If I’m reading this again and seeing that maybe you are considering the three year term as the max amount of time for a license. The max term is actually seven years so why would they not seek to utilize the full term? I think I’m missing a piece of this puzzle.

You are right in that it is a term of three years and not an extension of the existing license for 428. I’m not quite sure what to make up this other than this being something completely new as in a strict duration of time to accomplish something. As a “term”, what is the agreement for?

Consequences are dilution and no debt.

If the asset is valuable then a premium for the shares will be paid by the takeover party. What that premium would be none can tell for we haven’t assessed a reservoir size, life, and economics yet.

Couple ideas.

They “can” ask for a 428 2 year extension per law but they asked for a 3 year extension. The disparity is strange and not within the confines of the existing law. Not sure why. Certainly asking for an extension for such a timeframe leaves us without a doubt the commercial discovery option.

Extraordinary circumstances could also mean difficulties with completing/testing MJ02 like equipment failure/ troubles or the like, right? Completion done but there are instances of stimulation techniques that can damage a formation.

I’m with you. Chatted with a fellow investor from here for a bit and I am very happy with the 8K. There is just too much packed in all the latest filings that point to a very very positive future.

Another gem mined from the regulations there Tisdal. Thanks.

Stock market has lost almost all fundamentals of investing. Every news release is sold. It’s pretty bad what the Fed has done as well as what MM’s do to turn it into a casino. As stated there was One who passed through the heavens and took a seat at the right hand. That One is the most stable One in the universe.

If ZNOG makes a commercial announcement I expect the same type of market response and the volatility will be absolutely mind blowing.

Bid
OTCX 0.2405 100,000 08:58

Ask

OTCX 0.2775 136,880 08:00

Impossible.

The #428 expires on 8/1/2022. You will see much more happen before then.

If production the PR snd SP would answer your question. The price would liftoff like mentos in a coke bottle.

The funding via DSPP and warrants is through 1/2023 because a whale is feeding the funding by an order of 85%. If they are doing that you better believe they know more than we do and the funding for full testing of MJ02 is a done deal.

If this is the next Aramco I’ll faint, seriously.

I agree the signs are very strong and Israel could become the world’s largest energy exporter. This would make the world shake violently. The recent deal with Saudi Arabia to go public with ties strikes me as some very odd timing. We are definitely in interesting times.

That tells me they expect a modest pps rise instead of DSPP.

But then El-Harrar back pedaled and said she would honor all existing leases and licenses. What this does do is firm up the existing holders and keep away any competitive players if a commercial discovery is confirmed.

The PR is interesting in that no DSPP was announced along with it. This tells me they are all set funding and could announce one if a big commercial announcement is alongside it. May it be so!

God has all my chips

It all depends on what they release regarding a scholarly article on “Hydrocarbon shows” that I’m currently digesting and is blowing me away right now…

Some points found on page 43 in the 10Q:

“For the three months ended March 31, 2022, and 2021, approximately $11,427,000, and $2,849,000 were raised under the DSPP program, respectively.

The company raised approximately $2,585,000 from the period April 1, 2022 through May 6, 2022, under the DSPP program.”

“At March 31, 2022, we had approximately $8,221,000 in cash and cash equivalents compared to $4,683,000 at December 31, 2021, which does not include any restricted funds. Our working capital (current assets minus current liabilities) was $11,729,000 at March 31, 2022 and $3,303,000 at December 31, 2021.”

“During the three months ended March 31, 2022, and 2021, cash used in operating activities totaled $2,091,000, and $2,141,000, respectively. Cash provided by financing activities during the three months ended March 31, 2022, and 2021, was $9,428,000, and $2,850,000, respectively, and is primarily attributable to proceeds received from the Dividend Reinvestment and Stock Purchase Plan (the “DSPP” or “Plan”). Net cash used in investing activities such as unproved oil and gas properties, equipment and spare parts was $3,799,000 and $7,124,000 for the three months ended March 31, 2022, and 2021, respectively.”

“Subject to the qualifications specified below, management believes that our existing cash balance, coupled with anticipated proceeds under the DSPP, will be sufficient to finance our plan of operations through January 2023.”

“While we raised approximately $2,585,000 during the period April 1, 2022 through May 6, 2022, we will need to raise additional funds in order to continue our exploration and development activities in our license area.”

Good call! Spot on with release.

I’m fully aware of all those geopolitical theaters. It’s a possible theory and an offshore production field shared amongst several neighbors could become a point of contention while a major onshore discovery could be even more contentious where oil prices are high and global conflicts fierce.

Is Ezekiel 38-39 to be fulfilled based on oil in Megiddo? I’ve studied these chapters and the idea of oil there is not entirely secure. It’s open for interpretation. I think it’s a possibility. Certainly Israel will become greatly enriched in many ways leading up to the conflict.

That being said I’m still not sold on the idea the State is holding back info. ZNOG? Surely.

