Summary of Wed Phone call to Investor Relations:
I called Mr Andrew Summey on Wed August 8th and spoke for 15 minutes. He was as forthright as he could be. We discussed why they moved. Their lease was up and the new building is cheaper and the owners threw in the signage on the top of the building FOR FREE. Space had previously been a legal office and was unoccupied for a time. They are on the 10th floor.
RE why so many CFOs thru the yrs, the main reason for turnover is that other businesses would offer better pay/packages and lure away the CFOs.
Zion has 10 full time employees at their Dallas office.
When I asked him about future plans, he related how Noble Energy ran into some issues with Israeli bureaucracy and royalty payments 2 yrs ago and for a time shut down operations in protest. So in a sense, they paved the way for Zion to have better success in working with Israel, in that Noble could afford to fight back with lawyers and reworked some things for the benefit of all future oil companies in Israel that Zion simply couldn't afford to do or fight.
RE geopolitics, he was unaware of that being a factor in Zion's progress or announcement. But he did say that the Israeli bureaucracy had slowed some things, and we now know the well testing requirements are pretty involved. He related the Israelis have a saying that their country does well in spite of the government.
RE the hiring of Mr Guinn, he had been on their board in the past, and had called ZIon about working for them, if I understood correctly. They valued his international experience in that part of the world, and he had many connections of who to call or use.
I asked more about John Brown and Andrew revealed to me how JB invested $20 million of his own money in Zion. I was not aware of that. And I don't know any affinity scams where they do that.
Andrew also said that I could post about the call.
I think we'll have news by 7pm Wednesday. (Andrew said nothing about that, just my opinion)
