"12.502 mil were raised via DSPP program jan1 t

"12.502 mil were raised via DSPP program jan1 to june 30 and
Note 9 - Subsequent Events
(i) Approximately $6,400,000 was collected through the Company’s DSPP program during the period July 1 through August 7, 2020."

for total raised thus yr of 18.902 M against expenditures of only:

"During the six months ended June 30, 2020, cash used in operating activities totaled $2,956,000. Cash provided by financing activities during the six months ended June 30, 2020 was $12,500,000 and is primarily attributable to proceeds received from the Dividend Reinvestment and Stock Purchase Plan (the “DSPP” or “Plan”). Net cash used in investing activities was $5,139,000 for the six months ended June 30, 2020. This was primarily the result of the purchase of the drilling rig, equipment and inventory totaling $4,600,000."


'At June 30, 2020, we had approximately $8,288,000 in cash and cash equivalents compared to $4,845,000 at December 31, 2019, which does not include any restricted funds. Our working capital (current assets minus current liabilities) was $6,543,000 at June 30, 2020 and $5,012,000 at December 31, 2019."

and Leaving a healthy current ratio of 2.49-consisting of CA (current assets) of 10.96M against only 4.4M current liabilities CL- (though they note some of that is restricted for required bond assurance as per israeli oil regs and i think for escrow for drill rig), some of which are new, making oil exploration onshore more expensive and regulated every year, which, along with delays due to the global pandemic give zn reasons for force majeure to extend the license- if force majeure applies to the oil industry in the same manner as it applies elsewhere

i didnt see the latest govt approved work program which is noted in the latest PR, which as i noted before is a tacit if not open govt recognition of extension of activities past the dec 2 license end

ZN did not comment on this either in the PR or the 10Q-so its probably being reserved til further down the line
once rig equipment and personnel are onshore israel- delayed by govt regs etc due to pandemic-
and once a commercial field is determined by govt satisfaction either by way of submitted 3d reports to israel or by way of the drill accessing such field israel would convert the license to i think its a 30 yr lease renewable for another xx years as i've noted before