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Question: is this form 13F still supposed to be filed today?
RE below:
Institutional Reporting of Holdings (As BlissBull indicated.)
Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission. Major institutions are defined as firms or individuals that exercise investment discretion, over the assets of others, in excess of $100 Million. Major institutions include financial holdings companies, banks, insurance companies, mutual fund managers, portfolio managers, self managed pension and endowment funds. The report is limited to equity securities, including common and equivalents, convertible preferred and convertible bonds. The report does not include fixed income, real estate, or cash equivalents. Reports are filed within 45 days after calendar quarter end with the vast majority of updates occurring near the 45th day of the quarter.
FORM 13F ..... (Institutional Investment Managers)
February 14 .. (45 days after calendar year end)
May 15 ....... (45 days after calendar quarter)
August 14 .... (45 days after calendar quarter)
November 14 .. (45 days after calendar quarter) [DUE TOMORROW]
Tab78: Where do you read that GNE is going to announce their well results this Dec and are these their older wells on the Golan that were in "disputed" territories? If so, why the watit? Is the geo-political timing better now or did they just recently run the test? Thanks in advance
Tisdal do you know thru which date the earnings report will cover regarding the recent offering? And are you pulling this off the Nasdaq site? thanks in advance
Tisdal, the Nasdaq site shows online data which may have been updated. Do you know if "revisions" are noted with dates anywhere on their site? Do you recall seeing Vanguard listed before today with a stake of 1.2 million shares? I missed it and don't recall anyone mentioning it.
Guys this is HUGE news on the Revised 3Q regarding Vanguard taking a 1.2 Million stake in ZN (likely at an average price of $3+). Vanguard likely averaged down their cost pps by short selling their shares to re-invest in ZN' $250 offering. DON'T MISS THIS! THE REAL DRIVER is that other LARGE hedge funds will be asking what Vanguard knows and why they would be investing mucho $$$ in a one-horse wildcat drilling operation.... Take-away is that they likely have good insider knowledge tipoff :)
Previous 10/22/17 issued ZN 3Q (NO VANGUARD!!!):
Zion Oil and Gas Inc, Inst Holders, 3Q 2017 (ZN)
BY Dow Jones & Company, Inc.
— 3:23 AM ET 10/22/2017
The following table shows the largest shareholders in ZION OIL & GAS INC COM (ZN) for the quarter ended September 30, 2017, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 09/30/2017
Institution Shares Shares % Last
Held Changed Held Report
BlackRock Fund Advisors 334,157 132,569 0.644 06/30
Geode Capital Management LLC 222,752 74,569 0.429 06/30
Bridgeway Capital Management 142,385 0 0.274 06/30
The California Public Employee 115,780 (115,780) 0.223 06/30
B. Riley Capital Management LL 76,070 76,070 0.147 06/30
Northern Trust Investments In 67,447 1,478 0.130 06/30
The Bank of New York Mellon Co 31,030 (22,705) 0.060 06/30
SagePoint Financial Inc. (Inv 30,591 4,591 0.059 06/30
LPL Financial LLC 30,021 216 0.058 09/30
CSS LLC 21,132 (8,628) 0.041 06/30
T. Rowe Price Associates Inc. 21,100 0 0.041 06/30
Guggenheim Funds Investment Ad 18,280 0 0.035 06/30
Vanguard Fiduciary Trust Co. 15,729 0 0.030 06/30
SSgA Funds Management Inc. 15,290 0 0.029 06/30
Commonwealth Equity Services 15,271 1,984 0.029 06/30
Raymond James Financial Servic 14,279 2,727 0.028 06/30
BlackRock Advisors LLC 14,230 0 0.027 06/30
Bank of America NA (Private B 14,000 14,000 0.027 06/30
National Asset Management Inc 12,676 (674) 0.024 06/30
Raymond James & Associates In 12,189 0 0.023 06/30
Goldman Sachs & Co. LLC (Priva 12,162 (364) 0.023 06/30
Barber Financial Group Inc. 12,000 0 0.023 06/30
The orignial 3Q published 10/22/17 did not show Vanguard according to my report - largest holder was BlackRock at 250k...
Updated 11/7/17 (Revised from 10/22/17!) ZN 3Q ended 9/30/17 NOW reflects Vanguard's 1.2 million share investment !!!!! For whatever reason this little omission was not on the original published 3Q..... hmmmm BIG time investment and when the share price was $3 - look for covering....
