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  4. Zion Oil & Gas, Inc. (ZNOG) Message Board

as of 6-30 the date reflected in the 10Q Current l

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Post# of 1037
(Total Views: 303)
Posted On: 08/12/2023 2:47:11 AM
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Posted By: microcaps
Re: microcaps #966
as of 6-30 the date reflected in the 10Q Current liabilities slightly exceeded current assets
Note 7 - Subsequent Events

(i) Approximately $921,000 was collected through the Company’s DSPP program during the period July 1 through August 8, 2023.



ZNOG's choice to continue on this path-assuming they acquire the new license they are seeking - which would give them a NEW further 7yr exploration license
(the extensions on the old license have run out but as they said in 10q initial preliminary administrative approvals have been given- and due to the changing political parties in control months went by before license activity could resume)

which limits new long buyers-especially those with money who dont understand (because their brokers know nothing about these things) or wont participate in stocks w such a low pps and OTCQX (and otcqb if min bid price remains below 10c) believe the new technology perforation methods in mj1 will result in success.

to begin in 3rd quarter? and take an estimated 3 months


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