Zion Oil & Gas Inc (ZNOG)

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it would appear ZN is counting on geologic activity to bring pps and market value into compliance

In the vast reaches of the largest oil producing nation-the USA- specialized survey companies commonly execute surveys of 50-100 sq miles, sometimes in time periods of 45-60 days,so its possible ZN could do the same with their ca 26 sq mile survey(72 sq km)- dont remember but have posted ZN's timeline chart from their filings- the time ZN estimates for the survey itself.

The survey could be done with fewer trucks but I am guessing that the speedy 3d survey preparation activity we've learned of since the fundraising period ended June 26 is part of a plan to show value before ca Jan 9 and thus bring ZN into pps compliance

Their filings estimate 3 months for a full interpretation of the 3d survey but I'm guessing they and perhaps we will have an idea of the results before that full 3 month period is over.

ZN pps fall is similar to the pps fall of many oil and gas companies in the last year due to

1) macro economic factors(e.g fear of global recession with economies of some countries contracting and trade wars

2)macro political factors-including trade wars and russias agreement with iran to build a russian base on irans coast which could back up iran in the strait of hormuz-w king putin seeming to want to fight until what he has sowed comes back to bite him
-this should cause oil prices to rise - russia backing up irans threat to close the strait of hormuz- but instead has done the opposite- because of uncertainty
3)many of which create uncertainty

analysts have pointed out that many macrofactors which may otherwise benefit oil co's has instead done just the opposite-causing investors to flee the uncertainty instead of invest in it

so even though ZN and other oil companies are making progress,pps of many oil co's has fallen dramatically over the least year- I gave the example of an oil co with a pps of ca 5.50 a year ago -recommended by an oil specialist analyst-which has fallen to under 30c pps(despite improving its resources and balance sheet) almost exactly ZN's pps

however, when pps falls, some groups always blame the co's instead recognizing the macro factors which presently disfavor oil co's

those macro factors on balance will reverse someday and then as investors look back they will see such a time was a good time to invest
remember(I dont say this to you cowboyeee bc its obvious you remember) who is in control and the laws of sowing and reaping

one other factor which may affect ZN pps-big companies,other than hedge funds,often dont like to invest in a stock with such low pps-but when ZN finds oil- some of those co's will find ZN

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one pic implies at least 5 of these vibrator trucks were loaded onto the ship in koper,slovenia.