Replies to post #171170 on DD Support Board and Research Team

[DragonBear]

Why would anyone buy mineral rights, buy a rig, act as an operator and E&P?

It's hilarious isn't it? ZN buys a refurbished rig from Eastern Europe from a company previously associated with their COO. Just in time for a massive oil price plunge. Yep they are going to be a big time oil services company in Israel.

And with $11 (ugh) oil today, it is time to lay down rigs.

Not enough for Shale Oil to even drill for DUCkS.

ZN is tied to Brent. Where they have to compete with the Saudis. ZN drills a dry hole for $20M. Saudis crank up the production. So it doesn't matter for ZN if oil is $100, or $10. They have no oil to produce. They are currently not drilling. Instead originally told SHs the 3D they performed AFTER drilling a $20M dry hole, won't be ready till Nov. Now add on another 6 months via the Covid excuse.