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Quote from Bruce:
“So where did you hear that the well was completed? From the same source(s) that gave us the bogus Facebook pictures?”
From the May 11 PR:
“Zion’s MJ-02 well has been completed through casing, liner, and cementing.”
You’re not paying attention.
Read the PR’s, news updates, analysis from us, and then make a valid claim.
It’s a request for the full term on #428 AND a new license of 7 years for the entirety of the original 99k acres as new license #4**.
Again, you are accusing by implication, The State of Israel, as being in on the “SCAM” that Zion “is” promoting. Because of your inherent bias you deny the authority and force of the Petroleum Law of 1952 which states in regulation 22 (a),(b) thus:
“PROGRESS 22 (a) REPORTS
A licencee shall submit to the Commissioner, in such form, at such times and in such detail as may be prescribed by the regulations, reports on the petroleum exploration carried out by him; the licencee may require that the information supplied by him in the report shall be kept secret to the extent that it relates to prospects of discovering petroleum.
FINAL REPORT 23 (Amendment 1965)
(b) A licencee shall at the time of drilling, carry out tests and measurements and take samples and retain samples and forward them to the Commissioner as the Commissioner may demand, having regard to the other tests and measurements carried out by the licencee and to the damages which may be caused by complying with the demand.”
So by saying Zion is a “SCAM” you are imputing deceit upon Israel because at this stage Zion has submitted mud logs, wireline logs, core samples, rock cuttings, hydrocarbon samples, etc already to Israel since drilling began on MJ02.
And of course all the massive amounts of this data which is given daily to the Ministry of Energy since Day 1 is also a scam? Are you implying the State of Israel is also in on the scam as you so claim?
Trying as hard as you can and you still can’t answer that question without inherent bias.
Here’s a question for you.
Why is a well completed Bruce?
Delaware is a popular financial hub.
I thank God for the funding to complete this well and the participants are to be thanked as well.
I’ll be curious what kind of money the participants will throw at ZN once a production field is delineated.
Great post and great questions KyOil.
It appears so but no firm ID of the brand/model is known.
Three tanks since early 2021.
Two of those tanks were exchanged in mid April 2022 for different storage capabilities.
I sure hope so!
Virginia was too busy sending out a package.
I share that view as well if they can pull it off. So far in my eyes this well is a veritable miracle having been completed, cased, and cemented after the wellbore clogging and torque ring breaking.
The shales discovered under the erosive upper Cretaceous formations across the entire 3D survey were exactly the same as Givot Olam’s Meged petroleum field.
Totally caught that right away. It’s one of the golden nuggets in that presentation by Russell and Kness.
Thanks Cowboyeeee
Bless you in the Name above all names
Yes. I read that and will be working though I’m one spirit with you all in this matter.
I’m East so I’m wondering what the 11am peak trading will look like or if a halt was put in place. If there was a halt pre-market I might faint lol.
Praise the Lord for all you faithful ones.
7am West
8am Mountain
9am Central
10am East
Ast asks me about other accounts like my Fidelity so if we use an analogy one votes but many shares over many accounts like:
“One zone of interest” with “several zones of interest”
Based on what I’ve seen stimulation has not happened. Only DST has “likely” been performed.
As is with all oil and gas exploration, pictures and videos are simply a blip in time on an ever changing environment filled with action. While they garner good information and help speculators make decisions the buck stops with management.
It is Zion’s turn to tell us these things now.
The details of the software they use I am not sure of nor of all the reservoir characteristics but one truck is for interpretation and the other for the wireline/DST.
They could do this in late July but the timing of doing this during the Shareholder meeting is intriguing. I know investors that are getting a white glove treatment there right now from overseas.
That being said, pictures indicate PSI has equipment there verifying at least the reservoir testing is being performed by them and because they are performed well stimulation services they also could be contracted for stimulation as well.
Not an expert but I do eat my Wheaties and stay at Holiday Inns.
Dunn publicly states they will definitely be stimulating the well, ie. Fracking with acid, nitrogen, or another substance.
May 11 -
“All well-testing, completion, and stimulation equipment are at the Haifa port or on location in Israel for the next phase of Zion’s operations.”
Feb 16 -
“We are pleased to announce that all necessary services for completing the well, along with enhancement and reservoir testing, have been secured.
Zion has partnered with some of the leading Petro physicists and stimulation experts in the United States to plan the next phase of the operation.”
It is a possibility that the shareholder meeting begins with the gavel and is immediately adjourned due to no quorum
It’s a great unknown but the subtle info I am aware of keeps me bullish. It’s the silence from management that bugs me wrt what’s going on the drill site. Why should we do all the leg work?
Married50 I agree.
History shows the ASM is simply a business meeting required by law. The operational update after the generics will be the material news we are looking for. How Dunn and Jeff address the questions and handle the meeting will show what’s in their hearts.
MM’s just setting the bid down really low all of the sudden around 2:40pm to force the ask. Stop losses certainly were triggered but ZNOG is the day trader’s dream, isn’t it?
For the bids to be dropped on Level2 all of a sudden just shows how easy money is made by firms like Citadel and GTSM.
Don’t forget FlareStackgate lol
Cleared that up with a bit of detective work. Thanks to the pros that give meat to the bones!
This is enlightening to me as the sole funding for the DSPP being D. Ellis based on increasing his shares would reflect the 85% for Q1
He only owns 8.23% of the float. It was stated that one participant funded 85% of the DSPP.
Page 24 of 10-Q
“During 2021, two participants who participated in the “Request for Waiver” aspect of the DSPP contributed approximately 67% of the cash raised through the DSPP. During the three months ended March 31, 2022, one participant in the “Request for Waiver” aspect of the DSPP contributed approximately 85% of the cash raised through the DSPP.”
I guess despite understanding of oil and gas things the financial filings escape me.
How does it pan out for D.Ellis being the 85%?
Are you saying the 85% over Q1 is a person and not an entity? I thought we only knew they were “participants” and being that D. Ellis filed we know him as a “person”.
Also tisdal I wonder if you can give me an idea of the actual retail float numbers not including the shares locked up in the DSPP. Thanks.
Most def.
You don’t double your position to 40mil without some impressive bullishness.
She talked to several crew members.
It’s there onsite. It was up but take down after a few months. This could be because the testing is completed, the location of the stack needed to be changed, drill rig might be taken down for a big acid frac job and equipment needs to be brought in, or who knows. Multiple scenarios could be happening with a drill site in flux.
Waiting for a flare stack that is installed to show fire at night might be preemptive if testing has not commenced and production tubing is still being installed. There are too many variables happening to keep me focused on these finer details.
Bottomline Dunn needs to cough it up and/or all the questions we’ve remitted that tisdal sent along to Andrew need to be answered. It’s on management to give reason and confirmation for a rising share price.
J/K. It’s MM magic. Partaking of these dips is smart if you did. I’m just long and in the green. I don’t bother flipping shares although I could have realized a lower cost basis which would have been nice.
I blame you lol
A gas scrubber
Yes. DST. Wireline. And……acid fracturing.
So it’s still just 3 tanks from a week or two ago. A shadow was cast that made it appear so. I’m still studying the pics for some added equipment that was not there before.
What are your thoughts on the lateral run across the pit?
Absolutely Tim. Absolutely. I see a nice film on top too.
I can’t post pictures. Look for yourself and count the shadows from the southern face of the drill site.