another post deleted by basher board-anything abou
Post# of 1012
kyoil and tisdale etc have stated they think the company is testing every 1 of the 5 zones-this would be in line w Zions stated purposes below
an earlier PR said BASIC testing would take 7-10 days/zone plus more if etc if testing was required
due to sabbath as tisdale originally posted a long time ago they probably started testing june 23 or 24
they combined the 2 first such zones for such testing as explained further by kyoil etc
so that leaves 4 total zones- due to combining 2 zones for testing purposes
the 3 primary zones" at a minimum" then would take 14-20 days
(2 zones combined)-assuming their 7-10 days includes sabbath-if not then longer
BASIC testing all 4 zones(2 combined)takes 28-40 days
plus ordinary mechanical delays which may have been factored into the stated timelines
1 email shared on this board from ir said their had been minor mechanical delays of the ordinary kind but they could now see light at the end of the tunnel and said thus operational updates were not expected at that time but implied would thus issue substantive update at the end of the light in the tunnel
people can research the date of that email as i researched the to paraphrase "management is excited and exuberant email"-u would think somebody would amidst the morass we've been thru on this board-wish i were paid for posting
most officers are not aware of the intricacies of the saturated fraud of the market-it took me time to ascertain the endless issues and manipulations- i didnt want to spend 1000's of hours on those issues,esp since i had no interest in the fraudulent market whatsoever-but thats the price u pay to play this game
seemingly every good stock i've been has seen those manipulations we've witnessed since july 11 announcement of sec fact finding
of course preceded by shorters antics /complaints which led to that fact finding as explained by jryan etc
so management has never been thru this level of stock manipulation game play and they are probably frustrated with the same just like stock holders
it is crafter bashers job to convince longs that all these problems caused by shorter basher game players are the companies fault-those who engage those players without the tools and discernment re what they are doing and thus believe 1 or more of those those multilevel lies/ hidden curses are captured by the adversary which is the ultimate purpose-sow doubt and false blame to steal kill destroy
technically the clock was restarted by the june 19 restatement of weeks not months though i certainly have expected PR by aug 5 like others
remember 10Q due Aug 15
but if they finish testing of all now 4 zones (2 combined)it could take longer
i hope mgmt recognizes that in the midst of this new level of game play that facilitating the PR is also a laudatory goal to cut short these fraudulent games,including by hedge funds etc who will hire people to sow doubt so they can get more cheap shares
the last PR:
News
Zion Oil & Gas Operational Update on Megiddo-Jezreel #1 Well in Israel
Zion to commence testing expanded zone of interest
DALLAS and CAESAREA, Israel, June 19, 2018 /PRNewswire/ -- Zion Oil & Gas, Inc. (NASDAQ: ZN) announces that it expects to commence perforation, stimulation and flow back operations on multiple stages of its Megiddo-Jezreel #1 (MJ #1) well as early as June 21, 2018.
https://mma.prnewswire.com/media/537876/Zion_...s_Logo.jpg
Zion's President and Chief Operations Officer, Dustin Guinn, explains Zion's current testing operations, "As I have mentioned in previous announcements, the next two zones, the second and third primary testing objectives, are key zones of interest.
"We had originally planned to test the zones independent of one another, but both the proximity of the zones and downhole condition considerations have led us to change our strategy and combine these zones to test them simultaneously.
"While it has added a few days to properly plan for the logistics of this change with our service providers, we believe that these changes will provide the best opportunity for success in two of the zones that from a log analysis perspective identify some of the most encouraging criteria for production.
"Barring any unforeseen mechanical issues, we expect to complete the perforation and stimulation next week, after which we will monitor the well before proceeding to additional zones of interest.
"We recognize the keen interest in the MJ #1 well from not only our shareholders and the various Israeli regulatory agencies, but from many people who simply have strong feelings about Israel.
"As such, we treat this project with the utmost diligence, balancing a sense of urgency for results while continuing to insist on a zero tolerance policy regarding health, safety, security and environmental incidents.
"Management's job is to provide long-term shareholder growth. Ultimately, that's by finding and producing commercial amounts of oil and/or natural gas. Releasing partial or incomplete testing result information only drives short term speculation which is harmful to our long-term shareholders.
"Therefore, we will not be releasing any information, other than operational updates, until we have concluded the initial testing and analyzed the results of the primary targets at a minimum.
" This should take weeks, not months, unless unexpected mechanical issues arise .
"We want to continue to thank all of our loyal shareholders who have made this project a reality and ask that you continue to pray for success and safety in helping Israel become energy independent, giving Zion a huge platform to share the gospel of Jesus Christ."
"I have heard your prayer and your petition that you made before Me …"
1 Kings 9:3
"….The LORD has broken through my enemies before me, like a breakthrough of water"
2 Samuel 5:20
FORWARD-LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion's planned operations, anticipated attributes of geological strata being drilled or tested, the presence or recoverability of hydrocarbons, operational risks in testing and well completion, timing and potential results thereof and plans contingent thereon are forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion's periodic reports filed with the SEC and are beyond Zion's control. These risks could cause Zion's actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
Contact Info:
Zion Oil & Gas, Inc. (NASDAQ: ZN)
12655 North Central Expressway, Suite 1000, Dallas, TX 75243
Andrew Summey
Telephone: 888-891-9466
Email: andrew.summey@zionoil.com
www.zionoil.com