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3 million shares before noon.
Wow.
Maybe it's manipulation like Tisdal says, and maybe it's not. I went back and reread the release from the 31st, they applied for an amended (changed) license. I would assume the verdict is known, hence the upward trend. This is my guess, and it is worth nothing...
Yes just 2 million shares. Peanuts.
Cracker jacks
Popcorn
Yet , zion is silent, I will say it
I am pissed about it......
Well I am at a loss....I have no clue why this is going up. An end of the day run so to speak. At 300k shares, would be folks not just selling. 2 million shares ? Must be stop losses but who was buying?
Not me.
Mini-whales?
Almost 9 cents.....
No news.
KyOil & Bruce....question.
What is the 2nd whale is a group of mini-whales? There is no way that we can see where the purchases are coming from, what timezone, but it would explain the 13g issues.
I am officially bearish until we hear something, this price move makes no sense at all.
It's the mediterranean hurricanes you have to worry about.
Come on even shorty has to wonder why zn is not a penny by now.
I have no clue.
Of course not.
It's a drilling license, they are not drilling at this time.....
Still will want to see an answer but it will be crickets.
Someone or something owns a lot more shares that does the 13g's filed. It is not thousands. Read the reports and the dspp funding of most all of the MJ2 well .
Whale(s)?
Oh its rumor.....yet right there in the 10q.
Hey,, it doesn't matter what the 800k shares a day are, that's the manipulated stuff. Who own the 300 million shares Bruce... .come in your yahoo buddies know...
That is odd...mj1 is a nothing burger
Since they tell us nothing it is all speculation
Odds are never good, our just got worse.
And yet some keep pushing an agenda
We heard something, it was nothing but red tape
Will not know till we do, yet shorty continues. Have to give it to em, persistent for years. New names? Yes, that part of their game.
Still this is so risky now, at 8 cents , if stomach week, bail.
I will not. As some one said, it was a hunch, gamble, or whatever.
We have bigger problems now than zion, it's gonna get ugly soon.
Why go back into MJ1? It was a noodle with smaller diameter pipe?
They do not have the funds to get a 6" bore down to that depth
As you said they have an idea, yet will not say. Why? 2018 waa a reasonable excuse for a time. It is no longer.
Just wish they would tell us what the heck we have. Maybe the secretive nature is because of location but I doubt it.
I am frustrated, but if I loose I loose. I accepted that risk.
I am tired of the games however.
Funny how that question is ignored....
Why?
I will tell you why, it doesn't fit the narrative.
Zion Oil of course doesn't help themselves by ignoring what happened.
Offense is the best defense......but they chose the other.....
No one took my money.
I invested it, of course it was not a good one so far, and most likely looks bad but it was a shot I took.
As for info given by zion, the 2018 debacle caused this silence. It was deliberate and funded.
So, who paid Jamie Powell?
So , your saying for the record, that viking paid to have a 'job' done on Zion Oil?
Small issue here, they could have just bought it out once the 'job' was in full swing.
Who is the big whale?
It was external monies, not inside.
Of the lawsuits, yes stockholders got on the wagon, but who instigated it? I know, I was called to take part.....
Lawyers made money, but you can not sit there and claim there was not 'outside' monies driving that narrative.
Who paid Jamie Powell?
Buying more shares for me has sailed. The lack of information has ruined it for me. I have not sold any but I would if it climbs some, not all but enough to make up for the 15 years I guess.
The lawyers can ruin anything, this is why Zion Oil is this way now. The ones who paid to attack it in 2018, in some ways won. The lawsuits were dropped but the damage was done.
It's THE whales company now, and dully so as they have been funding it, not the stockholders or DSPP folks.
There has to be some value to the license, someone knows something. Personally, I think there is oil there but it will take measures to get at it and that will be deep pockets, the shareholders in general are moot and have been for 5 years .
Interesting indeed,
So we have whale(s), with one owning under 50 million shares. The other is much bigger.
Who?
Well, since no 13g, then maybe a government entity?
Norway sovereign wealth fund?
Saudi wealth fund?
Israeli wealth fund?
Odd, I have no clue who it is, but it will be interesting to learn once public. That has to be soon. If the license is extended, then my best guess would be the Israeli one...
Interesting times we live in....
Glitch...
Still 7 cents....
The fact that it's not a penny is driving the shorts nuts...
Reminder, they are not allowed to sell, no employees are, but that is forgotten with all the noise.
At least that is my understanding unless it changed in 2023.
