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If Israel continues to raze Gaza then there is the possibility to produce from that land mass as there are significant reserves there on shore albeit under duress of war times.
And just like that Egypt and Saudi Arabia joined BRICS. While not covered in Western media (heads in the sand) this will precipitate some global changes for sure.
SEC docs from ZNOG have a good historical summary of oil exploration, discovery, and production.
A publicly traded company should abide by the standards of the public market sector and is fully culpable based on all secular market forces. If they wanted to manage the company the way they want to without much criticism, based upon poor appearances, then they should have stuck to private equity instead. Btw that private equity market is much much larger than then we all might think. That market would also demand such things as a 3D survey, logs, data, and a P50 before any cash infusion for operations would even be considered. Think VC.
For too long Zion management has assumed consistent financial support based on a faithful investor class. When the money dries up claims of “manipulation” fly and complaining about criticism. That’s childish.
We are in an age where companies are seeking more and more public financing. Just look at the amount of SPACs, IPOs, and zombie companies operating as of the covid flash crash. And Cava just ipo’d at a whopping $4.7 billion. A frothy, overbought, and bubble market we are in.
To the point, they could have done much more as we’ve discussed ad nauseum on all forums for quite sometime now.
Don’t forget the cost of commercial real estate. It cost alot of capital for Dallas, Geneva, and Israel.
JB sent out a new email. Take it for what it’s worth…..
6/15/2023
To whomever may be interested in knowing the truth (Proverbs 12:22)
Over the past 41 years or so, I personally have accumulated many news articles that numerous oil and gas professionals wrote about the abundance of oil and gas that is still yet to be found on and offshore Israel. These articles all say Israel's oil & gas potential is proven and will be very huge.
I am referencing only a few of these articles now, but eventually, I will share all the other information now that our SEC and all legal issues are currently all resolved.
Yossi Langotsky's article of March 5, 1999, quotes both the chief geologists of Shell and Exxon, who estimated oil of 500 to 2,000 million barrels from primary recovery for the Israeli Government. Also, the USGS Report by the US Government estimates 1.7 billion barrels of recoverable oil and 122 trillion cubic ft of Gas in The Levant Basin (offshore and onshore.) Zion's new Megiddo License will be in this basin. Also, a Globes article of May 29, 2011, says Petroleum Supervisor Dr. Yaakov Mimran indicates it's the same deep Cretaceous strata in the Levant Basin as in the Mediterranean. Also, in 2011 The Wall Street Journal article of April 5, 2011, quotes The World Energy Council's estimates of 250 billion barrels In Israeli shale oil deposits for comparison to Saudi Arabia's proven reserves of 260 billion barrels.
And many other such articles are available if people only read them. However, most skeptics today know very little about oil exploration in Israel and too often only listen to rumors and spin-off stories of others, believing that what they hear or see on the internet is accurate without any proof. I also knew very little about the oil business when I was first sent to Israel, nor do I have any idea what the future will someday reveal. But the miracles over my journey of faith have kept me steadfast in His word, never wavering in The Vision that he set forth in my heart for Zion Oil & Gas to find the Oil of Israel, which I believe will eventually come to pass. (Hab.2:2,3)
Furthering the science about the oil of Israel, scriptures in the Bible also confirm the blessings of the deep have been found. (Isa. 60:5) And Noble's offshore gas discovery was that proof. (Deut. 33: 18,19) And so is the oil discovery on Ephraim by Givot Olam. Tova Luskin was given the same scripture that I was in (Deut. 32: 13-16) before he found the oil on Ephraim, so far 12 ½ million barrels of oil have been found by Givot Olam, and I believe that discovery on Manasseh is next for Zion Oil.
Again, some skeptics interpret the oil in The Bible of Moses and Jacob's Blessing as Olive Oil (see the article by Steve Spillman 2006.) But this also is not true; and in addition to Steve's article, his father, Jim, in 1981 came to my church Zion Temple in Michigan, and revealed scriptures that had been given to him by God to write a new book, "The Great Treasure Hunt," and this was when my journey of faith first began. And Jim's new book was sold and distributed all over the media in the USA and worldwide by the Full Gospel Businessman Fellowship Conventions, virtually in every major city. During all this, by the way, this oil venture was, at that point in time, not my original vision or idea. I only believed what The Bible said before I received the scriptures (Acts 22: 14,15) and vision while personally in Israel in May of 1983!
