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I remember all to well seeing Zion Oil ring the opening bell in January 2007.
The following year on a trip to Hawaii I read the book Epicenter by Joel Rosenberg and how Israel would find oil. He talked about Zion Oil....
But then coming across the news that they were ringing the opening bell in 2007 my wife and I bought our ticket on quite a roller coaster of highs and lows...
Ironic too that the Leviathan massive gas field that was discovered in 2010 began pumping gas to Israel and Egypt beginning of 2020... timing is impeccable!
Excited for 2020 !
If you all thought today's move was huge. Back in the day ZN went from $7 and over $14 a share from around 2:30 pm to the closing bell. In one day!
This stock is a rocket. ZN has been sleeping but today woke up. Good days ahead!
One of the most sensible posts on this board.
We are about to LAUNCH
Big MIRACLES happen when everyone else is negative
I have believed in Zion Oil since 2007. Yes... Seen the days when stock went to $14
Great things in life have to go thru the trials to be victorious.
LOOK UP!
I can say I never lost money because I invested long term. This is the time of sifting but that time is coming to an end and doors WILL open for Zion Oil
Good post Jryan... Israel is a blessed land and that includes the blessings of the deep.
I watch with anticipation and Israel is the land of miracles, and Zion Oil is led by the Spirit.
Thanks Cowboyeee for reposting their plans for the 3d seismic....
Zion Oil is moving forward.... With the help of the one above they will find oil... The promised land is not lacking, but the discovery of the oil on land will come at the right time!
Well said Jackleg1
I have been invested in ZN since 2007. They have been sustained at every turn you have to wonder is there a guiding hand from above that keeps bringing the company back to life when all seems hopeless ?
The answer is yes! You are right. The management has integrity and honesty... and have a noble vision.
All great endeavors in history went thru the trials before a dream became realized. Zion Oul has a strong foundation as their goal to bless Israel making then energy independent and when oil is found commercially to give all the glory to God.
That is a vision I can get behind. I too bought more share as I believe in what they are doing.
Thanks for posting that Cowboyee... I feel that is why we are seeing huge upturn in volume and stock price rising.
Nasdaq is moving them to the Nasdaq Capital Market because they still are in compliance in their governance structure and accountability with the SEC. Originally they had until beginning of July 2019 to get the bid price at a minimum of $1. They are given now until January 2020
That tells you also that these law suits are baseless and they are about to put that behind them.
As Bill Avery said they are moving forward with their plans to do 3D seismic around the MJ1 to answer questions to determine how to move forward as the MJ1 confirms there is an active petroleum system.
Remember, out of all the wells drilled this is the only one that oil and gas was flowing up freely from the bottom of the well.
I think with this extension from NAsdaq to be put temporarily on the Nasdaq Capital Market and not delisted from Nasdaq it is a very positive development. And a turning point.
Mark today... 33 cents is bottom. Moving on up! Over 2 million shares traded today.
Don't underestimate Zion Oil
Back when I invested in 2007 something deep in my heart knew that this is a special company. At the time they were even sending out emails if anyone knew of where they could get a rig since it was so hard to get one in Israel. Oh how far they have come.
We have come so far. Don't underestimate what seems impossible. This company is special and all big things in History come with seemingly insurmountable obstacles..
But remember they have said they have discovered a Petroleum system. They just need more capital to know the next steps to bring forth the oil.
Today was a pivotal day. A day when we RISE... A beginning when the naysayers will be confounded once more.
Faith is the key
Remember John Brown has been on this mission for almost 40 years. Patience and trust and perseverance will pay off!
Looking forward to the bull run as well Joecanada.
VRUS just came across my radar this morning since it is high up on the most read board on Ihub. Putting in a buy order at opening bell with great expectation! :)
Looks like a good product, and from a technical standpoint the stock is poised to rise. Which is always a good thing....
I agree Tisdal that they found oil at at the bottom of the well that was free flowing to the surface. I take Zion at their word that oil and gas was flowing up 2/14. No doubt... But as you said there were not fractures in the rock at the bottom of the well.
I believe too. Zion Oil & Gas is a miracle company and really as John Brown has stated their company solely exists because of FAITH
The fact that they have made it this far is a miracle. But it is the one who created the very depths of the earth who will get all the GLORY in the end.
I am sure that there will be surprises in the days and months to come with those believing in the Vision of oil for Israel that money will flow in as new plans are made.
Every great thing in life has come about with many many many set backs and failures. Only to see a miracle in the end.
