Replies to post #31572 on Zion Oil & Gas Inc (ZNOG)

[Bruce_Mcdonalds]

Why large investors could care less about Zion Oil (from the 2015 annual report).
Royalty to Israel: 12.5%
Royalty to Charity: 6%
Royalty to Staff: 1.5%
Tax on Oil Profits: 44.56%
Income tax: 25%
Now on top of those taxes, they need to clear 8 or 9 million a year just to keep their Houston office open.

Now you can understand why Givot Olam operated a commercial well for years, and the investors got zero in dividends, and a crashing stock price.

[tisdal]

micro, cant confirm but common sense dictates.

This won't happen, but imagine Hamas wanting to buy in. Let's just say that would not be allowed. Equally, nor would any organization that is not in good standing with Israel.

Zion is aware of this dynamic. Prior to any buy in, they (simply out of courtesy and wanting to retain good relations) would run it pass those Israeli Authorities and the owners of the land they are prospecting on.

Just good business sense.