Zion Oil & Gas Inc (ZNOG)

[jdwintx]

Absolutely...The discovery of the oil is rather recent and has not been fully explored as of yet. In fact extraction methods by large and small companies alike is in early stages. This due primarily to regulation in regard to Shale (ie: fracking required). Israel as you may or may not know has ongoing issues with neighboring Nations, the UN itself and of course the Palestinians. You also must remember Israel has held 3 National Elections over the past several Months without any Party in their Parliamentary Form of Government achieving a clear Majority. The Government must act in coordination with Business and International Entities and has been somewhat constrained due to those political issues. The last I saw, there may be an agreement between the current Party in Leadership and the Blue & White in forming a Consensus Government including a leadership Change (or PM Swap) in 18 months. If that occurs we may finally see some movement on all issues including extended Fracking in the coming months. The newly discovered reserve (some describe as the World's Largest) is also located in off shore areas and I have not yet fully researched all the potential drilling issues or problems. But I do know from limited reading once again territorial rights (although within Israeli Waters) is at issue. I will be researching this further since I only recently purchased ZN and once complete I will be able to answer with more specific information for every investor holding an interest in the information. Hope that helps, and GLTY