Zion Oil & Gas Inc (ZNOG)

[DragonBear]

MJ#1 sure was not a blowout-just dry

like a spindle top, but something is amiss somewhere. How can they be testing this long if it does not naturally flow?

As long as the so called "testing" helped sell the units/warrants, that was the only criteria.

What are they doing to entice it to flow?

They aren't big on specifics are they?

What is it that they know and are not telling anyone yet?

That their whole lease area is a pile of rocks.

I would think with Zion's previous record and their great relationship with the Israeli petroleum commission they might be doing just that.

Their previous record is drilling dry holes, while paying the IPC the appropriate fees.

I mean they could not announce it at this point as the Environmentalists will go crazy as this is not the Golan, the political situation is far different.

The only thing to go crazy over is a dry well being drilled.

BTW - per the rest of your post focusing on "Oil Shale" it should be noted "Oil Shale" is not the same as "Shale Oil". Oil Shale produces primarily Kerogen. Which has to be cooked or heated to first extract it from the rock, and then convert it into light oil. Extremely expensive, due to energy/heat input, and requires an oil price of $100+ to make it economical. In the US Oil Shale is located primarily in the Rockies. Not part or the same as the Bakken, Oklahoma stack, or Texas Permian, Eagleford formations which yield "Shale Oil". There's a few large oil companies trying to figure out how to extract the Kerogen, and then cook it more economically. But going is slow, especially with oil prices that don't support it.

Regardless ZN has been presenting their dry MJ1 as a conventional well. Trying to pretend there is a huge reservoir of oil just a few feet away on the other side of the well bore walls Nothing to do with Shale Oil, or Oil Shale.