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multiple things...
there is no active petroleum system!
that was only used to string the investors along for more to be collected
another CEO resigns..
and its mentioned there were no issues, and the split was mutual, or something similar..
would there be any other way to change ceo's ever so often with a negative report with an internal issue and not have the investors want to leave because of it?
rinberg suddenly vanished after previous failed attempt. carillo was in hot water for his personal actions, and stepped down to avoid the company any negative attention.
now guinn resigns after most recent attempt fails.
ITS ALL TO SAFE FACE
but the bottom line has always been that zion NEVER started with something small to prove they could find oil even in texas, and then had some sort of revenue. no matter how small it was.
after 20 years of finding nothing, and running an exploration company different than the norm due to religious outline, this company would have folded long ago.
there has been no reason other than hype or wishful thinking that zion would find anything, that had the stock price anywhere over a buck at any time..
the price as its seen is the real reflection of the performance of this company.
the reality is now setting in, and zion will be delisted and end up in the abyss.
but hey, a number of people got a salary for how long, without giving their investors anything but false hope and hype.
ITS OVER FOLKS. WATCH THE SP HIT ROCK BOTTOM BY END OF YEAR.
PW
JRyan.. I read your reply..
and ness did drill..
https://www.gulfoilandgas.com/webpro1/MAIN/Mainnews.asp?id=475
the main issue for hayseed is that he had a split in between the part the shareholders were in with ness international, and the part only a few had part in which was ness of Israel.
after Hayseed was removed from the planet because he didnt fuse the 2 entities together as was told, his son Sha squandered the money we had and eventually ness went under.
for the last year or so, the man that did take over the whole outline used to work for ness so many years ago in David Boyce, and he has attempted to retrieve the old records from hard drives to prove to the sec what they want to see, and get ness trading again. some of the info was not retrievable so its hindered the comeback.
so for all the ness shareholders, they know what its like to be reduced to nothing over bad business decisions.
as far as the name ness, it means "miracle".
and I believe it will be one. John Brown is doing the same in how he has run zion that will lead to same result. delisting and being on life support.
there is no reason that zion stock price should have ever made it over a dollar considering it never found commercial quantity oil. it was all over hype and pumping the stock either with scriptures to the flock, or some fancy drill jargon that lead to nothing..
its time for the ness dry bones to live again.
there are many who hold over a few hundred thousand shares that would like to see it live again. it will be a true miracle.
PW
Zion Oil will be trading places with Ness Energy...
just like Hayseed Stevens and son Sha did by running the company into the abyss, John Brown is taking Zion Oil.
Ness will live again, and by that time Zion will find itself at the bottom on life support.
I prophesy that because John Brown didnt do things according to the plans of the one who created crude oil, He will end up with the same result that Ness and Hayseed Stephens did...
And another person leaves the position of Zion CEO. Theres enough info to write a book on this whole ordeal.
PW
Israel says there is big oil?
so then they know where it is because the've seen it all through the earth?
why is there a problem then drilling a simple hole and tapping into it?
the whole premise that zion is going to do a 3D is a total smokescreen for more delay.
thats admitting they licked a finger and stuck it in the air to determine where they drilled.
they are admitting they are totally unworthy of honoring the investors money given to them.
they make sure they get paid, and give nothing but excuses when put on the spot.
and oh, by the way, the sec is still investigating.
any money they are given is covering any legal fees I can assure you.
zion put a post on facebook that says... "Israel’s energy officials believe a deep oil system could extend across an area where it is offering blocks to prospective oil and gas developers."
yet the picture shows a rig in the water and not inland
this is to try and ring the cash register again..
its only a matter of time when zion is delisted.
PW
the facts are obvious...
this company has bled many of their money, and now some of you know how it feels to have the rug pulled out from under you.
but it didnt make it to 14 dollar land where myself and others bought in the last go around when zion showed a small container of so called oil and the white baseball cap to send the stock sailing upwards.
then to be told they had nothing.
now its happened again.
for people to believe that they can do anything with this by now having some 3D work done is more smokescreen to delay the inevitable.
you DONT do 3D after a drill, you do it before so you know whats down there.
it amazes me that many still hold onto the words "active petroleum system" when they have announced it brought up water, or that they never reveal the percentages of what they claim says they had oil.
the proof is in the pudding. this has strung out for years bleeding the believers of their money. now another ceo is history. ask rinberg why he left.
look at givot olam. actually bringing some crude up to the surface, yet they shut down.
