Replies to post #44249 on Zion Oil & Gas Inc (ZNOG)

[Cowboyeeee]

Mmmmm - I don’t remember that also, Whistleblower. Interesting point, if correct.

[tisdal]

Whistleblower7, it's not been establish that it's oil.

The retention area has always been there and no, it did not contain oil for MJ01, and it has not been established that it does for MJ02. It's all purely speculative at this time based on a fuzzy satellite image.

Taking Zion at their word, which is tough in these days of silence, we would be informed of any significant event. Oil flowing into the retention area would be significant. Except under the strict rules of a tight hole policy. Also, as KyOil has pointed out, the satellite image does not show any burn off of gas that would definitely accompany oil.

With that said, today's release is good in that we do have a need to continue with Testing of the well.

It dawns on me that somewhere in Israel's Energy Ministry there is at least one person (probably more) who has now seen the test plan that Zion has submitted based on their current drilling data. This means, in a manner of speaking, the cat's out of the bag in certain circles of the political elite in Israel. If the test engineer knows, then the Energy Minister knows. If the Energy Minister knows, then the Prime Minister knows, and so one throughout the political elite circles of power in Israel. Perhaps some of them are why we have seen a lot of buying this week. Who really knows.

Israel's Energy Ministry is now going to have to give Zion the go ahead to test the well. In the meantime, Zion is so confident that they are going to get that permission, that they have already purchased the testing equipment and obtained visas for the testing crew.

Imagine what one would have to know to make that type of cash outlay ahead of getting the okay from the Israeli Energy Ministry. Being so confident that Zion will be getting the okay from an Israeli Energy Ministry under the current political environment in Israel. The Energy Minister, Karine Elharrar, has already announced ... that Israel will stop issuing new permits for oil exploration on land.

"Starting today, no more licenses will be issued for oil exploration on land in the State of Israel,” she said at the opening of an annual conference on energy and the economy.

“Oil is a highly polluting fuel that has no place in a country that is doing everything to reduce the use of coal and understands that [fossil fuel] gas is also only an intermediate solution until we can rely on renewable energies,” said Elharrar, a Yesh Atid party member who was appointed minister in June.

This is the political environment within which Zion is saying, "Yup, we are going to get the okay to continue with drilling and testing this well. Now get out there and start acquiring all the equipment and personnel we will need to get the job done".

In the middle of this environment, Zion is so confident that their test plan (based on current drilling results) is going to be okay'd, that they willing make a large cash outlay purchasing test equipment and obtaining Visas for the Test Crew.

That's either irrational exuberance or extreme confidence in what their current drilling results are demonstrating. Mr. Dunn does not strike me as an irrationally exuberant individual. He does strike me as all business and would not purchase test equipment ahead of getting the Israeli Energy Ministry's okay, unless he knew, without a doubt, that there was no way they were going to refuse Zion's request to test MJ02, and it's multiple zones of interest.

The current drilling results are, without a doubt, worthy of testing or Zion would not being moving forward without the test plan okay first.

SPECULATION ON MY PART