Replies to post #31299 on Zion Oil & Gas Inc (ZNOG)

[Porgie Tirebiter]

ZN's lease is on the African tectonic plate. Syria is on the Arabian tectonic plate. The Dead Sea transform (Jordan River valley) marks marks that boundary.

In other words, ZN's lease has no 'geologic' connection with anything in Syria.

[microcaps1]

this is the palmyra rift system map in syria jryan has posted several times and now you- shows the geo strata continuing from syria all the way to tel aviv and jerusalem[zion]

i guess the geology didnt get the memo that the strata ends in syria




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https://en.wikipedia.org/wiki/Meged_oil_field

the ff is from the haaretz cite[posted here several times before-1st by axle i believe] below re the meged field

“The conservative estimates are that they will be able to extract 20 million to 50 million barrels of oil, which is a lot,” he said. Comparing Meged to Israel’s biggest find to date, he said: “In the Heletz field, for the sake of comparison, they pumped 18 million barrels over 50 years.”

But he said the area was very difficult to drill due to a very thick 4,000-meter (13,123-foot) stratum of limestone, and faults lying above the oil. He estimated that drilling would cost as much as $30 million per well."

i thought i saw another article re the depths of the various givot meged oil wells but cant immediately remember where

https://www.haaretz.com/israel-news/business/israeli-oil-explorer-recruits-mysterious-investor-group-to-revive-its-fortunes-1.6912052

i saw a map of the northern israeli delek buyin of leases days ago -but such may have to wait for another post

[JRyan]

Answers..

From a previous comment: Just so it is here..



It would be useful to know the depth of Genies wells but Givots can be reasonably estimated.

Meged 5 site -The Meged 5 well, located in the South-Eastern portion of the Rosh Ha'Ayin Lease I/11was drilled in 2009 to a depth of 4700m.

With the completion of drilling, the well was stimulated to enhance deliverability of the hydrocarbons from the reservoir via natural fractures.

Meged 5 well draws from a hydrocarbon bearing reservoir composed of 8 zones. The deepest zone, Zone 1, is at a depth of 4700m, and the shallowest zone, Zone 8 is at a depth of 4000m.

Meged 5 well has been producing continuously and commercially since June 2011, and is in the long-term testing phase. Currently Meged 5 is producing from just one zone, Zone 8b. The production rate was initially 800 barrels per day, and has been declining to the current rate of 400 barrels per day.

What are the depths these (producing) Syrian wells were drilled to?

I have not come across that information but my assumption is shallower the more East one goes, pure speculation on my part. I think that information is not publicly available. Lets say proprietary maybe?


I can show what they are all the way East...

JRyan, do you have anything to shine some light on any of these?

I have information on this general subject. I am not allowed to post links. Google is your friend (in this case) and there I can group and organize things as best I can. It is hard to get information when posts are pushed down the list...Plus I limited to one only.

In other words, ZN's lease has no 'geologic' connection with anything in Syria.

Ok in some ways you are correct but in others you are not. They are related but lets just leave it at the location of the Meged fields, they are on the same side of said plate.




Just so we are all clear....

Despite all the claims by Givot of huge reserves, of which only 50% at most are estimated recoverable, they have a history of either dry wells, or ones that don't last long. So, what's the excitement about?

Nothing really, it is all gibberish. I mean why would someone invest in gibberish? Certainly is must be for a tax write off or something.

Group including U.S. investors puts $50m into Israeli energy firm Givot Olam

A group of investors that includes Jewish-American families has agreed to invest $50 million in Givot Olam to help the Israeli energy partnership undertake more drilling in its Meged oil field, near the town of Rosh Ha’ayin. Alberta Texas Energy Ventures, as the group is called, said Monday that it would have a 40% stake in Givot Olam after the deal has been approved by company shareholders and Israel’s petroleum commissioner. A spokesman for the investor group said it included families that have been working for “the stability of the State of Israel and comprehensive regional development” and have invested in Israeli high-tech in the past, but declined to name them. The Meged field has produced in the past about 1 million barrels of oil, but its last well was capped due to technical problems that haven’t been resolved. Meanwhile, Givot Olam’s controlling shareholders have been locked in a dispute that has disrupted operations, forcing it to seek new financing. (Eran Azran)

So I take it the argument is no longer that Israel has no oil? I mean are facts actually facts? Strange is it not? Ok lets say we can now agree there is oil in Israel. So what are these technical problems that Givot spoke of? I think I have a good idea from what I have found. I would suggest reading about the Permian in Texas but only from the viewpoint of technological changes in the last 10 years. You will then at least have a partial answer. Well that is all I can do for today, and as I said on the Hoo, watch the Golan for news and then I was surpised by what had already happened that day but had not the chance to know it. Things are getting interesting indeed and the news cycle is changing so fast that some of it will be lost. Eyes wide Open!