Replies to post #49658 on Zion Oil & Gas Inc (ZNOG)

[alancg]

Good response from Andrew Summey. Looks like management is attune to the damage to pps caused by JB’s remarks. Thank you for calling ZN and for posting this.

[KyOil]

Quoting Andrew in his response to married50:

We did notice the presumptive speculation leading up to the meeting.

I can think of two speculations leading up to the meeting:

1. The size of the reservoir, with some estimates having it quite large. This speculation is Zion's fault as they have not provided the size of the opportunity, which should have been done before spudding. Its crazy to ask for investment without stating what the opportunity is.

2. That a commercial well would be announced at the meeting. Again, this speculation is Zion's fault due to comments like "three weeks" without giving investors the context of the overall test process including major steps, the time it takes to prepare a report to the Ministry, and the time it takes for the Ministry to approve the report.

So my view is that Zion needs to take ownership of the speculation they themselves are driving and do something about it.