Zion Oil & Gas Inc (ZNOG)

[TMHWK]

If I am not mistaken, the timeline is mid to end of July for final depth and testing is 4-6 weeks thereafter per annual meeting.

However, it is possible the results get delayed beyond the 4-6 weeks. The length of time for the announcement of MJ01 being not commericaly viable is concerning. Regardless of that, they did say 4-6 weeks for testing, so that is good that it is a non-evasive answer.


The timeline for MJ01:

Approx:
8 Months 8 Days From Spudding to Final Depth
1 year 5 months 18 Days From Spudding to No Go Announcement
9 Months 11 Days From Final Depth to No Go
9 Months 7 Days From Oil Encounter to No Go
8 Months 21 Days From Oil Testing to No Go

6/ 4/17 Spudding
2/ 9/18 Final Depth 16,766 ft
2/13/18 Oil Encounter
2/26/18 Oil Testing
11/20/18 Not Commercial Viable