Zion Oil & Gas Inc (ZNOG): There's a lot of speculation as to h...

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Zion Oil & Gas Inc (ZNOG)

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Thursday, 05/17/2018 4:56:04 PM

Thursday, May 17, 2018 4:56:04 PM

There's a lot of speculation as to how much oil Zion has found. This is from a November 2015 press release where Zion is citing the GARB report

The range of total estimated prospective recoverable oil volumes for Zion’s prospect in the four target horizons ranges from 20.7 million barrels to 234.6 million barrels of oil. The “best estimate” (P50 case) for recoverable oil in the Mid Cretaceous is 27.8 million barrels, Upper Jurassic is 18.3 million barrels, Mid Jurassic is 17.9 million barrels and Triassic is 5.7 million barrels for a total “best estimate” for recoverable hydrocarbons at 69.7 million barrels, if a discovery is made

So, 70 million barrels is the best estimate we have for the next 10 day. If it is that amount, what's the share price? $50?

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