Use access key #2 to skip to page content.

Tastylunch (30.02)

The Mystery of Zion Oil & Gas (ZN) : PDO part 2

Recs

24

February 25, 2009 – Comments (33) | RELATED TICKERS: ZN

Tasty Trash senses tingling....

Many CAPS players probably remember the moonshot stock of last summer Pyramid Oil. For those who don't It spiked up about 1000% then dropped about 90% in the space of a couple months.

Well it looks we may have another one our hands possibly in the making

Some stock called Zion Oil & Gas has been rocketing the past month or so on virtually no news

It looks like the player I dub the CAPS Master of SmallCaps, BravoBevo (Bravo is the undisputed king at playing the small guys, good and bad, but especially the bad ones. The dude has mad talent) has found a real wonder here

Zion Oil as best as I can tell is a would be Israeli (run by Americans) Oil exploration company.  Good for them, there's nothing wrong with that, you have to start somewhere.

To date they haven't found a barrel yet (supposedly they are just getting underway now with their first serious look) and has the ever popular Going Concern warning among exploration companies. They are also offering stock at 5.00 per share (probably to you know, continue to be  a going concern)

http://idea.sec.gov/Archives/edgar/data/1131312/000114420409004072/v138214_s3.htm

all of which might make you wonder why the company's stock has done this.

Yeah me too

Their latest 8k seems to sort of provide a reason...

 http://idea.sec.gov/Archives/edgar/data/1131312/000114420409010659/v141197_8k.htm

" On February 24, 2009, Richard Rinberg, the Chief Executive Officer of Zion Oil & Gas, Inc. (the "Company") began to send a letter to the Company's shareholders and other persons listed on the Company’s database addressing recent developments. A copy of such letter is attached to this report as Exhibit 99.1. "

 Began to send a letter? what he didn't finish? That seems well a little.... odd. I suppose it could just be some arcane SEC formality to phrase it that way. The thrust of the (unfinished?) letter however was this.


" (1) Today, February 24, 2009, Zion submitted an application to Israel’s Oil Commissioner requesting the grant of a preliminary permit for approximately 245,000 acres in the area that was within Issachar’s and Zebulun’s biblical tribal areas. The requested permit area is to the East of our Asher-Menashe license area; you can see the location on the map diagram below. If granted, it would increase our total license area to over 400,000 acres. "

http://idea.sec.gov/Archives/edgar/data/1131312/000114420409010659/graphic.jpg

Basically the dudes maybe will get the right to maybe find some oil on more land. Well that's good I guess.

So  let me get this straight, they are selling stock at less than 1/3 of current market price, they haven't found anything yet and have barely started looking, they have a going concern warning and now they maybe will have the right to maybe find oil in more places.

Not lookin' good here fellas

But wait there's more!

take a load of their corporate history/vision

http://media.zionoil.com/2008/09/the_vision_by_john_brown.pdf

" Yet, there is an “ANSWER”, and it is found in the most “overlooked” source of geological information available to mankind today
... the Bible!

The archaeologists have found the Bible to be their unerring guide to hidden treasures ... Why cannot the geologists
utilize the same “tool” to find this oil?

So we searched the Bible and found numerous occasions where, I believe, the Bible in describing the division of the Land of Israel
among the sons of Jacob - commencing in Genesis (Chapter 49) when Jacob on his deathbed summons His sons and says “Gather yourselves together, that I might tell you that which shall befall you in the LAST DAYS” (Genesis 49:1) and concluding in Deuteronomy
(Chapters 32 and 33) with Moses’ song of praise of G-d and his blessings of the twelve tribes as G-d prepares him to view the
“Promised Land” which HE had given to HIS chosen “Children of Israel” - makes direct reference to the existence of OIL in Israel. "

Holeee Cow, wow just wow I really don't know what to say to that.

Now I respect faith quite a lot.Several of my cousins are Catholic priests. I've personally seen the tremendous effects faith can have on people's lives And there's nothing wrong with passionately religious men and women creating businesses.

But I sure as heck don't want to invest with someone who believes G-d gave him scripture to find Oil in Israel. Chances are they aren't going to be truly objective about the propsects of actually finding meaningful amounts of oil...

