I had not looked at the preview of the upcoming CBN program, but decided to look at it tonight, just to see what it’s about. If you haven’t seen it yet, you should watch the preview.

There is 1 statement from John Brown that was very revealing. And there’s one quick shot of a guy meeting the camera outside of the gate of the ZNOG drill site. He looked really excited about something, but I have no idea.

For those impatient, John Brown’s quote. I think this is right.

“God talked to me man, he told me exactly where the oil was… it’s there”.

3D survey perhaps? Who knows, but there may be a lot revealed in the program.

Jackleg1

I've been a Zion shareholder for more than 13 years. Clearly, I have learned to be patient as we ride the rollercoaster. I do not tend to be emotional about any of this. I am as level-headed as they come some would say.

I don't know if ZNOG will ever find oil, but for the first time in 13 years, I woke up early this morning excited about ZNOG and couldn't get back to sleep. My intuition (HS) is telling me that the times has come.

I'm just stating that there's something different right now, and we will know what it is very soon. IMO

Do not take this to the bank, I just wanted to tell people who have been waiting with me, and may have a similar intuition about where we are and what has been going on with this stock.

Blessings to All,

Jackleg

As of June, 2021 - The newest board member from what I can tell. It would be hard to imagine this woman accepting a post on the ZNOG board if ZNOG did not have plans for utilizing her expertise. Why would she waste her time? As a consultant, all she has is her time, and reputation. She knows something and has agreed to join the effort.

Sarah Caygill - appointed a director in June 2021, is an experienced financial analyst, portfolio manager, asset allocator and independent board director. She began her career in London at Chase Manhattan in 1984 and subsequently worked as an equity analyst at BZW and Schroders in London covering French equities. In 1990 she joined Sweden’s Trygg Hansa SPP, a major Scandinavian banking and insurance firm, as a portfolio manager, with responsibility for French, Spanish and Italian equities. In 1993, following the Swedish financial crisis, she moved to JP Morgan’s Private Bank in Geneva to manage advisory portfolios covering Europe and Emerging Markets. She then ran both institutional and private portfolios as a Vice President of Canadian Imperial Bank of Commerce, also in Geneva, with responsibility for European Consumer and Services sectors. In 2000 Sarah launched White Mountain, a European equity long/short hedge fund and she later joined the main investors in the fund, Canadian-based Arrow Hedge Partners. She established Arrow’s European operations, including manager due diligence and selection for its global fund of funds, also serving on Arrow’s investment committee. Over her career as a fund manager and advisor, the funds and mandates Sarah managed and advised outperformed their benchmarks and peer groups.

Since 2011 Sarah has served as an independent director for alternative funds and absolute return funds, management companies, foundations and corporations across a range of jurisdictions including Cayman Islands, Luxembourg, Switzerland and Ireland. She is a member of AIMA (The Alternative Investment Management Association) and 100 Women in Finance. She is also a panel director of IPAF Group (Industry Professionals serving as non-executive directors to Alternative Funds).

Sarah holds a Masters’ Degree in Modern Languages and Philosophy from Oxford University. She has both British and Swiss citizenships and is domiciled in Geneva, Switzerland.

I have to keep reminding myself to wait for news of the discovery (or not), and when it dips below $.30, accumulate more shares.

That's the strategy. I feel certain they will find some oil, and it will be a big deal for Israel, a very big deal.

Jackleg

Nothing has changed (that we know of). I do not suspect some leak of information. ZNOG is still about one thing - OIL, and lots of it.

If Zion delivers a production well, I can forgive a 18 million share employee pension, or whatever it is. I don't like it, but how in the world does a company keep employees if they don't reward them with stock?

I bought more shares today, for what it's worth.


Jackleg

Tisdal,

They issued 18 million shares in a Form S-8 for an "employee benefit plan" from what I can tell. Is stock price collapse not the result of dilution? (for the employee benefit plan)


Jackleg

It would appear to me that they are issuing 18MM new shares.

Did anyone else see this filing? Form S-8, 6-14-2021.

I would appreciate you professionals explaining what all of this is about.

