Zion Oil & Gas Inc (ZNOG)

[tisdal]

In other words, Put Up or Shut Up

Basically, the article revisits what we have discussed here on this board. The final summation is that:

If they have oil in commercial quantities, then all is good. The size of the reservoir will decide the level of goodness.

If not oil in commercial quantities, then all is bad (for the long-term faithful shareholder that is). Management will still get their pay checks. The short position will have made a lot of money. The SEC will probably revisit their investigation into Zion and its BOD (all 18 of them). Israel will not allow Zion to continue drilling dry holes in their country (especially if Israel is anti-hydrocarbons), Zion will be forced to clean up their mess by the end of 2023, liquidate its efforts in Israel and potentially take their ball (rig) and go play in another country after taking themselves private.

Summary: It's put up or shut up time for Zion Oil and Gas. No oil, no future (for the long-term faithful shareholder that is). Zion Oil and Gas may continue on, but investments will be lost.