Zion Oil & Gas Inc (ZNOG)

[Seafarer]

I actually appreciate your pessimistic outlook as it helps to balance the over optimistic outlooks as well. But I would say the truth lies somewhere in between.

I actually would agree with the statement that this company is not very good at what they do. But to say they arent a real company denies basic truths.

Yes they havent found viable oil in 20 years, but they have drilled oil on a couple of occassions.

They are drilling in Israel and Israel is not an easy country to gain a drilling license in. Which means they have had to go through many steps to prove their worth and viability as a company.

They have bought a rig for the first time in their history.

They now have the results of the largest 3D seismic survey in Israel's history.

I agree they arent Exxon, Chevron, heck or even Delek, but they are an actual company exploring for oil. They may or may not ever find oil. They may not be the Yankees, they may be the Seattle Mariners who have never, and may never, win the world series, but they have fielded an actual team.