Zion Oil & Gas Inc (ZNOG)

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very nice analysis-
its unfortunate that specialization and the language specific to each specialization makes it difficult for non specialists to read between the lines-this is my only oil experience and of course zn has never had a commercial well,so the updates prior to june 19 were difficult for a non specialist to interpret
and there are specialists here -one who has not posted lately -with widely divergent interpretations

Dustin Guinn noted the difficulty and divergence between drilling a hole in Israel where there's practically no historical or offset data
vs texas

During drilling, the rock types encountered confirmed the reservoir structure'-
what rock types confirmed a structure

the holder at the june 5 meeting who asked 3 questions-including how many bopd do you consider to be commercial-that question was never answered- is it possible for to take a stab at that question? or are there too many unknown variables?

part of 1 of the recent PR's post here re timing of and whats involved in testing each zone -emphasis added


DALLAS and CAESAREA, Israel, May 17, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that it expects to commence perforation, stimulation and flow back operations on its Megiddo-Jezreel #1 (MJ #1) well as early as next week in Israel.

Zion’s President and Chief Operations Officer, Dustin Guinn, stated, “After extensive well preparation, rig up and endurance testing of our service provider’s imported well testing equipment, which includes additional well control equipment, flare stacks, separation units, slick line unit, stimulation and storage equipment, we are ready to begin the highly anticipated testing and flow back of the MJ #1 well. We recognize that this has taken longer than expected, but the fact remains that Zion has just surpassed one year without a recordable incident, a great achievement, and we will not increase our risk profile to save a few days. While we do not have a definite timeline for the testing of each zone, especially if we need to perform extended flow back testing, we expect basic testing to require approximately 7-10 days per zone to perforate, run tubing, monitor flow, stimulate and resume monitoring flow. Extended testing will require more time.