Replies to post #52495 on Zion Oil & Gas Inc (ZNOG)

[Jackleg1]

KyOil, As always, I appreciate your perspective. The Units Program has the appearance of desperation. I can't see retail funding this any longer based on where we are and where we've been.

I just don't know what narrative would inspire retail to continue buying ZNOG. As for those holding the bag, having gotten ZNOG to this point, they continue to get hosed as dilution continues.

Quick question: How many times has an exploration company ever re-entered a non-commercial well and converted it into a viable commercial well?

[Djbradles]

Thanks as always KyOil! Hope all is well with you. I’ve been doing well.

[Cowboyeeee]

KyOil - Thank you sir.

[JRyan]

Good summary..

Not good new by any means.

So the whale must be like us, no info and done.

I could be wrong, but all is riding on MJ1 being commercial, it already wasn't. Fracking or whatever you call it now, can not happen with present laws.

We shall see, 5 cents gives NO confidence.

[KyOil]

another couple thoughts:

6. The warrants are tradable. Not sure if this helps though.

7. The stated goal is to raise $7.5 million. If $0.075 is the average pps received from the units program, then 100 million shares will be issued.