KyOil, JRyan, microcaps ... shabbat shalom and thanks!
KyOil - the large BOP is due to high pressures witnessed on MJ01. We had to stop drilling as we waited for new BOP. I'm sure you remember ;-).
JRyan - thanks for updating spreadsheet to today's numbers. That is appreciated speculation.
Microcaps - again, your posts are so detailed and full of things most eyes do not see. They are a great help in these trying times.
Agree microcaps that Zion has a lot of firsts with MJ02, but if these do not lead to a commercial discovery, then they are just wasted investor capital. If they cannot make a commercial discovery with all the data and all the invested capital, then they should probably get jobs elsewhere and in a different line of work. In the meantime, the board can stop growing with unnecessary talent and should be reduced in size to make a more lean operation.
Also agree with JRyan that if commercial discovery is not made then Zion as an investment is done and the faithful shareholders are left holding the bag. Zion will continue, but as a private organization. That's when the board will be cut in half to lean out operation costs as they move to Israel.
From what we are witnessing, IR has become aggressive toward the long-term shareholders. That probably is because we remind them of the company's inadequacy. There has to be a sense of guilt amongst the ranks. Falling back on, "this is my job, they knew what they were buying", is not enough to relieve the gnawing thought that they are nothing more then used car salesmen taking advantage of the faithful. That every share they sell hurts every previous investor through dilution and lack of demand on the open market. They are literally taking our money with one hand while shooting us in the head with the other.
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