Zion Oil & Gas Inc (ZNOG): sdbosco, yes very good article on sizing...

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Re: sdbosco post# 19143

Monday, 07/02/2018 4:00:07 PM

Monday, July 02, 2018 4:00:07 PM

sdbosco, yes very good article on sizing the reservoir.

Given that reservoir size is difficult to determine precisely, especially with just the first well (and seismic data of course), ZN will probably be conservative in what they state initially. In other words, if the data could be interpreted to mean 3 billion barrels, they may say 1.5 billion and let future wells prove the 3 billion.

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