Replies to post #51931 on Zion Oil & Gas Inc (ZNOG)

[cb521]

KY thank you for the positive light. Im sticking around to see what hapoens. Still have a positive sense about this.
Many blessings to all.

[lishious]

Ty Kyoil. I am too deep and long to sell for a loss. I would lower my average if sp drops to $0.05 or lower. I cannot deny I know the voice that told me to invest in this and he never told me to sell. So I wait. 13 years and counting.

[KyOil]

clarification on my statement "begging" for funding:

Zion, in my opinion, will be begging for funding if they simply offer another units program at 5 cents, or whatever, without providing investors with the rational for investing.

However, if they pull together a proper investor presentation on the "active petroleum system" including 3D data, log data, DST details, etc to give evidence what is there and what the next step would be to explore it, then that is not begging for funding. With a compelling presentation backed by data they will not have difficulty obtaining financing. Its common in the industry to need another round of funding after finding the system.

The initial investors took the most risk and had the highest potential gain. And I'm sure many who came along early will move on. If Zion can demonstrate that the risk is now lowered as the system's existence can be verified with data, then other investors will come along. Many professionals in the business would not invest until the system was proven; they would rather sit out until then.

[JRyan]

Yeah, not as bad as MJ1 but hurts nonetheless. I have updated my thoughts elsewhere but for now we know Monday will be ugly.

Were the bears right? Yes the well is noncommercial. About being a scam? No in my opinion but that is worth little at this point.

I am not sure what I will do Monday. Take the losses off on Taxes? That would be the prudent thing but I am not sure.

I have said many times that if MJ2 is not commercial, then that would be the end of Zion Oil and I still believe that for the most part. I think going private is what will happen, maybe the whale(s) already owns enough for that. We never could get clarity on that subject.

As for is Zion Oil a well run company? No, their public communications leave a lot to be desired. They are so scared to say things because of what happened at MJ1, that it absolutely affected their communications. That hurt them more than what they were worried about in the first place.

We shall see.......the only thing I can hope for is that I know in the end whom is in control. That alone gives me peace. It just wasn't meant to be at this time.