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Re: MikeKnowsRunners post# 53784

Monday, 01/01/2024 1:18:01 PM

Monday, January 01, 2024 1:18:01 PM

Post# of 54181
it's hard to tell if the post is serious, just an arguement, or wishful thinking. A 7 year old photograph of the MJ#1 site is being shown, and you are saying, see...it's not a SCAM.

Here is the reason some people say it's a SCAM.

Nearby when this photo was made, Genie Energy was drilling a well in the Golan Heights. It cost 16.5 million dollars to drill, was drilled in 3 months, and closed down as non-commercial within 7 months from spud. Compare this to MJ#1, and ask yourself, where did Zion Oil spend the extra 120 million dollars, why did the well cost 10 times as much and take 12 times longer, and as of today, the commercial operation issue still isn't resolved?
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