Replies to post #33278 on Zion Oil & Gas Inc (ZNOG)

[DragonBear]

zion finds these conferences and gets the approval to share company info with many.

That's pretty pathetic. Brown probably places more planning, and thought into the flyers, than on the operating logistics in Israel.

so again, if it wasn't for the people of the faith, zion would have been history long ago.

In the past when investing in various oil stocks, it was based on: Probable/proven oil reserves. Recent well results, IP30 flow rates. Cost per well. Cash/debt, and balance sheet. Factors affecting price, such as pipeline capacity, and logistics to market. Market macros affecting the price of oil. But for ZN it's...

Some "Faith Mission" to make Israel oil independent. Location to lease not based on proven geology, but by interpretation of biblical scripture. If things are done backwards, drilling another dry hole, before performing 3D, then no problem. Just say a prayer for the 3D. If the 3D fails (and it will), then HIM for reward the faithful for investing in a ... scam.

Reality is one can not find faith by drilling for oil. And one can not find oil by faith. However, one can always find a scam based on faith.