both of zn's last 2 fundraisings have been poor times of the year to fundraise-and stock market was hurting badly end of dec due to the fed interest raises yet zn has enough to carry them to May 31
yes-very much a shared vision- Israel is very aware of the support by ZN and its shareholders and usa .... and israel needs those things badly and is appreciative of that -which should bode well for future license considerations
follows p.f43 of 10k =part of work extension permit- oil discovery would change such program to a 30 year lease w option to add another 20 years to the 30 (in mexico leases-at least mining leases- are 50 years w option to extend another 50 years)
Number Activity description Execution by:
1 Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform [by] 30 April 2019
2 Commence 3D seismic survey in an area of approximately 50 square kilometers 1 August 2019
3 Transfer of field material configuration and processed material to the Ministry pursuant to Ministry guidelines 15 December 2019
4 Submit interpretation report 20 February 2020
which will give them time to drill into any reservoir discovered by the 3d survey by dec 2 ,2020, so zn can turn the work program extension into a 30 year lease extendable for another 20 years
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