Replies to post #38295 on Zion Oil & Gas Inc (ZNOG)

[DragonBear]

so ZN is well positioned going forward

"At March 31, 2020, we had approximately $6,454,000 in cash and cash equivalents

Don't forget this line item of $10M: "Unproved oil and gas properties, full cost method". Which is deferred expense.

10Q says that process will be finished by mid May -they've also incorporated previous 2D's into the data

In that case they should announce the drilling will start at the same time when they confirm in the next PR pump. Ya knows today is approx mid-May.