Zion Oil & Gas Inc (ZNOG)

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the only mention of the 2nd deep zone is below-

doesnt sound like they have finished flow testing for even the deepest zone yet to determine a natural flow, let alone zone 2, nor have they begun flow testing of the 3 upper zones(which we already knew)

i wondered a long time ago how much work they could get done when it takes 4 days to trip in and out of the bottom zones,as dustin mentioned at the june 5 stockholder meeting(a problem they will have to solve?)

so yes right now they dont have enough info to know whether its commercial yet-they need to finish flow testing of 2 bottom zones and flow test the 3 upper jurassic zones-so its dishonest for anybody to say its not commercial -they dont have enough info to know that yet



"Have we swabbed enough completion fluid and formation fluid from zones 16,415-16,500 ft and 16,080 – 16,215 ft to effectively allow for the formation to naturally flow, and will the encouragement of that natural flow, if established, allow for commercial amounts of oil to flow?
Drilling analysis and petrophysical analysis suggest that there may be more potential oil-bearing zones above the Triassic boundary, which was internally picked at approximately 15,175 ft. Zion chose to focus on the Triassic because of the regional success in Givot Olam’s Meged Field. Subject to raising adequate financial resources, of which no assurance can be provided, we plan to continue with testing of the multiple zones of interest higher in the well."