Zion Oil & Gas Inc (ZNOG)

[Djbradles]

“Quotes”

“I could ask how's that Active Petroleum System working out for you, but instead, let me just ask, how profitable was the MJ#1s hydrocarbon shows?”

This is working out fine for me. An active petroleum system contains all the ingredients for hydrocarbon production. They found it based on MJ01 and it’s absolutely appropriate to drill another well based on the data to find the source of the trap and reservoir rocks.

“No amount of pumping is going to put one ounce of oil at the MJ#2 wellhead. If it's not there, it's not there. And as they said in their March 31st quarterly/annual report, "Currently, the Company has no economically recoverable reserves and no amortization base.". So, it's not there. A least, as of last month (April), it wasn't there.”

Please refrain from making insults and false claims. Industry practice deems a continuous phase show of hydrocarbons as the only reason to complete a well. MJ02 is completed. That speaks enough to what they found. They are not legally bound to say they have a commercial reservoir when they haven’t received confirmation as of yet from Israeli Authorities. That would be against the Petroleum Law of 1952 and Guidelines for Approval of a Commercial Discovery making is in turn, illegal.

“Are they lying? And if they lied, don't you think those who sold based on their end of March 31, 2022 statement, will sue?”

It’s a OTC company with Forward Looking Statements. It’s best to read those. No, I also don’t think sellers will sue based on selling off the 10K. Maybe they will try? The derivative lawsuit was a failure and I expect one based on speculative selling to suffer the same fate. I don’t think management is lying as that would be illegal, right? We addressed the EROI in the above paragraph.

“A great story has been woven together here, but the story is just that, a story. The annual meeting will come and go, no gas, no oil, but the spin, yup, the spin. I look forward to the spin you guys will surely give them.”

All stocks are “stories”. Some play out better than others. Speculatory statements like above of no gas, no oil, and spin are just that: bearish speculation. All the data and research thus far is very bullish to me. Still, we have to wait and see what the answers are to the questions that remain.