Just out ZN 3Q 11/7/17 Vanguard Group is in ZN and HUGELY! 1.2 Million...
Zion Oil and Gas Inc, Inst Holders, 3Q 2017 (ZN)
BY Dow Jones & Company, Inc.
— 4:33 AM ET 11/07/2017
The following table shows the largest shareholders in ZION OIL & GAS INC COM (ZN) for the quarter ended September 30, 2017, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 09/30/2017
Institution Shares Shares % Last
Held Changed Held Report
The Vanguard Group Inc. 1,197,015 37,599 2.306 06/30
BlackRock Fund Advisors 334,157 132,569 0.644 06/30
Geode Capital Management LLC 222,752 74,569 0.429 06/30
Bridgeway Capital Management 142,385 0 0.274 06/30
The California Public Employee 115,780 (115,780) 0.223 06/30
B. Riley Capital Management LL 76,070 76,070 0.147 06/30
Northern Trust Investments In 67,447 1,478 0.130 06/30
The Bank of New York Mellon Co 31,030 (22,705) 0.060 06/30
SagePoint Financial Inc. (Inv 30,591 4,591 0.059 06/30
CSS LLC 21,132 (8,628) 0.041 06/30
T. Rowe Price Associates Inc. 21,100 0 0.041 06/30
Guggenheim Funds Investment Ad 18,280 0 0.035 06/30
Vanguard Fiduciary Trust Co. 15,729 0 0.030 06/30
SSgA Funds Management Inc. 15,290 0 0.029 06/30
Commonwealth Equity Services 15,271 1,984 0.029 06/30
Raymond James Financial Servic 14,522 243 0.028 09/30
BlackRock Advisors LLC 14,230 0 0.027 06/30
Bank of America NA (Private B 14,000 14,000 0.027 06/30
National Asset Management Inc 12,676 (674) 0.024 06/30
Raymond James & Associates In 12,189 0 0.023 06/30
Goldman Sachs & Co. LLC (Priva 12,162 (364) 0.023 06/30
Barber Financial Group Inc. 12,000 0
High Pressure Drilling Equipment: Recall ZN's last update and their mention of Scotland being a source for necessary required equipment. Per KyOil, Scotland's North Sea operations are known for extreme high pressures and they have "specialty" equipment on hand. I found this article interesting regarding their "high pressure" setup:
http://www.ogj.com/articles/print/volume-97/issue-38/in-this-issue/production/north-sea-field-leaps-pressure-temp-hurdles-to-2000-start-up.html
North Sea field leaps pressure, temp. hurdles to 2000 start-up
09/20/1999
The high pressure and temperature nature of the Shearwater field, offshore U.K. North Sea, presented significant engineering challenges as well as those inherent in producing a sales-quality gas offshore.
This month, the project is on track as drilling will be completed on the five Fulmar field main block wells whose production will support the platform. In May 1999, Shearwater topsides were installed on the wellhead jacket and the production jacket installed.
This permitted tie in and commissioning of a gas line to Bacton, England. Production facilities, being built at Wallsend, are nearing completion and will be installed in March 2000.
After 3 months' offshore connection and commissioning, first sales gas is scheduled for July 2000.
HP/HT reservoir
The Shearwater field lies 200 km east of Aberdeen in 90 m of water in the Central Graben Area of the Central North Sea, part of the P188 license. License holders are operator Shell U.K. Exploration & Production (28%), Esso Exploration & Production U.K. Ltd. (28%), ARCO British (27.5%), and Superior and Canadian Superior (Mobil) (16.5%).
At some 15,000 ft below the seabed, the reservoir is a high pressure, high temperature (HP/HT; 1,000 bar, 180° C.) gas condensate reservoir, with a ratio of 170 bbl of condensate/1 MMscf of gas with 30-ppm H2S, 3% CO2, and a high-salinity aquifer.
Initial production will be from the main block Fulmar reserves (309 million boe) with peak production rates of 425 MMscfd of sales-quality gas and 80,000 bo/d of a high vapor-pressure condensate.
The selected development concept required that a wellhead jacket be installed before start of development drilling (July 1997) and that the development wells be completed before start of production.