My shares are not for sale either. For my wife and I see it as seed money that one day will bear fruit. We had considered this a long term investment. In God's eyes as 1,000 years is but a day, really it has not been a long time.
Still look with anticipation knowing that one day oil will in fact flow in the perfect timing.
Beautiful chart! And like you said we are 80 % to the apex.
I am thinking of ZN now like a speedboat idling it's engine until the water skier or all of us water skier's on the back gets into position. Though I have been behind the boat since 2007 :)
Getting very close to launch time. God's timing is always perfect. Really looking for news to be timed perfectly with what we are seeing in the chart pattern.
Really appreciate your post.
As one who also understands technical trading.... very cool to see a ascending triangle forming. We are actually nearing the end of the pattern to break out northward.
Be encouraged everyone. I agree that news is coming soon!
I agree. We are in the final stretch of the race, and we have just turned the bend and can see the finish line. :)
I too read stock charts....
Looking at the short term at 5 minute and 30 minute candlestick charts I would say that there is a possibility we can close over $2 a share today.
Actually $1.88 is a support and level that goes back to 12/2017.
That is when the stock was dropping and stopped at $1.88 to begin rising going into 2/2018 when the news hit that oil was flowing up from the well then rising up to around $5.50
On weekly charts $2.13 is the 200 day moving average. Daily charts it is in the $3 range but on weekly charts it is $2.13
Big question if we can hold over $1.88 which was when the reversal happened in 12/2017. Hard to say. If so we will need to break above on weekly charts the 200 day moving average at $2.13
If not then we will consolidate down around $1.50
Will be interesting to see how things will play out while we wait for direction and clarity of how Zion Oil is moving forward.
But I agree that this well is not done. Only a hiccup as unanswered questions are answered. Good news is that there is a petroleum system that they have drilled into. Now they are just getting more insight and knowledge to understand the geology to know how we can bring forth the blessings of the deep!
Mark today 8/8/2018
Definitely pivotal day after John Brown recast the original vision and scriptures dating back to 1983 when oil for Israel was put on his heart.
I too had trouble sleeping last night pondering all that is transpiring.
Peace that passed all understanding is all I can say I feel right now.
Why send an email like that if they are still a week away from an announcement ? The announcement must be imminent.
It is very calculated for John to put this message of Faith after silence from the company since June... Of course he would have talked this out with everyone in the company so that they were all in unity to put this out.
And he put it out after hours......
It would only make sense that Zion Oil is planning to release an announcement of the results now right away as an email like this creates speculation in the heart of investors. This period of silence has been very sensitive.
His email was not an email like in the past asking for prayers just stating that their company was built on Faith.
I would say that an announcement tomorrow seems very probable.
And tomorrow is 8/8/2018
888
God is not one of coincidences and he is bringing forth the oil in the right timing.
It makes sense that John Brown is going to put out his vision and walk of faith giving all GLORY to God BEFORE the announcement is made.
This feels like it preceeds the announcement, and that announcement will be good!
Waiting in ANTICIPATION
Just want to give a perspective from an investor who has been on this faith journey since 2007.
On all past wells Zion Oil came out very soon and made it known that they did not find oil and gas. They came out quickly to give investors the news even when the news was not good.
As all here are becoming more aware as each day passes and Zion Oil is remaining tight lipped this well is different and very special.
This well was finished drilling to depth in February. Oil and gas was reported free flowing from the bottom of the well bore. They took 3 months to then start flow testing, and now we are into August.
The investor meeting in June was amazing. Dustin explained to us the step by step miracles that happened to get to this point drilling down to and seeing oil and gas flowing on 2/14. At every step of the journey the odds were that they could not move forward, but every time they were met with a miracle.
We are now into August and Zion Oil is still silent is GOLDEN. Silence is definitely a sign and a blessing. I know the heart of Zion Oil. And with John Brown at the helm and an amazing staff are ones that stand with integrity.
God will be glorified when news comes forth. I remember many years ago having a vivid dream being at the well site of Zion Oil. I saw news media from all around the world at the well site. The news that comes out will make HISTORY!
We are on the CUSP......
Can you imagine after the last well they drilled there were years and years of waiting..... There was no one posting on Ihub about Zion Oil like it was like in the past.
