Zion Oil & Gas Inc (ZNOG): I hope so goldbug7! It is not likely...

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Re: goldbug7 post# 53629

Friday, 11/03/2023 6:55:52 PM

Friday, November 03, 2023 6:55:52 PM

I hope so goldbug7!

It is not likely that Israel has enough land area to be a large oil producer from "conventional fossil fields" (with current borders). Continuous flow from the deep would be a means to have a large reservoir.

One theory that supports this possibility is abiotic oil production. There are many articles, here is one https://www.forbes.com/2008/11/13/abiotic-oil-supply-energenius08-biz-cz_rl_1113abiotic.html?sh=6670f3b13f9e

Some elements of the Russian oil industry tend to recognize this theory. Therefore, they might be an early nation to appreciate the value of such a find if it was proven with production.

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