Zion Oil & Gas Inc (ZNOG)

[tisdal]

Will be difficult for SEC to file charges

Zion is a NASDAQ Big Board, SEC Compliant, fully audited company. They have been for over 10 years. If they missed something all these years, there will be a lot of egg on their face and that's assuming they have not been doing their jobs in Fort Worth.

Zion is the same company that rang the bell at the NASDAQ to start trading the day they went public.

Zion is the same company that was the subject of a 20 minute segment on 60 minutes.

Gonna be hard for the SEC to say they were unaware of Zion .

That is not going to be the case here. This whole SEC thing was manufactured by the complaints filed by the short position, and the fact that Zion is drilling for oil in the middle east.

It appears that Zion has found what they were looking for, so the SEC is just being sure to dot the i's and cross the t's prior to Zion's announcement. IMHO, the SEC has requested documentation that will show them that Zion is looking at research numbers that show the presence of oil/hydrocarbons. They are making sure that what Zion has stated in their filed SEC Form 8's are backed up by their drilling logs.

Once the SEC is able to verify that Zion has the drilling logs to back up their claims, the SEC will announce that they are good and happy with the documentation and support of the Zion management.

This is what I believe to be true.