reads low porosity (in this case, 8-12%), and there is a big spread between the density and neutron curves. This spread (I colored it yellow on the log) is called “gas effect.” The presence of sandstone also causes the two curves to spread, but not nearly so much as gas effect. Geologists like to see gas effect!
The resistivity and the neutron-density are just two of the many types of electric logs, but they are very commonly run.
Putting The Log Measurements Together
Logging a Well
Logging a Well
Geologists use the measurements from both the density and neutron logs, and combine the two numbers together with a chart or a math formula. The result is the PG’s best guess as to the actual porosity of the formation. Most zones drilled through sandstones require about 8% porosity to produce hydrocarbons in sufficient quantity to pay for drilling the well.
The PG combines the porosity measurements with measurements from the resistivity run. The result gives the geologist an idea of the percentages of oil, gas, and water in the formation. If he has cores, so much the better!
After the logs are analyzed, a decision is made to either complete the well or plug it. Completing it means that heavy steel casing will be run into the hole, and cement will be pumped between the outside of the casing and the inside of the drilled hole (this area is called the annulus). Holes are then shot through the casing (using a powerful explosive charge) from the inside of the pipe at the depths where the geologist thinks the oil or gas is located.
When oil or gas finally comes from the hole, she officially has a “well,” not a “hole!” A “hole” is not a “well” until it produces!
If the hole contains no economic amounts of oil or gas, it will be “plugged.” This usually means no expensive casing will be run (other than the “surface casing”…. which is always run to protect ground water). The hole is plugged with cement, the casing cut off well below ground level, the casing is capped, and the land is returned to normal. In a few years, you would never know a hole had been drilled there, if it is all done correctly.
High Pressure Wells don't need Frack testing equipment - just saying.
I know something big is up. Who know the story of Purim? Purim is early this year Feb 28 and the crux of the story is that what was to be used AGAINST Israel was turned around and used to bless Israel. Think OPEC etc...
When the 1000+ ft of porous rock they encountered between 5k and 6k ft with 4 fault lines gets flooded with new oil that springs up from the deep (as the volcano springs up), the ENTIRE world will take notice of ZN. 1000ft of the most highly desired oil bearing/producing sponge rock is unheard of! In Saudi Arabian oil wells, they pump from a productive zone of 100 ft tops to put this in perspective. Notice how active the Ring of Fire has been of late and consider how they may be affecting the worlds oil reserves. With one of the most recent Alaskan earthquakes, the water levels in FL were noticeably affected (albeit temporarily :)
WE still don't have any real PR worthy PRESS coverage translating into buying pressure. What we witnessed today is simply the MM's churning and allowing the price to elevate. No real buying except perhaps a little covering.
AGAIN, this new unit offering is CRAZY interesting... will the market makers and hedge funds that may still be short allow a measly 5 million dollar capped fundraising drive effectively DOUBLE the current market cap of the entire company LOL!!!!!!! SO VERY interesting. MORE INFO IS COMING cause if not the short hedge fund boys are laughing their heads off! Till God shows up LOL. More NEWS IS on the way.
Nobody in their sane mind would purchase the new $5 unit offering until the pps exceeds $5. THEREFORE more news must be forthcoming to justify the new unit offering.
What's this 2.50 talk Salamon69? The new $5 Unit Offer is selling 50 shares of ZN for $250. Additionally you get 25 free warrants that may be exercised for $5 at your pleasure. If the price of ZN should never exceed $5 they are worthless.
Tab got it right here:
The new Unit Option program allows investors to purchase Units of our securities where each Unit (priced at $250.00) is comprised of:
50 shares of ZN common stock, and
50 common stock purchase warrants. Each warrant (symbol "ZNWAH") affords participants the opportunity to purchase one share of ZN common stock at a warrant exercise price of $5.00
NO! the avg cost of new ZN shares is $5!
The Unit is priced at $250.00 per Unit. Please note that the per Unit price of $250 is priced at a significant premium to the Company’s publicly traded common stock price.
https://ih.advfn.com/p.php?pid=nmona&article=76602892
Absolutely ZN will add more info if necessary (any price under $5 is underwater on the new options). I think ZN management is playing the Hedge Fund by feeling them out here with the last update.