Zion Oil & Gas, Inc. (the “Registrant”) is filing this Registration Statement on Form S-8 with respect to (i) 18,000,000 shares of the common stock, par value $0.01 per share (the “Common Stock”), of the Registrant issuable pursuant to the Registrant’s 2021 Omnibus Incentive Plan (the “2021 Plan”), which shares of Common Stock are in addition to the consolidation of the 2011 “Equity Plan” and the 2011 “Directors’ Plan” with and into the 2021 Plan with approximately (i) 14,348,500 shares of Common Stock under the 2011 Plan and (ii) approximately 6,475,000 shares of Common Stock under the 2011 Directors Plan registered on the Registrant’s Form S-8 filed on January 8, 2017 (Commission File No. 333-216191), and as amended on the Registrant’s Form S-8 filed on January 3, 2012 (Commission File No. 333-178970) and as amended on the Registrant’s Form S-8 filed on December 8, 2015 (Commission File No. 333-193336) (the “Prior Registration Statements”).



This Registration Statement relates to securities of the same class as those to which the Prior Registration Statements relate and is submitted in accordance with General Instruction E to Form S-8 regarding Registration of Additional Securities. Pursuant to Instruction E of Form S-8, the contents of the Prior Registration Statements are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.

Everyone keep calm. Wait for news.

People have to pay taxes, pay the mortgage, pay for college, and if you work for Zion, you get paid with options. Most public companies pay their people with stock options. Nothing to see here. Let's wait to hear from the drilling. The day is quickly coming, when today will be forgotten.

Do you believe they will find oil? Or, do you believe they are drilling for nothing?

It stands to reason that the investment in drilling this well, the way they are drilling it, that they see something worth pursuing. The alternative of drilling for nothing is an expensive way to fleece people who believe in what they are doing. There are easier ways to take people's money than by drilling an expensive oil well. Think about it.

Blessings to All,

Jackleg

qop128 - I truly hate that this hasn't been a good experience for you. I know that not everyone has the same mentality I have.

ZNOG is a gamble, and I am a gambler. I've been in this long enough not to bet anything that I can lose completely. Nothing that happens with ZNOG will change my life, whether or not I lose what I invested or make a small fortune, it won't change much in my life. Money only makes you more comfortable.

This is a LOOOONNGGG GAME, and I am happy to wait patiently.

Everything will go to zero one day. We all die one day, and its only money we are talking about. Its been a wild ride to this point, and the fact that the ride is still going (which is more than I can say about less speculative stock investments) is evidence that those who are working to make ZNOG into an oil company are committed to the long game.


Blessing to All.

Jackleg

IRisky - Ditto - I'm in for the long haul too.

MJ1 bust, lawsuits, coordinated manipulation, and delisting made this stock price much more appealing for long holds. I've managed to gather more shares than I ever thought it would own, and at $.55, its still a great bet, especially knowing what we know now, and all that is behind us.

Couple of questions for the longs (shorts need not answer, I already know what you think):

They have 249MM shares outstanding, but could issue as many as 400MM. They are voting on taking that to 800MM. Why do they need so many shares? Why dilute after oil is discovered?

The other big question I have is: what is the correct exit price for the given scenarios?

The scenarios to consider for MJ2 in the next 6 months:

- No OIL -somewhat obvious answer...
- Oil discovery of some kind and size? Where does the price go?
- Oil that flows to the surface? Where does the price go?
- Gushing oil of good quality? Where does the price go?

I'd like to know what other's think about these scenarios.

Jackleg

Zion Oil and Gas has always had a good plan for finding commercially viable oil so that Israel can be energy independent, but ZNOG's timing has been terrible (mostly because the timing of men is not important).

I've been invested in ZN for about 15 years. I've paid as much as $9/share for ZN.

What we are witnessing is the drilling of a production well, and like others, ZN has recognized that now is the time for the oil to come forth in Israel. Now is the time for the fulfilment of what has been promised.

I don't know how I know this, and it is only my humble opinion, but I am convinced that we are about to see something special happen in Israel and with ZNOG.

Someone on this board had a list of the investors: who has held shares the longest who paid the most for shares of Zion. It was called the Zion Faithful or something like that. I wonder how many of those people are still standing.

Blessings to All.


