Replies to post #5830 on Zion Oil & Gas Inc (ZNOG)

[BlissBull]

Moses... He already answered that question...

" Previous seismic work would have directed them to this area, but after logging is done on a real well and focused seismic done in the immediate vicinity, then much more is known."

That means they will drill to total depth, do open hole coring and logging, set the final casing, perforate the areas of interest, and run the production tests to complete the well... After all that is done, they will do 3D seismic studies in the immediate area (above ground).

[KyOil]

Re: Moses Question on Seismic Testing Timing

I suspect ZN's original plan was to wait until TD to fund raise for additional seismic, based on what they found while drilling. When they saw encouraging "shows", they decided to offer another program before TD to raise seismic funds to direct the next well. So, they will have funds for seismic earlier than planned, but I don't have a feeling they were able to expedite the schedule aggressively enough to currently be doing seismic.

If I had to guess, I would say they are planning to do it as soon as equipment is on-site and the well is at a stage that makes sense, which is likely shortly after TD. But a disclaimer here is warranted: I am not familiar with doing seismic at this depth.