Zion Oil & Gas Inc (ZNOG)

[Mr. W]

Hello everyone, hope everyone is doing well.

I know you guys are still holding and hoping for the best, and I am pulling for you.

I’m still not ready to commit again yet.

Personally, I find it a little leery to see these coordinated or timed purchases by directors. I don’t know why I feel this way about it but I do. I just get the feeling like they’re trying to say, “When we come up short, it affects us too.”

I got out at $2.45, and called the drop. I could have bought in a lot lower but still feel like it could go lower than the latest panic sell off.

My heart wants them to succeed for all involved, but I am not willing to risk losing any more money like I did when Zion oil went quiet, completely vague, or sometimes straight up wacky with the updates and this thing lost several dollars of value.

Let’s face it, we all were hoping that they would resume drilling and penetrate into a gusher, but since they haven’t and they have practically drilled to total depth, the odds are that it’s not a gusher. They may have Fracking that they can do but it’s not like they hit some type of major mother load, IMO.

I have my alerts in place and can get back in if we see some steam come back into this stock but if they’re going to wait a month for the next PR, I’m thinking it’s going to go down.

Good luck to all!