Over time I have come to dispel that idea of a silence from the State. When I studied the regulations and found that the license or lease holder could request secrecy that told me all I needed to know. But what stands out is the period of time before the Commissioner approves a discovery. On land is a bit more sensitive than offshore.

I would love to know the time frames for when the commercial discovery of this gas find was made by the commissioner of the Ministry of energy. That info would give us great insight into what ZNOG is up to. That is, if we can find out more detail information with regards to what Energean was doing from the spudding of the well to the completion and testing.

Agreed on most points.

MJ01 could be considered a wildcat well and MJ02 is called an exploration well based on follow up data acquisition. Terminology changes often.

I like to see all avenues available for Zion. Zion Drilling Services LLC and Zion Drilling LLC are indeed registered and would probably need to be licensed to work in Israel (not sure if so). At least they finally have a rig and team to run it after 20 years. Not having to contract some services does help to simplify and streamline projects. If commercial discovery is confirmed they could grow substantially if the oil is brought to market but a significant amount of time would be needed for growth and building. The greater the reservoir economics the greater the growth considering they are not swallowed up in an M&A.

Talk about a dramatic change in prospects if we realize EROI from a sizable reservoir of oil or gas! I think all of us would be walking with a spring in our step and a song in our heart. Now if gas is found instead of oil that would still be absolutely fantastic because the factors promoting growth in gas are stronger than oil. None can ascertain what the global demands will be based on new rules and regulations from the elite globalists. The money and the power reside with them. Nuclear and NG are extremely popular in the years to come. France has streamlined like 8 new reactors to be built. China has who knows how many in the process. NG and LNG will be seeing new cost pushes until determinations are made wrt timeframes on Nuclear (which will take many years!).

Oil is one of those dirty little secrets and after many years of divestment, lack of production, and outright hatred I suspect the masses will realize how many mistakes they’ve made in optics regarding it’s future. Government, the Private Sector, and Regulatory bodies could very well back pedal if middle and lower classes suffer unjustly. I could spend hours on how ESG has destroyed opportunities and how the EV pipe dream will face a clogged line. I do believe they both have their place in the future but the way .gov handles things leaves much to be desired.

Quite a few of those questions in the article have already been answered as well. A good amount won’t be answered too just knowing how the asm went last year.

You are certainly very passionate. Let me clarify something. A “commercial discovery” is only a discovery once a certain criteria of testing ensues, is evaluated, and submitted to the MofE Commissioner for a review within 6 months time to be confirmed before the announcement is able to be declared as per law.

ZNOG stated they had encouraging hydrocarbon shows and that could easily have been very substantial shows but the facts remain that any reservoir must be evaluated for commercial viability. There is no legal precedent for ZNOG to share any more info as they are fully under the legal framework of Israel. Them not stating anything concerning a “discovery” does not break any rules for the SEC. You know why? It’s not confirmed to be a “commercial discovery”

What happened the last time they said, “We’ve found oil!”?

They don’t need to file anything until the Commissioner approves the “discovery”. It’s as simple as that and when the data confirms it, is delivered to the Commissioner, that person has 6 months they declare it so by law. What power does the SEC have over the State of Israel?

Worthless post

There will most likely never be 50-100 let alone 10 wells in Jezreel where the production field may be found. One well will easily have multiple legs with newer technologies. There are just too many agricultural fields and fresh water aquifers which are much more precious than energy production. Those kibbutzim settled there during 1948 and only the population will increase in Israel.

The dreams of that many production wells and $1000 share price are just not based in reality. Just my .02.

For sure. I like to be balanced but I do like to aim towards brighter outlooks.

Lo, we’ve got that pullback now. -25%

Well said

“The Annual Meeting webinar provides us the opportunity to present a review of our current exploration activities in Israel and our plans for future operations…….”

Wow nice one Yoda! I guess you feel like I do.

That would be a continuation of an extremely bullish pattern. I expect some consolidation soon but we haven’t seen it yet. Shorts must have been taking massive losses this past month. It’s quite possible we continue this “march” right through May. Just gives me that bullish feeling.

And the Dow was flirting with 1k. Amazing to see green in a sea of red. ZNOG technicals look excellent over the last month. I’d like to see a close over .27 eod.

Most excellent. This is turning out to possibly be one of the biggest stories in history.

“”But if I am right and Zion have hit the jackpot, private investors are in for a good Summer 2022 and I maybe driving a Bentley before Christmas.””

Sure I’ll take one too ;)

We broke .25 and now we’ll march to .30. It’s looking very good this month while historically May is very weak.

My brother lives in Webster and I have a cabin on Wellesley island. If not for the politics I would spend more time in upstate since it’s a beautiful landscape of rural hills and pastures.

What’s the difference between a 13G and a 13F?

May God bless you all for your faithfulness in giving towards this cause even while sustaining long term unrealized losses. My first buys were .81. Averaged down to .26.

I’m an old soul?

I think his was around 2009 or so