Zion Oil & Gas Inc (ZNOG)

[WiseYoda]

Wow....I was just re-reading their 10Q which lays out all the risk here, and that the drilling, completion and testing of the well will be subject to raising the necessary capital of which no assurances can be provided, THAT IS UNTIL 10 minutes ago...HAHAHAHAHAHA YES, they did it!! This is GREAT NEWS!

"Successful Outcome of Recent Unit Program:
Zion's recent $250 Unit Program under its Dividend Reinvestment and Common Stock Purchase Plan (DSPP), ended successfully on July 12, 2017. The company raised sufficient funds to drill and test the current well to its proposed total depth, with the ability to also pay for unanticipated financial contingencies."

They raised sufficient funds to GO ALL DA WAY BABY! End of 1Q, (March 31, 2017) shows approx $5,218,000 was raised under the DSPP program, and the total amount received from the inception date through March 31, 2017 is approximately $18,243,000. The next filing will show how much more they brought in ending 2Q.

Tomorrow is going to be a good day here. Bigger traders are indeed taking position!

55,321@$5.21
33,182@$5.21

$ZN

BULLISH