Zion Oil & Gas Inc (ZNOG)

[docvienna]

It’s been a real roller coaster this week for Zion. Exciting Monday and Tuesday as the stock ran up with very high volume on Tuesday. Then in typical Zion fashion it fell back Wednesday. Followed by a rather disappointing 10 K which caused fear of how much it might drop Thursday. But it actually held up pretty well considering the 10 K. And then finally an update which between the lines seems very exciting. There was some consternation Wednesday reference the 10 K not saying anything about a lease extension. But it made sense that if they were optimistic about the well and had good oil shows, that they would really be negotiating a new lease or a production lease, plus there’s still three weeks till December 2. Hopefully tomorrow will be a big up day, followed by a steady upward climb.