Zion Oil & Gas Inc (ZNOG)

[KyOil]

micro, when testing began they announced 3 primary and 2 secondary zones. In the most recent PR, they said all three primary zones are in the Triassic. Zone 1 was at the bottom at 16,415 - 16,500 (TD was 16,600). The combined zones 2 and 3 were higher in the Triassic at 16,080 - 16,210. And they said the Triassic started at 15,175.

The 2 secondary zones to be tested are likely in the Jurassic since the last PR said

Drilling analysis and petrophysical analysis suggest that there may be more potential oil-bearing zones above the Triassic boundary,

The Cretaceous is also above the Triassic, so one of the secondary zones may be there.

The Jurassic was where high pressure was encountered in Nov 2017 that required the 42 day delay to upgrade well control. It also had "fractured carbonate" reservoir in contrast to the Triassic which had no natural fractures. So, with high pressure and natural fractures, the Jurassic may be a superior reservoir relative to the Triassic. The Jurassic had heavy gas components (indications of oil) and the logs showed potential oil bearing zones. So, the Jurassic may be where the action is. The Jurassic is oil prolific in Saudi Arabia.

If either fracking or mechanical lift is required for the Triassic it will not be commercial due to additional capital needed. If 100 bopd free-flowed to the surface from the Triassic it could add to the 5,000 bopd needed.