ZN has posted the 3d costs at least twice that
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Posted On: 05/16/2019 4:09:53 AM
ZN has posted the 3d costs at least twice
that cost over a year totals 10M
of that 6M is for ZN's costs for a year
that is a 60% ratio, not 75%
and that is bc in total ZN provides the conditions and does the preliminary survey work,some work simultaneous w the survey,and post-survey survey work
except for the actual 3d survey,ZN does pretty much everything else re the 3d survey, as can be surmised from the ff:
from p.6 of the recent schedule 14A-emphasis added
"The Company has commenced preliminary scouting and survey design [which design has now been finalized- my editorial] to help identify the geologic boundaries of the proposed 3D seismic survey.
Additionally, Zion held initial meetings with potential vendors to aid in the 3D seismic planning and acquisition process.
Once the survey design and surface layout are completed, Zion intends to acquire the necessary government permits and negotiate potential surface damages to crops, irrigation piping, and other surface features. Zion believes it will be necessary to import seismic source equipment and autonomous wireless geophones (to record the signal) to acquire the 3D data. Once data acquisition is completed, interpretation is the final step and will involve integration with, and modification of, previous work by Zion technical staff. Zion’s ability to fully undertake all of these aforementioned activities is subject to raising the needed capital, of which no assurance can be provided."
that cost over a year totals 10M
of that 6M is for ZN's costs for a year
that is a 60% ratio, not 75%
and that is bc in total ZN provides the conditions and does the preliminary survey work,some work simultaneous w the survey,and post-survey survey work
except for the actual 3d survey,ZN does pretty much everything else re the 3d survey, as can be surmised from the ff:
from p.6 of the recent schedule 14A-emphasis added
"The Company has commenced preliminary scouting and survey design [which design has now been finalized- my editorial] to help identify the geologic boundaries of the proposed 3D seismic survey.
Additionally, Zion held initial meetings with potential vendors to aid in the 3D seismic planning and acquisition process.
Once the survey design and surface layout are completed, Zion intends to acquire the necessary government permits and negotiate potential surface damages to crops, irrigation piping, and other surface features. Zion believes it will be necessary to import seismic source equipment and autonomous wireless geophones (to record the signal) to acquire the 3D data. Once data acquisition is completed, interpretation is the final step and will involve integration with, and modification of, previous work by Zion technical staff. Zion’s ability to fully undertake all of these aforementioned activities is subject to raising the needed capital, of which no assurance can be provided."
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