Zion Oil & Gas Inc (ZNOG)

[jdwintx]

Using your numbers I see your process, but disagree with the calculations as you present them. That however, is of little importance as each investor must use the best calculations available to them and their perception and understanding of each. In other words, it's OK if we disagree. What is important is the fact the oil and gas exists. Next of course comes the access to it, extraction, production and finally the transportation field to plant and plant to market delivery. The one area of agreement we hold is the fact the Blue & White Party is the least favorable for us. But that's an entirely different and a completely political discussion. Finally I LOVE research, and did it for many years working directly in that role with Bob Crandall, CEO of the Old AMR Corporation (old American Airlines). Unfortunately, I must admit my time researching ZN must be limited to perhaps 5% of my available time with Investments for at least a few weeks if not months. Two factors there, neither of which indicate disinterest in ZN. Instead due to both my minimal position in ZN and the low value involved. Simply, more time and attention will be necessary with other higher value stocks and positions requiring time and focus in what I'm sure you will agree is a rather difficult period. All that said, when things return to a semi-norm, I truly look forward to some lively debate. Actually love doing it and when done with Mutual Respect, a willingness to listen, etc... It can actually be helpful to everyone!! GLTY