Zion Oil & Gas Inc (ZNOG)

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https://www.bing.com/search?q=is+beth+shean+israel+below+sea+level&form=ANNNB1&refig=cf4bf5549ffc4212a4e6fd7add62966d

"The Sea of Galilee lies 680 feet below sea level. It is bounded by hills, especially on the east side where they reach 2000 feet high. These heights are a source of cool, dry air."
https://www.bing.com/search?q=dead+sea+below+sea+level&form=ANNNB1&refig=5593c05653c34914a66245381be5f1b1

death valley is 282 ft below sea level

the well is probably about 15-20 miles south of beit shean -only a couple miles N of samaria(west bank)-and i believe the land slopes downward as one traverses that distance-someone can flesh that out-it is significantly higher elevation than the jordan river only ca 3 crow miles directly to the east

thanks for all the good posts by kyoil tisdal jryan mrbojangles jbradels moses and others

dont have time to respond now but a couple remarks and or questions
arent oil profits per barrel a lot higher than the $10-20/barrel being mentioned right now when oil is now $122-123/barrel
Due to the vastly superior oil knowledge of the oilmen and the son of an oilman
and things i've already noted I was assuming they may have 100M- 200M barrels for this well

at even only 100 million barrels (are we talking about recoverable barrels) and $10 profit per barrel that would be a profit of $1 billion -am i missing something? profit we're talking about presumably results after deducting infrastructure build out costs
a new well pad and 2-3 yrs before well #3 at a build out rate of even 2.5 M /month for 3 yrs would be a max of $90 million plus any production infrastructure costs above that before the 3rd well would be online if commercial
even at a profit of only 1/barrel w 100M barrels or $20/barrel at only 5million barrels (both resulting in a profit of $100M )
they would not need the DSPP program which is greatly depressing the pps because the DSPP share program completely bleeds those bought dspp shares from the market buy sell ratio

the low pps resulting from the dspp is imo a desperate measure which cant last long and makes hostile intent by whales possible- a short term strategy to raise money
-so as tisdal mentioned since they made no mention of another increase in AS nor a reverse split they presumably think they will have enough income to avoid doing those things at least for a year-and if they have enough income to avoid doing so for a year in a yr pps should be much higher and dspp not needed or at least sell far fewer shares via dspp so it doesnt depress pps as the good news and continuing well production activity should more than counter the effect of such a then reduced issuance(if at all) of dspp shares