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Monday, September 11, 2017 10:02:58 PM
The Victor Carrillo video was recorded 3 weeks ago when they were at approximately 2000 meters. They are drilling now.
Zion prepares to log and case its MJ #1 well at 2,000 meters (6,560 feet)
DALLAS and CAESAREA, Israel, August 22, 2017 — Zion Oil & Gas, Inc. (NASDAQ: ZN) makes preparations to obtain wireline logs and case the next well interval at a depth of approximately 2,000 meters (6,560 feet).
I know they are drilling now because of what Dustin Guinn stated in the previously released video that was recorded at the same time that Victor Carrillo's video was recorded.
Dustin Guinn Video
(paraphrased) We are running our 9 5/8" casing after which we will cement and hopefully within the next 24 hours we will begin drilling again.
With this all said, I do find it interesting that there were three senior Zion personnel who went to Israel.
Zion prepares to log and case its MJ #1 well at 2,000 meters (6,560 feet)
DALLAS and CAESAREA, Israel, August 22, 2017 — Zion Oil & Gas, Inc. (NASDAQ: ZN) makes preparations to obtain wireline logs and case the next well interval at a depth of approximately 2,000 meters (6,560 feet).
Victor Carrillo (CEO), Dustin Guinn (President), and Dr. Lee Russell (Senior Geoscience Advisor and Board Director) arrived in Israel this week to be on site for upcoming operations at Zion’s Megiddo-Jezreel #1 well.
Senior Geoscience Advisor, Dr. Russell explains, “Recent drilling over the last few hundred meters suggests the possible existence of a highly fractured carbonate section in the Jurassic, which presents optimism for potential reservoir characteristics. Carbonate reservoirs are prominent in the Middle East, with around 70% of oil and 90% of gas reserves held within these reservoirs. Based on the evidence of existing fractures, we are eager to see what the next logging run will show us. There are multiple zones of interest through which we still plan to drill and evaluate as we drill towards our total depth.”
While there, they recorded Dustin Guinn who's video was released first (1 week after recording). The second video was Victor Carrillo which was just released (3 weeks after recording). The only one of the three that we have not heard from is Dr. Russell (pictured in today's video showing the analysis readings to Victor Carrillo).
(speculative) They are releasing these videos on a timeline.
I wonder if Dr. Russell's video isn't next where he explains why he believes Zion does have a commercial find. It seems like we are on a timeline waiting for the official analysis to come back so that they can legally confirm what they already know.
In the past on this board, we found out through due diligence that it takes 4 to 6 weeks to have cores analyzed. If that is true in this case, then we are indeed heading for an announcement. We are currently 3 weeks in on the 4 to 6 week timeline.
Remember, these videos were recorded in Israel while they were all there 3 weeks ago. They are releasing them over time rather than all at the same time. Not sure if it means anything at all, I just find it interesting.
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