ZN must release more info because no one will purchase the unit offering at $5 share when they can purchase 2x the amount at current price. I think ZN is giving the Hedge Fund boys a little time to cover before the next announcement pending upon actual TD.
This latest $5 offering is absolutely CRAZY! The hedge funds and MM's are scratching their heads on how to play it lol. Will the large short interest allow a measly "capped at 5 million" offering elevate the short price they worked so hard to back down? CONSIDER that one well funded ZN short (or now going long) hedge fund might even purchase the ENTIRE allotted 5 million dollar offering in a quick swoop buy and lock out other investors forcing newcomers to buy at market.... that scenario would only work if pps was well over $5 lol. THIS IS JUST CRAZY :) Go Zion!
I am curious if anyone has heard news on fracking equipment being shipped or sent to the jobsite? I'm sure ZN has had ample time to order this equipment in as it takes a while to import... Israel is not like Texas with frack rigs everywhere.
Where did you get the 30 day independent analysis?
"It is my understanding that once TD is reached and there is not a decision to go deeper then it takes 30 days to get the independent 3rd party analysis"
Can you provide a link please?
I wonder where Mark Taylor got his news... I did notice the sign of Saudi Arabia flying their entire royal family to Moscow and entering into a covenant with Russia... All these signs adding up and setting the stage for ZN.
Zion was at 14,200 ft Jan 5th. They have had since then at least 11 additional days of drilling after accounting for Shabbats giving us an additional 1650 ft if they continue to average 150 ft daily.
So as of today we may be right at 15,850 ft and ZN stated they were hoping to go to 15,500ft but its always better to go deeper when promising and able to do so :)
Likely drilling depth is presently 16,000 (stated TD target was 15,500) if Zion continued to drill at their most recent rate of 150 ft + per day derived from their last update here Jan 5th:
https://www.zionoil.com/updates/
ALSO, Did you know this month on Jan 31st completes a cycle of 3 supermoons in 3 consecutive monthly intervals! And what makes it even more special is that this January has 2 Supermoons in the month (Jan 1 and 31) which is called a doubly special "Blue Moon" - is this a sign in the heavens??? Blessings are set to fall even more fully as Trump is scheduled to speak live to support Friday Jan 19's "March for Life" in DC. Additionally on Jan 31st, Trump will give his State of the Union address....
Keep the faith and remember the words of Mark Taylor regarding the big volcano being the sign when she erupts so will Israel's oil be brought forth from the depths.... Zion will be AMAZED!
Google ring of fire volcanic activity and you will see at least 3 big volcanoes on full alert for imminent eruption possibilities...
But these purchases are not 1 cent options but open buys at full market value.
Current Depth Analysis right at 15,000ft today/tomorrow. Since they started back drilling Dec 9, Zion has been averaging better than 150ft a day (likely easier drilling with smaller diameter 5" steel). At any moment we could penetrate the source of the "blessings of the deep that lies beneath"
Zion Oil & Gas Exploratory Well Update in Israel
BY PR Newswire
— 2:30 PM ET 01/05/2018
DALLAS and CAESAREA, Israel, Jan. 5, 2018 /PRNewswire/ -- Zion Oil & Gas, Inc. announces that its Megiddo-Jezreel #1 well (MJ #1) is currently at a depth of 4,330 meters (~14,200 feet), which is approximately 1,000 meters deeper since recommencing drilling on December 9, 2017.
Zion Geoscience Consultant, Moshe Politi (left), Zion General Manager, Jeffrey Moskowitz (center) and Israel’s Petroleum Commissioner, Yossi Wurzburger, (right) Visits Zion’s MJ #1 well
Zion's President, Dustin Guinn, provided further explanation for the recent changes stating, "While it was a difficult decision to change the well plan and set our 7" casing earlier than we had originally planned, the drilling results have definitely supported that decision. Had we not revised our well plan, it would have been difficult, if not impossible, to drill to the depths we are at today. In fact, we are now planning to potentially deepen the well to 5,000 meters (~16,400 ft), from the originally planned 4,500 meters."
