Zion Oil & Gas Inc (ZNOG)

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last 10q: "At September 30, 2018, we had approximately $5,318,000 in cash and cash equivalents" . Their Sept 27 8k reported a raise of 5.3M

their current assets were not limited to cash= as some said:Total current assets 7,269,000 as of last 10q

also p21 Note 8 - Governmental Receivables
At September 30, 2018, governmental receivables included approximately $701,000 due from The State of Israel for VAT refunds and an additional $18,000 from the State of Israel for BLO refunds (excise tax on fuel).

last 10q"Note 9 - Subsequent Events
(i) Approximately $326,000 was raised through the Company’s DSPP program from October 1 through 30, 2018."

so it can be assumed ca 1/3 million is being raised monthly even without a specific fundraising push

"For the nine months ended September 30, 2018, approximately $12,608,000 was raised under the DSPP program. Of this amount, approximately $1,506,000 was received through the exercise of warrants' p.26

"Cash provided by financing activities during the nine months ended September 30, 2018 was $15,659,000" p 31 10q

On AN ANNUALIZED BASIS THIS IS A FUNDRAISE OF OVER 20 MILLION/YEAR-i've reported the exact number before

therefore it would be insane to assume they would not be able to raise enough to complete the 3d survey,which costs far less than paid out last year to drill MJ1
ZN expressed their confidence in raising enough by setting a jan23 end date for the raise and sticking to it

some keep saying zn will just fundraise again and why shouldnt they if necessary- thats what a public corp does until net revenue- that is as basic as it gets!!! -why should that be a surprise to anybody???

thus it is no surprise when ir says they have enough to proceed, with the details noted in the 10k if nothing else,as zn has previously noted dssp proceeds in the subsequent events section

IT WOULD BE NEWS IF THEY DID NOT HAVE ENOUGH TO PROCEED-its not news that they have enough to proceed, given their above track record -some of which is noted above



Since their fall testing did not last as long as they had presumed(we were surprised to get news of completion of testing long before the indicated window of testing was over),and since 600k/month without drilling etc would last almost 9 months,logic indicates,absent large unusual expenses we dont know about,that some of the that 5.318M remains.

Also, they may not have factored(bc the situation was so new) into their 600k estimate that Dustin was now fulfilling duties for COO,PRES and CEO,as Victors CEO salary no longer exists.
During non testing times they could probably save money in other areas also.

Kyoil has publicly said on this board he continues to buy monthly and I presume that includes many others who believe in the cause and the eventual expected result.

Very few expected the large raise of 5.3M from Aug 21 to Sept 26 during the then unfavorable time of year for fundraising.

As I've said before ZN's rather unique mission,which is viewed favorably by a potentially very large worldwide donor base,gives ZN a leg up on fundraising,as can be inferred from its 18 year incorporated history of such fundraising.

So, whereas we dont know how much was raised in this last period yet,the usual prognostications of doom have previously always proven false.
If the amount raised fell far short of objectives they could have extended the time for such a raise. They are more familiar w their history/ability to raise than anybody and they confidently throughout the period stuck to an end date of jan 23 for the fundraise.