Replies to post #28508 on Zion Oil & Gas Inc (ZNOG)

[tisdal]

InFocus, agree, Mr. Guinn is an excellent leader

Though I agree that Mr. Carrillo got us to where we are (Reservoir resides within Active Petroleum System), and appreciate all of his efforts, timing of dparture could have been handled better. Capital raises are always tough on the long term shareholder due to the loss of demand on the open market, so his departure now is a double whammy.

Mr. Guinn will bring Zion to new levels of success and my/our prayers are with him.

[Hugodrax]

Stop blaming short sellers. The company has been raising money from mom and pop investors for decades, using their faith, and drilling dry holes, paying huge salaries to management, and doing it over and over. Notice how drilling and testing always slows down for silly reasons (hard to get equipment into Israel!, it’s the holidays! Gotta be safe!) just log enough to raise the next chunk of money from mom and pop. It’s common knowledge that Israel has no negligible commercially viable oil. Almost 500 wells were drilled (mostly 1950s to 1970s), but now technology and geology are much better which is why nobody drills there anymore. Except Zion. Why is that? You don’t think Exxon or Total have $5 million? Nice offshore gas fields, however.

Note the type of well they’ve been drilling - a simple horizontal should take perhaps 6-8 weeks to drill and test. We are 15 months in and they are still stretching it out.

Find any energy company that uses the term “live oil” or “barrels of fluid”. It’s misleading and they must know their investors don’t understand. Blinded by “faith”. and their Facebook post “we found oil!” will come back to bite them. The SEC has that. Why do you think subpoenas are flying?

You think the CEO would just up and quit if this hole in Israel isn’t a dud? Note now he’s not an insider so can dump his shares on you.

IMHO preying on people’s religious beliefs is about as low as it goes.

Direct your anger where it belongs. The company and the mirror.