Zion Oil & Gas Inc (ZNOG)

[JRyan]

I think you are correct.


There was 3.28 million from the offering, I think that was not included but I could be wrong. The DSP is also the lifeblood I agree.

So what does that tell us? They are not asking for coin, so I think one of three things:

(1) the DSP is providing funds from new purchasers?
(2) Bridge loan or something (would have to have some collateral or something and that could mean maybe Israel or someone in the know of the status of the well)
(3) They have made known to the parties at hand, payment might move to NET60 from the previous NET30(?) and again the parties owed know. The contracted companies for one thought maybe?


I just have no clue at this point. Money has to be tight or they have more than we know which is why they did not extend the offering. I know not the legalities of this.


Very good question KyOil.