Bruce_Mcdonalds
5 days ago
I always liked the six month delay in the siesmic testing due to rain excuse as pretty good (rainy seasons are six months apart in Israel, so they delay due to rains until the next rains!). But honorable mention would have to be the statement by the CEO in 2018, "weeks, not months". Yup, you guessed it, it was months.
But from this point on, they are shut down to Feb 2025, no more excuses required. This group is so forgiving.
Bruce_Mcdonalds
1 week ago
So they spent 21 months from the announced Dec 9 2022 plan, waiting then implementing what turned out to be a 3 month work-plan. The cost to keep the Dallas office open for those 21 months at $600,000 a month, doing nothing else, would be 12.6 million dollars. Now add in a few million for the cost of the contractors for the 3 months work. End result, they might start working again 1st quarter 2025 (add in 2.5 million dollar additional for keeping the Dallas office open). This is not opinion, just the facts.
Here is my opinion: It's not like Zion Oil has no history. This wasn't a good deal for investors. Zion Oil has never been a good deal for investors. Something wrong with the education of people these days to so easily fall for this kind of idiocy.
Now, go ahead, post you're going to wait another six months to hear the results. Good for you, maybe you will learn something. But you're paying a premium price for your educaton.
WebSlinger
1 week ago
September 11, 2024
Dear Zion Shareholders and Supporters,
We want to give you an update on the current status of our MJ-01 re-completion project. Our operations have recently faced significant delays due to an unforeseen combination of downhole challenges, logistical constraints, and geopolitical factors.
Not surprisingly, after six years of inactivity in a well over three miles deep, the MJ-01 wellbore presents a challenging environment. One major delay that has arisen is our drill pipe separated and a section of it (the "fish") dropped near the bottom of the hole. This is not an uncommon occurrence with oil and gas drilling operations, but we do need to recover the fish to resume operations. The specialized tools we need are not in Israel, but we believe we have located all of them, which then will need to be shipped to Israel, clear Israeli customs, and be transported to our rig site.
Another delay arose out of the logistical challenges we face. The ongoing conflict in the region has impacted shipping routes, the timely arrival of necessary equipment, and created travel difficulties for our rig crews. Our operations require specialized rig crews who are not available in Israel.
Our rig crews, largely from Hungary and Romania, have worked on our I-35 rig since its manufacture and are very knowledgeable and efficient with its operation. Nevertheless, it is physically demanding and dangerous work, which normally requires shifts of crews alternating from the rig site to home and back to avoid physical and mental fatigue, which can lead to accidents and injuries. Due to our logistical issues, some of our crew members have already been on-site for 80 consecutive days, which poses a heightened safety risk. We, however, have been blessed with no accidents or injuries to date!
An even further delay has been created by many of our rig crew members reaching the limit of their work visas. This requires us to reset visas, which is not a simple process, and it adds another layer of delay and complexity.
We are also mindful of the significance of several upcoming dates in October. The one-year anniversary of the October 7th attacks marks a particularly sensitive period, especially given the ongoing war being fought on several fronts, and the emotional weight this date carries for Israel, alongside the High Holy Days of Rosh HaShanah (Feast of Trumpets), Yom Kippur, (Day of Atonement), Sukkot (Feast of Tabernacles), and Simchat Torah (Celebration of the yearly restart of the reading of the Torah β the first five books of the Bible).
In light of the combination of downhole, logistical, and crew challenges, as well as holidays, and the one-year remembrance of October 7, we have temporarily paused active operations. This is a necessary step to ensure the safety of our personnel and the integrity of the wellbore. We anticipate that once we have the necessary tools and renewed visas for our crews, we can resume operations in Q4 2024. This is, of course, all subject to the realities of the present geopolitical environment. The conflict in Israel, while not directly impacting our operations on a daily basis, creates uncertainties that could affect our schedule at any time.
We remain optimistic that we can resolve our current issues, and we remain committed to moving our project forward as quickly and safely as possible. We will continue to provide updates as new, significant developments arise.
Thank you for your prayers and continued support during this phase of the project.
Robert Dunn
CEO
Monty Kness
COO & Exec VP
WebSlinger
2 weeks ago
>
If bitcoin is a part of the mark of the beast, the Bible seems to indicate that you won't have a choice.
"He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name."
Luckily, we all don't have to invest in ZNOG. :)
Bruce_Mcdonalds
3 weeks ago
Zion Oil as a Prophecy for profit stock: looking back to the year 2010, there were two major Biblical prophecies going around at that time for which people might have been interested in investing, to try to gain riches based on the prophecies in the Bible. The first would be the Oil Prophecies, and investing $10 in Zion Oil stock would have been one way to do that. If you invested $10 in Zion Oil stock (to buy 1 share), today that stock would be worth... 5 cents. The other major prophecy going around in 2010 was the Mark of the Beast. For prophecy guru's, it should have been clear, and should have been known, the new BitCoin they were seeing, that had to be the number one precursor to the Biblical Mark of the Beast. If you invested $10 in bit coins at the end of 2010 (to buy 25 coins), today that $10 would be worth $1 million! Boy, did we all ever make a stupid decision, or what?
rich2
4 weeks ago
What do you believe ? "As you have believed, so be it"
Every once in awhile, in approving medicines, some one that got the placebo gets healed. They believed that the sugar pill was real medicine that will help them.
I believe that this has been a very long time for assistance, and He who is never late, will bless Israel with oil, regardless if many nations will hinder Israel getting oil.
WebSlinger
1 month ago
That article has nothing to do with ZNOG. It is about shorters being squeezed out of their positions, thus raising the stock price. ZNOG doesn't even have options.
In addition, the article doesn't know what the hell it is talking about. The main reason that GME went sky high was because it used a fairly unknown strategy of buying Call options as a way of forcing brokerages to buy more shares (in order to cover the options in case they were exercised, since each option controls 100 shares). In other words, when Roaring Kitty bought 2,000 options, he effectively controlled 200,000 shares. If enough shares were not available, then that forced brokerages to buy shares a higher price, which then forced brokerages to do a margin call on shorters to buy back shares, which then forced the share price even higher. This caused a domino effect, which in turn brought in the retail masses, which forced the share price even higher.
Bruce_Mcdonalds
1 month ago
As I mentioned before, white hats are management. IPM Solutions is a management/engineering firm. The fact is, the photo I looked at showed the crew without uniform, with some of the crew in their undershirts, with the white undershirt(s) dirty from working the site. You don't work a construction site in your undershirt with no covering at all. Add in no hard hats for the crew (except management) and that kind of supervision is going to get someone killed. Something is wrong there, and you can't see it.