A combined processing and quarters platform will be installed in early 2000 with gas being exported via the 34 in. Shearwater Elgin Area Line (SEAL) pipeline to Bacton with the condensate being exported via the Forties Pipeline to Cruden Bay, Scotland.
At startup in mid 2000, the Shearwater development, in 90 km of water 200 miles east of Aberdeen, will employ a wellhead and a production jacket (artist's concept here) and send gas to Bacton, England, and condensate to Cruden Bay, Scotland (Fig. 1).
Click here to enlarge image
Total development cost of Shearwater and associated export systems is some $1.4 billion (Fig. 1).
In 1996, the project team defined the development concept with associated cost and schedule forecasts so that they could be presented to the Shearwater coventurers for approval.
This process was completed in April 1997 with the formal sanction of the development by the U.K. Department of Trade & Industry (DTI). This permitted the detailed design work for both the process facilities and the associated gas and liquid export facilities to begin.
Drilling program - Key in HP/HT developments is the need to drill all development wells before start of production. Currently, it is technically impossible to drill into partially depleted HP/HT reservoirs. This early start to development drilling plays a large role in selection of a development concept.
The studies to define the development concept considered 10 platform configurations. To satisfy the need to drill the production wells before start of production and to reduce technical drilling risks, it was decided to install a wellhead jacket before start of drilling.
The alternative would have been to incorporate a mud-line suspension unit in the well design and install a jacket later. The significantly greater technical risks associated with making and breaking such a connection led to the choice of drilling through a preinstalled wellhead jacket.
This also had the advantage of containing all the HP/HT elements of the development on the wellhead jacket and providing a separation of some 80 m between the HP/HT drilling center and the processing facilities.
The opportunity to share the sales-quality-gas export pipeline with the nearby Elgin-Franklin development defined the process configuration. This included gas-condensate separation, gas dehydration, and a low-temperature separator process and amine plant to satisfy the sales-gas specification of both the Interconnector Pipeline and the National Transmission System.
One of the main drivers and a significant challenge to engineers was to reduce development wells. The initial development was based on the availability of existing HP/HT completions and wellheads that required up to seven production wells to be considered at the point of project sanction in April 1997.
Development work commenced with Baker and Cameron with the stated aim of producing a larger completion and a 15,000-psi wellhead that would permit the number of wells to be reduced to five, representing a significant saving on the drilling budget.
This gain, however, brought with it a high technical risk: using essentially untried equipment for Shearwater's development wells. Application of a rigorous quality management and extensive testing of the equipment onshore before its installation offshore overcame this concern.
World's first
During completion of the design, it became apparent that a reduction in the total number of wells to be drilled could be effected if the tubing size could be increased to 7 in. The use of 7-in. tubing, together with its associated completion components, required a large-bore christmas tree with a 63/8-in. valve bore rated for 15,000 psi at 350° F. and consequently API PR2 Appendix F qualification of the valves and actuators.
The valve blocks, in particular the heat treatment applied to the valve blocks, had to be reviewed after discovery through testing that the hardness values for the center of the block were below specification.
This problem was eventually resolved by enhanced heat treatment.
The completion size was increased from a 41/2-in. original design to a 7 x 51/2-in. tapered string, thus allowing the same productivity levels from fewer wells.
The large-bore nature of the completions required development and testing of a completely new suite of completion tools, including a 97/8, 15,000-psi, 375° F. packer, a 51/2 in., 13,500-psi tubing retrievable sub-surface safety valve, a 7-in., 15,000-psi wireline retrievable sub-surface safety valve and suitable landing nipples and plug systems.
All completion components were individually designed, built, and tested at the required pressure and temperature before a full system trial was conducted at the Bridge of Don facility, Aberdeen.
The Shearwater choke duty is a unique combination of high pressure, high temperature, and high gas and condensate flow rates.
Not so Joe. ZN has always been about God's timing not mans. Prepare to be AMAZED!
Intriguing dip and volume on the open today... hopefully short covering. I'd love to see pics of the continuously "cycled" mud shows.... getting black and oily in the pit I wonder... :)
Kyoil what additional seismic tests do you think are being performed in the meantime prior to December 6th close of the offering? Are these in seismic test likely part of the wire logging mentioned of existing well bore or performed above ground? Is it possible part of the delay is waiting for new seismic equipment to be shipped in? Do you feel strongly that they are using this down time working on seismic testing (and would that mean an open well bore without mud potentially?) Thanks in advance greatly appreciate your experience.
