Replies to post #30923 on Zion Oil & Gas Inc (ZNOG)

[DragonBear]

On AN ANNUALIZED BASIS THIS IS A FUNDRAISER

Except on page 31:

Cash provided by financing activities during the nine months ended September 30, 2018 was $15,659,000 and is primarily attributable to proceeds received from the DSPP and the Subscription Rights Offering. Net cash used in investing activities, primarily for oil and gas exploration and testing on the MJ#1 well, and other assets was $13,908,000 for the nine months ended September 30, 2018.

Along with:

We estimate that, when we are not actively drilling a well, our expenditures are approximately $600,000 per month

The past 5 months they have spent $3M doing nothing. Along with adding in legal expenses.

Also the restricted bank deposits aren't exactly available cash to be used for other purposes. So your total cash number doesn't fly either.

So, whereas we dont know how much was raised in this last period yet,the usual prognostications of

Euphoria, predicting fund raising won't be affect by: 1. Another dry well, 2. An announced formal SEC investigation, 3. A NAS notice of potential delisting. We shall see.

[axle777]

Well documented and detailed post it lines up with everything we know. Good work