To use the Bible as a tool to find Oil, really seems very impractical to say the least. Perhaps they will find oil, chances are they won't if that's their primary methodlogy.Their promotional material really kinda skirtover anything meaningful geological discussion so it;s ahrd to judge if the religious aspect is more a sales pitch or the actual methodology.

To potentially complicate matters the company isn't remotely Jewish. I have a very hard time imagining that if ZN does find a ton of Oil that the Israeli government is just going to let American Christians just have it free and clear when it could be potentially vital to their national security. Plus the Israelis have been looking themselves for how long now?

 Oh my goodness what a crazy crazy company. I fear this will end very badly for Zion Oil which at a minimum is badly overvalued for its current prospects  but who know where it can go in the meantime.The volume and price spike has crazy momo written all over it.

Be careful if you try to redthumb this, a spiker like this can run a lot longer and bigger than you think.

Careful investing to all.

Disclosure: I have no position in Zion at this time, nor have I ever. I reserve the right to do so in the future if I feel like it. The opinions stated in the blog above are most definitely not investment advice and are only mentioned for discussion puposes only.

33 Comments – Post Your Own

#1) On February 25, 2009 at 1:42 AM, Tastylunch (30.02) wrote:

these guys have gotten quite a bt of media play over the years it seems

Report this comment
#2) On February 25, 2009 at 1:59 AM, Tastylunch (30.02) wrote:

to let them have them say, here is Zion Oil's own promotional videos

Report this comment
#3) On February 25, 2009 at 2:15 AM, PrestonCheek (37.74) wrote:

Tasty, is it possible that the government can get behind a company over there.

Great research by the way.

Report this comment
#4) On February 25, 2009 at 2:22 AM, Tastylunch (30.02) wrote:

PrestonCheek

thanks

Perhaps I didn't state my thought very well. What I meant was I think the gov't of Israel gave them the rights only because they don't expect them to find anything. If Zion does find a lrage amount of oil I would expect Israel to possibly seize or renegotiate the terms...

With their national security issues I can't imagine Israel would let such a valuable resource be completely controlled by foreigners whether the foreigners mean to aid Israel or not.

Still that is just complete speculation, although I think it's a reasonable guess. I bring it up mainly to point out a  potential risk to ZN investors.

Report this comment
#5) On February 25, 2009 at 2:22 AM, awallejr (84.46) wrote:

If I recall PDO spiked so high because of some "misleading" blogs about reserves, making a "typo of "millions" instead of "thousands."

Report this comment
#6) On February 25, 2009 at 2:27 AM, Tastylunch (30.02) wrote:

awallejr

hah that would do it.I knew there was a lot of PDO pumpage, but really once it got movin, the momo crowd pushed it up to the stratosphere.

what is similiar here is the chart pattern not necessarily the same catalyst.

I probably should have made that more explicit. 

Report this comment
#7) On February 25, 2009 at 4:02 AM, PrestonCheek (37.74) wrote:

Tasty my computer is acting up and I couldn't download most of your stuff, thanks for the extra info.

And thanks for the warning.

Preston

Report this comment
#8) On February 25, 2009 at 4:54 AM, TMFCop (90.16) wrote:

Tastylunch,

Just a tip of the hat to a job well done on digging deeper into a stock. This blog post has all three components of the Foolish motto: educate, amuse, enrich. All investors should do half as much when considering an investment.

Rich 

Report this comment
#9) On February 25, 2009 at 7:13 AM, JakilaTheHun (99.93) wrote:

I'm guessing the reason this spiked was because of the major gas find in Israel in late January.  Isramco was one of the major beneficiaries of that find and its stock spiked tremendously:

http://finance.yahoo.com/news/Isramco-Inc-Reports-prnews-14105089.html

I don't think this company had anything to do with that find, mind you --- my guess is that this is the market speculating that there's more gas to be found. 

Report this comment
#10) On February 25, 2009 at 7:14 AM, JakilaTheHun (99.93) wrote:

Good research, btw.  I might look into this a little bit if I get a chance.