Today's ZN market is rather simple. The recent offering allows for Hedge Funds (MM's / market makers) to buy ZN at a very low avg $price and they get free $1 warrants. They can sell to themselves to short cover and buy cheap shares to keep should they desire (all made possible by low turnover). Face it - until ZN has proven production or validated reserves, we are sitting ducks - It will come I can assure you :) In the meantime, this takedown of PPS means that its likely MM's are buying large amounts of the recent $250 offering which is good I guess.
KyOil: Your thoughtful "UNEXPECTED HIGH PRESSURE" encounter scenario makes a lot of sense given the timing involved and peculiar sourcing locations - ZN likely has been working on sourcing for at least the last PAST 2 weeks while they were casing and cementing. Whatever they felt they needed, it must be a specialty item rather hard to find... and completely unexpected (they had to know of this next 7" step down casing etc and long planned for this drilling diameter steel and bits)... SOMETHING very unexpected is the only logical conclusion for them to have been caught so seemingly flat-footed. POSITIVE and exciting update indeed.
Well control equipment: Thank you KyOil for your excellent analysis.
I did the research on well control equipment and posted
http://www.iadclexicon.org/well-control-equipment/
Well Control Equipment
Well control equipment includes all equipment used to:
1.detect unplanned influxes of formation fluids into the well;
2.prevent, control or divert the flow of fluids from the well;
3.purge formation fluids from the well;
4.separate formation fluids from the drilling fluid.
It includes monitoring and indication equipment for pit levels, flow detection, low and pressure measurement and other important instrumentation required for recognising and responding to an unplanned change in well parameters which could result in a loss of well control.
It includes surface, downhole and internal blowout preventers, rotating heads, circulating heads, tubing injection heads, diverters, wireline lubricators and stuffing boxes, kelly cocks, stabbing valves, choke lines and manifolds, mud gas separators, kill-lines, valves and other equipment required for killing a well including high-pressure kill pumps and plugs, valves and other devices necessary to prevent a well from flowing. It also includes all pipework associated with the above equipment.
many have done just that and its a smart win win for both ZN and the ZN investor (avg share cost down + $1 warrants). ZN management would love to be able to do so too but are not able to without full disclosure and the appearance of impropriety, not true but taboo :)
Obviously the market makers have long been aware of the 7" casing operation and likely the original large drop from $3.50 to 2.50 almost immediately. We may now get an unexpected jump up...
So if they have already cased and cemented with 7" pipe, they must have had 7" inch casing available on hand. They have also had several weeks lead time on remaining necessary drilling tools...
Exactly seemingly mixed bag but now we may see a couple pics of "flare light offs" with an open bore :)
Recent seismic activity may very well affect ZN's well bore...
NEW 11/2/17 Ring of Fire earthquakes rumbling all along ring of active volcanoes: http://www.express.co.uk/news/world/874556/australia-earthquake-pacific-rim-ring-of-fire-big-one
Today is the 100th anniversary of Balfour Declaration and Netanyahu is in Britain to celebrate! This ZN news is NO COINCIDENCE and this seeming setback may well prove to be VERY positive - actually ordained :)... We likely have an OPEN (no mud) well-bore and are watching and reading the "naturally" occurring hydrocarbon flows... (no fracking ... yet if even needed...) Anyhow, point is, God has ordained this very unique and God-timed OPEN bore event.... just waiting for the seismic pressures to now push up "treasure of the deep" in accordance to HIS perfect timing.... Mark Taylor "Energy Energy" watch the continued recent earthquakes and affected ring of fire...
So while they are sitting rather idle they can likely do a little flow testing on the cased bore? Is there mud still in the well bore if a cement shoe has been plugged at the very bottom?
News release pending? It just dawned on me that Victor was likely prepping us for the mailing set to arrive next week. A mass mailing is most likely going to coincide with a positive news release for maximum exposure and response...
Easy Breezy. Lets talk about production and why pumping ZN's oil may be quite inexpensive and drillable super fast.
At the reasonable shallow depth of 5,000-6000 ft, ZN has confirmed that they have 1200 ft of the world's highest quality porous oil bearing/flowing reservoir rock (with 4 fault zones already showing hydrocarbon shows) - this fact alone is potentially amazing as this highly desired oil bearing strata is normally found at super highly productive depths of 30-50ft deep interval zones such as found in Saudi Arabia etc...
