Zion Oil & Gas Inc (ZNOG)

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agree- in the oil industry geological analysis can take much longer than the actual stage of drilling if you are in an unusual area like onshore Israel where ZNOG is pioneering many things re onshore Israeli drilling


not exactly one of the huge texas oil fields where info from possibly thousands of other wells is available

its well known 3d analysis etc takes a long time - computers didnt use to even have the capability to do such analysis over a decent area

and if somebody reports an intermediate event such as the feb 2018 reporting of oil in the drilling mud in the pilot well- if the final report months later doesnt indicate a commercial well, then ZNOG is attacked from many directions

so they are damned if they do and damned if they dont report intermediate events - they've obviously been through that cycle the last 3 years which is obviously one of the reasons they are more careful now