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Re: tisdal post# 41586

Sunday, 08/15/2021 3:24:52 AM

Sunday, August 15, 2021 3:24:52 AM

Post# of 54125
have to water down my answer for this venue
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?

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