Replies to post #17049 on Zion Oil & Gas Inc (ZNOG)

[Steve021360]

Some on this board do not understand the journey we have been on as well. To those who have owned this stock for three years or less, you do not understand believe me. They question our faith and patience but they have no idea what we have seen on this journey. For all of you out there that meet this description let me tell you there was a time when we actually felt as though we were part of a team, weekly! We did not receive speeches about our faith and patience. I know that this journey has taken a hell of a toll on Mr. Brown and how do I know this? Because it has taken a hell of a toll on all of us that have been here as well.

[attesting]

Operational Delays

Zion reported that they had completed Drilling, Logging and Casing on Feb 26, 2018:
Zion Oil & Gas Successfully Drills, Logs, and Cases Deep Israel Well

They didn't actually start testing of the well until May 22, 2018:
Perforating, swabbing and stimulation operations began today in Israel

Why is there a 3 month delay to do testing?!? The testing equipment should have been there to start with!
From their own reports, operational costs are $3,000,000 a month, so did this delay just burn up $9M cash?
Employees just twiddling their thumbs waiting for equipment to arrive? How much of that money went to executive compensation?

Good thing they were raising money at the same time, but the rights offering only defrauds $1M/month from investors lately.

[tisdal]

Tomorrow's meeting will indeed be interesting.

I submitted my questions to Zion and have received responses. The responses will be formalized and presented to the shareholder's tomorrow.

I will not post them to this board as I do not wish to post the unformalized versions. Nor should anyone hear anything at this time until Zion's management has had their opportunity to respond in an open forum tomorrow. That is their right and IMHO, they have earned it.

They are the ones that have worked so long and hard to get to this point and no board poster should take that right from them. As always, any communication that Zion forwards to me is in my opinion open, but I do not wish to be disrespectful towards Zion Management. They will respond tomorrow.

I will however provide my impression and everyone who attends tomorrow I am sure will walk away feeling the same. Zion's management has an excellent handle on what they are doing and how they are approaching this well. They have an excellent handle on the short position that is arrayed against them. They are absolutely dedicated to LONG TERM shareholder value.

YOU CANNOT HAVE MY SHARES!!

You can all cry and whine about the short term losses on paper. Heck, you can even go sell and take your losses in the hopes of being able to buy back lower. I really do not care!

YOU CANNOT HAVE MY SHARES!!

IMHO, there will be NO news tomorrow about commercial quantities from what I have seen and based on Mr. Guinn's post on Facebook, and I agree with Zion's management that there should not be; however, we may be closer then anyone thinks to hearing from Zion with respect to testing.

Again, Zion will address all of this tomorrow.

LONG ON ZION $ZN

DO NOT EVEN ASK!!