Zion Oil & Gas Inc (ZNOG): Interesting Probabilty you may want to k...

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Zion Oil & Gas Inc (ZNOG)

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Wednesday, 08/09/2017 8:44:17 PM

Wednesday, August 09, 2017 8:44:17 PM

Interesting Probabilty you may want to know..

" CHANCES OF SUCCESS* OF EXPLORATION WELLS

*Success rate (meaning the hydrocarbon discovery in a significant amount) of exploration wells are:
> New areas (with no previous exploration): 10 to 20%
> Geologically known areas: 20 to 30%
> Areas close to production zones: around 60%

"

Source: http://www.ifp-school.com/upload/docs/application/pdf/2015-02/5_exploration_well.pdf

Technically, Zion is close to a production zone, right? 25 miles off from where Genie discovered a massive reserve. According to this article, are we looking at a 60% chance of discovery of hydrocarbons here?

"Believe only half of what you see and nothing that you hear."

-- Edgar Allan Poe

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Recent ZNOG News

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
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:08:07 PM
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
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2023 03:09:11 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/29/2023 06:24:40 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/28/2023 09:02:26 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/27/2023 05:40:34 PM

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