re 3d delay: better do your math buddy-its all clear in black and white
originally the survey was to commence Aug 1,2019
now the survey is set to commence April 1, 2020
that is an eight month delay-and where did i ever say the survey began last nov- thats really reaching
btw,for those who have never been in another stock before or never researched other stocks - delays are the name of the game-delays have been experienced by probably EVERY stock i've ever researched
blue chips can avoid some delays via bribes and the usual ways of doing business but they also experience delays often
i have absolutely no experience w those surveys so i dont know the actual on the ground practicalities;e.g., does the survey have to proceed adjacent property by adjacent property? etc
if the answer is no, i would scramble to negotiate w landowners and get the truck(s)rolling on each property as soon as the negotiations for each property are done
has zn has acquired the necessary permits from the ILA?
as i've said, negotiations are never easy, bc everybody has visions of sugar plumbs dancing in their head
israel has the right, similar to or the same as the right of eminent domain, so once zn gets permits from the israel land authority(ILA) the surface owners have to cooperate- thats a given-
if owners are obstinate an appraiser etc can be called on to confer the proper value for any damages after the fact
from p.32 and 33 of the 5-14-19 10k
Number Activity description Execution by:
1 Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform 30 April 2019
2 Commence 3D seismic survey in an area of approximately 50 square kilometers 1 August 2019
3 Transfer of field material configuration and processed material to the Ministry pursuant to Ministry guidelines 15 December 2019
4 Submit interpretation report 20 February 2020
On February 24, 2019 Zion submitted a request to the Commissioner to extend the Megiddo-Jezreel License No. 401 up to December 2, 2020.
On February 28, 2019 the Commissioner approved the extension of the Megiddo-Jezreel License No. 401 up to December 2, 2020.
On April 30, 2019 Zion submitted its Application for Extension of Continued Work Program Due Date on the Megiddo-Jezreel License No. 401 . The additional time is necessary because Zion intends to conduct a 3D survey in an area of approximately 60 square kilometers. This requires, amongst others, extensive permitting activities with relevant local landowners, the ILA, certain authorities and others throughout the seismic survey area and in all likelihood will not conclude prior to the beginning of the Jewish holidays in October and rainy season. This in turn would result in additional delay, as rain and mud are not conductive to the performance of a seismic survey which includes extensive use of vibrators.
32
Zion’s proposed new timelines and activity descriptions are shown below:
Number Activity description Execution by:
1 Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform 30 November, 2019
2 Commence 3D seismic survey in an area of approximately 60 square kilometers 1 April, 2020
3 Transfer of field material configuration and processed material to the Ministry pursuant to Ministry guidelines 15 August 2020
4 Submit interpretation report 15 November, 2020
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