Report this comment
#11) On February 25, 2009 at 7:28 AM, Gemini846 (97.02) wrote:

Good Find. An Old Israeli joke is that God took them to the only place in the middle east w/ no Oil.

Report this comment
#12) On February 25, 2009 at 8:33 AM, Mary953 (75.16) wrote:

Tasty,

Would you believe that I had a short list of about 4 stocks I was going to ask you about?  The top of the list (because it was oil) was Zion.  Number 1 off the list.

I put in a close on OCENY to take some points on Mon. night.  Tues when it opened, it started falling.  Instead of taking about 20 I lost 2 or 3 - better than the later cliff it fell from.  Another good call

Mary

Report this comment
#13) On February 25, 2009 at 8:52 AM, binve (29.35) wrote:

Ahhhh, PDO. Good old Pyramid Oil. Your pitch for that one was perfect. Classic pump and dump.

Report this comment
#14) On February 25, 2009 at 8:56 AM, EggplantWizard (99.79) wrote:

I have happily red-thumbed ZN, and am confident (unless by some improbable series of events, they find oil), that I will eventually win on the pick. I actually requested that it be added to CAPS for this purpose.

 In the meantime, I may have -200, -1000 or more points, but in the long run, I'll be in the green on this one.

Report this comment
#15) On February 25, 2009 at 9:05 AM, watchinout (89.53) wrote:

Egg - Why not green thumb it for a bit, collect those points, and then red thumb it?

Report this comment
#16) On February 25, 2009 at 9:35 AM, tppress (< 20) wrote:

Tasty - you may want to do a little more research.

You say: "To date they haven't found a barrel yet (supposedly they are just getting underway now with their first serious look)"

Zion Oil & Gas, Inc. has been in business since 2000; the same year they were awarded their first exploration license by the state of Israel. They drilled their first well in Israel, the Ma'anit #1, in 2005 - as a private company using private money, most of it from the officers and board members, not small cap investors. Zion went public in 2007. Between 2005 and 2007 Zion conducted extensive exploration and testing in northern Israel, including the largest seismic survey in recent years in that country.

You say: "They are also offering stock at 5.00 per share (probably to you know, continue to be  a going concern)"

No they're not. Zion has applied for a subscription offering to their existing stockholders that will allow them to purchase (3) additional shares at $5.00 for every (7) shares they already own. Again the subscription offering will be for existing shareholder only.

You say: "To potentially complicate matters the company isn't remotely Jewish. I have a very hard time imagining that if ZN does find a ton of Oil that the Israeli government is just going to let American Christians just have it free and clear when it could be potentially vital to their national security."

Richard Rinberg, Zion's CEO, is an orthodox Jew and an Israeli citizen. About half the board and managers are Jewish. The state of Israel is a real live democracy with honest to goodness laws. They honor their licenses and obligations to multi-nationals at least as well as we do. I'm not positive who you're trying to offend with this statement; Jewish people or the Israeli government.

You say: "But I sure as heck don't want to invest with someone who believes G-d gave him scripture to find Oil in Israel. Chances are they aren't going to be truly objective about the propsects of actually finding meaningful amounts of oil..."

This seems to be the part that just kinda sticks in your craw, doesn't it? Would it be easier for you if he (Zion founder John Brown) read tea leaves. Brown has been on this quest for 25 years; Bible passages inspired him to begin it. When there wasn't any geologic proof everyone flagged him as a religious nut. Now that the geologic proof is overwhelming, the 'religious nut' defense is starting to sound a little lame. How about after they've discovered the oil? Will Zion proving what they've believed all along prove anything to those who refuse to believe anything? Probably not ... oh well.

Here are three great resources if you really, truly want to know the story of Zion Oil. 1) the SEC filings 2) Zion's website 3) the book "Breaking the Treasure Code: the Hunt for Israel's Oil" by yours truly (my father started this rigamarol back in 1981). You probably already know how to contact the SEC; the other two sources are easy to find using your favorite search engine.

Best Regards,

Steve Spillman (another one of those religious nuts)

Report this comment
#17) On February 25, 2009 at 9:57 AM, Paxtor (29.71) wrote:

Looks like the big crash is here already for ZN...

