Zion Oil & Gas Inc (ZNOG)

[Moses1492]

KyOil not sure if you recall this article mentioning Genie confirming finding oil in the southern Golan Ness region?

https://www.haaretz.com/israel-news/business/.premium-genie-confirms-report-of-possible-big-golan-oil-find-1.5407615

In the article they mention encountering a 350 meter deep formation (10x the reservoir depth found in Saudi Arabia). How would this discovery not be financially viable for them to re-visit now given current prices? I'm curious if their lease has expired. Anyhow, ZNOG's MJ1&2 well isn't that far away (20 miles or less) and their lease runs NW even closer to the Southern Golan Ness region should their science lead them in that direction to drill in the future...

ZN may have already encountered a similar formation at similar depth if geology is mostly the same. JB mentioned the Genie discovery in a 2016 ZN press release but I'm still not sure if anyone at ZN confirmed in a podcast or pr if they found similar formations in their well bores at the 5-7k ft depth? (Genie had a smaller rig and I think they stopped drilling at 7-8k meters down)

Maybe our geologist mentioned in a podcast? You recall anything? I distinctly remember this topic being discussed and even more excited because the 300 mt porous limestone formation was also perfectly paired with a hard rock cap that would be able to serve as a perfect cap to such a formation reservoir trap. KyOil anything you can recall add greatly appreciated.