Zion Oil & Gas Inc (ZNOG)

[Bruce_Mcdonalds]

Probably good news for longs, if you have been following where the money goes at Zion Oil.

The Abraaj Group has be forced to sell off it's holdings in Viking Services.

It looks like the Mitchell Group in Dallas picked up a bunch of their holdings. Dalea partners (also owned by the Mitchell family) and the BXR Group are the other owners of Viking.

Viking is a private company, as is Abraaj, their books are closed and private, there are no annual reports, so if you haven't been following this, you probably won't be able to pick up on the newspaper articles that have come and gone. Of interest: Bill Gates reportedly lost $100 million in the Abraaj group, it's founder is under house arrest in the UK awaiting extradition to the USA, the liquidation of the Abraaj Group holdings was court ordered... It seems there was a five billion dollar accounting error at Abraaj, as in poof, gone....

The new owners replacing the Abraaj Group will probably do a much better job with the task of "blessing" Israel. Putting 'slims in charge at the Zion Oil work site to bless Israel has always been one of the most idiotic things Zion Oil has done, with the Abraaj Group gone, you should be happy that they will no longer have to do that for the contractor/owner.