 

And tastylunch, your comments seem to have attracted a new CAPS member. Welcome tppress!

Report this comment
#18) On February 25, 2009 at 10:14 AM, JakilaTheHun (99.93) wrote:

I was kinda neutral on this one before, but this bizarre reply by Mr. Spillman almost tempts me to red thumb this.  Isramco's (ISRL) earlier find has certainly improved ZN's prospects, but Spillman's response seems to reinforce the religious nut aspect behind this.  His book was apparently even endorsed by Joseph Farrah --- which is sort of like having your book endorsed by David Duke if you ask me.  Farrah is a hatemonger and fanatical apocalyptic Zionist nutcase. 

I still haven't researched Zion Oil, but even if they do find oil eventually, there's a pretty good chance they are destined for a short-term pullback.  This bounce seems to be more about Isramco and the recent Israeli gas find more than anything. 

Report this comment
#19) On February 25, 2009 at 10:29 AM, anchak (99.85) wrote:

Oh my! Actually Zion came up on my screen also - and I saw Bravo green thumbing them - so I was actually wondering whether they were a legitimate concern!

Outstanding research as usual!

And Zion is down big today

Report this comment
#20) On February 25, 2009 at 11:52 AM, rocksnot (30.01) wrote:

Tasty, have you considered that maybe ZN really know what they are doing, but just claim the religious stuff to draw in investors?  The VAST majority of people in the world are religious, and doing things in the name of gods has shown over and over again to be a big money maker.  It's a proven business model to tie faith to your business.

Remember, the Bible says, "Now faith is the substance of things hoped for, the evidence of things not seen."  Now I ask you, even if you are the most athiestic of CEO's, who do you want for investors?  You want religious people, who will have hope in abundance, and if you successfully tie your company to their religion, you will receive investor support even in "the evidence of things not seen."  If you can maintain the religious ties, those investors will have faith in your company, no matter how bad it may look.

It's just good business.

Report this comment
#21) On February 25, 2009 at 1:29 PM, Tastylunch (30.02) wrote:

TMFCop

Thanks, glad it was of use to you

TheHuney 

ah that would make sense. Sympathy play then gone a little parabolic

factor that and the work they started last month coudl generate a lot of froth.

Gemini846

thanks

Mary953

cool glad I helped you out.

binve

Haha thanks man . :)

EggplantWizard

Yup you are the top dog, I recc'ed you pitch it was very good. looks like I'm late I'lll probbaly hold off making a pick at all on it

watchinout

Some guys are good at that, but if you are sure of the long term direction than you can lessen you risk by pikcing that way. As evidenced by this morning.

anchak

Hah figured it would, we mine from the same wells a lot. :) Thanks for the kudos and dude you your CAPs score has been just tearing it up lately.

rocksnot

Yes I did consider that and you are right it does make for a very compelling sales picth to a lot of Americans. Certianly it also helps to loyal longterm investors instead of traders.

Still the big money investors don't typically invest that way and eventually you have to produce financial and geological evidence to convince mutual funds etc to stay on board .

So yes it can be a very valuable part of your stratey but it better not be the sole strategy. Just ask Left Behind Games how that worked out.

Report this comment
#22) On February 25, 2009 at 4:15 PM, Tastylunch (30.02) wrote:

tppress

(I'll put your words in italics and respond in normal text)

First all thanks for stopping by and voicing your thoughts.

 They drilled their first well in Israel, the Ma'anit #1, in 2005 - as a private company using private money, most of it from the officers and board members, not small cap investors. Zion went public in 2007. Between 2005 and 2007 Zion conducted extensive exploration and testing in northern Israel, including the largest seismic survey in recent years in that country.

Zion still has no proven reserves correct?Well that isn't necessarily a dealbreaker as I wouldn't expect Zion to at this point

at any rate

this is what zionoil.com says

 "In 2005, Zion drilled the Ma’anit #1 well on the Ma’anit structure in the Joseph License area. Drilling breaks and shows of hydrocarbons were recorded from 12,000 to the total depth of 15,500 feet. Due to mechanical problems that prevented the company from isolating highly conductive water bearing zones from the tighter hydrocarbon bearing formations, the shows were never successfully tested and the well was abandoned in June 2007.