Ness energy is about to come back to trading. the final court issues are finishing up. I can say ness has a better shot than zion does at finding the crude. and its by the dead sea or lake asphaltitas.
https://www.bible-history.com/geography/ancient-israel/lake-asphaltitus.html
PW
active petroleum system?
what do you say makes it active?
having to spud the well just to get something out of it?
an ACTIVE volcano spews lava and ash on its own....
PW
zion raises 5.3 million in offering
https://www.zionoil.com/updates/zion-oil-gas-ceo-dustin-guinn-results-of-unit-program/
PW
success?
after 4 previous drill attempts and thus far on number 5,
they have found nothing.
success in blowing 170 million? absolutely
PW
tell me something...
how does zion announce they have an active reservoir after declaring they saw some oil mixed with the mud that had to be forced up?
and then avoid announcing how much oil compared to other contents?
how does that even qualify to announce a reservoir is in the well?
then all the delays.
the ceo leaves either under pressure of investigation, or he does a rinberg because theres nothing else going on.
dustin had no job until they brought him into zion. its not like they just picked up aaron rodgers that was not on any team.
its all been smoke and mirrors.
I believe there's crude oil to be found in Israel, but outside a prophet knowing where x marks the spot by getting divine coordinates from on high, someone needs to come up with technology that can see through the ground. the prophetic words declaring the future of America and Israel to be energy independent are absolutely true.
zion claims to be doing things right, but I along with others suggest they havent.
not that I want zion to fail, since I had my nephew buy this when I did.
I am fully for blessing Israel with the energy. I am a jew with connections to 3 tribes. Judah, Ephraim, and Manasseh.
the faith realm mixed with the operations of zion wasnt the outline to find the oil.
PW
just looking at that sec report....
Overview
At present, we have no revenues or operating income. Our ability to generate future revenues and operating cash flow will depend on the successful exploration and exploitation of our current and any future petroleum rights or the acquisition of oil and/or gas producing properties, and the volume and timing of such production. In addition, even if we are successful in producing oil and gas in commercial quantities, our results will depend upon commodity prices for oil and gas, as well as operating expenses including taxes and royalties.
Going Concern Basis
Since we have limited capital resources, no revenue to date and a loss from operations, our financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. The appropriateness of using the going concern basis is dependent upon our ability to obtain additional financing or equity capital and, ultimately, to achieve profitable operations. Therefore, there is substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
so how I read it is they wont have any revenue unless people dig in their pockets more, and even then they may not be profitable due to costs...
the only thing they can say is oil was supposedly in the mud, which had to be forced out. and again, no data on how much. then the CEO leaves. hmmmm sounds like a richard rinberg move.
read between the lines folks, just like last time when rinberg walked away and they announced zilch, the very same is happening again.
I predicted 1.20 as close today. only .13 off now to see that 1.00 or less by friday.
PW
right on que tisdal...
the facts are zion has no money.
they are dangling the carrot in front of anyone to send more their way.
they use the excuse for holidays in why they wont do anything for awhile.
if zion had anything, they would already know it.
but instead because they wont tell anyone the concentration of that blip of oil they say they had tested by 3rd party, the "delays" continue.
it doesnt matter how much dustin knows. he came in after victor and crew already started this hole.
then the bigger question... why is victor leaving? its always a mutual agreement, but is it? is he part of the investigation the sec is looking into, and resigned to have the attention get away from the company? nobody in their right mind would ever walk away from owning a gold mine.
thats the answer right there. there is no gold mine.
stick the real facts...
the equivalent is saying I have the winning lottery ticket for the next drawing...
any guesses on how many will be bailing come opening tomorrow? SP closes at what monday afternoon... $1.20 ?
what do ya think cascade? 1.00 by end of week?
