Most exploratory wells use 2-D and will expand to 3-D for further field understanding
Only for Microcrap oil scams like ZN. Everywhere else Real oil companies now exclusively use 3D. perform 3D.
That’s why this is the first 3-D seismic
Wrong again. In 2000 The Geological Institute of Israel did 3D on the Shikma basin in Israel. Also at the Heletz site in 2010. Just because other oil scams on the Tel aviv stock exchange, were also unable to afford it, never conducted 3D, doesn't mean it has never been done in Israel.
Zion’s seismic methodology is common and more cost effective
Common for Microcrap oil scams, with the Brown gang seeking the most cost effective means to cram most of the PSPP money into their own pockets.
Try to find in the real world a small cap oil stock existing over 13 yrs, with no proven/probable oil reserves. No oil revenue. One that consults the Bible before deciding where to purchase a lease. Conducts 2D, and drills a dry well once every 3 yrs or so. How much did MJ1 cost to drill? The other dry holes prior to the MJ lease? Then our savior is suddenly inspired to perform a 3D, in a limited area of the lease. Try to find a small cap on the NYSE that follows Zion’s seismic or other methodology. Too funny.
using 2D is like using windows 95 when you have windows 10.
if theres a newer version thats better, then you use it.
using 2D may be cheaper, but not going to give you as much data compared to adding a dimension.
considering that finding crude oil inland in Israel has been severely difficult, nobody should drill until the 3D work is done.
if this were just a regular joe exploration company, they would be out of business drilling a dry hole first and then saying lets take a closer look at technology that can possibly show us some pockets to go after.