Soon after, in 1983, the Lord called me to Israel to be in the oil business and to find the oil of Israel. Many skeptics still today think that we were only doing this for the money because there hasn't been a large discovery yet onshore. Still, my feeling is that after 41 years and all the personal time and money that I spent to create Zion before 2000, that The Vision that God gave me over 30 years ago is slowly beginning to come to pass. We fully intend to fulfill our "Journey of Faith" by finding and producing the oil of Israel on the head of Joseph, just like The Bible says. (Heb. 10:35, 36)
Very few people are aware of this because they think I did this for money. But that is not the truth. My son Mark and I both had to personally sign a two-million-dollar promissory note and guarantee before the state of Israel would issue Zion our first petroleum license in Israel. God says you can't serve Him and money both, and quite frankly, I don't plan on going to hell over money. (Ecc. 12:13,14) Stewardship over God's money is always a requirement and not optional. Also, misusing His word for any personal benefit or gain is another sure way of going to hell. (Rev. 22:18-19)
There have been many false accusations and rumors about me and others since I first began to read The Scriptures and "by faith" (1 Cor. 2:5) believed them to pursue The Vision that God gave me. Also, I have never knowingly misled or asked anyone to invest in Zion because of what I said that God said to me. The scriptures that God wrote about the oil and The Bible are what I and many others believed. We only shared our faith by believing in The Bible and not any fake news. (Heb. 11:1)
It should have been fairly obvious by now that after I had written the book, "The Oil of Israel Prophecies Being Fulfilled," it was entirely by faith (Jer. 30:2)( 2 Cor. 4:13) I said and wrote in the Vision Book that no one should invest in Zion Oil and Gas, Inc. based only on my faith, beliefs and personal interpretation of the Scripture, As we have said this many times over the years that any investments in Zion Oil and Gas, Inc. should be based on both prayer (Isa.48:17) and only after a very thorough legal and financial review of all of Zion's SEC Filings (www.sec.gov). This book, Prophecies Being Fulfilled, will be given out as a gift to whoever requests it directly from Zion Oil & Gas (www.zionoil.com)
Also, for your information, when I first started Zion (with all my own money), I personally owned 520,000 shares of Zion stock. To date, I have given away a lot of these shares as gifts to many others, and I still have shares that I plan on giving away to charities, churches, ministries, etc. I have never sold any shares of Zion stock because I believe what Jesus said in (Acts 20:35) "It is better and more blessed to give than to receive." So, when you hear others accuse us that we are only in Zion for the money, it is not the truth! And it will be proven by God in His court of Justice. (Or any of you can view all our previous financials and filings now at www.secfilings.gov)
I hurt because I'm concerned for all previous and present shareholders who may have, at one time or another, believed what The Bible said but have turned back and now have questioned the honesty and integrity that God requires us to have. Endurance, patience, and unwavering faith, which I believe will eventually win out. (James 1:3,4) The SEC review and other lawsuits have hurt all our shareholders financially while we were made to wait and while our stock price was being manipulated. Why? Because of all the lies being spread about Zion to others! These are the people who will be held accountable to God and not Zion. (Pro. 8: 6-9)
May do the same. Being no novice to penny stocks I’m prepared for a hit or miss. Don’t forget my beloved sector we talked about. Time is nigh for a bull market to top all bull markets.
Greetings fellow speculators. Hope you are all well and making money elsewhere. Still a moonshot or possibly Kuiper belt shot for this company.
Funding shortfalls
Thanks as always KyOil! Hope all is well with you. I’ve been doing well.
2021 Omnibus Incentive Plan
Good ole .01 free options that are even now at a 7x multiple!
Lol
The warrants waaaaaaaaaay out of the money.
