Zion Oil & Gas Inc (ZNOG)

[Prophetic Watchman]

I can relate since Ive been around for much longer than that.

I can add even more heartache in the realm of oil in Israel since I hold a bunch of shares of ness energy.

they drilled a well, then after time the founder died, his son takes over, ran the company into the ground, where we ended up on the pink sheets, and then ultimately delisted and put on the shelf by the SEC.

there were court battles and moneys owed, and an ex management person wanted to continue with this dream, and has spent a bunch of his own money on legal fees, and might get the company trading again shortly.

but even then, theres no assets, no leases, nothing.

only the dream to drill by the dead sea.

so zion hasn't sunk yet but if they don't find commercial quantity oil on this well, they will repeat the path of ness.