Thursday, July 20, 2017 9:47:28 PM
Thank you to all those who took part in the DSPP. You have alleviated one of the major risks to this company through your participation. We owe you our thanks. So welcome aboard.
As for tomorrow, this is only the second time Zion has closed above $5 in a number of years. Will this be enough for the more reputable Oil and Gas investment firms to take a stake in this company tomorrow or early next week? Remember, a lot of Oil and Gas investment firms are not allowed to take a position in what they would consider a pink sheet stock (those that trade below $5/share).
The smart money has been watching this stock since June 5 when drilling began. It has been on their radar because the stock price has been moving up so quickly since they started to drill. By now, they have been in touch with Zion's management team (if they were not following them previously), they have requested the geological research, and if they received it, they have forwarded it to their research branch to see if they agree with the Zion's and the third party research firm's analysis. If they do agree, and now that Zion has closed above $5 for the second time, tomorrow could be very positive.
The downside is that the more professional shorter's will be attracted too.
As an aside, I think the next press release should be a video. Just John Brown and Victor Carillo sitting in lawn chairs next to the drill on Shabbat. They are smoking cigars as they relax and enjoy the quiet and the Sabbath. Victor takes a long draw off the cigar, exhales and says to John, "Do you smell gas?". John takes a draw, exhales and replies, "Yup, maybe we should put these things out.". Victor replies, "Nah, lets get a safe distance away, these cigars are too good not to fully enjoy." They both pick up their chairs and walk off screen. Now that would be a great press release :).
In actuality, the next press release could simply occur in the middle of any of the trading days over the course of the next week or so with a halt in the stock's trading pending announcement from the company.
Here is some information with respect to what is currently happening with the drilling process as mentioned in the press release. Enjoy ..
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Rock and fluid properties will determine how much oil and natural gas can be recovered from a reservoir. After an exploratory well has been drilled, it is evaluated to determine if there is enough oil and natural gas in the reservoir to make it economically feasible to initiate recovery operations.
Drill Cuttings and Core Samples - As the drilling mud is brought to the surface, it is run through a sieve to removed the drill cuttings (pulverized rock) before the mud is recycled down into the well. Small pieces of rock are selected for microscopic analysis to determine the type of rock being drilled, how porous it is, and whether oil is present. The drilling mud also is analyzed with sensors to see if trace amounts of oil or natural gas are present — an indication of a possible accumulation at depth. In the past, rock cuttings were the principal source of well information.
Well Logging - A special bit can be used to cut a cylindrical piece of rock that can be brought to the surface for analysis. The core is sent to a laboratory where the exact porosity and permeability can be determined. This gives a good indication of how well oil or natural gas would flow through the rock. Fluid samples can be taken and analyzed to determine the amount and type of hydrocarbon present in the rock.
Wells are completed for production if the value of the recoverable oil and/or natural gas is greater than the cost of drilling and producing them and delivering them to market. If not, the well is plugged In accordance with industry standards and federal or state requirements (depending on the location) and the site is restored.
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Recent ZNOG News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 09:17:16 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/22/2024 09:16:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:30:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:00:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 07:38:34 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/26/2024 07:37:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 04:44:22 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/29/2024 04:43:39 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/25/2024 07:42:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 02:54:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/10/2024 09:31:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 07:45:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:33:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:26:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:19:45 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 06:58:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 04:50:59 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 12/20/2023 04:49:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 07:38:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 05:43:07 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 02:38:05 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 11/06/2023 02:35:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2023 03:35:05 PM
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