Friends of Zion Oil. I am Long ZN, and have been for more than 12 years. Read Joel Rosenberg's book and got involved with ZN and Genie Energy among others exploring in Israel many years ago. Have made little or no profit, but continue to invest in ZN.
I have been in discussions recently with a personal friend, who is an independent contractor in another part of the world. He is an experienced petro engineer in the oil business for many years, and very good at it.
I have been picking his brain for information based on what we know are the facts coming from the company for several weeks. I reported to him the statements made regarding pressure and temperature from the SHM. I am not a professional investor, but am simply a believer in the mission of ZN and wish them great success. I bought more shares of stock this afternoon because I know they have made a discovery - and I know it will produce commercially, IMHO. God's blessings to everyone...even the ZN Shorts.
His reply to my statement about 7500 psi and 162C is below:
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Just getting ready to leave office and saw your message so I will be brief.
The pressure and temperature values do not mean much by themselves. What we really want to hear about are whether any reservoir fluids were produced (oil, water, gas) and if so at what rates and for how long.
7500 psi is likely the wellhead pressure. A high value like this is positive in that it indicates that the reservoir has good communication with the wellbore resulting in the high wellhead pressures at the surface. It does not give any indication of what type of fluids might be in the reservoir.
162 C most likely refers to the bottom hole temperature. Although BH temperatures are useful for other purposes this does not really give us any insights into what type of fluids the well might produce.
Not really related to the above but just for your education, Kerogen (organic matter) needs to get above about 400C to begin generating hydrocarbons. This is not necessarily an issue in this case because any hydrocarbons that might be present in this onshore location would have migrated (percolated laterally) from source beds located offshore deeper in the basin where depths and temperatures were favorable for hydrocarbon generation as evidenced by producing offshore fields.
Let me know if you hear anything else. Always happy to share what I know and my thoughts with you.