Zion's CEO, Victor G. Carrillo, added, "Various factors have influenced our decision to drill ~500 meters deeper than our originally planned total depth (TD). Most significantly is that we want to have the opportunity to see as much of the deep Triassic Mohilla Formation as possible in an effort to tap into the blessings of the deep that lies beneath (Genesis 49:25). We are now aiming for a TD that is just over three miles deep. The Mohilla is a significant oil producing horizon in Israel's onshore Meged Field, discovered by the Israeli company named Givot Olam. That company's website reports that over 700,000 barrels of high-quality oil has been produced out of the Mohilla in the Meged-5 well (from 2011-2013). That well was drilled to 4,700 meters, and the crude oil sales have yielded over $60 million (as of June 2014)."
This week, Israel's Petroleum Commissioner visited Zion's MJ #1 well site for the first time and was pleased and supportive of the ongoing drilling operations.
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion's planned operations, anticipated attributes of geological strata being drilled, the presence or recoverability of hydrocarbons, operational risks in testing and well completion, timing and potential results thereof and plans contingent thereon are forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion's periodic reports filed with the SEC and are beyond Zion's control. These risks could cause Zion's actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
Bullish Insider buying? Am I reading this right? Seems like we have real deal insider buying in RECENT large quantities (not 1 cent options)
https://ih.advfn.com/p.php?pid=nmona&article=76439278#PRIMARY_DOC_HTM_F2
I couldn't pull the trigger on a $2.28 sale after the close - that Mark Taylor eruption might just occur over the long weekend... True story lol, my brother just flew into Bali this morning to start his vacation :) I said to him you know about Mt. Agung right? Said he was 20 miles out and felt safe. I pray all Baliamese are safe when she blows.
Today's Jan 5th update:
https://www.zionoil.com/updates/zion-oil-gas-exploratory-well-update-in-israel-jan-5-2018/
Zion Oil & Gas Exploratory Well Update in Israel
January 5, 2018Zion Oil & Gas, Inc. No Comments Blogs, Exploration Updates, News, Press Releases, Updates
Zion Oil & Gas Exploratory Well Update in Israel
Petroleum Commissioner Visits Site
DALLAS and CAESAREA, Israel, January 5, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that its Megiddo-Jezreel #1 well (MJ #1) is currently at a depth of 4,330 meters (~14,200 meters), which is approximately 1,000 meters deeper since recommencing drilling on December 9, 2017.
Zion’s President, Dustin Guinn, provided further explanation for the recent changes stating, “While it was a difficult decision to change the well plan and set our 7” casing earlier than we had originally planned, the drilling results have definitely supported that decision. Had we not revised our well plan, it would have been difficult, if not impossible, to drill to the depths we are at today. In fact, we are now planning to potentially deepen the well to 5,000 meters (~16,400 ft), from the originally planned 4,500 meters.”
Zion’s CEO, Victor G. Carrillo, added, “Various factors have influenced our decision to drill ~500 meters deeper than our originally planned total depth (TD). Most significantly is that we want to have the opportunity to see as much of the deep Triassic Mohilla Formation as possible in an effort to tap into the blessings of the deep that lies beneath (Genesis 49:25). We are now aiming for a TD that is just over three miles deep. The Mohilla is a significant oil producing horizon in Israel’s onshore Meged Field, discovered by the Israeli company named Givot Olam. That company’s website reports that over 700,000 barrels of high-quality oil has been produced out of the Mohilla in the Meged-5 well (from 2011-2013). That well was drilled to 4,700 meters, and the crude oil sales have yielded over $60 million (as of June 2014).”
This week, Israel’s Petroleum Commissioner visited Zion’s MJ #1 well site for the first time and was pleased and supportive of the ongoing drilling operations.
Thanks for the update Married. btw i'm curious why do you think Mark Taylor is a false prophet? He was right about Trump but the timing was delayed 4 years.
yeah saw that but likely just a recycled shorting block.
Nobody is selling. MM's just selling back and forth and cooking up the run up plan. Get ready for liftoff...
Today is the 10th anniversary since ZION had her AMEX ipo Jan.3 20017! Remember when Rineberg rang the bell to open the first trading day :)
(Hint: keep an eye on Mt.Agung in Bali) Interesting prophecy delivered by Mark Taylor, the man of God that in 2011 prophesied in detail about Donald Trumps victory and further Presidency. The following prophecy is from December 16, 2016.
