Replies to post #38666 on Zion Oil & Gas Inc (ZNOG)

[DragonBear]

In 1979, James Wilson...

prepared a report for the Israeli government that estimated that the onshore reserves potential of the country (excluding the Dead Sea area) was 330 million to 2 billion barrels. In northern Israel very little exploratory drilling has been undertaken, and ZEBI believes the Valley of Jezreel and Megiddo is full of oil and gas and will prove to be a great field, changing the destiny of a nation."

And yet, in the last 41 yrs, Wilson's former employer Shell, along with all the other big oil companies, decided a potential 2B reserves wasn't worth going after??? Big oil did not become Big by running away from 2B bbls oil reserves, even unproven ones. By now, 41 yrs later, Israel should be a pin cushion. Seems the report was discounted and ignored long ago.

[Ness Energy]

and after he wrote the report..

he was so excited to what he knows is there, that he did NOTHING to pursue it..

if there was that much there, why havent the "big boys" gone after it?

answer... ?

[Cowboyeeee]

IRisky - I had completely forgotten about this! Thanks for reminding us of facts.