Prophecy Hunter would be one to remember as he was apart of the group of faithful who's heart would believe God for a miracle in the land of Israel (The Promised Land)
I invested in Zion Oil back in 2007 before they even had a website. They traded some days a few hundred shares a day.... They even sent out an email to investors back in the day asking if anyone had contacts that would know where they could get a drilling rig. Yes... There was a time when they were having trouble to access a drilling rig to move forward, and reached out to us to see if we knew. LOL
God is faithful.
Happy for all on this board, and there is a positive energy and vibe. KYOil, We did not have someone who understood the details of oil drilling back then.
Just pray and we will see God move.
For me this is the end of a Faith journey that will open up many new doors. Just excited and watching and waiting in attitude of prayer and humble amazement!
Everyone, timing is so perfect.....
Technically speaking ZN is in the perfect position for news to come out. We are just under the 200 day moving average on daily charts which sits at $3.31 and it is beginning to converge with the 50 day and 9 day.
Technically speaking if I was looking at ZN without even knowing the news coming out, I would be eyeing ZN as a stock to trade.
Hey Kyoil,
I don't want you to feel alone.
I too bought a few shares over $10.:)
I bought across the board as high as $10, down in the $1 range and in between....
There is always the option to edit your post for 15 minutes after posting it.
You can erase your message then.
I am there Motowngurl
I am going to pop open a good red wine Merlot, and wear my Zion Oil hat all day. I also have a Zion Oil shirt I got many years ago for my Dad's 70th Birthday.
John Brown actually made sure that it arrived before his birthday and mailed a shirt for both myself and my Dad. Each shirt having our names written.
Amazed that I am post 22222
EVERYTHING IS IN SYNCHRONCITY
Buckle yourselves in because this ROCKET is about to LAUNCH!
And I have been on the launch pad since 2007 :)
The silence is GOLDEN. IMO
As Dustin explained during the shareholder meeting they would wait to make any announcement until all testing was completed, BUT he also said that they would keep shareholders informed if there were any delays. Which they have not said a peep....
Here is a good video that I found on the other oil company Givot Olam that drilled successfully around 2009 / 2010 timeframe. Something we will soon see with Zion Oil.
Length of video is 3:22
Something my brother John would appreciate :)
https://video.search.yahoo.com/yhs/search?fr=yhs-pty-pty_maps&hsimp=yhs-pty_maps&hspart=pty&p=givot+olam+news#id=4&vid=5a9cee7525647f8066e37443a855e18a&action=view
I have been in invested in Zion Oil since 2007 so I have seen the evolution of a miracle in the making, and can speak as one as a witness of each well they drilled.
Geopressure, Then and now are completely different. They announced back in 2009 that they found a very small quantity of crude oil at the bottom of the well. Even had a picture of a bottle of oil.
Completely different than now when there is oil and gas FREE flowing up from the bottom of the well.
Back then very quickly after doing logging and then trying to frack the zones of interest they came out that it was a dry well.
This time a round there is no fracking of the well sending down explosives to fracture the rock to hopefully bring oil. And it has been a very long time testing. This well is completely different from all wells drilled in the past. There was never a well that Zion Oil drilled that was like this one.
The time is fast approaching when we hear the results.
The time is NOW. There is a time for every activity under the sun, and God waited until just the right time for this BLESSING to be revealed. :)
Tomorrow is definitely going to be an interesting day.
Even technical traders who have no idea of the announcement that is coming will have eyes on Zion just because of the bullish technical chart that is clearly showing we are moving on up!
And I would say realistically next week we are right in the zone to receive our long awaited news.
Makes for the perfect storm.
FYI I was in ZN back in the day when it went from $7 all the way over $14 a share trading from 2:30 pm until the closing bell at 4 pm. That was I think in 2009 when they made that huge gas find offshore Israel. That was in just less than 2 hours time frame. It jumped $7 points higher.
ZN is like a speedboat.
But this time it is a ROCKET on the launch pad :)
I can't imagine what is going thru the minds of those shorting ZN. They started the day smiling, and by the end of the day we ended even higher.
They better buy to cover because ZN is on a launching pad ready to take off!
Beautiful candle with a long wick. BEAUTIFUL !!!
I knew we would see a rally at the end of the day!
We broke decisively thru the 200 day moving average. Moving on up :) Beautiful white candle with a tail on the end.
We should be retesting $4 soon. Would not surprise me if tomorrow is a big up day retesting $3.80 as there are many traders seeing the bullish movement of ZN.
And either today or tomorrow the flow testing begins of zone #2 and #3
All eyes are on ZN
Today was definitely the start of a reversal bumping up right at the 200 day moving average.
