Zion Oil & Gas Inc (ZNOG): MJ#1 will never produce any oil, ever. D...

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Zion Oil & Gas Inc (ZNOG)

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Re: tisdal post# 26690

Friday, 08/17/2018 1:56:57 AM

Friday, August 17, 2018 1:56:57 AM

MJ#1 will never produce any oil, ever. Do you know what non-commercial even means?

It means the $30m in drilling costs capitalised on the balance sheet will be impaired and the company will likely run out of money. Especially since they are continuing with testing...at $2.2m/month. Cash only left until end of September. That's soon boys and girls. Bankruptcy looms, unless of course you want to pony up some more cash to keep the show going. Do it. I think it's funny.

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