Replies to post #32093 on Zion Oil & Gas Inc (ZNOG)

[Cowboyeeee]

Micro - Good points and thanks for reminding us of historical facts. 3D testing will find the whopper and I like your three dimensional approach of analyzing facts interspersed with stock movement. For some reason some folks ignore or are confused regarding proven facts backed by third party analysis. Israel would have never extended the Zion contract unless there is something there. Chevron, Delek and others would not be interested in the Lavant unless they know....”know “.... they have found a whopper. :-) People forget that this includes not only under the water but under land also.

[DragonBear]

wow- 1 post will cover all

from the 10q, as of March 31, they had over 3.1 M cash and current assets(defined as cash which can be converted to cash within a year) were 3.839M

From the same 10Q a write down of $6.9M of losses from the MJ1 dry hole, leases etc. And don't forget to subtract out the $3.2M in liabilities.

plus 10q said 504k was raised in April, which exceeds their draw of 500k /month when not actively surveying or drilling

Big whoop a whole +$4K. Exactly what is that $500K/month being used for?

once fundraising period started pps dropped bc some buyers funds were being diverted via the fundraising program

The Granny church circuit funding will soon dry up. That, and retail are the only "funds" involved.

Genie received a 50M cash investment from A-TEV

ZN doesn't receive such investments - do they? Wonder why...

there are actually more optimistic though less likely conditions
ranging from a modern day jed clampett to earthquakes etc but since ZN has the exclusive rights to its license area the spoils would go to ZN

So now the SHs are suppose to be praying for an earthquake in Kentucky?

drilling plans will be dictated by the 3d survey surrounding the MJ1 well- and thus the next well can hopefully be drilled from the same drill pad to save time and money

Except there is no drill pad. Just a plugged dry hole. The drilling plan (if one ever appears) will be the usual nonsense for an oil scam - oh oh oh we found "something of interest". Butt first it will take 2-3 yrs (if ever) to perform a 3D. Then another few yrs (if ever) to drill another dry hole. By then this scam will be crippled by the SEC, lawsuits, along with being tossed from the NASDAQ. Don't pity Brown, he'll continue to get his salary for the next yr or so.

much of the hullabaloo re the russell index is irrelevant

Yeah, who needs the Tutes to support the PPS.

and russell index investors have had 9 months to get out since pps 1st fell below one dollar

The recent PPS decline indicates they are indeed getting out. A trickle out the side door designed not to crash the PPS all at once.

most co's like ZN apply for another 180 day extension to bring pps to one dollar

Yeah the NASDAQ bends over backwards to keep companies/stocks under an open SEC formal investigation on its exchange. They enjoy listing Microcrap oil scams.

if at the end of the 2nd 180 days

There will be no 2nd, 3rd, or 4th.

zn was ca the 5th fastest growth co on nasdaq last june

Based on what? Let me guess... market cap from Brown PR pumps. It wasn't due to growth from oil revenue - there is no oil revenue. You forgot that since Jun, by market cap it is one of the fastest meltdowns on the market.

renewable lease and if they discover a commercial field

It will end up like all the rest of the leases - expired. There is no mythical commercial field.

delek etc there is increased activity around zn's license

And what have they found - nothing. Delek going to invest in ZN? LOL Just a dream isn't it?

price /book of 10 is not unusual for a non-revenue company

Not unusual for a scam. Don't worry the PPS will continue down. Jun-Jul should be fun.

zn had close ca 42M assets til write off due to the noncommercial exploratory well-and if such well aids in discovery of a commercial field due to the 3d survey of 60 square km around the well what then?

Since there won't be any such dream discovery, the "then what" will be another $42M charge on losses. But it will never get this far will it?

Dustin could stay on as a part of

No he has resigned, and taken his paycheck with him.

small co's cannot afford to pad management-but zn is attacked no matter what they do

Small cap CEOs are accountable to SHs, with their salaries reflecting the progress made to generating accrued value to SHs. Microcrap scams like ZN has a Brown scamming away pocketing the money, with no accrued value (where's the oil reveneue?) for over a decade. Brown operating under a pious charade seems never to be attacked by any SH who have bought into his "faith mission" scam.

wow-if zn stock went from ca 2.25 to 5.80 after 'just a tiny trace of oil was found"

Pump those stimulation fluids in. They come back out under pressure. Add a little salt water and "wow" another dry hole.

thats why its a spec stock- was the 5th fastest growing stock last june on the russel index

And since then it has crashed into the gutter. Like the NASDAQ, no doubt the Russell enjoys having scams under SEC investigation with multiple lawsuits attached to it , in their index. Will it still be in the new Russell index?

thats why even big boys invest in spec stocks to raise there overall profit

Wrong. Without the Russell 2000 there would be no big kids "investing" by weight in an attempt to mimic the Russell return. Watch what happens in Jun-Jul.

But now we have investor exhaustion. With Tute support exiting out the side door- reference recent PPS decline. There will be no more large runs. Just large declines. Like the recent one.