Zion Oil & Gas Inc (ZNOG)

[KyOil]

thanks for sharing from the 10Q - a quote from the passage you posted:

These factors raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financials were issued.

One year is like eternity given their present state. They used to say something like "Cash on hand and projected DSPP participation will fund operations through XYZ" where XYZ is a couple of months to 6 months out.

Its just a guess, but with the Waiver deal ending Aug 31, that might give them enough funds through Sept. That would be until the end of 3Q; by then MJ01 reentry is supposed to occur per the ASM communication.

To stay afloat, Zion will need to announce either a) new license with P50 reservoir potential of MJ01 re-entry, or b) obtain another Waiver deal. In a pre-revenue company, running out of cash is always a big risk. And that risk seems to be looming large over Zion. Some investors will think its exciting to see how it works out successfully, to others it will be a flashing sign to stay away. Each investor needs to do their own due diligence and then own their decision.