Replies to post #5537 on Zion Oil & Gas Inc (ZNOG)

[BlissBull]

"The obvious is obviously wrong!" (Joseph P. Granville)

[tisdal]

Hey Spike, here you go.

Please try to relax and I say that will all due respect brother and with empathy. I have been here for years and understand how you feel.

There is nothing being done by the company to harm you. Zion's value resides in the bore hole at the end of the drill bit.

They want to find the oil.
They want to make their investors happy.
They want to make Israel energy independent.
They are not out to trick you, deceive you, lie to you, mislead you.

Take it from someone who has been here before.

Relax, breathe. I know and understand how difficult it is. I honestly believe this time is different. If you look at item number 2 from the schedule at the bottom of this quote, note that you are correct, November 1 of this year is extremely important. I do not know if this report is to be made public at first, or if the State of Israel's Petroleum Commissioner has to review it prior to public release. I do know that they have to have it in on time or ask for an extension. This may be why they have been so quiet. I am positive that they are working diligently to make this deadline.

We are 5 trading days away.
This also coincides with dreamer777's prophecy claim and Moses' earthquake prophecy. Things are coming together quickly now.

In the meantime, this is a post I wrote earlier. I believe this to be true. I hope it helps.

Note 1 - Nature of Operations and Basis of Presentation

A. Nature of Operations

Zion Oil & Gas, Inc., a Delaware corporation (“we,” “our,” “Zion” or the “Company”) is an oil and gas exploration company with a history of 17 years of oil & gas exploration in Israel. As of June 30, 2017, the Company had no revenues from its oil and gas operations.

Exploration Rights/Exploration Activities

Zion currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres. In December 2016, Zion and a local Israeli construction company executed a contract for the civil works and drill site construction at the MJ #1 location. The site was completed in early March 2017. The drilling rig and associated equipment were mobilized to the site, performance and endurance tested, and the Megiddo-Jezreel #1 (“MJ #1) well was spud on June 5, 2017, well in advance of the June 30, 2017 deadline under the terms of the current license.

Depending on the results of the currently drilling exploratory well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets can be reached using directional well trajectories.

Megiddo-Jezreel Petroleum License (“MJL”)

The MJL was awarded on December 3, 2013 for a three-year primary term through December 2, 2016, with the possibility of additional one-year extensions up to an aggregate maximum of seven years. The MJL is onshore, south and west of the Sea of Galilee.

Since late November 2016 when the State of Israel’s Petroleum Commissioner officially approved Zion’s drilling date and license extension request, the Company remains subject to the following key license terms:

No. Activity Description To be carried out by:
1 Begin drilling / spud well 30 June 2017
2 Submit final report on the results of drilling 1 November 2017
3 Submit a plan for continued work in the license area 1 December 2017

You will find it here on page 5 of the 10Q they submitted in August.