Zion Oil & Gas Inc (ZNOG)

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sorry -dont see any mention of sweet oil in the feb 13 and feb 26,2018 pr's,but it was light oil- just not in commercial quantities of course-though the initial 90-110 barrels /day of light oil, water and completion fluid was initially encouraging-and to this day i dont know why they didnt follow up on that-unless israel nixed their chosen method to do so


not kerogen-theres never been a company mention of kerogen to my knowledge and certainly not supported by the dd we've seen on this board-and zn's concession is not in any known oil shale zone as per the oil shale map posted many times

sweet oil has been mentioned on this board and i thought i saw a mention of sweet oil -maybe by former ceo victor -either in a pr or a filing-or could have been in ir comment to maybe tisdal- only more dd would answer that- but it was light oil -not kerogen or brockwurst or toothpaste

so its not correct when some say 'no oil' - 'no commerciality yet' would be a more accurate statement-and that of course is why they are doing the 3d- you know these things -but i'm saying them for the benefit of everybody-e.g to see if a fault line displaced an oil bearing zone etc bc they had all the features of a system-cap rock, high pressure under cap rock etc-high temperature etc-the oil guys here can better describe that-since these things are sometimes misconstrued by some


Zion Oil & Gas Successfully Drills, Logs, and Cases Deep Israel Well
Petrophysical Analysis Supports Possibility of Multiple Hydrocarbon Bearing Zones

DALLAS and CAESAREA, Israel, February 26, 2018 /PRNewswire/ — Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that it has successfully drilled its Megiddo-Jezreel #1 well to a total depth of 5,060 meters (~16,600 feet). Zion also successfully obtained three open-hole wireline log suites (including a formation image log). The well has also been cased and cemented in preparation for upcoming testing of multiple zones of interest, including zone(s) where free-flowing hydrocarbons were collected after circulating mud in the borehole.

Zion’s President and Chief Operations Officer, Dustin Guinn, stated, “We are extremely pleased with the completion of drilling of the MJ #1 well. While it may have taken longer than we would have liked, we had more than 119,000 man-hours with zero recordable incidents while drilling more than three miles into the earth. On a wildcat exploration well, this is an achievement in which all involved should take pride. We also recognize that the goal of this well was to find oil, and we can say with absolute confidence that we were successful in attaining that goal. The next crucial step is being able to effectively test and establish the well’s commerciality. I am excited about this phase as it will be a crucial and historic moment for Zion and its shareholders.”

Zion’s CEO, Victor G. Carrillo, added, “The logs appear to confirm what we know from seeing oil mixed in with the mud – that we encountered live oil in the deep portion of the well. We still await a full interpretation of the image log obtained in our last logging run to ascertain fracture location and intensity. Our interpretation, supported by third party petrophysical analysis, shows multiple zones exhibiting key properties that we will test for production capacity. We cannot comment on the well’s capacity for commercial production until after we conduct and analyze our well testing protocol, which we anticipate to take place in April. We will endeavor to provide further updates as material information becomes available.”