Replies to post #20228 on Zion Oil & Gas Inc (ZNOG)

[geopressure]

The bad thing for ZN is that now that they are under such scrutiny, they can no longer mislead non-sophisticated investors into thinking that ZN has found oil, thus buying more shares / converting warrants, etc...

Their funding is gone...

& their well is a dry hole... as I have proven scientifically in past posts (I'm a geologists/petrophysicists with 15 years of experience in Oil & Gas Exploration with a degree in Chemical Engineering)...

Science is not even required though... ZN's behavior is a clear signal that they have not anything that remotely close to being considered commercial...

[Badbrain88]

In retrospect I don't believe any formal investigation has begun yet. Since Zion is fully cooperating with the SEC I consider this as more of a fact finding inquiry than an official investigation. The SEC will put out a release publicly if they are convinced the company warrants one. Since they haven't then everything is completely preliminary. I've read about companies that will stall and evade inquiries, which, if they would have cooperated from the start, would have deflected an official investigation.