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In my dream this morning, I sensed a simultaneous volcanic eruption plume along with a ZN well blow-out. I'm sure the ZN well bore has constant downward mud pressure to prevent blow-outs .... I wonder if their pressure gauges have JUMPED.... or even kicked in their blowout preventer ... will it hold? Did it hold?
https://www.google.com/search?q=oil+drilling+blowout+preventer&rlz=1C1CAFB_enUS604US604&oq=oil+drilling+blow&aqs=chrome.2.0j69i57j0l3.9890j0j8&sourceid=chrome&ie=UTF-8&safe=active&ssui=on
Watching the bid this AM? Notice that we just entered into a quasi "holding pattern" as the big boys have likely detected very positive buying pressure. Th MMs are acting like when an update has just been released and they are trying to determine what it says between the lines.... to be a fly on the wall... how to cover their shorts... Very very interesting! Aint nobody selling either!
Huge bid of 40k plus shares sitting on the ask setting the floor at 3.40 - Options are acting funky too with (low quantities) ...
I don't often dream but early this morning 4am I awoke to a dream of ZN's well simultaneously erupting along with the "Ring of Fire" volcanoes. The dream actually woke me up.
Last night's 9/29/17 Sinabung Indonesia's volcano eruption pictures:
http://www.telegraph.co.uk/news/picturegalleries/worldnews/10551746/Volcano-Mount-Sinabung-in-Sumatra-Indonesia-erupts-spewing-lava-and-ash.html?frame=2781659
DO YOU SEE THE MONSTER BID?
This makes the 3rd active volcano along the ring of fire erupting (and dated 9/23/17) ...
http://www.telegraph.co.uk/news/picturegalleries/worldnews/10551746/Volcano-Mount-Sinabung-in-Sumatra-Indonesia-erupts-spewing-lava-and-ash.html
ZN valuation exercise: Currently ZN's market cap is presently 177 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!
Positive news is brewing and low volume accumulation/covering is taking place. Slow and steady upwards trend pattern on low "churn" volume to not draw undue day trader attention. ZN is a rocket fueled up on the launch pad.
In addition to the weekly shabbat (Friday sundown to Saturday sundown), the Biblical holiday schedule this year ZN is observing are the following dates:
9/21/17 Yom Teruah/Rosh Hashana
9/30/17 Yom Kippur (a double shabbat as it falls on the normal shabbat this year)
10/5/17 and 10/13/17 (the first and last days of Sukkot/Tabernacles)
ZN's working/drilling operations are in full swing in-between these dates.
what king of action?
Volcano could erupt any time -
remember Mark Taylor's prophetic word regarding the "ring of fire" erupting?
https://www.theguardian.com/world/2017/sep/26/bali-volcano-eruption-seismic-activity-mount-agung
The end of day selling yesterday was simply a large MM resetting their own position - hopefully to now go long (I'm constantly amazed at how seemingly illegal the "market" truly is lol as they buy and sell to themselves). I personally watched a large block - very quickly executed - under the market, Dec 17 $5 call transaction take place at about the same time as the end of day price drop. Coincidence hardly. It seems to me that an MM created a revised covered or collared call position.
ZN is a rocket on the launchpad with slow low volume accumulation taking place... Get in now if you are still on the fence and hold tight on this one just a few more days ... till the big boys supercomputers start noticing the slow covering and jump in to make it real fun.
LOL aint nobody selling. Shorty is walking along the edge of the cliff.
The elephant in the room is the question that with not 1 but 4 oily hydrocarbon pay zones - where is all that oil flow coming from???? For the land of Israel this is truly unique. This is exactly why Victor Carrillo stated they are excited to be drilling deeper - they know it's coming from somewhere.... And apparently it's flowing upwards through the fractures... the Treasures of the deep are beginning to present...
Hmmm yawner - nobody is really selling - or enough newcomers buying unfortunately to truly elevate price pressure - ZN is a true very low float traded company - a shorters gem on paper as basically most all holders are old fashion believers and will remain "long" until the very end. I think a strong "short" MM is flipping their shares wash/rinse/repeat (ex see the spike in volume yesterday at the top of 3.65 to reset their short basket of shares)
Today's update just granted the MM's breathing room to shake out the stock a bit because now they think they have time with slow drilling through the Feast Days shabbats - lots of spent not drilling - ha ha God might just have a very big surprise for them as God rewards obedience!
