Zion Oil & Gas Inc (ZNOG)

[microcaps1]

ZN announced their intention to proceed "with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
"ZN will plan the survey design or layout, identify and obtain the necessary equipment which will likely have to be imported, receive the necessary permits, negotiate potential surface damages"

Only ZN knows how much internal work they will do on the plan before contracting with a 3D company,but they will likely plan the survey design and layout first-and as a practical matter wait for the results of the raise so they know the funds initially available.
Does anyone know whether Viking did 3d while Mr Guinn was with Viking?

There are several new approaches to conduct 3d,which we have posted,and ZN may discuss those new approaches internally and possibly with affected landowners.

By the time the 1st 'the sky is falling' -now re why hasnt ZN revealed their 3d subcontractor,it was only ca 2 weeks after the raise period ended. Whats the rush!! Do it right the 1st time.

If by chance ZN contracted before the new year we will hear about it soon enough in the 10k in possibly a month,as ZN filed their 10k last year March 12. Its not due til ca Mar 31.

There are reasons to delay in announcing a subcontractor. Many companies are aware- because they have experienced this -that once they announce partners or contracts etc ,those who dont want the company to succeed harass the contracted party-and in some cases to the point where the contracted party withdraws. I'm not giving ZN's opposition ideas here because zn's opposition is the best the
adversary has.
the subcontractor will be announced when zn,after considering all the angles, considers it is the right time- subject of course to reporting requirements.

Part of ZN's Nov 29 announcement re 3d:

" As a consequence of seismic remapping, where does the MJ#1 well lie relative to the potential traps at the Jurassic and Triassic levels and was the well location too low on the structures and deeper than the potential hydrocarbons within those traps?

As a result of these unanswered questions and with the information gained drilling the MJ#1 well, Zion now believes it is prudent and consistent with good industry practice to try and answer some of these questions with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well.

If undertaken, this will not be a short-term exploratory project with immediate results, and it is one for which Zion will need to raise additional funding, the success of which is not assured. A realistic timeframe in which Zion can reasonably expect to complete this project would be six to twelve months (following a successful raise) to plan the survey design or layout, identify and obtain the necessary equipment which will likely have to be imported, receive the necessary permits, negotiate potential surface damages, and acquire the data. An interpretation effort would follow the seismic acquisition. We intend to proceed soon with a new unit program to try and raise the needed funds for this and will provide details concerning unit program limits, parameters, use of proceeds, and other pertinent information."

from the following:
https://www.otcmarkets.com/stock/ZN/news/story?e&id=1234574