Zion Oil & Gas Inc (ZNOG)

[Bruce_Mcdonalds]

Why has 8 1/2 months gone by and no 3D seismic contractor named, yet? I said named, not started. I mean, really, it just takes a phone call. And they could at least announce they agreed to an MOU (memorandum of understanding) with another company. MOUs are are non-binding, they wouldn't get in trouble doing that, even if it's proved they had no desire to enter such an agreement or contract.

The only explanation I can come up with is either they themselves don't think it's going to happen, or the entire reason for it in the first place was to create a long term issue that they could fund-raise on.

At this point, I think we can all agree, the company sees no hurry in starting or completing 3D seismic.