Zion Oil & Gas Inc (ZNOG)

[Bruce_Mcdonalds]

A little recent history: "Starting today, no more licenses will be issued for oil exploration on land in the State of Israel" The Israeli government (Sept 1, 2021).

The Zion Oil response: Apply for a new license May 11, 2022.

So, what was the reason for the May 11, 2022 application? New technology, that no other company had, so much so that the Israel government would acknowledge that they made a horrible mistake and reverse their recent decision, or just to string along investors?

And why did they amend it Jan 24 2023, then issue a new press release indicating something "new" rather than just saying they were amending an old lease request made 8 months earlier.

So, investors have a decision to make, was that May 11 2022 application made based on new technology, or to string investors along? Was it amended 8 months later because of new technology, or to string investors along. Has the amended application been sitting for another 7 months, without action, because of "new" technology or to string investors along.

Yes, to string investors along. Don't forget their latest spew, lease approval is just around the corner. In the que since May 11, 2022, with approval just around the corner. Are they saying approval is just around the corner because of "new" technology, or just to string investors along.

Keep in mind, Israel neither rescinded their original statement Sept 1st, 2021. Nor do they allow fracking, the "new" technology Zion Oil is reportedly wanting to use.