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Hello all,
I know, not much news but at least they did let us know something.
A couple of thoughts, first I have always said that if MJ2 is a dud, then no MJ3. I still believe that but the whale gives me pause.
Patience, I know mine is thin but there is so much else to worry about that I have just stepped away for a while.
Happy Thanksgiving everyone..... I have a lot to be thankful for...
Hmm,
I am not happy with the update, it makes us look inept. What the heck have we been doing for 2 weeks?
The bare minimum?
Tabstocks is not something that holds favor, to me anyway.
Best of luck to everyone......
Forgot to thank Bruce, his comment made me go buy more.
Well, I have been quiet, and busy. Watching the markets go up, yet we all can feel it.
With the collapse of FTX and the ramifications thereof, I had some powder. I had said I would add more at .14, but I waited until the 10Q.
I added more today, a small amount but enough that I 'could' trade them out. I still have many shares but these will be play shares I guess.
Why? Well as some put it the whale is still here. We would not be if not for the whale(s). I still believe it what we are doing, oil is there, but commerciality is unknown.
So @.0121, I added today........
I call it the packer purchase shares.
Oddly enough, I put my order in for 11 cents.....it did not go, it went up instead, oh well.
To everyone as well have a great weekend
Hope everyone has a great weekend.
Kinda funny how quiet it is, makes one wonder.
Makes sense, and I do not get off work to meet that.
Figures.
Yes it is. Learned a lot as well.
Interesting take.
What I got from my conversation is 'how much' water. It is not rare to have these issues.
% cut.
This can be an issue. It is not Brine by what I read, but the heavy water comment was funny.
There is oil there, how much is the issue and at what cost to bring to the surface. I am not sure what % makes it unworkable, but I am sure it would not be the same number as in the Permian or Bakken.
However, Israel has Desalinization plants and these are NOT cheap. Water could be disposed of, or treated and used, that is entirely possible. Yet the cost is prohibitive.
I guess it will be what the price of oil is as to whether it is commercial or not depending on flow rates.
I will state I believe this well to be the last one for Zion if it is non commercial. Yet, part of owning Zion stock is he shock and surprise. The whale could return maybe. I have been wrong before and will be again but that is my thought.
Yes
Thank you KyOil.
You sir, get it.
If it is such important info, enlighten us will you?
Nah...thought so
Well, not exactly encouraging news. Nonetheless, we know they are having issues with water from above. A packer is needed.
We wait more.....
.14 cents is coming...
Correct, my speculation only and how I see it with what has happened since 2018.
That being said, I am 99.9% oil is there. How? It was at MJ1 as well but not commercial. They had 3D done and a new better located target. They are at that target and testing it. Time has went buy, and I am now accustomed to things taking way longer than I would like, but so is life.
What worries me is that this formation is similar to the Golan one, yes lots of unconventional oil and therein lies the issue. Nothing would make me happier than it be a conventional field, but there is the possibility it is not. That begs to question, do we have a Permian style with both conventional and unconventional? I do not know.
What I do know, is that the mistakes of 2018 will not be made this time. There are vested interests in seeing zion oil fail and they are hard at work.
If they have something, then nothing till its bulletproof.
If dry, we would already know.
Yeah, should have had something but I am not surprised. Then again, I am not worried either. In due time. Bulletproof.
Agreed
Seems these were purchases not grants?
Can this be confirmed? 300k shares is not chump change...Why all exactly 300K shares though? Odd.
Does you no good to have options you can't sell.
Again, doesn't fit the narrative about the zion boogeyman behind the curtain.
Here is $100k worth of the company. It is yours.
But, you can't sell em.
Yeah, lots jumping on that bandwagon I am sure, doors are being broken down to get in on that deal.
I saw the zion guy fly over my house.
2 more weeks
Nice try, the SEC and Israel just sit there? Deep reach, but not surprised.
