Replies to post #28753 on Zion Oil & Gas Inc (ZNOG)

[microcaps1]

microcaps1 Saturday, 09/08/18 12:35:03 AM
Re: None 0
Post # of 28753

let me explain the holiday schedule problem within the limitations of this board

zn has already posted that in the 16000 ft and deeper zone that it takes 4 days roundtrip for the drilling pipe to be removed to retrieve the packer at end of its short 4-5 day life and replace w a new packer

zn leases the drill pad from a religious kibbutz which strictly observes sabbaths -to the extent that zn doesnt even run the pumps to circulate the drilling mud-this may be a condition of zn's contract w the lessor kibbutz!!!!!!!

besides the weekly sabbath there are 7 high sabbaths during the year- 4 of them are during the fall high holy days - rosh hashanah, yom kippur plus the 1st and 7th or 8th day of sukkot(tabernacles)are high sabbaths,being

sept 10-11 monday /tuesday, sept 18 tuesday,and ca sept 24 1st full day of sukkot and ca oct 1

would have to look up a jewish calendar to verify exactness which is not in front of me

do the math and the logic -a lot of things are answered via simple logic-a lost art

between regular sabbaths they have 4 or 5 days(if they work sunday) to do something

none of the high sabbaths coincide w the regular sabbaths -by jewish law they arent allowed to!!- a high sabbath cannot be on the same day as a regular sabbath!!

so with all the 4 high sabbaths on mon tues wed or thur you have to start using a 3 dimensional calculator-taking into consideration the 4 day round trip to get in and out of the well-to see if u could actually get something done-NOT efficiently!

SO ZN SAVES MONEY by temporarily halting actual drilling/testing operations

that doesnt mean zn isnt doing anything-they can analyze,plan,do logistics and the reflection part of the praxis during this time-something that normally occurs in any operation that doesnt have offset wells to learn from


i just posted re this within the last few days from a previous years zn pr re this same fall high holy days schedule where zn's pr noted they observed such holidays
so THIS IS NOTHING NEW AND NOT SURPRISING to those who follow the dd

[DragonBear]

so, zn leasing land from a religious kibbutz which observes these festivals

It takes an average of 6 weeks to drill a conventional oil well.

MJ1 was spud 04-Jun-17. Drilling should've been completed, and flow rate results given by the end of Aug 17. Or does this religious kibbutz observe non-working festivals 95% of the available hrs in a day, the year around?

Instead Brown, and his gang played the MJ1 well for a year's worth of PRs, along with 6 DSPPs, each bringing in approx $6M in financing. Of course having a well completed in a normal length of time wouldn't have allowed enough time to stage another 4 PSPPs. Where did all the money go? It's something the SEC would be interested in. And they care not how many religious festivals are observed by a kibbutz in Israel, or scripture in a PR.