Since March we have been in an intermediate downturn trading below the 9 day moving average. But after ZN bounced back over $3 the 9 day moving average is curving around like a cup.
Liken to a hand cupping ZN. :) We are now above the 9 day moving average butting up against the 200 day moving average.
Like a sling shot now with testing commencing news and stock technicals are synchronizing.
SYNCHRONIZATION BABY !!!
Next 2 days of trading should be interesting as we say goodbye to $3 and start lift off.
Zion oil has been crystal clear.
At the shareholder meeting he made it clear we are weeks away from an announcement.
VERY CLEAR
Results will be announced when all zones are tested to give conclusive and accurate information.
Today is 6/14 and the shareholder meeting was 6/5
Need I say more... WEEKS AWAY
Patience is a virtue.... Happy that they are not making any short cuts to this process!
I have been invested in Zion Oil since 2007. Waiting another few weeks for the results. Come on! :)
Did I miss something? How do we know news is coming out next week?
We are seeing synchronization at its best with all things coming together.
I don't post much on this board.
What a beautiful prayer. Those who think this is a negative I just shake my head.....
It is only God who has brought Zion Oil to the place where they are today. I am so grateful for John Brown posting a prayer like that as I know his hearts desire is to give glory to God when this transpires.
I pray that my post is not taken down because of talking about God. It is The Lord who is bringing this MIRACLE about.
Give Glory to where Glory is due!
Here is a brief summary.
ZN wants to retest the highs of last year's run that almost touched $7 a share.
Looking at www.sharpcharts.com
On daily charts the resistance 1 level was at $5.24 So we busted thru the first layer of resistance no problem. Next level of resistance on daily charts is at $6.41
Now on weekly charts the resistance 1 level is at $5.74 That is why we say the price of the stock briefly jump up mid day and then retreated back to $5.53
The resistance level 2 on weekly charts is $9.21
I would say that as we get closer to production testing and Zion Oil announcing the finding we will definitely rest $9.21 on the weekly charts and surpass.
Just remember.... Back around 2009 when they had no announcement of hitting oil ZN went as high as $17 a share.
Lord willing we should be retesting this high and before the results come out about the discovery that Zion Oil has made. Ultimately investors will be pushed to retest $17 a share.
We are in for a run !
One technical indicator called parabolic Sar is running up right below price. Parabolic Sar shows in dots under the stock where support level. It also is marking out resistance.
Right now resistance is at $4.93
All eyes on MJ #1. I say we continue move up on low volume. Could break $5 by end of weeK IMO
Yes Tisdal. Very significant. Today's trading was good as we closed also right at the 9 day moving average. Once we break above $4.20 and then close over $4.50 all is looking good. The 50 day will cross the 200 day moving average. Very significant!
Probably best we slowly rise to allow all moving averages to catch up. Also the parabolic indicator that plots support beneath the stock price continues to rise closer and closer and closer to the stock price.
Will be nice to see Bollinger bands begin to tighten and the price channel begin to squeeze.
Just like sailing a boat all conditions are ripening for the wind to fill our sails for us to move forward!
We will see upward movement soon breaking $5. I would say within a week. Next level to break is $5.60 and we will certainly retest $7
Best to try to take out emotions when looking at price action. IMO
Does not surprise me at all as one who understands technical charts. $4 is support level. Just retesting support.
ZN went up way to fast back on initial announcement a few weeks ago. Technicals and moving averages are justcatching up. Look for consolidation above $4 for next few days before move up.
All stocks move on technicals. All eyes are on ZN
Today's trading both technicals and news are in perfect synch.
First resistance level is at $5.60 and 2nd level of resistance is $9
This is what shows on weekly charts.
Believe me we will be retesting soon the all time high of $17 even before production results come back.
We still even have news of when they will announce they raised 5 million I. The unit offering.
Strap your seat belts!
Go ZN and go Israel !!!
Really if the truth be known.... short sellers want to sell short on the ask price since they are selling borrowed shares them wanting to buy to cover as low as they can go to make profit.
I know since I have shorted stocks in the past. Really nothing wrong with that. You are either betting the stock price will rise or betting it will fall. Though I would never short ZN
Actually short sellers are good when a stock price starts rising as there are times of panic buy to cover.
Boggles the mind why anyone would be crazy enough to short a stock that just found oil.
$4 is support level. Watch for consolidation at this level as moving averages catch up. Next stop is retesting $7.
Once we break $7 we will retest high from many years ago which was $17