Replies to post #26736 on Zion Oil & Gas Inc (ZNOG)

[Porgie Tirebiter]

I think the problem is that they announced they had an "Active Petroleum System". But if you drill down into the guts of the P.R. release it seems they may have nothing more than a salt water disposal issue.

Zion Oil seems to have a lot of problems when it comes to being transparent with the owners of the company. Meaning: The common equity holders.

[tothe]

If you see all the AH buys there was short covering too. Index Funds know there is no leverage in borrowed shares. Buyers hold leverage with real cash. Trading at 52 week lows has an tendency to attract cash, well, more longs and our/my friends the scalp traders.
Careful reading of today's Operational Up-date of ongoing well testing results and implied field development will attract Oil Investors,,, this is what they were looking for.