Jackleg

I suspect Zion is playing it close to the vest at this point, for lots of good reasons.

It makes sense to me that they have learned to keep their mouth shut about “this” or “that”, and are getting on with the work of finding commercial qty and will let ZNOG stock holders at the appropriate time.

No more giving a play by play of the oil well, just tell us when you’ve found it.
As an investor in ZNOG, I’ve learned one thing: “Buy ZNOG low, accumulate shares, and wait for the oil to flow, as long as it takes”. (It certainly feels like the time is right.)

It’s just a matter of timing which many find difficult, but for my money.
Buy and hold, and keep buying and holding. Good things are coming. IMHO.

Blessings to all.

Blessings to Zion

Anybody heard from JRyan?
Just curious as I always appreciated his perspective.

Blessings to All.

Good morning Gents!
It’s a beautiful day.

Keep the faith. I wrote an email to JB after his last letter.

I explained that I felt called to invest and still accumulate shares from time to time
This all makes little sense, but my view is a long one, and it’s something I can’t explain.

If you consider all that has been done to that company, it’s a miracle itself that it’s still operating.
The list is long, some self-inflicted wounds of course, but what a story of how to destroy a stock.

I just wanted to say that I’m thankful to be on the other side of the last 2 years, and glad to share the journey with others.

Blessings to all.

Jackleg

Good morning gents!

Glad I found you guys. I’m encouraged by where we are in this journey.
It’s been fascinating to watch how the markets work, and how in this case,
evil intent reveals how broken it can be.

I look forward to hearing your perspectives on things once again.

Blessings to All!

Jackleg1

Agree. When I look at the chart, I see accumulation happening naturally, it’s a sign of health, right?
It means only good things in the future. Steady as she goes everyone.
KGKG is here for the long haul. Long term investors will be rewarded.
This stock may get traded intraday, but it will bust out when the growth in sales is proven repeatedly.

To friends of ZN, You know who you are.

Blessings to you. The day of laughter is coming. Between here and there, there is a lot of life to live, and I hope all of you are enjoying the journey.

Enjoy your families, and friends.


Good Day to All.

Jackleg1

Mr. ZN Fraud Alert,

You have to ask yourself the question: Why don't they just fold up and walk away? Why are they continuing to pursue their goals, engaging contracts with providers, having licensing extended, contesting the SEC?
All the while, under capitalized, under investigation, with no oil to show for their efforts? Do you think ZN is burning through cash to drill wells, to engage with contractors, to execute on a 3D survey just so they can pretend to be executing? Just so they can try to scam a little bit more?

I've been scammed before, like you probably have. I know fraud when I see it. ZN is not perfect, but they are not a fraud and are not a scam. They could have quit a long time ago. ZN has been honest about their failures, and have executed the plans they have said they would.

Yes, I remember when the stock was $7.00, and $9.00 and $15.00 when the Russell 3000 rebalanced. I've lived through the loss of 95%.
ZN hasn't been successful at drilling a commercially viable well, true. But they are still working at it and they are closer than ever to it.

ZN will extract oil, and investors will be rewarded. In my humble opinion.


Jackleg1

Watchman,
I’m so sorry to hear about your situation. I hope that you will soon be free of the burdens that you carry related to ZN, and others.

ZN has not been all that I have wanted, and mistakes have been made, including mistakes by many investors in ZN.

I don’t blame you for whatever you feel you need to say here, but I also don’t believe that any investors in ZN have anyone in particular to blame for not finding commercially viable oil wells, yet.

In hindsight, it seems that 3D testing should have preceded drilling, however, there was no guarantee that they would survive beyond the testing and likely thought that drilling was the most prudent choice at the time. They were not far off based on what has happened.

That’s the way I see it, anyway.

Blessings to you and yours.

Jackleg1

ZN Long and Shorts::

Ask yourself why ZN isn’t in the grave? Its been on the verge and has felt as good as “dead”, right?

The losses for those who have a cost basis of a few dollars per share, (sadly) constitute nothing short of death, when ZN is trading at $0.37.

...on the verge of being delisted, under investigation by the SEC, endless attacks from unknown people and institutions, it seems miraculous to me that ZN exists at all and is moving forward, at all. If ZN was going to die, it would already be dead.

