Zion Oil & Gas Inc (ZNOG)

[KyOil]

Shouldbe, onshore gas would be much lower cost to produce than offshore so would be very profitable if in commercial qty. Jordan is a large buyer of offshore Israeli gas. MJ#1 is very close to Jordan.

So, yes, it could be a winner with gas. All ZN needs is oil or gas in sufficient qty to pay their exploration activities in the license area. Wouldn't take much to do that. Then the pressure is off and the zero revenue, zero profit, all dry holes, etc etc arguments go away. ZN then becomes like most other exploration companies exploring for hydros and not being under a microscope.

I've said since early this year that ZN's biggest risk is not having funds to finish testing. That risk just got smaller with the $5M capital raise. If they can finish testing good things can happen.