What ZN needs to increase pricing pressure is press coverage and John Brown and ZN management seem to be intentionally NOT seeking tv coverage even on Christian tv channels this time around.... and I actually like it. Management is saying this time "God this is up to you now, and You alone"
We don't need to pump. It is and always has been in the Holy One of Israel's hands and timeframe! Be patient, keep praying faithful and ENJOY God's appointed memorial shabbats :) Blow those Trumpets tonight for Yom Teruah!
Nice little video here on that expensive liner ZN just installed on the last 1200 feet with multiple hydrocarbon fault zones.
Halliburton's VersaFlex® Expandable Liner Hanger System:
This was the KEY gem in the latest ZN update: Victor stated "We also have yet to penetrate a KEY objective zone" ....
Just in time according to God's timetable.
http://ih.advfn.com/p.php?pid=nmona&article=75688408&adw=1126416
Perhaps announcement on or after Sept 23. This is a great teaching with powerful fulfillment verses related to the restoration of the nation of Israel in her full Glory. I strongly sense that Zion Oil will play a vital role. Be sure to check out the scripture verses referenced after the 22-minute mark :) recall the Mark Taylor prophecy about America and Israel new energy and the Middle East oil wells drying up - wouldn't that look like the "Rock" smashing kingdoms on Earth in Dan 2:35? All coming together. Now the sign of the volcano...
Oh my. Trading this morning is looking kinda GA-APY! Ain't nobody selling... how long is shorty willing to wait and how long before shorty runs out of borrowed shares to hold ZN back? tick tock.....
Lol if ZN could self fund before on faith alone, just imagine how easy it will be to self fund additional drilling and production operations with proven hydrocarbons..... Love it! Keep praying Zion Saints!
With respect to finance, one of the most miraculous aspects of Zion Oil is that they have a self funding DSP mechanism and their investors are faithful Believers and have proven that they can go it alone. I believe God has raised Zion up to not have to take money from the world's financial markets or enter into partnership agreements being unequally yoked with the world. Every time Zion has tried to partner God has shut it down but has blessed her when she relies on God. I know it sounds audacious for Zion to enter into more drilling operations and even production all by herself but I believe this is exactly what God has called Zion to do. God will provide and the funding will be not be a problem at all.
Complete article follows (I love the CONCLUSION at the end)
ByJim BloomPosted on September 18, 2017
Zion Oil & Gas, Inc. (NASDAQ:ZN), an oil and gas company undertaking exploration and drilling activities in Israel, appears to have particularly intriguing potential in light of the industry reports we’ve seen.
In this review, we expose the fantastic story that is building up in ZN. But before we get into the details, take a look at the stock’s price action.
For readers not familiar with ZN, here’s a little background about the company. ZN explores for oil and gas in Israel. The company’s operations are focused on the onshore Megiddo-Jezreel License (MJL), which comprises about 99,000 acres south and west of the Sea of Galilee.
Recent developments
On August 9, ZN issued a press release titled “Zion Oil & Gas Continues Drilling in Israel”. The release provided an update on the drilling operations at its Megiddo-Jezreel #1 well (MJ#1). ZN said that drilling at the well was progressing nicely and that it had reached a depth of about 5,850 feet, or approximately 1,785 meters. The company aimed to drill the well up to a depth of about 15,000 feet.
A few weeks later, ZN issued another press release titled “Zion Oil & Gas Management Travel to Israel for Upcoming Well Operations” on August 22. This new release talked about obtaining wireline logs and casing the next well interval at a depth of about 2,000 meters (or approximately 6,560 feet).
Zion President, Dustin Guinn, explained that they had decided to case the interval at a shallower depth than had been anticipated in order to safety and well integrity because formation characteristics.
The formation characteristics that led to the earlier than usual interval casing at MJ#1 well is actually something to be excited about. This is what ZN’s Senior Geoscience Advisor, Dr. Lee Russell, said about it:
“Recent drilling over the last few hundred meters suggests the possible existence of a highly fractured carbonate section in the Jurassic, which presents optimism for potential reservoir characteristics. Carbonate reservoirs are prominent in the Middle East, with around 70% of oil and 90% of gas reserves held within these reservoirs.”
Source:
ZN’s Megiddo-Jezreel License area sits entirely within Israel’s Levant Basin. Consulting firm Beicip-Franlab carried out a study of Levant Basin and published a very revealing report in 2015. In that report, Beicip-Franlab said that 6.6 billion barrels of oil could be found in the Levant Basin.
