Zion Oil & Gas Inc (ZNOG)

[JRyan]

Understanding the PR

Based on our internal interpretation that is supported by third-party petrophysical analysis, we have chosen up to three primary and two secondary deep target zones to test for flow/production capacity.

They way I read this is 3 primary zones and 2 Deep secondary zones.

The three primary I believe are in the pay zone that Givot and Genie already hit. If the deep ones are secondary, then that is worrisome to me to some extent.

It can be two things, 1st being they want to see just what is down there (are they deep enough)? Remember they were going 320 feet more and stopped after 100 feet.

I truly believe the deep zones are the game changer ones. If the shallower zones are producers but my opinion is the field will be in the millions not billions of barrels.

2nd - if the news with the deeper zones were that spectacular and the need for political diligence is required, then maybe that is one way they can continue operations from the shallow zones getting revenue and such while they deal with the bigger picture. Its a hunch but only that.