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SD bullion
I can sense you are frustrated.
We all are. We either believe or we don't.
I will agree that Zion Oil sucks in the communication department.
I have been F.O.S before but I do believe it. I added to my position.
Not since 0.22 cents, but I have a little powder left but I committed to wait until under 20 cents and at least some news. We had some news but it was not what I had hoped for.
Look around, Zion Oil is a really really small deal right now.
Did get one of these though,
Thank you,
Makes sense. There is still the possibility it is a gas well and in these strange days that would not be a bad thing.
I always learn from your posts.
G o o d D a y
Update out
Not much to it, nothing new...
https://www.zionoil.com/updates/zion-oil-gas-operations-update-from-israel-as-of-august-1-2022/
Well its possible and would answer questions we all have.
I am cool as it doesn't matter really, He is in control.
Expect the noise to grow louder in the interim. It's already started.
Well, there used to be timely updates etc. That is not the case now. The reasons behind it can be found here as well. That being said, I have done research into oil in Isreal and its there, Heletz field, Meged field, and others but those are the commercial ones. The big question is can Zion Oil find it? I sure hope so and I want them to complete the mission statement.
Blessings are His to give, His timing, His rules.
That's why I first started here, then when I saw the effort to crush Zion Oil, and more importantly who was behind it, I added more shares and became a fighter for the company.
Success would be nice but nothing is gaureteed....still risky.
Its amazing,
We do not get any news of substance I agree. An extension of the existing permit for drilling for 6 more months, not the three years we asked for if I understand things correctly. We also add another board member with horizontal drilling experience. These two things are not really of good news or bad. We knew we would be extended. I am disappointed but have become used to this since the fiasco of MJ1 and the things that happened when the company did share things in a timely manner. I understand they will not make that mistake again.
Yet here we are, some of the anti-Zion oil folks go nuts on the other post boards. The daily negative posts. They even go after posters here.
I do not do this often, but the admins here have done a decent job in regards to this. So for that I will give Kudos where they are due.
I for one have been quiet for the most part as there is nothing to really argue about as we stand. I do however note, the frequency is increasing.
Someone is worried. I am not.
Thank you KyOil, Good Summary. I will add some comments, hopefully you do not mind...
A few posts down he addresses the 'whale(s)'. It is a question I have been most interested in.
I was talking with someone in the oil industry today about Zion Oil. The subject of wildcat wells was the topic. He enlightened me to what that really means. If one is to drill in a known area, it is not a wildcat well. Wildcats are successful maybe 10% of the time. This does not give us good odds but I know the risks and have taken them.
After a brief conversation and the mention of the whales, he said 'sounds like it could go private'. We knew that was possible but I think less so now. It would have occurred last year.
This was a good conversation, we discussed DSTs, perforations, and wire logs and what that entails.
He told me on one well, that the core samples had oil dripping from the rock. When trying to produce it was 90% water and they could not explain it other than fractures in the wellbore. I found this interesting as I told him about the collapsing rock and the decision to encase while drilling. He explained it to me and said that it was not very common and how did they get the monies to do that. This is where the whale(s) came to the conversation. I advised him to not buy any and he was like not a chance, too risking with so many unknowns. I agree with him but I have been here for many years and have not given up.
We talked about geopolitical backstories and he said that can be an issue and was in West Africa and some of those wells.
Nevertheless, here we are, still low volume. I am glad we are on the OTC at the moment, as the noise is not really looking at us at this time. Sometimes that is a good thing.
Agreed.
I am still watching but not saying much these days, folks know how I feel.
I will say I am surprised by the low volumes which I see as a good thing. +/- a few cents is not concerning to me. News will be what I want to see.
KyOil was right on target with the whale.
Debka,
That is a site that one must be cautious with. Sort of Like Veterans Today.
Since Zion Oil is saying nothing, hearsay is taking off..
Zion Oil, It is time you inform your shareholders of status. This needs to happen BEFORE we hear about it on an Israeli webpage.
I don't think the share price would survive it. It would have to go private, and with the whales still could, no matter the outcome of MJ2.
Funny actually.
All these terrible things that zion has done to shareholders...and yet they drilled and again they drilled just as they said they would.
If as bad as you say, the there would have been no need for a coordinated attack on ZN oil, yet there was. Why?
I will tell you as if you did not know ready.
A successful Zion Oil is a threat.
To whom? Easy to figure out...
Excellent thoughts sir,
I can't add much but I would also like to see the 13g. Whom is the 2nd whale. Whomever they are, thank you.