And that is a reasonable thing to be thinking
That is but one man who had the resources in South Texas to do what he needed to do Israel is a whole different ball game. Zion has never ever fracked or anything close to it. Do your research on givot olam. I have it documented it elsewhere. Zion Oil and fracking does not exist, nor has it ever. Can that change? Yes it could but the odds are not in our favor at present.
So what if? Zion Oil has no experience as a company doing this, yes guy is getting paid who dealt with it, and knows what it takes, but the resources for this do not exist in Israel or anywhere close.
I went down this road with MJ1. When the permeability issues arose, that was the direction I went.
Golan - same thing, Meged same.
We are reaching, where we shouldn't. If zion oil continues to be silent, they will loose.
Offense......that's what we need.
Great link....thank you.
Oil shale and shale oil are two vastly differeing things but this makes sense if the laws can be changed.
I am not sure they can in the near-term to help Zion Oil. I would not bet monies on it and Zion has NO experience in this area, none.
Dunn, though the lawyers is specific for sure. I can just not think of a reason for him to use that description.
It is what it is, there is blood in the streets, some say that's the time to buy. I will not be buying, I have enough shares.
I will stay because I am convinced there has been an effort to kill the company for at least 4 years now. Why?
There is no logical reason to stay, yet I do.
I really do not think heavy water is something that is pertinent to Zion oils dilemma of no commercial oil.
There is not some "pool of deuterium oxide" underneath MJ2 or in that area.
It would not be something that has president anywhere else. It is possible but not feasible.
We were drilling for oil, not deuterium.
Dunn, saying what he said did not make sense.
Yet,
Nobody said he would do it for Zion oil..
Yet he very well could push for a different energy policy times are changing there right wing you bet he is.
On a quick thought, heavy water is an isotope, a very rare one. All seawater has some in it, very expensive to "process".
"Heavy water is naturally present in ordinary water, so it's more accurate to speak of "isolating" rather than "making" it. Separating out significant quantities, though, is no easy trick because heavy water constitutes only one part in 4,500."
It is not processed with a well. That is a dead end.
We are after oil. That's it , no mysteries. It does not look good unless modern technologies can be used, yes fracking. That is illegal in Israel, so our odds are even less now.
No rabbit holes here, it's all about the crude and if it is recoverable or not.
Unless zion oil has something pertinent to say, I believe it's most likely over. Only the whale(s) can save them now...
It was not to be, yet I still hold my shares as the unknown can work both ways. I would not advise anyone to "buy in" at this point. We know the permeability is crap, fracking isn't allowed, and they are.out of funds.
The FAT lady is warming up...
I still have not sold any......fyi
Agreed.
Now that is interesting, maybe the commission would allow, I do not know.
Folks, it's simple really, if the whale(s) stick around, we go forward, if not we are most likely done.
Great article, however 2012 is a decade ago, technology has improved leaps and bounds since. Still, it's illegal in Israel so not in the cards at this time.
What givot did was similar but old tech but it worked too certain extent. It is why they still have the license for the Meged. They just don't have the monies nor can they legally do what they did years ago anymore.
Truly, zion oil must address this publicly as to many think that is what they are planning. I highly doubt it but hope I am wrong.
Not that I have heard but it gets down to the definition of fracking. I would not be surprised if it had. The US leads on this technology, so it is possible.
It's funny because fracking as I understand it was what I have been saying for years, but I was hoping for conventional wells. Now we know that is highly unlikely and in Israel fracking is banned, just as in New York State.
Therefore , things are not well with Zion Oil, we are looking for a miracle at this point.
Funny the thought of going deeper with MJ1. I was screaming to do so on Elijah 3. Still, the spaghetti comment causes pause, they did not have a 6" borr at depth, it was 4" if memory serves. They had better communicate better or they will not get the help monetarily from the long term shareholder.
The whale.....that's the question that matters.
I have said that MJ2 if non commercial, then that's the end. I still think so but haven't sold yet. I guess , like a captain, I will go down with the ship....but I am noncommittal about that now.
Talk of MJ3, KyOil is not in the cards with their communications to shareholders.
I hope I am proven wrong....believe me.
***********************
And it is not 50% to charity, I am glad that was corrected. We know who said it.
He would not have come to exit like that. More than meets the eye here imho.
Oh I hope you are wrong but we both know you are most likely right.
Coms - zion sucks and the 2018 reaction cost them dearly.
Private? Yes that is where I am leaning, and so be it. Not happy about it, but that is the likely scenario.
Whom do you think was buying today?
