Zion Oil & Gas Inc (ZNOG)

[microcaps1]

-this is the first i've heard of this since I've been too busy to keep up w this board on a daily basis-

this is for NEW licenses- as in new territories

they cant stop licenses for CURRENT licensees- that would violate basic principals of law

also-the ministry-under basic principals of law- can choose to extend licenses for CURRENT licensees-e.g under principals of substantial completion and principals of reliance etc -force majeur such as in delays such as covid that are outside of a companies control-which also includes delays by the govt due to covid or other reasons

also - the announcement is clearly a highly partisan anouncement not based on science- similar to the small usa new green deal party

there is information in the public domain that the israel party making the announcement will not remain in control for very long- given the recent political uncertainties there such information may have extra credence