yes- Jan 6 spudding plus 150 days is ca June 6

yes- Jan 6 spudding plus 150 days is ca June 6

June 3 would be end of the extension I believe so they know they have some tight timing-I'm sure they want to show the appropriate Israeli ministries a reason to grant another 6 month extension- The annual stockholders meeting is ca June 12 if memory serves -in that time frame anyway

believe it was ca June last year they started speeding up the entire process- the 3d itself was done remarkedly quickly with no major problems- they've had a lot of time to process that info now

my guess as to the reason for the low pps- raising money via the DSPP program removes those buys from the market-so in a time where they directly transact with buyers the buy portion of the market buy sell ratio can be greatly diminished- which in turn exerts a large downward pressure on the pps

also they have frequently been emailing those on their email list reminding them of the 25 cent warrants that are part of the package of the unit program

warrants below market price tend to depress market price both psychologically and via exercise of those warrants-they extended the time to exercise for some previous warrants -which were to expire - for another 2 years

do or die -the culmination of 20 -21 years since Zion Oil was incorporated

so they finally have their own drill and their own indigenous drilling team-which gives them points in the eyes of the authorities

fortunately they appear to be in a quiet corner of Israel -unlike the more southerly portions of the West Bank and areas proximal to Gaza-and part of that relative calm results from the rural nature of their license area

your mention of proxy was probably a slip of the 'toungue' as I'm sure a brave soul like you knows I was quoting from the 10Q

thanks for your post -I'm so busy-the world has so many problems to solve-that its hard to expound on the issues if nobody is utilizing the board