NOW consider - should the volcanic/seismic activity prophesied by Mark Taylor come to pass, the treasure of the depths will spring forth and FILL the HUGE porous 1200 ft easily drillable and extractable ZN production zone at the 5000-6000 ft interval. Easy breezy drilling using normal sized inexepensive rigs a dime a dozen .... PUMP PUMP PUMP away all day high capacity 1200 feet of oily well bore and hydrocarbon filling zone.
How long again did it take ZN to drill to 6000ft? And this was a test well so they went slow and steady with a huge 14" starter bore... Production drilling will likely go 3x faster...
BAM BAM BAM - Glory to the Holy One of Israel!
ZN has a clause in the recent $250 unit offering stating that, at their discretion should the pps remain above $5 for 5 consecutive days, that they may terminate the offering early after notice 5 days later. When news gets out, there will be a flood of new (and very large institutional investors) who will literally pump hundreds of millions into ZN's development and new drilling plans. ONLY after the unit offering is closed early (will have plenty of cash funding on hand) will the ZN pps rocket to the moon. God has blessed this perfectly orchestrated this funding unit offering plan! ZN will be able to go it alone to the glory of GOD the Holy One of Israel!
Anyone else curious why Victor inferred they were not actively drilling (seemingly still 3/4 the way down around 11.5k feet)? My only logical take-away would be the immediate need to flow test - could this have been a "tell" to us? Victor is definitely presently very positive and is seemingly even more positive than ever to get to the TD depth... Thoughts or other ideas welcome.
Wow pretty amazing Tisdal I forgot about that! Hmmmm I'm more than curious why Victor inferred they were not drilling (3/4 the way down still) - the only logical conclusion would be flow testing :) all that oil was likely mucking up the drilling mud... but if so how will they ever be able to finish? :) A good problem to have I'm sure.
Nov 2, 2017 is the 100th Anniversary of the Balfour Declaration is exactly 40 days after Sept 23 Rev 12 Sign "ring of fire birthing" :)
Very interesting to see how the Lord reveals HIS PLAN! Keep your eye on Nov 2!
Nov 2nd is the 100th anniversary of the Balfour Declaration and Benjamin Netanyahu will travel to Britain to celebrate its Centennial! What a perfect time to announce a significant ZN discovery :) Isn't God's timing great? Seeing it all come together and also John Brown has a birthday coming up! Selah :)
Humble and simple text yet the ramifications... just like ZN's little well (at first):
http://www.breitbart.com/jerusalem/2017/10/30/britain-proud-balfour-declaration-100-years-says-created-great-nation-israel/
Balfour Declaration:
Foreign Office
November 2nd, 1917
Dear Lord Rothschild,
I have much pleasure in conveying to you. on behalf of His Majesty's Government, the following declaration of sympathy with Jewish Zionist aspirations which has been submitted to, and approved by, the Cabinet
His Majesty's Government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavors to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine or the rights and political status enjoyed by Jews in any other country.
I should be grateful if you would bring this declaration to the knowledge of the Zionist Federation.
Yours,
Arthur James Balfour
Green Dolphin happy to oblige ZN$$$ valuation exercise: Currently ZN's market cap is presently 150 million with 52+ million outstanding shares.
Hypothetically lets say ZN shortly announces a commercial find and estimates a recoverable, conservative oil reserve of 1-3 billion barrels on a large but still mostly unmapped reserve (w/potential of 10-20 billion barrels on lease -just need to drill more to confirm...)
((( For perspective consider that the tiny nation of Israel alone daily consumes 270,000 barrels of oil: 270k barrels @$50 barrel = $13.5 million in gross Israeli oil consumption daily = $5 billion Israeli annual gross oil purchases. )))
Would ZN's valuation upon announcement jump to a $1 Billion market cap? A $1 billion ZN market cap would translate into ZN's current 52 million outstanding shares valued at $19 per share.
A $2 Billion dollar ZN market cap would translates into ZN pps @ $38+
Upon the big announcement, we may all live to tell the tale of one of the most dramatic short covering rallies of all time. Its going to be EPIC! With the storyline behind ZN and the fulfillment of prophecy, EVERYONE WILL BE JUMPING to get in. I kid you not, ZN's pps could easily conceivably jump to $100+ when the NEWS goes world-wide and John Brown is on BLOOMBERG/CNN FINANCE giving glory and praise to the God of Israel!
