Zion Oil & Gas Inc (ZNOG)

[Rainman19]

Waiting on cement...From previous updates we know ZN planned to drill a little deeper before running casing. We also know water from volcanics is a problem so they have to drill far enough to get a successful seal. Anyway, the well is expected to hit the lower Triassic (Scythian) at about 4611m. Once the casing is set, the well should be clear to continue drilling to the expected top of the Permian at the 4850m level. Of course well #2 showed us at least 300ft of cap rock(shale/dolomite) ,which isn't a bad thing since we need a cap rock to trap the suspected oil deposit, so the Permian will likely show up at a different depth than at first thought. Regardless ZN now has a rig in place that can reach those depths with ease. jmho