ca 6M CA vs ca 4M CL
highest Total assets I've seen ca 72M- no impairments-means the well is still in play as of sept 30-end of 3rd qtr
Significant share dilution- up to ca 484?M shares
rather than r/s they chose to raise AS from 400 to 800M at last stockholders meeting in June-which discourages previous shareholders at $2 to plus $7 dollars/share while encouraging new share purchases (except by some big boys who won't buy shares this cheap)
I surmise partly bc they expected to show value before next stockholders meeting in june 2023- but of course delays are the norm as with excessive water at one level
18141 ft depth with 6 inch diameter pipe vs ca 16600 ft depth previous well at 3.5 inch pipe at depth
no impairments this qtr and no litigation
Currently, the Company has no economically recoverable reserves and no amortization base. The Company’s unproved oil and gas properties consist of capitalized exploration costs of $59,169,000 and $46,950,000 as of September 30, 2022 and December 31, 2021, respectively.
Israel has a messy 354 day/yr lunar calendar which requires the introduction of
an intercalary 13th month 6 times every 19 years-which without looking at their calendar resulted in the fall High Holy Days festivals-including 4 High Sabbaths during which no work is allowed- to be mostly in October-as 10q says- this year rather than sept and oct
next festival- post bible days but not 325 A.D.post council of Nicea- is Hannukah beginning Dec 18th-the festival of lights
hopefully we will see more light (despite the northern hemisphere season -
Netanyahu was re-elected -defying the odds - though his re-election was prophesied by some- and Bibi is pro-oil
both bibi and trump faced the same tactics by opponents - find a way to criminalize them so they could not hold office-shows the fear Belial has of His anointed
prophecies indicate Baals usa followers deceptions will be exposed before His anointed -as rough edged as he still is- can become falsely criminalized
highest Total assets I've seen ca 72M- no impairments-means the well is still in play as of sept 30-end of 3rd qtr
Significant share dilution- up to ca 484?M shares
rather than r/s they chose to raise AS from 400 to 800M at last stockholders meeting in June-which discourages previous shareholders at $2 to plus $7 dollars/share while encouraging new share purchases (except by some big boys who won't buy shares this cheap)
I surmise partly bc they expected to show value before next stockholders meeting in june 2023- but of course delays are the norm as with excessive water at one level
18141 ft depth with 6 inch diameter pipe vs ca 16600 ft depth previous well at 3.5 inch pipe at depth
no impairments this qtr and no litigation
Currently, the Company has no economically recoverable reserves and no amortization base. The Company’s unproved oil and gas properties consist of capitalized exploration costs of $59,169,000 and $46,950,000 as of September 30, 2022 and December 31, 2021, respectively.
Israel has a messy 354 day/yr lunar calendar which requires the introduction of
an intercalary 13th month 6 times every 19 years-which without looking at their calendar resulted in the fall High Holy Days festivals-including 4 High Sabbaths during which no work is allowed- to be mostly in October-as 10q says- this year rather than sept and oct
next festival- post bible days but not 325 A.D.post council of Nicea- is Hannukah beginning Dec 18th-the festival of lights
hopefully we will see more light (despite the northern hemisphere season -
Netanyahu was re-elected -defying the odds - though his re-election was prophesied by some- and Bibi is pro-oil
both bibi and trump faced the same tactics by opponents - find a way to criminalize them so they could not hold office-shows the fear Belial has of His anointed
prophecies indicate Baals usa followers deceptions will be exposed before His anointed -as rough edged as he still is- can become falsely criminalized
1
