Fully invested in secondary oils (100% long)
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Filled Buy to Open 1 SPY Mar 21 2018 271.5 Put Limit 1.45 -- -- 09:33:40 03/09/18
Filled Buy to Open 90 SPY Mar 02 2018 241.0 Put Limit 0.05 -- -- 14:22:00 03/01/18
Filled Buy to Open 397 SPY Mar 02 2018 241.0 Put Limit 0.05 -- -- 14:22:00 03/01/18
Filled Buy to Open 199 SPY Mar 02 2018 241.0 Put Limit 0.05 -- -- 14:22:00 03/01/18
Filled Buy to Open 3 SPY Mar 02 2018 241.0 Put Limit 0.05 -- -- 14:22:00 03/01/18
Filled Buy to Open 1 SPY Mar 02 2018 241.0 Put Limit 0.05 -- -- 14:22:00 03/01/18
Filled Sell to Close 4 SPY Mar 02 2018 276.0 Put Limit 10.00 -- -- 14:14:21 03/01/18
Filled Buy to Open 4 SPY Mar 02 2018 276.0 Put Limit 1.40 -- -- 12:49:01 02/27/18
Filled Buy to Open 3 SPY Feb 16 2018 259.0 Put Limit 5.33 -- -- 16:06:29 02/08/18
Filled Buy to Open 2 SPY Feb 16 2018 259.0 Put Limit 5.33 -- -- 16:06:29 02/08/18
Filled Sell to Close 1 SPY Feb 09 2018 270.0 Put Market 11.52 -- -- 15:59:07 02/08/18
Filled Sell to Close 2 SPY Feb 09 2018 270.0 Put Market 11.52 -- -- 15:59:07 02/08/18
Filled Sell to Close 1 SPY Feb 07 2018 281.0 Put Limit 13.00 -- -- 15:04:43 02/05/18
Filled Buy to Open 2 SPY Feb 09 2018 270.0 Put Limit 4.40 -- -- 15:14:10 02/05/18
Filled Buy to Open 1 SPY Feb 09 2018 270.0 Put Limit 4.40 -- -- 15:13:57 02/05/18
Filled Buy to Open 1 SPY Feb 07 2018 281.0 Put Limit 1.30 -- -- 10:09:18 01/31/18
Nice try tisdal, but a "German chemist" is not a petroleum geologist, and your idea that there could be oil below the earth's crust is impossible, because the temperature and pressure at that depth would incinerate any oil or gas... Oil can only exist above the lower limits of the "oil window" (7,000 to 18,000 ft.) without turning into gas...
http://oilandgasgeology.com/
There were very few geologists who believed that... Now there are none!... Just like believing that the earth is flat.
No tisdal... There is no such hypothesis anywhere!
"Believe nothing, no matter who says it, even if I say it, unless it makes sense to you!" (Buddha)
That's ridiculous!... No reservoir can drain another reservoir!... Not even in the same well!
Yes, he only paid a penny a share ($250).
That article is almost four years old... Here's a link to the current status...
http://www.ogj.com/index/exploration-and-development/reserves.html
Energean adds five Israeli blocks near Karish, Tanin
HOUSTON, Dec. 14
12/14/2017
By Tayvis Dunnahoe
OGJ Exploration Editor
That's not true!... Different layers of reservoir rock are often fed by different levels of source rock... Think of a layer cake, with alternate layers of cake, ice cream, and frosting!... That's why different production zones often produce different types of hydrocarbons (different kinds of ice cream).
220 billion barrels is way too high, and 1.7 billion is way to low!... I figure Zion has at least 10 billion barrels, which makes it a "super-giant."
Energean adds five Israeli blocks near Karish, Tanin
HOUSTON, Dec. 14
12/14/2017
By Tayvis Dunnahoe
OGJ Exploration Editor
Energean Oil & Gas and its subsidiaries have increased to 13 the total number of licenses held in the East Mediterranean. The Israeli Petroleum Commissioner has awarded the operator Blocks 12, 21, 22, 23, and 31 offshore Israel, which were published in the country’s first round.