With the forgoing, ZN is saying that its drilling activities in Israel have the potential for yielding massive amounts of oil and gas that could dramatically transform its financial fortunes. ZN doesn’t generate revenue yet. But its balance sheet showed $5.9 million at the end of 2Q17, against long-term debt of less than $2.0 million.
Coordinated efforts to stabilize oil prices
With ZN’s massive production potential exposed, the next question is whether the company can actually profit from its drilling activities. For investors in oil and gas sector, a concern has always centered on price deterioration because of oversupply. But this risk is no longer as dreadful as it may have been in the past years.
Since at least 2014, oil and gas companies have learned their lesson about the futility of output arms race, if you may. This is why we are seeing coordinated efforts by oil and gas producers to avoid flooding the market with the commodities to levels that could destroy prices as it happened in the period between 2014 and 2016.
What this means is that ZN is gearing to enter the market when there is a little more price stability – and seemingly pent up demand for oil and gas.
In its report released on September 13, the International Energy Agency (IEA) said global oil demand will post its strongest growth this year since 2015. It cited stronger-than-expected demand for oil in Europe and the US as the reason for the bullish forecast. IEA further said that global oil supplies fell in August, marking the first such decline in four months and adding to the bullish out for oil and gas companies.
The IEA report followed shortly after the OPEC also released a positive industry report. According to OPEC, oil production by its members fell by 79,000 barrels a day in August – for the first time since March.
Declining oil and gas output and falling or slowing inventory buildup lead to higher prices that in turn impact the stocks of drillers positively.
Conclusion
Given the bright projections for the oil and gas industry and the cash it has to continue its well development, ZN could enter a long bullish run. This makes it a fantastic energy story for savvy investors looking to pick up profits along the way.
Thanks BCL fantastic write-up indeed. Here is the text to the link:
https://insiderfinancial.com/zion-oil-gas-inc-nasdaqzn-is-a-fantastic-story/171932/
For readers not familiar with ZN, here’s a little background about the company. ZN explores for oil and gas in Israel. The company’s operations are focused on the onshore Megiddo-Jezreel License (MJL), which comprises about 99,000 acres south and west of the Sea of Galilee.
Recent developments
On August 9, ZN issued a press release titled “Zion Oil & Gas Continues Drilling in Israel”. The release provided an update on the drilling operations at its Megiddo-Jezreel #1 well (MJ#1). ZN said that drilling at the well was progressing nicely and that it had reached a depth of about 5,850 feet, or approximately 1,785 meters. The company aimed to drill the well up to a depth of about 15,000 feet.
A few weeks later, ZN issued another press release titled “Zion Oil & Gas Management Travel to Israel for Upcoming Well Operations” on August 22. This new release talked about obtaining wireline logs and casing the next well interval at a depth of about 2,000 meters (or approximately 6,560 feet).
Zion President, Dustin Guinn, explained that they had decided to case the interval at a shallower depth than had been anticipated in order to safety and well integrity because formation characteristics.
The formation characteristics that led to the earlier than usual interval casing at MJ#1 well is actually something to be excited about. This is what ZN’s Senior Geoscience Advisor, Dr. Lee Russell, said about it:
“Recent drilling over the last few hundred meters suggests the possible existence of a highly fractured carbonate section in the Jurassic, which presents optimism for potential reservoir characteristics. Carbonate reservoirs are prominent in the Middle East, with around 70% of oil and 90% of gas reserves held within these reservoirs.”
I found the following PRNewswire writeup looking for the Marketwatch story mentioned by Dolphin (note the link at the bottom for the complete research report - I wonder if they will cover Victor's video update?) :
Pre-Market Technical Pulse on Independent Oil & Gas Stocks -- Zion Oil & Gas, Extraction Oil & Gas, PDC Energy, and Ultra Petroleum
BY PR Newswire
— 6:40 AM ET 09/18/2017
NEW YORK, September 18, 2017 /PRNewswire/ --
If you want a Stock Review on ZN, XOG, PDCE, or UPL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. On Friday, September 15th, 2017, Reuters reported that the Organization of the Petroleum Exporting Countries last week forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating that its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report from the International Energy Agency saying the glut was shrinking, thanks to strong European and US demand, as well as production declines in OPEC and non-OPEC countries. Pre-market today, DailyStockTracker.com directs investors' attention to four Independent Oil and Gas companies to see how current market conditions have influenced their most recent performance. They are Zion Oil & Gas Inc. (ZN)
Relative Strength Index (RSI) of 49.75.
