Zion Oil & Gas Inc (ZNOG)

[mrbojangle]

With regard to the three year license request not being granted and yet the 6 month extension granted, I believe this was the result of the Ministry of Energy stating that they will not stand in the way of a discovery but also that they are reluctant to allow any new exploration. The MoE has a clear emphasis on pivoting Israel to green energy and as such, is not going to encourage hydrocarbon development on their land. I've come to this conclusion based on news and social media posts published by the MoE ( MoE has a pretty active LinkedIn page with almost all posts emphasizing their green initiatives). I won't debate the wisdom of the MoE direction here, but this just adds to what tisdal has been saying that MJ02 is probably our last dance with ZNOG