Zion Oil & Gas Inc (ZNOG)

[Prophetic Watchman]

mr carillo, if this info is true, why hasn't zion which resides in texas, actually have part in texas oil?

info comes right from your old office... and now you work for zion, and they are getting nowhere?

Now the Bakken is being eclipsed by an even more productive shale formation in southern Texas known as the Eagle Ford Shale. Often referred to as the Texan Bakken, oil production in the Eagle Ford oil jumped 60% in June from the same month the year before.
According to preliminary data released by the Texas Railroad Commission, the nine fields that make up the majority of Eagle Ford yielded 617,884 barrels of crude a day in June.
And inside of a year, the Eagle Ford will likely surpass the Bakken Formation’s production rate of 800,000 barrels per day to become the No. 1 American shale oil producer, helping to fuel a renaissance in Texas crude.
In fact, in March, Texas oil production reached its highest level since 1984. In all, the Lone Star State pumped more than 74 million barrels of crude, which means if Texas were a country; it would be one of the 15 largest oil producers in the world.
To put it into perspective the surge in Texas crude has been exponential...
In fact, as of this June, Texas controlled a staggering 48% of the oil and natural gas drilling rigs in operation today across the United States. Meanwhile, Texas holds a 26% share globally.
At the current pace of output gains, Texas’ production will likely surpass three million barrels per day (BPD) by year-end, putting it ahead of Venezuela, Kuwait, Mexico, and Iraq to become the equivalent of the ninth largest oil-production “nation” in the world.

the bottom line is zion needs to have revenue at home first before trying to hit it in a country where it has been most difficult to find. but instead, major losses for many shareholders...

not very smart....