Zion Oil & Gas Inc (ZNOG): Hey IRisky, I posted a couple weeks ago...

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Re: IRisky post# 53577

Friday, 10/20/2023 11:02:52 AM

Friday, October 20, 2023 11:02:52 AM

Hey IRisky, I posted a couple weeks ago how much oil might be recovered with MJ01 re-entry. My guess was 20 million barrels recoverable.

There are two major steps in the calculation:
1. Oil-in-place, then
2. % Recoverable.

Fracking only helps the second step and my assumption is that the Ministry has already approved fracking-lite in MJ01 since a) it was done in MJ02 and b) the license was granted for MJ01 which requires fracking in order to be productive.

20 Million barrels is a start.

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