Zion Oil & Gas Inc (ZNOG)

[Prophetic Watchman]

you want to know why?

the reason it went that high was a simple comment that a small amount of crude was found during swabbing. an amount to fill about 2 small bottles. just because of that, many thought that the motherload was about to be discovered. but that wasn't the case.

this is taken directly from the zion oil website in the history portion.

https://www.zionoil.com/updates/information-hub/history/

2009 Zion’s Ma’anit-Rehoboth #2 well, on the Joseph License, was drilled to a depth of 17,913 feet. After drilling, during swabbing operations, a small quantity of crude oil was retrieved.

In June, Zion was awarded a preliminary petroleum exploration permit (the ‘Issachar-Zebulun’) on approximately 165,000 acres. Zion also completed a stock rights offering and raised $21 million.

In September, Zion switched the listing of its common stock to the NASDAQ. The trading symbol ZN remained unchanged.

In October, Zion spudded the Elijah #3 well in the Asher-Menashe License Area.

In December, Zion completed a second stock rights offering and raised an additional $18 million.


so all someone has to do to get investors excited, is say they found some kind of oil. a few drops, or whatever and they send it to the moon. its called pumping. then the insiders knowing its not commercial quantity, dump their shares. they make money, and the longs lose all theirs where they bought in right at the point of excitement, and couldn't sell for a profit when the bad news came. your reading from one who was in that realm.