Zion Oil & Gas Inc (ZNOG)

[KyOil]

You might be right about 1 million barrels initially.
My guess is 20 million.
Using $10 market cap per barrel rule-of-thumb, and ZNOG's current cap of $38M, suggest the market expects the initial reservoir is in the 3.8 million barrel range.

As you stated, the most important thing at this point is to begin pumping oil so as to enter the next phase. You and others are also right about it does not seem like the right time for operations in Israel, so we have to wait while the bigger picture plays out.