Zion Oil & Gas Inc (ZNOG): Explain the thinking as to why this shou...

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Bruce_Mcdonalds

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Bruce_Mcdonalds

Re: cparma post# 51994

Tuesday, 12/13/2022 10:05:27 AM

Tuesday, December 13, 2022 10:05:27 AM

Explain the thinking as to why this should go up, given:
1) It's another dry hole.
2) They have no business and no income.
3) They have no project.
4) Israel is showing them the door, ie, no next project in Israel.

A company that spends 8 years on 2 dry holes from one pad/project, taking half the money for themselves in management and the other half to contract the work out, doesn't exactly have hoards of customers beating down their front door.

Aren't you just trying to make 30% on a dead cat bounce, then leave?

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