Zion Oil & Gas Inc (ZNOG)

[KyOil]

Spifster, this is a very interesting. But is still too early for the average investor to determine if their technology is commercial. I guess that's why they just completed a private placement where the qualified investor can be properly briefed and is suited to take the risk.

That said, I really like the technology direction they are going. The produced water from the deep has all types of components. It could become a way to "mine" several miles deep. The biggest non-water component is salt as discussed in a previous post, and salt has value when in a pure enough form. But, there are many other components with a higher value than salt by weight. And the video mentioned that the water is cleaned up and can be used! This is an great combination of opportunities for a state like Israel that needs clean water and has the innovation to extract valuable components from the produced water.

Keep an eye on this one and others similar as they come up.