Tisdal,
I understand the frustration. I do not blame you for moving on. Zion had such promise and then the lawyers took over. They could be coming again I guess.
You nailed it on the permeability. I was discussing this today and I have some questions for KyOil from another oil man about what is in that formation. I guess we do not have the information or at least Zion did not provide it but the oil is there.
First the Oil is there:
Well what a day! A surprising one at that!
I started by trying to rationalize a sell to get monies back on taxes. I then realized one can only take $3000 in tax losses. I have made more than that this year so it was to lesson my tax burden that I have already paid. That was the thought anyway....
So there I am with a sell order for 20,000 shares at open. I saw how the pre-market had taken it down to 8 cents from the 12 cent close on Friday. I would sure like to be able to trade after hours and pre-market but I am not a trader, so that was not an option.
I want to be clear about something that keeps popping up. I have said my shares were not for sale, and that was true up unto the news that MJ2 was non-commercial. I have sold some shares in the past, a few shares here and there to pay my $25 fee for my account. These were very small amounts and it was years ago, so did I lie? Well, I guess one could say so but selling less than 1% of my holdings was a sell. I had forgotten I had to do it, a few times. So I guess that makes me a liar then if you so choose to believe. Whatever.
Back to the morning, I had the sell in but was watching. I was trying to get 6 cents but it fell to less than 5 cents so fast that I never hit "sell". I did not change it to 5 cents. Why? I am not sure and I do not blame anyone on getting out as best they can. I had to leave, so I closed out and went about my business. Later I noticed it was 7 cents! What? That makes no sense whatsoever. I am floored and surprised. It held there for the rest of the day.
So the day ended and I did not sell a share. I will not say that I will not as we move forward if there is a forward. Yet, one has to ask, who the heck was buying? That still puzzles me. I at no time thought of adding to my position. Even if I would have sold the 20k shares, I would have still had plenty, so there is that.
To Zion Oil - Ok, its done, MJ2 is non-commercial. I will state that your clamming up because of what happened with MJ1 was understandable, it now in my opinion shows that it harmed to you ignore your shareholders. I have never been part of the DSPP nor will I be for my own reasons. The silence via the lawyers had it affects on me at least.
I hope you revisit this topic in your boardroom. Christians thrive when persecuted and standing up for what they believe in, compromise has always caused a downward fall. Remember this!
I have had time to think about this and the results. I have access to an oil person that has explained that wildcatting is not for the weak. The risk/reward is what it is. Yes, Zion Oil is a wildcat operation and has been. Now Zion is at a crossroads. It is one that I understand well. If not for the whale(s), MJ2 would never have been. I can not speak to the why, but if that support is withdrawn, that is the end of Zion's mission in Israel. What will happen? I have no clue but I will say this, you must change how you operate and treat your shareholders. If the goal is going private, then that might be who was buying today, I would guess. I know I was not buying. I believe in the mission but it has not been successful. I will anger some by saying, there IS oil there, but Zion can not get it with present conditions. Fracking the formation is the only way the permeability issues can be solved and that is not in the cards at this point. I know that Givot and Afek know this as well. So here we are.
What are you going to tell us next? MJ1? That has to be a joke and it is not funny. MJ3? Only with the whale(s) will that happen. I could be wrong and the man upstairs controls all and I would love to be proven wrong with this but that is what I think.
Since 2007 I have been a shareholder, through thick and thin. I am not mad that MJ2 was unsuccessful. I am mad at how the company dealt with things, lawyers have there place but this harmed Zion Oil in the long run in my opinion.
Good Day all and have a Merry Christmas everyone!
Yeah, not as bad as MJ1 but hurts nonetheless. I have updated my thoughts elsewhere but for now we know Monday will be ugly.
Were the bears right? Yes the well is noncommercial. About being a scam? No in my opinion but that is worth little at this point.
I am not sure what I will do Monday. Take the losses off on Taxes? That would be the prudent thing but I am not sure.
I have said many times that if MJ2 is not commercial, then that would be the end of Zion Oil and I still believe that for the most part. I think going private is what will happen, maybe the whale(s) already owns enough for that. We never could get clarity on that subject.
As for is Zion Oil a well run company? No, their public communications leave a lot to be desired. They are so scared to say things because of what happened at MJ1, that it absolutely affected their communications. That hurt them more than what they were worried about in the first place.
We shall see.......the only thing I can hope for is that I know in the end whom is in control. That alone gives me peace. It just wasn't meant to be at this time.
The 'Chosen' is an excellent production, interesting the take the director tells the story, I really enjoyed the first two seasons, watched in two days. A+