Zion Oil & Gas Inc (ZNOG): Good question tisdal. By modest I mean...

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Re: tisdal post# 50428

Wednesday, 08/03/2022 9:58:54 PM

Wednesday, August 03, 2022 9:58:54 PM

Good question tisdal. By modest I mean in the 200 to 400 million range. Not quite enough to supply Israel yet, but still a large undertaking.

Assuming the reservoir is optimized to produce 100,000 bopd and each "vertical well equivalent" can produce 2,000 bopd, then that is 50 vertical wells. They will probably use horizontal wells to drastically reduce the number of wells. This will require a lot of activity not only drilling wells but infrastructure to delivery the oil/gas. Mr Starr will be a busy man. Oil exploration is capital intensive. Oil production is even more capital intensive.

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