PW
thats the issue in itself cowboyee...
you were told that a number of things are fact,
but they give no support to back up what they are telling you.
everyone can repost the list 1000 times, but outside zion telling you theres a reservoir, they did NOT supply any info on the percentage of oil to the rest of the liquid that came out of the ground.
for zion not to state that fact backs up the others that there's no facts to support what they have said they have.
how many times does a exploration company get to keep asking for money, before the shareholders make them accountable?
after the second attempt, zion should have drilled in texas to get something as far as revenue.
you can send faith books to people's houses in trying to have them give more money, but how much in losses will god allow before people find out that this company or area isnt His will?
how many MILLIONS of dollars have been spent on finding nothing compared to how much has management collected as a salary in the process?
PW
nodrama...
they still have time?
the point is if anyone is to pad zion's wallets anymore, they are a new round of christian investors that dont know zion's track record with all the dismissals/departures/lacking accountability.
this will be it for zion, since they will never receive enough to drill a new well.
either this one brings revenue, or its done.
why sell now?
if not, you will be in same place ness has been for years. many more will feel what I did on last go around. how a company that had nothing ever made it to 14 a share is beyond me. maybe the sec should look into that as well.
I see that the rig that zion is using moving toward dead sea.
ness will live again and find that crude...
PW
porgie..
there must be a rule that when you are exploratory, you shut down, but when in production you just dont work on the sabbaths or high holy days.
and when you are not on land. different rules for being on the waterways...
PW
spike says...If it was, why would the CEO walk away? If he was getting ready to be involved with the “find of a lifetime”, one of the “biggest finds ever”, in one of the most important places on the face of the planet, why the heck would he walk away?
you hit the nail on the head my friend.
how many times did I mention rinberg just waking away from the gold mine?
no accountability whatsoever at zion..
there shall be no more delays... uh huh
and porgie is spot on with the holiday outlines.
its all an excuse to delay (more delays) for the cash register to fill up again...
the last time zion was on the fence, they had just enough money to go wire a hole, so it made it look like they had something going on.
the end result was bad news, just like it will be again.
someone asks, why doesnt Israel government throw a few coins their way? why should they? there's nothing there...
PW
well #5 is different than the other 4
this time they didnt tell everyone its a dud as early...
PW
they will disregard anything you have to say.
they are getting paid by the plantiffs, and your words are meaningless in their task at hand.
PW
study the facts...
zion has no revenue
has never found anything in previous 4 attempts
didnt use 3d imaging to analyze any area they have tried to drill all because of cost, yet blows how much money on all the delays?
so many people in management have come and gone its hard to keep track anymore.
and its never someone coming in that already had a job somewhere else because of what zion supposedly has. they all didnt have a job and then came in.
oh those mutual departures like richard rinberg. if zion was the real deal, why would anyone ever want to leave?
look how many financial managers have come and gone? take some pay, and go away.
all signs of a company with no integrity.
how about the fact that if it wasnt for the bankrupt drilling company doing the drilling, nobody else would even work with zion?
and to have others keep saying its the shorts that are involved with the sec, Id say after reading that whistleblower document, its much more than that..
if zion was totally transparent, they would have said what ration that so called honey oil was to the water, considering it had to be forced out.
then the verbage about the asking for more money, that has zion basically saying they know their stock is going down to pink sheet levels.
those are the facts.
PW
tisdal,
with all the times you have reposted the same info about zion laying it all out,
I see it that you're the one speculating.
zion did NOT give any data on how much of what you post as "light" oil was in that sample.
its just like last time. show the jar of oil to make people think they have something..
and the result was ????
PW
cowboyee...
sticking to the facts?
they are that zion said that if they had to say if well is commercial, then the answer is no.
then the only other thing there is said is there was oil in the drilling mud, which they wouldn't detail the percentage contents of that info.
so what else are you sticking to that says they have anything?
PW
after reading that whistle blower info...
Id have to say thats way more than the shorts trying to take a cheap shot at zion.
and as for the books not balancing and executive salaries not being a big deal, I will disagree.
as for zion making a mistake in saying that the well isn't considered a commercial well, and that they screwed up, zion had to say something considering all the delays in any PR's.
there will be no more delays !!!!
yet thats all there is.
remember the integrity on the last go around. show a container of oil and a hat, and make the SP hit 14 bucks a share. yet they didn't have a thing.
thats your clue right there in deciding of this company is legit.
management keeps getting paid, until another truck load of cash comes in at the asking.