The blocks are in the immediate vicinity of Energean’s Karish and Tanin developments (OGJ Online, Jun. 20, 2017). Each license comes with a 3-year exploration period, and Energean said potential economic discoveries will most likely be developed as tie-backs to the floating production, storage, and offloading unit that will be installed 90 km offshore. The FPSO will have capacity of 400 MMcfd of gas. Energean expects to start production from Karish in 2020 after spending $1.3-1.5 billion on the development.
Contact Tayvis Dunnahoe at tayvisd@ogjonline.com.
Donald Trump says global warming is a hoax that was perpetrated by the Chinese, to keep American Industries from competing with theirs... I disagree!... I think it was perpetrated by the oil companies, to keep people like you from buying their stocks!
All the Zion wells are much deeper than average!
geopressure is right... contracting an oil-well service company like Halliburton or Schlumberger is almost as necessary as contracting a drilling rig.
I think we are!... Merry Christmas to you too!
Absolutely not... It simply means that there are so few shares in the available float, that the slightest amount of buying pressure pushes the price higher!... The steadily widening spread between the bid and the asked is further evidence of that lack of available inventory... Idealy, the price should rise on gradually increasing volume, with a high-volume blow-off at the top, on good news!
Contrary to popular opinion, low volume is bullish!...
It indicates "accumulation" whereas high volume is more typical of "distribution"...
Also, the lower the average daily volume, the higher the "short interest ratio!"...
"Never sell a quiet market!" (Joseph P. Granville)
That's not true!... Not all the Vanguard Group funds are "index funds"... Same goes for BlackRock, etc. etc!!!
It's actually a "Rounding Bottom" reversal pattern, because a cup & handle is a continuation pattern...
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation
RE: Gas Flaring...
http://www.tigergeneral.com/causes-oil-field-flaring/
As you can see, the Levant Basin is not only in several states, but also in several countries!... Each one of those tiny red and green dots represent several reservoirs of gas or oil forming a field, so they have nothing in common other than the fact that they may have similar types of source or reservoir rocks.
The gas in those offshore wells is coming from completely different reservoirs than the oil in the Zion onshore wells!... A basin is never one big reservoir, and usually covers several states!
No, the mud-pits are still unfilled as well, so it would have to be a pretty big fence!
tisdal, by my perspective the east end of the Asher-Menesha and Joeseph Licenses overlaps the west end of the current license... In any case, we know Zion is still the operator of those other 3 wells!
tisdal, what makes you think they are not?... Exactly where are they located?... Why haven't they been completely abandoned?
How many times do I have to tell you all that the price of ZN stock is going "TO-DA-MOON" in spite of the fact that there will be NO NEWS until next year!
"Buy the rumor and sell the news!" (Trading-101)
Let's Rock & Roll!!!
Its "easy breezy" Moses... The problem will be how to dispose of the "solution gas" that will bubble out of the drilling mud as it approaches the surface... I think they will have to flare it... If so, the next "news" just might be...
BREAKING NEWS!!!
"A gas flare on an oil rig is lighting up the Israeli night sky!"
Moses, open interest on Dec 15th calls is 33,229 (options to buy 3,322,900 shares for 5.00 or less) so if the share price is more than $5.00 the institutions who wrote those calls will have to hustle to replace the shares they will be forced to deliver when the options are exercised... This will be the "perfect storm" because the short sellers will be forced to cover their positions at the same time!
Not today, it didn't... (Today's low was 2.23)
Nice "Double-Bottom" imho.
Today's oil sector bloodbath was due to a big drop in the price of crude oil, which was triggered by a surprise jump in gasoline inventories... Now it looks like crude oil has bottomed and turned higher, so oil stocks (led by Zion) should follow imho.
That's right amigo!... The intermediate trend is up, and a low-volume advance on "no news" is extremely bullish!
"Buy the rumor, and sell the news!"
Yes sir! I most certainly agree!
OK tisdal, These are the 10 largest onshore oilfields!
http://www.hydrocarbons-technology.com/features/featureonshore-behemoths-the-worlds-biggest-onshore-oil-fields-4184419/