Zion Oil & Gas Inc (ZNOG)

[DragonBear]

Married50, Zion has a "pulsing"-wrong

Oil flow does not pulse. It either flows, or does not flow under pressure.

"active" Petroleum system, that means there is a reservoir nearby, somewhere, FEEDING it!!

Wrong. ZN is attempting to equate seeping of oil into the well bore as fulfilling the criteria for "active Petroleum system". That the mythical reservoir is just on the other side of the rocks. Too bad they drilled precisely where the 2D showed several local faults - guaranteeing there was no trap area.

The 3D seismic testing will confirm and more drilling will commence

Interesting in the last few months there was a myriad of posts claiming 3D wasn't required. After all it's sooooo expensive 10X over 2D (instead of the reality of 2X). Now all of a sudden it's 3D will reveal what's on the other side of the rocks in the well. Real oil companies don't drill, and then perform 3D. They perform the 3D first to tell them where to drill.

So, let's ask the PR about "3D seismic testing". Surprise, it doesn't mention "3D". Instead we have under future plans:

If answers to the foregoing questions above are positive, and we raise the needed financial resources, we plan to acquire additional focused seismic data to help guide potential field development and continue with Zion's vision to help make Israel energy independent.

If answers to unspecified questions are answered, and if the latest warrant offering gets slurped up, then they will "acquire additional focused seismic data". Are they going to "acquire" some more ancient 2D as before? Answer: Unknown. We do know the DSPP offering is suppose to close 26-Sep. That takes care of the "financial resources" one way or another. No doubt, they will specify who is being hired to perform the seismics, and what type in an 8K by the end of Sep-right? BTW - seismics by definition are "focused". Yet another embellishment word in the PR, that didn't need to be included.

let's hope they can use the MJ1 for production when all is said and done.

It's a dry well, that ZN itself has said is uneconomical, not to mention over budget (assuming they had one). No amount of "hope" will ever change that.