Zion Oil & Gas Inc (ZNOG)

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after my faith, logic was my next strongest field -and from what i've seen of the market up close since 2009 i've not seen much logic-mostly emotion and overreaction


loosely the current book value(bv)of zn is the stockholders equity(23m as of last 10q) due to 25.9 m of exploration cost being capitalized (expenditures that are counted as assets for accounting purposes though they are not assets in the normal sense)so right now zn only has a ca .39 bv (23m stockholders equity divided by ca 59m shares o/s)

since the market has already factored in some present value of future oil since the 2-13 PR re oil in the circulating mud

once zn has earnings can of course do eps and PE- price earnings ratio -as you already know

but net present value of the amount of oil presumed to be recovered each year -discounted to the current value of those future earnings-would seem to be 1 of the best methods- IF those future figures were known-which of course they are not- since we have no figures from testing yet

and of course if infrastructure-future build out- cost is known-but it is not known yet-so too many variables for me to compute

fundamental investors buy based on bv- w best stocks having pps less than 3 times of the bv

does anybody know what average pps to bv is in the oil industry?

https://www.investopedia.com/terms/n/npv.asp