PW
about 5 years ago I went to a gathering in st charles missouri
where there were prominent speakers in the prophetic sense, and the gathering
lasted for 3 days. on the last day, when everyone met in the huge conference room
there were hundreds of seats row upon row, and every seat had a zion oil flyer on it.
so JB and zion look for these events to try and collect funds..
PW
zion has everything to do with YHWH.
because of the strict Tos, I altered the word to another many will know.
all of the faith factors many hold here are from YHWH
PW
I totally agree Flatron..
I dont expect to recover my losses from Zion
I will get it elsewhere...
PW
thats exactly what Im saying is going to happen...
tis the season for the transferrence of the wealth to the just..
the amount of money in the hands of the wicked is immense.
a half a billion will be no issue to move.
450 talents of gold.... pointing the spear at Ai
https://www.facebook.com/JohnnyEnlow77/posts/2358809451052548?__tn__=K-R
PW
it will be the same company...
just run by someone else, and revived.
why? to reward the original shareholders.
has anyone ever heard that you can seek payback from you losses by asking/praying to YHWH?
when the enemy steals from you, he has to pay back at least 7 fold..
PW
"I am just shocked someone would revive it."
will those dry bones live again??
is there any difference between these companies in that the faith factor is involved?
PW
like I said before, theres no way that ness will be able to raise any funds considering the past
and the old shareholders wanting to cash out or even stay long and do the faith thing.
the money will be fronted to pay for the drilling, then there will be no dilution of the original shares.
PW
no denying that.
well janice, hayseed had the part of the company that was to benefit with finding anything in Israel, separate from ness energy international.
he was told he had so much time to fuse the 2 together.
he didnt listen and he was removed from the living.
all kinds of things happened after that which put it under.
a former director from the beginning days has taken it over now, and is restoring it.
going to get back to square one and finish the job.
PW
eventually there will have to be a SP..
then you have so many shares on account.
I will predict that many that still hold will unload them if they can at break even point.
that may be hard to do without any activity, but ness is no different than zion
in regards to getting what you want, going long, and wanting it to hit big.
just finding oil will make it jump. zion made it to 14 without finding anything.
PW
what other "old" shares are there besides those who held what they had before delisting?
I have a bunch in my brokerage account, as many others do.
no doubt the start will be pennies, but imagine having a million shares when it hits 50 or more a share?
PW
yes zero, for now
by the time My Boyce gets ness trading, the finances to get back will be in our hands.
maybe a rig will available by then?
it just has to find its way to the south end of the dead sea...
PW
zion has no other play left.
this is all there is. if they don't find it, zion is done for. if they find a gas well, and can create revenue, they can survive another day...
this #5 is the biggest dilemma for an investor. that faith realm tells you if you stay in and maybe chip in a little more, and the rewards will be immense.
but on the other hand, what walks like a duck continues multiple times without finding anything other than discouragement and disappointment.
PW
right on cue... Zion is asking for more money to finish...
Zion Oil & Gas Launches a New Unit Program to Support Additional Testing Required to Evaluate Reservoir Potential
https://www.zionoil.com/updates/zion-oil-gas-launches-a-new-unit-program-to-support-additional-testing-required-to-evaluate-reservoir-potential/?utm_content=buffer0c5f1&utm_medium=social&utm_source=facebook.com&utm_campaign=zion
PW
yet ness is about to start trading again...
hayseed is gone, but the company has a new life after original management put it under
will these dry bones live again??? yes they will
I am more on board with ness than I am here.
Dead Sea is the ticket...
PW
you're kidding right?
if they had anything worth money, there would be people all over that place.
are they there? NO
they have no evidence its commercial. they said so themselves.
speculation and wishful thinking.
track record shows they are and have nothing
PW
so zion by putting a picture of a container of oil and the baseball cap
last time around where the SP shot to 14 dollars isnt misleading?
then to be told that they didnt find anything. put that before the courts of heaven...
PW
loans need collateral..
like finding oil in the past....
married 50...
if zion had enough evidence of a commercial well, they would already received the attention of bigger entities.
but they haven't, because they don't have anything other than wishful thinking.
zion needs more cash, but they wont get enough to do anything more.
then the company will just float along after running out of money doing nothing.
at least management wont get paid by sitting around on shareholders dime after the piggy bank is empty.
after JB made what 600 grand for his salary. he should be well off enough to retire.
as long as his retirement home isn't prison.