Zion Oil & Gas Inc (ZNOG): Distance to an existing gas pipeline is...

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Zion Oil & Gas Inc (ZNOG)

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Bruce_Mcdonalds

Re: DocBlkAdr post# 40601

Thursday, 03/25/2021 3:49:56 AM

Thursday, March 25, 2021 3:49:56 AM

Distance to an existing gas pipeline is more important. A gas pipeline connection to your well will run about $7 million per mile in Israel. That means you need to be pretty darn close to a gas pipeline before a $20 to $25 million dollar gas well becomes economical.

In spite of the name "AND GAS", ZNOG needs to hit oil, which can be transported by truck, not gas.

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