Zion Oil & Gas Inc (ZNOG)

[Bruce_Mcdonalds]

The news we are waiting for is the 3D seismic test results, which are pending. The run up in price lately can be due to speculation on the test results being good, or speculation that results have been leaked and insiders are buying, or speculation thinking the stock should have a market cap more like $50+ million rather than $15 million.
Most still in the stock think the test results released to the public be good, no matter what. Those who sold probably figure more of the same (good sounding results that never seem to go anywhere) or are worried about a possible reverse split.
So, if you bought in, what reason did you have for buying?
I'm waiting for a 50 million dollar market cap, which I think we will see again, if management can get over their colossal stupidity. But that's a minority viewpoint.