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Wednesday, November 17, 2021 8:29:25 PM
From MJ#01, Zion found the estimated flow rate of 90 to 120 barrels using third party petrophysical analysis, if my memory serves me correctly. They had light oil (the best) in the hole plus gas plus high heat. Albeit, it wasn’t enough volume for a commercial well. In my opinion, they grazed the commercial reservoir. But what do I know? With my reasoning, if they had hit the reservoir with MJ#01, they would have plenty of cash. Zion then performed 3D analysis research to see better below the surface, purchased a huge rig to go deeper and further using the same pad to launch from. Now, they are going to test what they have found with MJ#02. Mmmmmmm. I’m taking my initiative and connecting the known facts using my common sense and wisdom learned from DD with all the facts. This is my stance and my decision. Each of us investors have to arrive at our own decision. The very best to all investors in ZNOG.
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