Zion Oil & Gas Inc (ZNOG)

[Jackleg1]

Just an amateur's perspective...

Over the past 10 year as an investor, I've NOT witnessed the level of activity and preparation that we are seeing today. What are they preparing for? As I see this activity, I hear the words "MJ #1 has successfully demonstrated the existence of an active petroleum system"
https://www.zionoil.com/updates/zion-oil-gas-confirms-active-petroleum-system-in-megiddo-jezreel-1-well-in-israel/
Additionally, the preparation for further exploration of the "petroleum system" seems to justify the 8 months of testing they have been granted by the Ministry, from an anti-petroleum government, I might add. Why did the Israeli Govt provide another 8 months to do anything with this license?

Compare the activity and preparation of MJ1 to MJ02 for just a minute.

MJ02 has felt like nothing short of a production well, from the beginning, and continues today. Dilution has destroyed the share price, but I cannot help but notice that the dilution is what has funded this well. I'll take the dilution if the investment if it means we have a production well.

Buying and holding more shares this time around has made me pucker at times, (prudence says I should hold and sit back and wait for results) but as so many have said, I would hate to be chasing this stock on the way up, and truly it's now or never.

I firmly believe that the people on the ground believe, they have a commercially viable well, and not just a small discovery, but a big discovery, which justifies all of the activity, preparation and dilution.

Let me take this opportunity to thank all of the ZNOG supporters for their longsuffering, and patience, and contribution to this board. I am personally grateful to be on this journey with each of you.

Blessings to All,

Jackleg