Zion Oil & Gas Inc (ZNOG)

[WiseYoda]

Its most certainly possible as people spill the beans all the time or its because the company hasn’t put out anything solid out and the market is tired of waiting. Ive told a few investors about Zion and why they may have a commercial discovery on their hands. Israel wouldn’t have approved the license if there wasn’t a discovery so the question isn’t if there’s oil, but if its a commercial discovery or not. I told them theres a 50/50 chance as no one can say for certain if they have a commercial discovery or not. We can most certainly speculate though. Ill be honest I stopped going long with Zion and was only swing trading her, but after the license got renewed I stayed put. I should’ve sold when she spiked to .30 after the news broke, but I felt confident enough w a renewed license that the price would hold above .20. If anything that shows the markets position towards Zion as it isn’t enticed anymore when they say they’ve discovered potential zones of interest, encouraging show of hydrocarbons, potential zones of production, completion liners ordered, etc. The only way shes going to start really moving again is if they produce some form of news that says they have a commercial discovery on their hands. The decision to stay put will end up becoming record breaking gains as the price will blow up to over $50 and thats being conservative or its going to end being a loss. Only time will tell and hopefully we’ll find out by end of 1Q or early 2Q of the test results of the well.