Zion Oil & Gas Inc (ZNOG)

[tisdal]

Here's the thing. From last PR Dec09

Although logs strongly indicate the presence of hydrocarbons, we have determined the zone does not have sufficient permeability to be productive.

Based on what we learned about the characteristics of this deep Mohilla zone in the MJ-2 well, we are aggressively re-analyzing our logs and other data from the MJ-1 well, which was drilled on the same pad site.

The logs will report the same as logs from MJ02,

strongly indicate the presence of hydrocarbons

however, that still will not address the lack of permeability encountered in MJ01 just like MJ02.

It sounds desperate.

The only way any of this turns out well is if we are allowed to frack, but the pad sits right in the middle of an agricultural kibbutz.