KyOil First Post Nov 3, 2017
I started reading this board when MJ#1 was spudded. Made my first post when drilling stopped in early Nov after I discerned it was due to high pressure. Further, the 10x increase in heavy gas shows was encouraging.
You can read that first post by clicking the link.
At that point in time, I knew it wasn't Outcome 1, but at least 2 and maybe 4.
1. Not commercial
2. Commercial gas, but not oil
3. Commercial oil, but not gas
4. Commercial oil and gas
Then the Energy Ministry gave ZN a two year extension, which validated what ZN was saying about the delay.
Then in Feb 2018 free flowing oil was observed, which put Outcome 4 in the driver's seat.
Then in June 2018, Dustin stated high pressure was what made drilling difficult, which confirmed my Nov 2017 assessment.
As stated in a recent post, there is a very high probability the Outcome is 2, 3, or 4. Delays due to testing or geopolitical considerations by Israel's Energy Ministry does not change the outcome. It only affects the timing of when the outcome is announced.
That being said, I understand that timing is important to individuals. Timing is certainly important to me as I would have been much better off with an announcement already. It's also understandable to trim your position in ZN as your personal circumstances change, or your assessment of the risk changes. I admire the investors who never sold, but I've had to sell at times over the years.
Everyone has to perform their own due diligence and invest at a level that they are comfortable with. For some the investment is determined strictly by data. For others the investment is lead by faith. For all the lack of an announcement is discouraging to some degree.
As for me, I invested primarily in faith. But the MJ#1 data so far confirms the faith. Therefore, it is a very reasonable faith and I'm staying all in.