Excellent post sir, and I agree with your summation.
The best I can say is margin calls, but that is short term....then they break loose I would think.
Yes stocks will drop..
Bonds will drop..
Metals will drop..
In this case, cash will be King for a short while...
Oddly enough, my wheat and corn sold at a small loss when the talk is of famine. The only winners I have had is shorting the Yen and Euro but the $$ amount is small. I did it to watch.....
Surprisingly, Zion Oil has held up well under this crazy market.
Well I am down as well, but got most out in cash..
One fund I can just watch and it is down a lot, 20% or so..
What a mess things are....
I think I read they intercepted drones that were heading to the rigs...
I agree, nothing makes sense anymore with the markets
Agreed,
I think when 10q comes, there will be LOTS of eyes on this.
Been busy, but watching price, we are holding well for now.
My stop loss executed on wheat and corn. How they could be dropping makes no sense. Shiny is dropping as well.....market makes NO sense. Pain incoming ...
Exactly, and that makes me wonder.
Good Points Sir.
We know who it was, we know the players.
We do not know, who was funding it, the leader so to speak.
Yup!
I did not know the chat was down. That is concerning even though a lot of it is the noise pushing an agenda. Reagan handled those well I think.
Concerning but we are pushing north, Green in two accounts now.
Still not worried and here until I hear something that changes my mind. I can not see how a waiver can be granted. It could be the PPT and the Fed, who knows who it is. I think the rest of shareholders deserve to know as a controlling position will come if not already.
Odd,
Then who are the whale(s)?
Maybe we will know with the next 13g.
I think if commercial, they would give an estimate to justify more wells. Of course in this environment, they would need to be almost super conservative about it. They will not just say we have a well and move on. Then again, politically, they might not be allowed to do so.
Don't hold your breath,
He doesn't answer most but maybe he will this one. If so, that is a great thing. One more well from same pad. Field Sizing hopefully.
Thank you sir,
I had forgotten about that. I had thought it was entirely plugged.
Is the glass half full?
Is it half empty?
It is how one looks at things.
".....God your grace is so rich and we ask for so much (of you) we ask you to look over our all the workers at our drill site, all the technical people (and) all the engineers that support the effort of FINDING A GOOD PRODUCING WELL in Israel....."
The well is not producing, they are still testing said well.
I see a man praying for the safety of his workers (all companies have to say this first now), and then the message.
I took him as frustrated, restrained even. That darn mask did not allow one to see facial expressions either. I think it was frustration at not being allowed to say what we wanted.
That is my opinion of why he left before the Q&A..
But I will say one thing, we are both blinded by what we believe and want to believe. You have a job to do, I just want Israel to have their own source of oil.
Not sure there..
I did not even get to check the price, had a text that someone from the East was shorting it, 6PM I checked and we are green. Volume is still very small to what I would expect.
Some here say that Zion has told everyone it is not commercial, yet they do not back it up. I listened to JB's prayer and that is not what I heard him say.
Still it will stay +-5 cents for a while....... Volume is the one to watch.
There are not known supplies yet,
Depending on size it could be...but for now it is speculation only.
It is not
When you think about it,
That is funny, the kingdom is going green. Climate change is garbage but that is still funny.
Hint: its that big ball of nuclear reactions 1 AU from earth that is the culprit, not cow farts and SUVs.
Woah, I am behind.
Although NatGas is cheap and plentiful here, at $8 a dekatherm, that equates to around $80 a MWhr. We are screwed in the near term but we will ship it to Europe and get some bucks and screws the residential customers in the US. Grid is stressed already.
Maybe Zion can find more gas as well.
It is a whole new ballgame that Obama started.
Gamechanger!
I did not know about this.
Guys I am working on it,
been distracted but I will listen to it again. It will have to wait till tomorrow now.
I am ignorant of it,
We should use a better term. Please explain how this works on a vertical well.
It would clear things up. Stimulating wells "The Modern Way" so to speak.
Well Tisdal, maybe
waiting on an answer into what formation they are actually getting the 4 targets from. If the Meged was 1.5 billion barrels, then maybe 10% recoverable.
Fracking - I think we need to set the bar on what we mean by that. Stimulation, ok yes. What we see in the Permian, No. There is not the water there to do that. Sand yes, water no.
Conventional well with additive technologies. Yes
If we can get a confirmation that we are in the same formation, then the next question would be what is different here than the Meged? I at this point think that is not the target per se.
I have asked.