Merry Christmas
Hey guys,
While I’m still holding out for ZNOG to give us some needed forward guidance here is an excellent read for energy and commodity investors that is well worth your time.
https://4043042.fs1.hubspotusercontent-na1.net/hubfs/4043042/Content%20Offers/2022.Q3%20Commentary/2022.Q3%20GR%20Market%20Commentary.pdf
Spot on KyOil and as we previously discussed this investor or corporate presentation with aforementioned items and data is imperative. There is no other way to shore up confidence. It’s time to start acting like a genuine oil/gas exploration company despite being faith based. Show us you’re serious by cutting corporate waste, share restructuring, more transparency, and more frequent updates.
Tappin out for sure. It’s December and tax losses are needed.
Well, at least we have our answer. Great knowing you all and have a Merry Christmas and Happy New Year!
Very good question! Those oil guys that made that decision are gonzo. Who was the third party that approved them?
A rubber packer was used on MJ01 and failed due to the rubber elements extruding from the pressure and heat. They lasted about a week before they failed.
Nothing has been stated as to what brand and model packer is used on MJ02 but you can be damn sure it’s going to be able to withstand high pressures and high temps at the least.
Not sure why you are guessing this is a Rubber Packer being used. They never gave a brand or type and 4.5” OD are usually the smallest OD production packers. This packer will have to double as isolation and production while handling high pressure and high temperature. To prevent rubber extrusion they will certainly be using a novel material for the packer element to withstand pressure and temps that are common with MJ02.
Don’t obfuscate. You think they would use a rubber packer? Maybe locally sourced perforation guns too? The technology for packers, completion liners, and multi laterals has advanced leaps and bounds from even 5 years ago.
If you believe they would use a packer made of rubber in the year 2022 after MJ01’s experience then I have a bridge to sell you.
You too brother! Happy Thanksgiving!
The rig is an asset owned by them as “Zion Drilling LLC” and “Zion Drilling Services LLC” to both rent the rig and also provide the drilling team if indeed they are not drilling on their own license in the future. Consider it a hedge for uncertainty in operating within Israel if they are not approved for further licenses.
S B F
“We’re not gonna speculate”
Lol
I’ll take heavy water for $200 Alex!
“Flooded well”. Only experts would agree lol!
They will need to finance. Don’t you remember the funding is projected to end in November? No funding will be tolerated without either a big positive PR or a very positive operational update.
I agree with you
https://www.zionoil.com/faqs/#
How May I Better Understand
Executive Staff Compensation?
All of this information is contained within the filings with the SEC. Please know that stock issuances do not mean executive staff actually exercise and/or sell the shares. Much of the rumors on the internet about how much the executive staff makes are exaggerated.
1. It is essential to understand that reportable compensation does not equal W-2 earnings.
2. Salary and Bonus represent less than 49% of all reportable compensation.
3. Stock options awarded, regardless of whether those options were exercised, represent over 38% of all reportable compensation.
4. It is important to note that there has been a company-imposed blackout period, restricting the sale or purchase of stock for all employees, implemented on May 15, 2017, which remains in effect to date.
JB sold his home in June. Listed it for sale the day before the License Request PR on May 10th. It’s strange but above that the free options still flowing to management while they claimed to me “No insiders are buying/selling” is simply deceitful and has no material justification.
I saw him behind a curtain reading shiny stones. He never gave me the answer though!
BM’s mystery man who runs Zion, Viking, CED, etc is otherwise known as “Phigmintof Hisamajination”
So BM believes in a mysterious person behind the curtain running Zion, Viking, CED, etc and you believe the purchase of the 3H rig is most assuredly an insider fraudulent scam?
Boy you guys really cracked the case on this one!
LOL!
And who is this clandestine individual who doesn’t answer to the bod of Zion nor any of these other companies? Your tinfoil needs to be a bit more thick.
What you clearly don’t understand (and I’ll forgive you for it) is that connections in the resource industry utilize very cozy relationships with suppliers. Did you know that a micro cap mining executives can be on the board of 3-4 different companies? No, of course you don’t but somehow your fixation on Dunn, Viking, and CED is some bombshell. Nothing burger BM.
BM you sure got a lot of conspiracy theories and this one about Zion is surely a doozy.