Replies to post #48883 on Zion Oil & Gas Inc (ZNOG)

[tisdal]

iRisky, Not trying to trip them up

Believe me, Zion knows we have knowledgeable people on this board. We'll know BS/Legalize when we hear it :-)

Just this first question will put them to the test:

Hydrocarbons occur in the subsurface in four modes:

(1) continuous phase oil or gas,
(2) isolated droplets of oil or gas,
(3) dissolved hydrocarbons, and
(4) associated with kerogenous rocks.

All of these modes of occurrence can result in what is described as a subsurface hydrocarbon "show." Each show type has markedly different implications to exploration and must be differentiated as the first step in show interpretation.

Only continuous phase occurrences of oil and gas indicate that a trapped and potentially producible accumulation of hydrocarbons has been discovered.


Q1: Can Zion Oil and Gas clearly state at this time that MJ02 has encountered continuous phase occurrences of oil and gas that indicate that a trapped and potentially producible accumulation of hydrocarbons has been discovered?

If not, then how does Zion (considering the above description of the four modes of subsurface hydrocarbon shows) justify continuing to pursue the expensive testing of MJ02?

Q2: What is the Current P50 estimate for MJ02?