Zion Oil & Gas Inc (ZNOG)

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Operating costs and expenses. Operating costs and expenses for the three months ended June 30, 2018 were $2,016,000-- last 10q-this apparently includes admin and exploratory testing for both of those expenses add up to the stated -so total op expenses last reported qtr were= 672k/month

''We expect to incur additional significant expenditures to further our exploration and development programs. We estimate that, when we are not actively drilling a well, our expenditures are approximately $600,000 per month excluding exploratory operational activities''. p.29 last 10 q

1.24 million net loss for qtr ended june 30-last 10q- 423k/month

elsewhere something was said about 660k costs/month during testing(1.98 million/qtr

i think they were surprised the sourced packers only lasted 5 days in the high temps below 16k feet

if they have sinced sourced packers better able to survive these high temps they could save considerably in testing costs

some savings could be expected as they learn from the testing protocol of this well
plus victors salary is no more etc

so perhaps 550-600k/month-at 575k/month would be 9.2 months -based on 5.3 million just raised