Zion Oil & Gas Inc (ZNOG)

[Jackleg1]

Friends of Zion...

Any and all PPS analysis I have done is based solely on a best guess based on the comparable prices of similar oil and gas exploration companies, which there are not many of.

There are many more factors to be considered in order to provide a comprehensive PPS analysis, most of which cannot be calculated until there is actually an operating company that is producing hydrocarbons and selling them. Royalties to Israel and other factors are to be examined by professional analysts. Not me.

At the end of the day, it will be net earnings that determine the final PPS, and the markets view of the company and its probable and possible oil reserves.. I believe the designation for this is the P2.

The fact that ZN has no debt, and relatively few outstanding shares makes any discovery more meaningful on a per share basis than comparable companies. Any commercially viable discovery of oil more than a few hundred million BBL will be a game changer and propel Zion to a new horizon, a billion or more BBL would be an exponential game changer. Anything larger than 10 billion BBL and it’s anybody’a guess at this point.

I believe they found oil or gas and will be able to continue operating and generate earnings. That’s all any of us should expect as shareholders. If they find something amazing, then, well, it will be amazing to see what happens.