Every positive article mentioning ZN results in hundreds of thousands (yes even millions) of new shares of Zion being purchased on the open market. And the market is flush with cash given the recent Trump economy gains. Smart short money will get ahead of the new buyers and anything under 5 is a loser's bet.
Zion Oil and Gas in Cooperation with the Nation of Israel Announces the Oil of Israel.
- MJ#1 has discovered 5 different productive zones. - The deepest zone is immediately producible through MJ#1 - Zion's test results estimate at least 50Bbbls in the oil field. - Zion estimates a $50 NetBack per barrel. - The MJ#1 will move to production while Zion begins drilling MJ#2,3,4,5, ETC. to gain access to the other 4 zones of production. - Zion will be required to raise another $50M to complete these tasks. - All financing will be provided by the Nation of Israel under favorable but undisclosed terms. - As a condition of this financing, Zion Oil and Gas is happy to announce that the Israeli Petroleum Commissioner has accepted a seat on the Board of Directors for Zion Oil and Gas.