VERY NICE RECENT 5 day activity on the Dec$5 calls -and it continues on today with a sitting bid of 30,000 shares on the ask at 15 cents... Either someone has a super positive perspective on soon to be released ZN testing news or the MM seller wants to sell to close out their open $5 options (doesn't want to chance it lol). Either way a very positive indicator.
Married50: what makes you doubt Mark Taylor's prophecy? Actually the ring of fire is on the brink of still erupting- haven't you been following the recent major earthquakes right besides Mt Agung Bali? And just because the additional 3 Supreme Court Justices haven't been removed yet doesn't mean it's a false prophecy - i have a hunch Mueller and Uranium One will bring the Supremes down embroiled in an "inside fix"
If ZN has to give Israel an updated detailed analysis on progress by Nov 1st get ready for a positive spike in pps as news travels fast as government agencies are notorious for leaks...
Tisdal, you bring up a very interesting perspective regarding the recent slow drilling. I too think oil and gas shows under intense pressure are interfering with drilling operations in a good way :) the last drilling update was actually very positive in what was said and unsaid.
How do you know its a real buy and not a shorting block?
Lets talk about production and why pumping ZN's oil may be quite inexpensive and drillable super fast.
At the reasonable shallow depth of 5,000-6000 ft, ZN has confirmed that they have 1200 ft of the world's highest quality porous oil bearing/flowing reservoir rock (with 4 fault zones already showing hydrocarbon shows) - this fact alone is potentially amazing as this highly desired oil bearing strata is normally found at super highly productive depths of 30-50ft deep interval zones such as found in Saudi Arabia etc...
NOW consider - should the volcanic/seismic activity prophesied by Mark Taylor come to pass, the treasure of the depths will spring forth and FILL the HUGE porous 1200 ft easily drillable and extractable ZN production zone at the 5000-6000 ft interval. Easy breezy drilling using normal sized inexepensive rigs a dime a dozen .... PUMP PUMP PUMP away all day high capacity 1200 feet of oily well bore and hydrocarbon filling zone.
How long again did it take ZN to drill to 6000ft? And this was a test well so they went slow and steady with a huge 14" starter bore... Production drilling will likely go 3x faster...
BAM BAM BAM - Glory to the Holy One of Israel!
Thank you for sharing dreamer777. I too had a dream that actually woke me up confirming the volcanic eruption w/oil coming forth about a month ago after Sept 23. While the "BIG eruption" has not occurred yet, I believe that with the Ring of Fire volcanoes already showing lava flow activity on Vanuatu and Sinabung (starting on the "birthing" Rev 12 Date Sept 23) are precursors... and that the oil is already showing signs in the ZN wellbore... however, the big eruption is still pending and when she blows the OIL will POUR forth under POWER and artesian PRESSURE.
As for your 11/11 dream - it will take a little time (perhaps a week or two even after a discovery sometime soon) for the market to catch up - I'm assuming ZN's blowout preventer can hold back the pressure :)
Initial word of oil would jump the stock to $6-7 but only after confirmation testing will it ZOOOOOOOOM to the moon shortly thereafter. That would be confirmation of BILLIONS and BILLIONS of barrels...
the "DSPP/$250 Unit offering" is LIKELY GOING GREAT even though the PPS is dropping - its actually a result of large institutions driving the price down to make it cheaper for them to buy-in. The activity you are witnessing are the MM's driving the price down to avg thier "unit" pps avg down. Make sense? Its hard to watch now but know they are funding ZN with cold hard cash to pay for pumping operations... mom and pop buy-ins aren't plentiful enough so God isn't beyond even using corporate short greed to achieve his purposes lol... No worries all, just wait for the fulfillment to come to pass very soon. OIL surging up the well bore strong enough to engage their blowout preventer will result in the recent PPS dip to self-correct!!! Get your testimonies ready faithful and praying ZN investors! Praises to the Holy One of Israel!
John Brown (by being transparent) actually gave the shorting hedge funds "leeway" to further short at will by stating Zion would not make further announcements until completion of drilling and testing...
John Brown had to say it though because so many impatient (many inexperienced) investors are constantly hounding ZN for updates - unfortunately JB cannot say much legally... he simply is not allowed to speculate and must wait until 3rd party independent test are performed and confirmed.