Zion Oil & Gas Inc (ZNOG)

[microcaps1]

very true

and if the sec actually goes after shorters to protect longs for once it would be a good sign the swamp era is over

somebody said there was not one word about oil in todays update

which obviously is not true,as seen below


Zion Oil & Gas Launches a New Unit Program to Support Additional Testing Required to Evaluate Reservoir Potential


Zion Oil & Gas Administrative Update



DALLAS and CAESAREA, Israel, August 21, 2018 – Zion Oil & Gas, Inc. (NASDAQ: ZN) gives further guidance of operational and administrative plans as it announces a new Unit Program under its ongoing Direct Stock Purchase Plan (DSPP).

“Following up on the detailed operational update that was released on August 16th, we reiterate the fact that there is a lot of work left to be done to determine the commerciality of the Megiddo-Jezreel #1 (MJ #1) well,” says Dustin L. Guinn, Zion’s President and Chief Operations Officer.

Zion has only tested approximately 220 feet of a well that was drilled to a total depth of over 16,600 feet, or less than 1.5% of the total measured depth. Zion emphasizes that there are multiple zones that may be capable of yielding material amounts of hydrocarbons over the 16,000 feet of geologic column not yet tested. We believe it is imperative to further explore the well’s potential based upon independent 3rd party petrophysical analysis that suggests the existence of hydrocarbons within MJ #1.