Why isn’t it?

ZN is different from other stocks.

Why is ZN still alive? Because speculators love to bet on a longshot, and ZN is a longshot, BUT - ZN has what many other stocks do not - ENORMOUS potential and reward for shareholders!

Secondly, and almost as important, ZN has honest people running the company. In 11 years I have never been mislead by what ZN was doing or trying to accomplish. Yes, it’s as speculative as it gets, and nothing is guaranteed, but these people are not crooks (as some have claimed). (Ask the investors in “good” stocks like Wachovia, Enron, Worldcom, etc., etc. if they were mislead- these guys were true scam artists).

I HUMBLY SUBMIT MY SPECULATION: ZN will be cleared from SEC, share price will return to pre-SEC lawsuit levels, ZN will maintain NASDAQ requirements, 3-D testing will commence, a massive oil discovery will be made within the ZN license area. ZN will flourish, and reward will belong to the faithful investors in ZN.(Anyway, this is why my shares are not for sale and I am buying more.).

This is only my speculation, and I could very well be wrong, but

ZN HAS TREMENDOUS POTENTIAL!

Blessings to all.

Jackleg

Bruce,

I agree. Regardless of the situation, you must run a business and operate in a way that reflects a deep concern for shareholder value.

However, I will not sit here in my office 1,000 miles away and tell anyone else how to run their business. I have 2 choices, sell my shares, or trust the decisions of management, and hold my shares.

Arm chair management is a disguise for your own disgust that an investment has gone bad and blaming someone other than yourself for your decision.

I for one take responsibility for my investment in ZN. I have very little hope that something good will happen, nevertheless, I have some hope.

Speaking of Leviathan, who recalls the “Levant Basin” report via USGS circa 2010? Were they not low on estimates of more than 50% on the NG?

https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf

I thought there was a correlation between NG and Oil in the ground in proximity?

Perhaps not so insignificant, if my facts are correct, there hasn’t been a related oil find of any significance that would correlate to the massive NG in the existing fields. 21 Trillion cu ft if I’m not mistaken.
Where’s the oil???

It always puzzled me why there was so much NG but so very little oil.

I welcome any and all to educate me if you have any thoughts to explain.

Maybe a correlated amount of oil a little deeper down, off to the side, say over near the Jordan Rift Valley?
Near MJ#1?

Blessings to all!!!

PW - Your knowledge of geology is remarkable. Thank you for your contribution explaining active volcanos.

Is there a difference between an “active volcano” and an “erupting volcano”?

Please explain an “active petroleum system” for everyone, so we can understand.

Thanks!

Friends of Zion... I can't count the number of times I have doubted ZN's ability to accomplish John Brown's vision, and yet here I am, with more shares than ever, and more money invested than sound investing would allow.

It has already been pointed out, that the perfect "short storm" has been executed with the help of ZN, and the lack of performance from MJ#1. But I also am disappointed by the lack of communication with shareholders, in particular, the way the initial testing was announced, and what was not communicated about plans moving forward.

I realized today that oil will flow from the well at the "appointed time". I hope ZN can hold on long enough to see it through until it does, and I hope all of you can hold on too.

I am holding my shares.

IMHO - HERE is THE ANSWER to ZN’s biggest PROBLEM! (lack of income and lack of cash) and the BEST OPTION given the current circumstances: Merge with a company that does have cash and resources to exploit the petroleum system in place in current MJ#1. Enter Dustin Guinn.

NOTE: The FIRST, and most important qualification presented as Dustin’s core competency, and why he is NOW raised up and given the lead role as CEO:

“Guinn has extensive experience in transactional mergers and acquisitions involving both entity and asset purchases as well as the integration of those acquisitions and was intimately involved in the growth of Viking, in terms of financial, operational, structural, reporting and management growth since its inception in 2008.”


If I am Guinn, and I want to see the fulfillment of The Vision, I go to John Brown and the BOD and tell them as the COO what we all know: if we don’t get funding via the DSPP, our only option is to merge with another company (Noble/Genie/?????). that is able to complete testing the well and bring it to production.

