Zion Oil & Gas Inc (ZNOG)

[KyOil]

good analysis tisdal. I don't think any bad news was delivered at the meeting, other than the uncertainty of when results will be announced. Capital moves to opportunity. So when the capital market heard results are not in yet, the capital was moved to somewhere more productive. The capital will probably come back in July, which is the first month of 3Q, or maybe August, in anticipation of the results being announced.

But, as you noted, we did not expect results at the meeting. A much better approach would have been to tell us honestly where MJ02 was in the testing process and what the results are so far. All facts; so they are bullet proof. The disclaimer that commerciality is only determined after all testing is done would suffice. With this info, the pps would have held or risen.