Zion Oil & Gas Inc (ZNOG)

[Cowboyeeee]

For those interested in what MJ#01 found during drilling a few years back. Albeit, they found oil but not a commercial find. Now, think about this: After doing 3D analysis research after MJ#01, Zion is now drilling in a different direction from the same pad with their own bigger drill.

Zion's Active Petroleum System Defined.

Zion has stated in their SEC Filing that they have an Active Petroleum System
Quote:

The petroleum system is a unifying concept that encompasses all of the disparate elements and processes of petroleum geology, including: the essential elements (source, reservoir, seal, and overburden rock) and processes (trap formation, generation-migration-accumulation) and all genetically related petroleum that originated from one pod of active source rock and occurs in shows, seeps, or accumulations; also called hydrocarbon system.

Practical application of petroleum systems can be used in exploration, resource evaluation, and research.

What is a petroleum system?

A petroleum system encompasses a pod of active source rock and all genetically related oil and gas accumulations. It includes all the geologic elements and processes that are essential if an oil and gas accumulation is to exist.

Petroleum describes a compound that includes high concentrations of any of the following substances:

- Thermal and biological hydrocarbon gas found in conventional reservoirs as well as in gas hydrates, tight reservoirs, fractured shale, and coal
- Condensates
- Crude oils
- Natural bitumen in reservoirs, generally in siliciclastic and carbonate rocks

System describes the interdependent elements and processes that form the functional unit that creates hydrocarbon accumulations.