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Bruce its good that ZN board members are in control (aka the foundation). This way they can direct the funds. Authority/Administration is good when the persons granted authority are UNDER authority. Please don't ever compare the Clintons to ZN's board members.
The charities are part of the mission of ZN oil to bless Israel and the World all according to "scr____te" Can't say the word or it will be deleted lol. What is your issue with this? Yes ZN created both charities of course! I like it personally.
thanks... explains the current price drop. News of shipping/arrival of goods will be our next pps driver.
Where did you get your updated 3/15/22 OS number from?
As of 2/1/22 ZNOG is now up to 410 million shares outstanding. I'd imagine we get to 500 million easily by June of 2022. Interesting.
https://www.otcmarkets.com/stock/ZNOG/security
What do you mean? All I have heard is that the required equipment had been sourced. Have you heard its en-route or already on site?
News of testing/production lining equipment being shipped/arriving in Israel should be forthcoming very soon...
40 years friends. Who would ever have imagined that! John Brown's vision for ZN Oil started in 1983-2023.... Everything is coming together as planned.
Nobody is loading up silly. This is a pump and dump & fund boys are shorting. Look at the gap remaining from .118 to 12 cents on 2/18-2/22. All you need to know. GAPS always fill.
Very interesting read thanks for sharing! Interesting potential parallels.
This OTC website tracks current outstanding share count. I'm going by memory but the share count has increased dramatically since ZN announced final depth, testing & lease extension.
The outstanding share count back in Nov/Dec was around 287 million and we are now at 410 million (2 months time :)
MANY are buying BIGLY!
https://www.otcmarkets.com/stock/ZNOG/security
Sigh. I knew this would be your predictable response. Doesn't have to be direct insider knowledge. A lot of testing personnel know the story and simple smiles and nods does the trick. Understand now? We are talking 20 million falling out of the sky and into ZN's DSPP doesn't just happen by chance...
lol wise
Wise one you should know 123+ million shares through a DSPP just doesn't happen from the ole faithful mom and pop. Serious buyers who must know a little something have been quick to take advantage of DSPP shares...
We are talking about 20-25 million recently being invested in ZN... Now who has all that? Mr.Ellis is only accounting for 20 million...
Why are so many crying about the silence? The "tell" is in the huge DSPP recent stock purchases! We went from 287 million to now over 409 million. Who the hell do think has been buying???? LOL sheesh. I love the fact they obviously have a find and we get to buy cheap in the meantime.
https://www.otcmarkets.com/stock/ZNOG/security
warrants being exercised at what price? .01 cent from insiders?
KyOil what would you estimate the costs is for ZN's completion activities? With over 170 million new shares issued through the DSPP it would appear they have raised 25-35 million in proceeds. Would this be more than enough to cover 8 months of production prepping & testing on a well this deep?
If we need to drill more side-track wells, I'd imagine that would costs well over 50 million.
Your insight is most appreciated
LOL Nobody is talking about WHO has been purchasing 170 MILLION new shares through the DSPP since announcement of well testing operations & lease extension... Guys we know Mr.Ellis is good for 20 million shares but WHO are the rest of these yo's??? This CONTINUED STRONG buying spree is as good of confirmation of a large find. Obviously someone knows something good is up. 170 million shares sold at avg of say 16 cents over the last 2 months = $27,200,000 in cash ZN can use for completion. Notice ZN hasn't issued any desperate pleas for money lately and the DSSP activity actually seems to be picking up lately...BULLISH
https://www.otcmarkets.com/stock/ZNOG/security
You guys realize we are now at 410 million shares outstanding! Somebody has been buying BIGLY! Looks like we have a real find!
https://www.otcmarkets.com/stock/ZNOG/security
Hey guys sorry my mistake I realize now that the stuck drill pipe happened at the Ofek2 wellsite which is an SOA & Delek partnership (drilling very close by ZN's well actually)
Wanna bet Mr.Ellis is on this board?
You are a true ZN Hero! Thank you indeed and I love your style. Might wanna hold on to these this time around!
How do you know this? Who else is drilling in Israel at that crazy dept?
God bless Donald Ellis. He has single handedly kept ZN alive with his multiple super large DSPP purchases... and he has been blessed for his efforts multiplying his return. He is a man who is blessed with 5X with his talents of gold.
Could it be that God protected ZN's hole during the recent 4.0 earthquake by intentionally letting the drill pipe get stuck.... Interesting timing.
Thanks KyOil. So if they were able to perforate the lowest section, how long in your opinion before testing operations are completed with reportable results? I would assume that prior to performing perforation operations they did extensive wire logging and 3D graphing imagery operations. Would you agree?
KyOil would you speculate that ZN was able to remove all the stuck drill pipe or think thy may have had to abandoned the lowest section of their well 4k meters down & below with remaining drill pipe at cut depth still stuck in place? I'm wondering if their well is still 100% accessible down to target depth?
Well I couldn't resist and picked up another 30k shares at .20 - nice volume today on the dip.
Mr.MM doesn't like the lack of updates.
I don't believe ZNOG can sell shares "at the mark" ATM unless stated in prospective. However, ZN is selling shares as the share count is up dramatically. I just assumed it was big Christian Texas millionaire friends of John Brown.
Married its just silly for ZN management to start a differentiated ZNOG investment scenario in which some may get dividends and others not (although they may be trying NOT to issue warrants as this affects the balance of only 800,000,000 shares approved for issuance). But you are correct in that the discovery of oil solves all money problems.
Thank you all for your clarification. Still odd
If they have the same ticker ZNOG, then how will they be differentiated with extra caveat of potential "dividends"
Has ZN posted a summary of the new rights offering? I'm on my phone and the filing links are hard to follow.
Will they have the same ticker ZNOG?
So if we buy these new units, we can't trade or sell them but "MAY" receive dividends in the future unlike ZNOG shares. ZN needs to clarify this BS as they are opening a can of worms and ticked off ZNOG shareholders
It would seem this new rights offering is a kick in the teeth to existing ZNOG shareholders. What no dividends for us? Are we second tier/class?
I really don't like the route ZN is going on this. Terrible.
How are these new shares not tradeable on the OTC or transferrable? How would they be tradeable at a later date?
I'm confused. If we have a new DSPP offering with news shares that eligible for dividends, how will these be differentiated from existing ZNOG shares?
Why would ZN muddy the waters? They should have simply offered a new units rights offering at 100 shares at current market value with 100 $1 exercisable warrants (basically a free $1 call). I would buy that up hard.
I'm torn. Buy more ZNOG at 26 or wait for what may be a nice rights offering with warrants at 25ish? What are they planning with that S3?
Looking good with nice consolidation but stalling here at 32/33 - we may hang here for a while until news. Tisdal did you see the cover on the short first 10 minutes of trading? 34 was the target to keep the breakout pattern for upwards momentum going. If we close above 34 we are very bullish.
Tisdal you go right ahead and buy more over 30 then. Outstanding share count is now over 326 million shares so market cap of ZN is presently sitting at over 114 million. Share dilution is going to flat line pps if they continue to issue 10's of millions of new shares every month here on out. AND if ZN announces a secondary offering it will be at a discount.