Replies to post #28529 on Zion Oil & Gas Inc (ZNOG)

[Hugodrax]

Hah

Oh please Geneie abandoned its Israel oil and gas exploration activities last year:

https://www.prnewswire.com/news-releases/genie-energy-suspends-exploratory-oil-and-gas-drilling-program-in-northern-israel-300558113.html

due to, surprise, no commerical quantities of oil and gas.

They had a crappy drilling services company as well that they are unloading to the manager of that division.

It sounds like they sold if for about zero as they say the deal allows them to reduce the "wind down costs".

IMHO you have a better chance of a gold meteor landing on your front lawn than finding commercial oil in Israel.

But go ahead! Keep shovelling your blessed cash to Zion. The execs appreciate the hundreds of thousands of dollars each that they keep earning.

Brown's compensation was $632K last year, $575K the year before, and $419K the year before that. Carrillo earned $450-$500K per year, CFO $365K and so on.

Just keep sending in the $250 at a time folks. Step right up. It's for the "blessings of Israel" etc.

Ugh.