Zion Oil & Gas Inc (ZNOG)

[Prophetic Watchman]

The only reason why this hasn't gone under a dollar...

is because they dangle the possibility that some oil was in the mud at a certain depth. if it wasn't for that, this would be a repeat of the last go around.

they say if we would have to say we believe its a commercial well, then the answer is no...

so now the stock lives a little longer in the hopes that they will find more with more testing.

testing that will take more money.

more warrants. who is willing to buy 5 dollar warrants after an announcement that isn't looking to bright?

yes, I will be chastised for leaning that zion hasn't found oil, and some may stick around and even invest more money. or that the army has been reduced to 300.

then what about the class action lawsuit? where is that headed?

oh the talk about ambulance chasers will continue, but...


PW