Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

Its kinda funny. I asked about the several threads of thought, each of which seems to contradict the other and, all the while, being very rational.... and so I get rational explanations of two of the main ideas as a reply.... and both are rational. LOL

So.....

I guess the whole of it boils down to this: if the well comes in... BOOM! If its not a big find.... DOOM!

I heard a story back when I was in the oil business service firm I used to work for, about one of its owners back in the 1930's who punched a successfully tested well in central Texas and went out & borrowed money and put in tanks and connections to pipelines and so forth.... Back then, it was more of an art than a science.... Anyway, as the story goes, he borrowed the money from the local bank to build a business presence in the community and then, after all the money was spent on the infrastructure build-out, the well was put on line and began to produce, only to disappear into little more then a loud "Burp". So, he had to bail on the loans, declare BK, and retreat with his tail between his legs. It may be that the business end is much more scientific today, but the thing still boils down to whether the wells that get punched are producers or not.

Which is exactly where we are, isn't it?

THNX

IW