Zion has no debt and can make a good deal to accomplish the Vision while providing shareholders long-term value, BECAUSE there is a massive petroleum system that NEEDS to be exploited!

I believe the reason there is ALMOST NO information coming from Zion (Exception: Dustin Guinn announcement) is because they are in due diligence right now and will announce a merger soon.

At this point and time, a merger is the best option for shareholders. It would immediately bring an end the stock manipulation and provide a real future for all shareholders of ZN, including those working for ZN, who won’t have a future if ZN continues on the current trajectory.

THIS IS PURELY SPECUALTION AND MY HUMBLE OPINION,

LETS GO ZN$!!!

Friends of Zion...I for one am to be counted among those who do not put faith in the promises of men or a company of men. My faith remains as it began, in a call to something beyond reason and good investing.

All that remains for me at this point is the same thing I started with (less a lot of cash, and more shares of ZN), my faith in something miraculous.

I still have no doubt that ZN will accomplish the mission of its founder. What part I will play is hard to say, but one thing is certain. I ain’t selling my shares until the mission is completed.

Blessings to all of you!!

JRyan,

I too am frustrated. The communication of the well results and testing is severely lacking. We need more data about everything they know. and exactly what the plan is.

At this point they are asking for too much for too little info.

If this well is worth the expense, then tell us exactly why and what the potential risk/reward is.

The funding request was pathetic. “We have only tested 220 feet 1.5%” of the 16,000 foot well. Does that mean they are going to spend money testing the other 98.5% of the well, including the first 200 feet? It almost sounds manipulative. I’d rather them tell us they need a miracle because they only have one more promising section of the well to test.

Somebody help me here...still holding all my shares.

Praying for ZN.

Zion Oil and Gas is a risk reward play, BECAUSE the people that run this company are honest people. I say that as a holder of ZN stock for more than 9 years. They tell the truth, good or bad. Over the past 9 years, ZN has never had what they have right now, a chance at an historic discovery.

I choose to remain long on ZN, and here is my reasoning.

In my opinion, 1 of 3 scenarios should happen.
1). The company will prove oil reserves and the stock will skyrocket as we anticipated prior to August 18th.
2) ZN should sell the stock or merge with another company with the resources to finish the task of exploration and exploiting the petroleum system.
3). ZN will continue to explore, as they have the past 15 years, after another fundraising and or current cash assets, and find oil based on what is possible for the petroleum system, (long-term)
4). ZN will cease exploration. The End.

Option 4 is not an option that will fulfill the visions of the founder in the life span of the shareholders, but may prove to be pivotal to the ultimate goal of energy independence for Israel.

Options 1-3 are possible and dictate the risk and reward opportunities (not much has changed since before Feb of 2018(.

Option 4 is possible with a reward that has nothing of value from any worldly perspective, but has reward in the life after.

Just my truly humble opinion.

KYoil,
Can you answer this question? Wouldn’t it be a good decision to test the bottom of the hole first, given the challenges of the depth, the diameter of the casing/pipe, and if something went wrong, you haven’t prevented access to the other zones? Thinking out loud...

If you start a kilometer up the well, and something goes wrong, you wouldn’t be able to go to the bottom of the well, right?

Quote for the day. "Be still and watch."

Zion Oil & Gas Confirms Active Petroleum System in MJ#1

For those who have a conviction to remain, I want to encourage you to be still and watch.

The remarkable thing about this PR for Longs AND Shorts is that its somewhat bad news for both. Longs know there is no commercial well AT THIS TIME, and shorts now know ZN is a legit wildcat oil company, and in fact FOUND HYDROCARBONS, in the ground that is being explored via a very deep well.

If you are short ZN, after months and years of saying ZN is a gang of crooked thieves, you really can't make that claim any longer with credibility.

Then ZN announces an active petroleum system in the MJ#1 well. SHORTS WILL BE BUYING BACK TODAY.

MJ#1 is anything but a dry hole, and the best is yet to come.

Question: Did anyone else make note that GNE is up 7.74% today along with ZN?
Seems coincidental if not serendipitous.

