I heard there was news today but I can’t find it. Anyone know of anything?

It’s weird considering how amazing it has performed as of late and it’s future potential. People are sleeping!! Glad I’m not.

I did $33,000 just a week or two ago and that’s how they did it, in 4 chunks.

Oops, kinda missed question #8, sorry. :(

KyOil: If there is a large oil reservoir would management entertain offers from a large oil company who could speedily develop the wells needed and wanted to commit to giving Israel first right of refusal for the oil? This could allow the investors to see a huge share price jump and satisfy the original vision. Please nobody get mad at me for asking the question. As a newer investor I don't know if management has ever addressed this possibility (probably never needed too) and has a public stance on the issue is all. If not it seems it would be nice to know now that it will be a relevant question.

Additionally, from reading the Oil & Gas Journal, I see that other companies upgrade their reservoir sizes as they drill additional wells, so I would expect that to happen with Zion as well. How long would they expect before they could bring another well online and conduct the proper testing? Would some of the process be able to go faster due to the success of MJ#1?

Oh, and by the way, I should mention that we found out about Zion from my Mom and Dad who are long time DSPP investors. They increased their position last week as well. As a family we are in big time. :)

Can't wait for the good news of blessings on so many families!!!!

Go Zion!!

Hi KyOil,

My brother invested for the first time on Monday (he has the same initials as me RSummers so you could use SSummers for an alias) and I helped one of my close friends purchased today too. :)

I have significantly increased my position and like a few others also took advantage of the .05c $3 calls (127) today.


Go Zion!!!!!

Mrbojangle, if you purchase 20 put contracts at the $2.00 strike price with an expiration of August 17th they can be bought for around .07-.08 cents which works out to about $140-$160 plus commissions. If Zion were to tumble this week, you would probably make enough to cover your investment. If you wanted to spend a little more you could buy the September expiration which would give you a little more time but increase your insurance costs.

If the pps spikes significantly at all, the insurance cost will have been a small price to pay for security. I hope that helps. Of course there are other methods but that is a low cost short term method you could employ.

Wow, thanks for the great explanations kyoil. The truth always dispels falsehoods or exaggerations. I can’t say how much I appreciate the research done here and freely posted. While we don’t know for sure, the evidence seems to be quite positive and worth the risk. Remember all, if there was no risk or little risk then the pps would have most or all of the coming pop already built in to the pps. What an amazing and rare opportunity!!!

Sorry tisdal that wasn’t really aimed at you I was just commenting for all of our sakes so shorties couldn’t say we were clueless about the results and what they will call delays come Monday. I’m still learning this board and realized I hit reply to you post rather than post a new message. :(

I would so love for that to happen but I believe they said the 13th is when they anticipated finishing the testing with results to follow shortly thereafter, which I expect would be after they are sent and cleared through the proper Israeli channels. Realistically if we here anything by the end of the week that would be extremely fast. Does anybody know anything more to make us think it could be faster?

Too funny, that's how I felt reading that thing and why I took so long to respond to your earlier request. It seems they are specific down to what they can have for breakfast, LOL. I agree, hopefully some of the experienced oil guys like kyoil will comment. :)

Mrbojangle:

This is what I found that shows some rather extensive testing must be done to be legal. This could easily explain some of the delays before they can issue results in accordance with Israel's guidelines.

http://www.energy-sea.gov.il/English-Site/Pages/Regulation/NFT_829_2016%20Guidelines%20for%20Conducting%20Production%20Tests.pdf

From my reading, if they found a dry hole they would be able to quickly release the results, but if they found a productive oil field then they have extensive further testing that is required before they can either get permission or release their findings. This fits in with what we are experiencing in my opinion so the delays to me are encouraging rather than disturbing.

So Porgie,

Let's say theoretically the stock price went to $10.00. Using your scenario the puts can now be allowed to expire worthless or if you're conservative you could purchase them back for next to nothing and cover your position. My question is, in your scenario how would you be able to acquire the shares since there is no option to exercise? Yes you would keep the $1.60-$1.65 profit but you would lose out on difference of the $4.00 strike to the current price of $10.00. Appreciate letting my know if I'm missing something here. The reason I ask is currently I'm holding only call positions which I will exercise if the pps pops up. I like your strategy but want a path to owning the shares if the pps pops. Thanks.

Yes, I bought a 100 first then 10 more the next day and then 7 more yesterday. I am so glad I was able to get shares just in the nick of time.
Thanks for the support and I pray you are blessed mightily every day!!

After years of not being able to buy stock that all just changed and I believe in just the nick of time. I'm 23k shares strong as of yesterday and may spend the next couple of years trying to wipe the smile off my face. I've been reading everything I can find and everything points to ZN finding commercially viable oil. Of course it could all go south but I've decided that is a chance I'm willing to take. Next few weeks could be fun. :)