On August 22nd, 2017, Zion Oil & Gas
) announced that it is making preparations to obtain wireline logs and case the next well interval at a depth of approximately 2,000 meters (6,560 feet). Victor Carrillo, CEO; Dustin Guinn, President; and Dr. Lee Russell, Senior Geoscience Advisor and Board Director arrived in Israel that week to be on site for upcoming operations at the Company's Megiddo-Jezreel #1 well. ZN complete research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=ZN
Do you have the link? If not can you copy and paste please?
Big bids on Dec 15 $5 calls just sayn' smart!
With the latest known ZN hydrocarbon zones over the same/confirming 350 meter pay zone already confirmed by Genie Oil, NOBODY in their right mind is selling lol ... just the mm's playing with their borrowed shares on borrowed time to keep the pps in check for a while longer as they devise their strategy... man's plans lol ha ha....
Great catch Tisdal. ZN is likely very methodically validating Genie Energy's similar 350 meter hydrocarbon discovery in 2013 - but keep in mind this discovery was made on the very hotly disputed politically charged Golan Heights.... ZN's Megiddo well is very close in proximity to Genie's Golan well site, but 100% not on contested "Golan Heights" land - a VERY BIG and POSITIVE DIFFERENCE in going production commercial! I am very confident that ZN is comparing and verifying the well loggings from both well sites -and this does take a little TIME. Patience friends :)
Side note, isn't it just like God to have provided this very similar topography Genie discovery w/well logging results to add VALIDITY to when ZION does make her announcement discovery? Will serve as confirmation! Keep praying Saints :)
https://www.oilandgas360.com/genie-energy-confirms-350-meters-of-net-pay-in-golan-heights-discovery/
Genie Energy Confirms 350 Meters of Net Pay in Golan Heights Discovery
in 360 Articles / E&P / International by— Oil & Gas 360
While sizable, it remains unclear if it can be economically or technically produced. Afek Oil and Gas, an Israeli subsidiary of U.S. Genie Energy (ticker: GNE) has found substantial amounts of oil and gas in the Golan Heights. According to the company’s press release, the resource is present at multiple strata and in some of the explored portions of the license are is up to 350 meters (1,148 feet) thick.
“We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters thick, so this is ten times as large, so we are talking about significant quantities,” said Afek Oil and Gas Chief Geologist Dr. Yuval Bartov. While the exact amount of oil in place remains to be determined, it will likely be able to supply Israel’s 270,000 barrels per day of demand.
Genie does not yet have sufficient evidence to determine whether this or any part of the resource can be technically or economically produced. Because of that, the resource does not constitute proved, probable or possible reserves.
“We remain optimistic given the results to date,” said Howard Jonas, Chairman and Chief Executive Officer of Genie Energy. “In term of quantity, our log results indicate that this could be a significant find if analogous conditions are present over a significant portion of the license area. We are now working diligently to determine the production costs and total quantity of the resource.”
Genie, IsraelMore concerns than the commercial
Genie’s position in the Golan Heights represents challenges that exceed determining whether or not the resource in place can be produced economically. Drilling in the area has be vehemently opposed by environmental groups who are concerned about damaging the area’s ecosystem.
A license to drill was initially issued in April 2013, but a series of appeals to the Israeli courts by organizations like the Society for Protection of Nature in Israel and Greenpeace, put all development in the area on hold until a December 2014 ruling gave the go-ahead to drill.
Adding to the complexity of developing the area, Israel’s sovereignty over the Golan Heights is still contested following the area’s capture from Syria during the Six Day War in 1967. The international community considers the Golan Heights as occupied territory, making development more difficult politically.
Regardless which side the international community falls on in regards to Israel’s claim to the Golan Heights, ISIS continues to wage a violent campaign across the border in Syria, making security a concern for any future development. Most recent rocket strikes in the area have been declared stray fire by the Israel Defense Force, reports Fox News, but regional experts point out that the potential costs and challenges of protecting future oil fields so close to a war zone, as well as the large target it would provide for enemy fire, could give second thought to companies looking to drill in the area.
Decent closing volume surge on tape. With Options out of the way for this month - Monday movement will be most interesting.
Speaking of Options Expiration dates and their effects on ZN's pps. My thoughts: Closing out the rest of ZN 2017 options we have Sept (today) Oct and Dec - no Nov).
Keep in mind October's option volume is relatively very LIGHT in comparison to heavy volume September and HUGE volume December seemingly centered around $5.
