Replies to post #31573 on Zion Oil & Gas Inc (ZNOG)

[DragonBear]

the concept may be difficult to understand for some

but petrophysical research costs money-things in this world cost money -they dont come free

Well, here's a few more things which "may be difficult to understand for some"...

A real oil company needing 2-3 yrs/spud to drill dry well holes over the past decade, and producing no revenue would be out of business by now.

A real oil company with such a track record wouldn't be able to get a revolving credit loan to stay in business. However since ZN is a religious affinity Microcrap scam, our cult hero Brown can travel the church circuit, and raise enough funding with the PSPPs to pay for his salary. And more recently company provided legal services.

A real oil company's management who said 3D was too expensive, then drilled a dry hole MJ1, and concluded 3 yrs later 3D wasn't that expensive after all, would feel pressure to resign. But for a Microcrap scam like ZN, it's no problem. Just startup the next PSPP. Issue a PR with a little scripture in it, and off to the church circuit Brown goes.

thats what zn is doing

ZN is doing what it has been doing - scam retail.

[tisdal]

Moreover, costs in Israel are atleast 5x

All one needs to do is look at the estimated cost put out by the recent license purchaser to drill one deep well; $30M. They will over run that in all likelihood.

It costs more due to the lack of infrastructure. Something that might change if Exxon does get involved.