Who can provide an answer to the following?
Why, on August 10th, I’m the midst of the storm, following the message from John Brown, would Zion Oil post on their Twitter account, the following article?


https://www.rigzone.com/news/signing_of_convention_on_legal_status_of_caspian_sea_a_landmark_event-10-aug-2018-156591-article/

Is this news relevant to ZN shareholders? What is the relevance?

Steve, Good word! ZN is about to swallow us up, standing with our mouths wide open in total wonder. For those who have eyes to see, our imaginations will be captured by what has happened and not the ZN stock price, as meaningful as it will be. Just stand and watch.

KYoil,
Thank you for the work you contribute to this site. I really appreciate your input.

I look forward to thanking you personally at the next shareholders meeting.

Blessings to all!

There is always a strong correlation between the intensity and volume of attacks and the good that comes from ithose attacks being overcome. Make no mistake, if there is no oil, and no success for Zion, there would be no attack and opposition.

I for one will be praying for the people who are faced with the challenges.
The end of speculation will not be the end of the attacks, but it will not matter as much as it does right now.

This whole story is bigger than I thought it was going to be when I bought shares over 9 years ago.

Flyhi55,
Very nice. What was your reason for buying ZN? How did you decide, “I’m gonna buy ZN”?

Just curious why you think the discovery will be the biggest ever?

ZN company statement is testifying to ALL that what is coming to pass is a work of FAITH!

They would not have put forth this testimony, as a mean of providing an answer to all who would question this entire enterprise, unless they had realized the “substance of what is hoped for.” No “substance” means no point in testifying to the work of faith.

He is bearing witness to the work of faith as THE POINT!

There is NO POINT whatsoever if there was nothing to give evidence of faith’s work in the real
World for those who do not believe in things not seen.

This is the way I see it.

Blessings to all

gs17...I agree with this assessment, but there is NO video from July 28th.


This is my Last Post About "The Video"

FT reports, " Metadata we saw indicated the footage was taken on July 28". "Metadata we saw"????!!!!! What a crock of $&%*!

Its as clear as day. The "short's cabal" made this whole thing up. We have a video (that we can't show you), to provide video evidence of "no oil" which is THE message they are DESPERATE to convey to investors.

If there is a video from July 28th, at the well site, then this is how it went - When the security guard said, "stop filming", or "leave", or "no comment", like a guard should, they completely misrepresented what he said. And due to the poor "translation" by the FT's "Hebrew speaker" and the "inaudible" portions of the video, they completely fabricated statements to fit the narrative: "no oil".

Why would the security guard volunteer this statement: "they'll keep trying until they decide once and for all that there's no oil." This is not a statement from a security guard, anywhere. Why would he say exactly what they want him to say? Because they made the whole thing up to mislead people who don't know any better.

We see through this, but there will be low information investors, who are not critical thinkers, who read that article, and dump their shares, or don't buy because all they read about a video of a security guard that said, "no oil".

Praying for Zion and all of you my friends.

Max, Max,
Is that the best you can come up with?

Suggestion for All Hacks:


Go find the video of the security guard and the Hebrew Speaker from FT, translate the short, inaudible video, provide some English captions, and post it here. That would be a hack job worthy of scaring away some shares.

Let us know when you find it. I'd like to see it.

Thanks.

Spike...Totally agree, if there was a video showing exactly what they are writing about, why wouldn't they post it? ...because it doesn't exist as presented, if it exists at all. Examine the lengths Jamie went through to create these lies and manage the potential legal consequences for printing misleading information.


A Hebrew speaker at the FT translated two videos for us:
What is a Hebrew Speaker? How about a translator?
Q: Is there a lot of work here?
Security Guard: No one knows. They're doing tests.
Q: So they do tests every day? What are they testing for?
(inaudible) For just this part of the video?
Q: do you think there's oil here at all?
Security Guard: I don't think so (inaudible). Why this
Q: I'm not, I'm not.
A second video appeared to continue the conversation: appeared to continue?

Q: And why don't you think there's any oil here?
Security Guard: That's what they're saying. The people who work here. But they'll keep trying until they decide once and for all that there's no oil. Really?! That makes no sense.
Q: Thanks very much.
The videos were brief, so it is possible there were further conversations with either the security guard or other staff members we have not seen. possible?! What is that supposed to mean?!