What I'm saying here - BOTTOM LINE - the time for the MM's to let the pressure out of ZN's upward mojo is going to be WIDE OPEN after today's 9/15/17 Sept Option Xpiry - all the way thru Dec 15 option xpiry (not too worried about October having a meaningful effect due to low volume).
Side note...December 15's Option Xpiry is going to be an absolute bloodbath fight - MM's will likely want to try and take ZN down from her high of the year to $5.00 - even if they are still sitting on validated hydrocarbon shows - but no flow testing / production just yet. MM's have ways of using articles etc to sway the public trading "sentiment" their way - at least thru the next Option Xpry :)
Happy trading y'll
Today is Sept Options Xpiry and it looks like the biggest mm telegraphed "peg" yesterday with the exact close at $2.50 was the big "tell" to the others boys to let her settle there today (or at least try and maintain - help not fight each other lol). MM's must have their big money on the $2.50 puts that they sold and want to expire worthless...
I was hoping the "tell" at the close of the tape yesterday was going to be steamrolled but alas... At this point it looks like $2.50 even will hold the day.
However, watch the flurry and volume of ZN buying at today's close - it could get be very very telling (possible big ZN update tonight with a crazy Monday opening... NOTE: the MM's have at least 12 hours of advance notice with their paid services and connections related to all upcoming updates subject to SEC disclosure rules)
Is it smart to be short over the weekend? Also, how many new traders are going to want to get in on a ZN position on the cheap provided gratis by the today's option Xpiry? The tape at today's close will be interesting to watch to say the least. I'll nibble a bit more if she stays under $3.50 for sure
Reminder: Perfect storm is presently brewing around ZN's share price and the "short" position MM's know it.
With the recent Victor Carrillo update, nobody is eager to sell their ZN shares. To the contrary, new investors in ZN are looking to get in and many existing investors are double down given the recent very promising hydrocarbon shows (and they are only half way down the well shaft... and with what is already known, ZN has a very promising 1,000+ feet zone of highly fractured, hydrocarbon shows)
The short selling MM's predicament is deciding whether to cover now as best they can or take a chance and ride it out hoping that this already promising ZN hydrocarbon showing well bore proves to be a total bust - a very big gamble with what is already know...
tick tock, tick tock ....
EVERY PURCHASE OF ZN shares right now on the ASK are buyers looking to either cover their short, invest for the promising flow test results or simply day traders looking to take advantage of a very real, eminent and epic short squeeze threat. Just one REAL GOOD update and BAMMM!
She may pull back temporarily but we are definitely witnessing a "measured" and "tempered" methodical MM walk up. My take is that once they have sufficiently closed out their current short positions (while trying not to draw attention) they will quickly spike it back up to $9-$15 (aka short spike selling surge like we witnessed on 7/7/17). This is of course so that the big boys can re-short at that level and then let her float around $7. It always spikes higher than one ever anticipates. What is your guess on the next spike?
First off it's taboo for insiders in drilling company to buy more while drilling- it's considered manipulative either way (unless a pre determined established pattern has always been in place). Opens one up to potential SEC can of worms. Also insider employees have loads of very inexpensive options so they don't have any need whatsoever to purchase stock on a open market. As for the question about who is selling the large blocks, my guess is that those would be the short market makers who have a vested interest in controlling the upward momentum so as to not cause undue excitement and attention. Also the MMS can recycle their own trading share blocks as often as they like and can in the short term.
Jason I was looking at the chart patterns and agree it looks like we're on the verge of a spring-board jump like June 19 and July 7 - spiking to $9 and leveling around $6. Keep in mind the mm's actually started this shake-out Monday 9/10 even BEFORE the release of Victor's tell-all 4 zone hydrocarbon show log update. The mm's always know the facts through inside connections and are a step ahead. What we are witnessing is clearly an intentional slow and steady climb. Will she pop or just walk up is the question? Either way we are looking at $5+ through end of drilling operations and flow testing.
ZN upgrade was in Fidelity. You should be able to Google it easy enough
Interesting: Thomson Reuters/Verus upgrades ZION OIL AND GAS INC from SELL to HOLD. BY Investars Analyst Actions - public — 6:03 PM ET 09/11/2017 On September 11, 2017 Thomson Reuters/Verus upgraded ZION OIL AND GAS INC (ZN)
Those $5 Dec calls someone picked up today for $25 cents could end up being a steal :)