Zion Oil and Gas Inc (QB) (ZNOG) News

That makes sense!

I'm not sure either Cool, but if I was guessing it could be that ZN is "attempting" to conserve money at this time.
Why lease a 20x30 Storage when you can get by with a 10x20.
Maybe ZN found enough Shale Oil in this spot and sees no further need into exploring others.
We have 200 questions that ZN will not answer, so we plod on.

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.

IRisky, I would love to provide you with a detailed analysis in response to your question but unfortunately, I have no clue.

Bruce.... I am more than elated that you are seeing some possible light at the end of this tunnel.
Thank you for your favorable response. I agree 1000% with you.
I am praying this is the answer to our prayers.

But I have a question for "anybody" that would have a comment on this:

Is it possible that MJ01 or MJ02 is a VENT HOLE ?

Any fluid that is needed to FLOW creates a vacuum or negative pressure as it flows from one location to another.
(I don't know what the physics law is called) i think it's Bernoulli's principle but not sure.

Bruce or you a Yes or No?

Bruce It may be the first time it is used in Israel. I sure hope it still works!

Who cares if it's new and improved or not as long as it works.

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.

YES votes way ahead!

Rob says they will be using Nitrogen and Micro-proppants this may be what makes the difference. By Christmas we should have an answer.

Yes, absolutely. Timing has to be right for comercial flow.

Yes, and he speaks clearly and can find his way off the drilling platform without getting lost or falling down. He has my vote.

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.

Ok good info… Zion has newer technology than that used in MJ02.

Just went back to the ASM.
I believe one of the Question and Answer
Question was could Zion go back into MJ2 and use the new technology and Rob said yes.

Yes, sounds like fracking.

It sounds as though they are for the first time
Going to implement the technologies etc.
From Zion site.
Drawing from our further geological understanding of the MJ-02 well and our MJ #1 well (which confirmed an active Petroleum system in MJ-01 in 2018), we're now planning to implement advanced technologies and innovative stimulation techniques. These new approaches will be utilized to potentially unlock both previously and newly identified zones of interest.

It would make more sense for him to retire before any big announcement so it doesn’t look suspicious if he sells?

Relax. John Seery is 79 years old.

Is the “new stimulation technology” actually fracking? Because I was thinking this “new” technology was used in MJ2. I guess my actual question is, is the technology to be used in the re-entry to MJ1 newer than that used in MJ2?

Soooooo, why did John Seery resign from the BOD if we are weeks away from discovering oil? Not a good look. And we are past due for a progress report.

Yes, I believe there’s lots of oil.

Now we’re getting back to what this board is intended for!
With recent advances in energy technology, oil reserves which were previously inaccessible and too expensive to extract are now being able to be developed. Zion Oil & Gas recently announced its interest in developing a large shale oil deposit 30 miles west of Jerusalem. These deposits comprise the 3rd largest shale oil reserve in the world and expect to yield 250-500 billion barrels of oil. Many experts believe that Israel has a volume of oil in this reserve and other undiscovered shale oil reserves equivalent to that of Saudi Arabia.
Licenses are granted subject to demonstrating capabilities such as financing ability, experience and reputation. Given the recent developments, Israel has been more stringent in what companies it gives licensing rights to, given the rapid increase in applications.

YES.... I believe that Israel has Oil and LOTS OF IT !!!!

If you care to look at this video.... it's an Hour long ..... go to 57:00 (if you don't want to watch the entire vid)

it says that Israel has just a "tad" less oil than Saudi Arabia.

Looks as if the YES vote is out to a early lead!

Yes and I also believe there are other 3D sites even better.

So as Simon says on AGT it’s a YES for me.
Two exploratory wells drilled a 2d and 3D survey. Zion reentering MJ1 not moving from that site. Israel giving Zion new lease. Also the are allowing the new stimulation technology which is fracking. The oil is there how much we don’t know but I think Zion and Israel has a pretty good assessment of what’s there .

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.

Yes, I believe wholeheartedly.

>

Commercial quantity, no.

Yes, it's there. How much? Unknown....got to withdraw it to do the math etc.


Yes.

Yes or No poll
Who believes the oil is there in MJ-1 it’s just a matter of retrieving it.

There is always room for opinions at the bar. Free expression over a few beers is the natural way to go. No need to use pronouns. Just straight and honest.
Aplauso!

Thank you. I remember Zion saying this.

Seems like MJ-1was plugged for re-entry anyway.
DALLAS and CAESAREA, Israel, Nov. 29, 2018 /PRNewswire/ -- Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that it is completing the final phase of plugging the Megiddo Jezreel #1 (MJ#1) well in accordance with the wishes of various Israeli government ministries to allow for re-entry for future water monitoring.

Bruce.... you are getting just wayyyy too sensitive. It's a common phrase.....If X is telling the truth.....truth be told.....ect ...etc...
And maybe ZN lied to prolong .... You don't know and I don't know. Trust but Verify.

But if I offended you .... my sincerest apologies...
but you have to remember the environment we are in right now.
This is Oil Stock and who knows what the truth is.

If it makes you feel any better.....I'll buy you a Beer.

Maybe ZION OIL lied, but I told you the truth. Go to 20:22 of the 1:01:44 Zion Oil informal part of the Annual Stockholders Meeting video on YOUTUBE, and start listening at "We have roughly six hundred and twenty five meters of cement down hole...".

Just because you don't like what I post is no reason to think I lie. The very fact that you may be offended by the truth just might indicate you're invested in the wrong stock.

I must have missed that post on the hole being plugged with so much concrete. So I would assume that his post was due diligently researched and he knows beyond a shadow of doubt that it was cased in such a manner.

But then, why is the company proceeding to re enter without such details being pronounced already?

Anyway, perhaps that is about to be explained more in detail on how they plan to proceed.
Wonder if this includes fracking. If so, I hope they frack it good.

A pre holiday update perhaps??? Let's hear something...from the company, not smart ass replies.

Same insider enrichment religious grifting affinity scam as before. Nothing new.

Monroe..... i dunno what is happening but if I was one of the Engineers on the rig..... and if Bruce is telling the truth about a 20"x200 meter plug....

I personally would NOT move the rig.....
I would directional drill the hole about 1500 ft down and then follow the hole to wherever .....

but that's just me.

Shuddup Bruce.

anyone know if the rig has been taken down and moved yet or recertifiication ongoing? Should be getting close to uprigging.

Last comment: The 13 Original Colonies that King George or Phillip (or whoever) sent over here were not really expected to succeed.
It was an Experiment by the King of England. And yet....here we are.
The MOST successful ....the most Powerful .....Country in the World. And I believe it's a Miracle.
America prospered so much that England needed America and the massive amount of Prosperity she generated.

10 Do not despise these small beginnings, for the Lord rejoices to see the work begin, to see the plumb line in Zerubbabel’s hand.”

Some of us have Faith enough......

Progie..... you might not have heard this before but .....

1) Noah started building an Ark and everybody laughed at him.
2) The Israelites were trapped against the Red Sea
3) Sarah had Isaac at 99 years old
4) Jesus feeding the 5000 with 3 fish and 5 loaves

It's called Faith. And some of us have alot of it here. Time will tell.

I have seen too many miracles not to trust Him.

Just checking in real quick. I still have all my original shares and still haven't purchased any new ones.

I was just curious after all the time that has passed what the conversations were looking like on the board these days.

Nothing new under the sun, I see.

I pray everyone is doing well otherwise.

Have a blessed day.

That's a knee slapper if I ever heard one.

You need to get out more.

Those cars have probably dripped more oil than all of ZNOG's wells have ever produced - combined!

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.

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...