--------------------------------
The Spirit of God says, "Energy, Energy, I am
releasing new energy. For this new energy that I
am releasing will make my America and my lsrael energy independent.
For America and lsrael will now be the top energy producers in the world. This new energy and the technology to capture it, will spring forth from the depths as the volcano erupts from the depths.
This is the sign that will be given.. a massive
volcanic eruption will signal that this is the time for my America and lsrael and the end of the energy corruption. OPEC, your evil regime will no longer be tolerated. You will no longer be needed, for you refuse to listen to my words and have not heeded.
For when that ring of fire blows its top, it will be a sign to you that you will lose your stock and the covenant you have with that ring will be lost."
The Spirit of God says, "You countries that have
dominated energy for decades, to move your evil agenda, are charged with this guilt. Your days are numbered and you will say, look how fast this was built.
My America and my lsrael will be one and because of this, you will be undone. Because of your rage and the money you made from those countries you manipulated and attacked from within, you will now have to turn to those countries for help on a whim.
For your wells will go dry and your finances too, for you will now be fed, from the Red, White, and Blue."
It looks like accumulation is taking place (covering). Big movement on the June 18 $5 calls too....
Just a matter of time. Possible key word "Kerogen" Will this be the basis for Israeli Hi-Tech to provide "new energy" like never seen before?
https://www.commentarymagazine.com/articles/will-israel-be-the-next-energy-superpower/
On Dec. 6 Zion could have been drilling out the temporary plug and later that weekend started active drilling deeper. Not sure how plug drilling operations work. Both date statements made by Zion could be factual just a matter of drilling definition.
Zion sent their update out Dec 6 but stated they would start drilling after Shabbat over the following weekend Dec 9ish.
10 years to the date: ZN's IPO 1/3/2007 was 1st company to ring Amex bell in 2007!
Remember this flashback long term Zion investors from exactly 10 years ago Jan 3, 2007?
Zion Rings Amex opening Bell in January 2007 FIRST IPO of 2007!
Zion Oil & Gas, a bible-based oil research corporation formed under Delaware law, is exploring for oil and gas in Israel on licensed and permitted areas of approximately 219,000 acres located onshore between Tel Aviv and Haifa. On January 3, 2007, Zion CEO Gene Soltero, rang the American Stock Exchange bell to open the First Trading Day with the First IPO of 2007 - Zion. In connection with an initial closing that occurred on December 29, 2006 under Zion's Registration Statement (declared effective by the Securities and Exchange Commission on September 26, 2006), Zion began trading on the American Stock Exchange under the symbol ZN. The $2 Million raised in Zion's second closing brings its IPO total to $5 Million
Video of bell ringing ceremony on the AMEX website
Remember this flashback long term Zion investors from exactly 10 years ago Jan 3, 2007?
Zion Rings Amex opening Bell in January 2007 FIRST IPO of 2007!
Zion Oil & Gas, a bible-based oil research corporation formed under Delaware law, is exploring for oil and gas in Israel on licensed and permitted areas of approximately 219,000 acres located onshore between Tel Aviv and Haifa. On January 3, 2007, Zion CEO Gene Soltero, rang the American Stock Exchange bell to open the First Trading Day with the First IPO of 2007 - Zion. In connection with an initial closing that occurred on December 29, 2006 under Zion's Registration Statement (declared effective by the Securities and Exchange Commission on September 26, 2006), Zion began trading on the American Stock Exchange under the symbol ZN. The $2 Million raised in Zion's second closing brings its IPO total to $5 Million
Video of bell ringing ceremony on the AMEX website
It appears someone with a large holding in ZN is unwinding their position and taking a profit. I kinda hope its large Hedge fund which purchased on the cheap during the funding $250 unit offering... and then ZN announces a large find lol
Can anyone confirm if ZN is actually drilling?
Can anyone confirm that ZN is even back to drilling?
Hanukkah update please JB
Yep. IF NO NEWS, I'd expect tomorrow will be about the same - with next week be allowed/open for movement... News is what drives price - even if just upgrades and favorable press coverage....