Replies to post #41353 on Zion Oil & Gas Inc (ZNOG)

[tisdal]

Think selling is ZNOG. Shares are the currency.

Not sure if true, but the workers, testers, contractors, etc, have to be paid. ZNOG has no other source of income but the shareholder.

As we have all noticed, this time is different.

This time it's put up or shut up.
Show us the oil or we're not buying.

In a manner of speaking, the well has gone dry.

Please remember, I do not know how this really works, but for example:

Schlumberger agrees to test the well. The Price for their services is $1 Million.
Schlumberger agrees to take payment in shares at a price of .25 a share, so Schlumberger is issued 4 Million shares in lieu of payment.
Schlumberger then takes their shares and sells them on the open market to get their payment.