Replies to post #28393 on Zion Oil & Gas Inc (ZNOG)

[Shouldbe]

If that were to happen would it be a straight out purchase of Zion shares at an agreed price such that our shares would fold into the company purchasing Zion. Or would Zion still have an independent stock listing that would grow purely on the success of Zion and the current licensed area. I would prefer the latter but I don’t know how these thing typically go.

[Cowboyeeee]

Jackleg - Great post Jack. I have often thought of this scenario as a possibility. This formula is often seen with developing companies in my opinion. With Guinn and Seery in place.........mmmm - food for thought. News of any kind can come at any moment. I love rereading the known current proven facts on a day-by-day basis to keep things in perspective. Have a great week and be safe. :-)

[lucky, mydog]

Merge with a company that does have cash and resources

that would be throwing good money after bad.

[DragonBear]

if we don’t get funding via the DSPP, our only option is to merge with another company (Noble/Genie/?????). that is able to complete testing the well and bring it to production.

Geesh.

First of all a NBL with assets worth $17B, and a net income of $568M for the first 6 mos of 2018, would not offer to "merge" with a ZN scam that has $41M assets/cash total. Companies merge when they are near equals.

Which leave a NBL buying ZN. What's there to buy? What is current oil flow revenue? Answer $0.00. How much in proved, and probable barrels of oil does ZN possess? Answer: 0 barrels. There's nothing to buy other than a dry MJ1 well producing 0 bpd, in a known area with no conventional oil to offer.

Last, if a company buys another, they inherit any problems that the acquired company has with the SEC. An NBL didn't get to where it is now, by purchasing a scam like ZN with nothing to offer, under SEC investigation.