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Sunday, August 15, 2021 3:24:52 AM
unfortunately its been difficult to find much logic in the market
ZNOG has more experience than ever before; its own rig costing ca 4.6m for the first time, their own trained crew for the 1st time; a 3d survey -the largest terrestrial 3d in israel- and yet the lowest pps in its history ever since the SEC inquiry was reported june of 2018
the following timeline chart does not always retain the captured timeline once posted for some unknown reason but shows pps of $7 back in 2008 etc
https://www.otcmarkets.com/stock/ZNOG/overview
ca june 2 years ago (or just one year ago?) they rapidly accelerated things- they've been under the gun with this being the last reported available extension on this license
perhaps thats a method to ensure the chaff does not share in the eventual prosperity of a commercial discovery
used to be when we were an agricultural nation-before ww2-ppl were used to working sunup to sundown- the adversary worked hard to execute the unprecedented changes we've seen since ww2- now the goal is instant gratification-as in the lottery
they didnt say anything about a 30 year lease in the 10q -they may have before- depending on a commercial discovery - but a 30 to 50 yr lease-renewable for another 50 years- is typical in free market nations-otherwise oil co's wouldnt make the major investments necessary to develop
Dec 2 is only ca 3.5 months away so we should find out where this journey is going before too long- directors all? loaded up on options before reaching the 3d areas of interest-we dont know what they they see on the 3d-logically its good bc of all the activity since then PLUS theres always the incalculable value of directors teleology- as in how can we fail after all this herculean effort since 2000 and even before
they are drilling at a rapid pace- should soon drill into the areas of interest resulting from the 3d survey
nobody can say for sure bc sec policy is to remains silent and not give a clean bill of health
when sec quietly drops an investigation(the mo) -leaving ppl hanging/waiting-but if normal timelines prevail the sec inquiry should be over- there is no criminal intent-something difficult for even highly secular prosecutors to conjure -so imo the SEC investigation has had an outsized unfair impact on pps ever since
the determined efforts to destroy ZNOG just before a breakthrough is a typical mo also
the low pps resulting mostly from the sec investigation is what probably forced ZNOG to raise the A/S
and due to the low pps there's a feeling of urgency to make a discovery this time- after mj1 was declared not commercial-despite mj1 being the wildcat well
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
Recent ZNOG News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 07:38:34 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/26/2024 07:37:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 04:44:22 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/29/2024 04:43:39 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/25/2024 07:42:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 02:54:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/10/2024 09:31:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 07:45:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:33:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:26:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:19:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 07:08:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 06:58:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 04:50:59 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 12/20/2023 04:49:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 07:38:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 05:43:07 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 02:38:05 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 11/06/2023 02:35:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2023 03:35:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2023 03:09:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/29/2023 06:24:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/28/2023 09:02:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/27/2023 05:40:34 PM
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