I think we all were to some extent. I did believe there was oil, and there was, just not commercial. It is the things that happened to Zion Oil once they announced that hydrocarbons were present that i remember most.
Take note: Zion will not do the same thing again. It makes shareholders mad, but think about it, do we want that to happen again?
Patience, its now a Jubilee year!
Wow, the world just got more unpredictable.
ZION oil will have a rough 30 days on no news.
No fret, it is all in His hands. Pray for peace.
We talked about the pipeline when dealing with MJ1. Yes, that would make sense if there is a true oil field.
Interesting days we live in....
Well put (+1)
Thank you. For verification....notice the crickets?
I had always thought the R factor went back for the money invested in drilling which would include all the Wells, the whole 200 million dollars.
I could be wrong on this , but that was my reading of it when I went through the documents pre MJ1.
What about the R Factor you left out? Zion can recover its expenses (~200 Mill) before the full amount takes effect. Read the 10Q and what it means.
So you left that out. I wonder why?
As for the Charity? You fault that? ????? Really?
I am not surprised.
Its call Netback per barrel.
Does not fit your narrative does it?
Yes it does
I remember Dixon, got lots wrong , more wrong than right.
I do not follow this type of thing. I do see predictions that come true, but I pay attention to the source. Saw soemthing on Monday that the queen had passed and they would announce it on Thursday.
Yet, the deceiver can mislead this way as well.
So be cautious with 'predictions' that claim some type of providence as a source.
Just my 2 cents.
Stromboli, almonds, and black olives.
I agree, if so positive, why not a name with it?
Most are incognito, nonetheless, this was a pump article. What is says could be true, but for now it is speculation.
This is no different than the noise but in the other direction
Almonds, cashews, and bullpuckey.
Fuzzy wuzzy was a bear,
Fuzzy wuzzy had no hair,
Fuzzy wuzzy wasn't so fuzzy wuzzy?
I would say 50/50
Agendas.
All that was done still failed in the end. Mj2 is either commercial or its not. It caused lots of problems for sure, but that was the goal.
It had nothing to do with protecting shareholders, it was an agenda, and we still see it today. Just has little effect except passing off shareholders because the company says very little..
How did that lawsuit work out for ya?
I still find it funny that I was contacted to join it....
I find it funny you do not include some of the other things that happened. Zion got yolandized, and you were there.
Why not mention this as well?
I have not used the dsp but if what you say is true, then there is no excuse for this. I have not heard that from others.
I just buy my shares....almost bought more at 14 cents but stopped, expected to go near a dime, them my final powder. So now I wait.
Wow what a day. I had an order in at 0.1410 and did not hit the button.
The way I see it, the noise is back but not in full swing (yet). So the stock is dropping because the noise is spooking some folks. Sure we are getting no real news, but deep down we do know why Zion is being this way. I don't like it but there is nothing I can do about it, but I get it.
So here we are, late in the game, waiting on the news be it good or bad. Yet the price is dropping steadily every day. So I will wait until 10 cents and drop more in, if no news.
This is not nice, but I would like to see the shorts caught in a pickle. Simply because they would not leave this small company alone. It gets way too much attention and we all know the reason why.
So hold on. I can say this however. Zion Oil is but a tiny part of my worries. If I loose it, no problem. I am losing more in my 401k that I have no control over at this point. What I could get to cash I did. This is going to be a hard 6 months, but I bet the next three will wake many up.
I still believe in the mission statement. I have put my money where my mouth is. I have been accused of being a pumper. I am not, matter of fact I tell folks not to. Some have went ahead as they hear the story and the results of being a company that professes what they do. This is even more rare.
Blessings to all...
I know they have not found commercial oil as of yet. Please explain the 'leanings' of those that attacked zion oil in 2018.
Why do they care? They care about the stockholders? Right. Ok. Sure.
It's the mission statement that drives em nuts. Why spend the time against zion oil if no agenda?
I know why.