Cooldeliosis
2 days ago
Not sure this means anything.
Zion Oil old License had 99000 acres
We are thankful to announce that we received an extension for our 99,000-acre Megiddo-Jezreel License for six months, from August 2, 2022, to February 2, 2023.
Zions new License has 75000 acres.
This exploration license 434, similar to Zion’s previous exploration licenses, will be valid for three years until September 13, 2026, with the option of four 1-year extensions for a total of seven full years until September 13, 2030. This new license includes approximately 302 square kilometers or about 75,000 acres.
Bruce_Mcdonalds
6 days ago
I think the new and improved fracking fluid is just a marketing claim by the various oil services companies involved, where each oil service company advertises they have the best fracking fluid ever devised by man. About 20 years ago, I was visiting Halliburton engineering in Oklahoma regarding some fracking pumper equipment they were manufacturing, so I asked the obvious question when I saw their tanker trucks lined up in the storage yard - what do they use for fracking fluid? They told me that the composition of the fracking fluid was top secret, that all service companies in the business used a different proprietary mix, but that it was mostly water with additives that increased the fracking power of the water (perhaps a jell) and wouldn't damage the equipment. In addition, Haliburton's fracking fluid was the absolute best, and this was before the "green movement", but he stated the fluid/water was designed to evaporate away after they finished, leaving no chemicals or any detectable chemical residue behind in the hole. Apparently, that was a big thing 20 years ago, as I assume it still is to this day.
So, in other words, and if this sort of thing still going on today, the new and improved fracking fluid is most likely nothing more than, oh, say buying a box of Tide detergent, and comparing that to a box of Tide detergent stamped with the label "NEW AND IMPROVED", and looking at the difference between them. It's basically the same thing, with the new and improved merely being a marketing technique to gain an advantage over competitors.
I don't think people fall for the "new and improved" label on existing products in a store these days, but it's looking like the investors are going all in for the "new and improved" fracking fluid.
Oh, and the bit about using nitrogen for fracking, we were selling Halliburton our trucks for them to use as nitrogen pumpers 20 years ago, when I worked for the supplier, so again, it's sounding like new and improved "old" technology, here. Plus good marketing.
Bruce_Mcdonalds
1 week ago
Aw, yeah, except John Seery has 0 shares. When you read Form 4s for insiders, Table one are shares, Table two are options. As awards for being a director, he was granted well over a million options, but no shares.
JRyan
1 week ago
Just a point, Givot found commercial oil in the meged field, southwest of MJ1. Yes, they STILL have a commercial license, you know the 30 year one I think. The Golan, it has it as well, but not practical to get. Mj1 is an area that has the same formations that is providing the oil of Syria, yet that is conventional oil.
Point is , it's there, but to your point maybe not commercial. That was said of the Bakkan as well...
We shall see. We even know it's light sweet crude, just like the Bakkan.
Interesting times for sure.
Bruce_Mcdonalds
3 weeks ago
I went ahead and checked John Brown's company car for ya (curiosity got the better of me), according to the 2021 annual report (released March 2022), and also the 2022 annual report (released March 2023):
The 2017 through 2020 car lease for John Brown was a 2017 LIncoln MKZ, $5000 down, $875/mo, it lasted 39 months through Nov 2020. That vehicle was returned to the car dealership with less than 80,000 miles on it (no extra charge for milage).
The new car lease was a 2020 Chevy Equinox. $1500 down and 39 months at $448 a month. Very cheap at half the price! I assume that lease expired 39 months later on March 2024, so we won't know about the new car lease until the 2024 annual report is out.
Bruce_Mcdonalds
3 weeks ago
The cost of the car lease for John Brown was listed in the annual report a few years back. It was about $5500 down and $850 a month for a 4 year lease, which was roughly a thousand a month consdiering the initial payment. It might have been a Lincoln Contential, but a Lincoln for sure. It would be easy to find (just search Lincoln on the past 4 or 5 years of annual reports), I'll find it for you if you really want me to post here, again. They told us the exact terms of the lease, but I don't think they mentioned the insurance for it. So maybe a little extra for that.
I assume Rob Dunn has taken the keys away from the 83 year old John Brown at this point, but I have no evidence of that. So, heck, John Brown might still be driving...