The Ma’anit structure encompasses 7,400 acres and, compared to any other well in Northern Israel, the top of Triassic is over 1,600 feet higher, i.e. closer to the surface."

 In other words the results sounded inconclusive to me as to how much is actually there. Now it may be that you are right, but you haven't proved it yet.

Perhaps I missed it but I couldn't locate the reuslts of seismic surveys.

No they're not. Zion has applied for a subscription offering to their existing stockholders that will allow them to purchase (3) additional shares at $5.00 for every (7) shares they already own. Again the subscription offering will be for existing shareholder only.

So how is that not selling stock at sub market prices? It's nice Zion is giving its investors equivalently a chance to buy shares, but a porspective shareholder who doesn't hold a stake and might be considering would have to wonder why you would do that when it's dilutive to all shareholders.

I notice you didn't deny the going concern issue.

Richard Rinberg, Zion's CEO, is an orthodox Jew and an Israeli citizen. About half the board and managers are Jewish. The state of Israel is a real live democracy with honest to goodness laws. They honor their licenses and obligations to multi-nationals at least as well as we do. I'm not positive who you're trying to offend with this statement; Jewish people or the Israeli government.

fair enough, I wasn't aware that your executive team ws comprised that way. That's a good decision on Zion's part to include Israelis on the board.

I wasn't trying to offend anyone just was pointing out the possibility that something of that potential value could be at risk of seizure by a desperate country that's constantly in peril when said asset held largely by outsiders. It's not an intended slight to the Israeli gov't, it's just a recognition that the possibility culd be there as desperate peopl can often do desperate things.

Democracies aren't immune from acts of great self interest either that can be blatantly unjust. Afterall FDR took everyone's gold in 1933 and we had internment camps for people of Japanese descent in World War II.

Still it was a speculative point and I probably shouldn't have been brought up at all.

Since your board is comprised that way, this potential risk is dramatically lessened.

This seems to be the part that just kinda sticks in your craw, doesn't it? Would it be easier for you if he (Zion founder John Brown) read tea leaves. Brown has been on this quest for 25 years; Bible passages inspired him to begin it. When there wasn't any geologic proof everyone flagged him as a religious nut. Now that the geologic proof is overwhelming, the 'religious nut' defense is starting to sound a little lame. How about after they've discovered the oil? Will Zion proving what they've believed all along prove anything to those who refuse to believe anything? Probably not ... oh well.

Seems like I touched a nerve. I really don't care about the founder's religion one way or another. He has the right to believe whatever he wants to believe. I however don't find it a compelling rationale to invest in an oil company. My point was the geologic evidence was not overwhelming in my opinion and if you have some you aren't showcasing it to investors. Instead you are thrusting the religious angle first most.If you don't think Zion should be criticized for that then they shouldn't present that as the primary reason to invest.

Here are three great resources if you really, truly want to know the story of Zion Oil. 1) the SEC filings 2) Zion's website 3) the book "Breaking the Treasure Code: the Hunt for Israel's Oil" by yours truly (my father started this rigamarol back in 1981). .

In case you didn't notice I used the first two frequently in the post as well as The ZionOil youtube channel. But I appreciate the thought anyway.

(another one of those religious nuts)

I never called you or your company (you do work there right?) that. You are being overly defensive.  I'm sorry you took it that way. FWIW I don't believe your company is fraudulent, I believe you guys honestly believe oil is there. What I disagree with, is how your company came to that conclusion.You can be right for the wrong reasons.

Well best of luck to you, for your sake and your investors' sake I hope you do find worthwhile amounts of Oil & Gas.

Report this comment
#23) On February 25, 2009 at 5:32 PM, tppress (< 20) wrote:

Tasty lunch -

Thoughtful comeback, that's appreciated.

No, I'm not a member of Zion Oil or a stockholder, just a chronicler of the story.

Zion is pretty fanatical about complying with SEC regulations. They don't advertise a lot of their test results due to "forward looking statements" restrictions. So I'm looking at their history from a perspective not everyone gets to see. 28 years ago when my father developed the theory, it was biblically convincing but little else; nothing geologic to back it up. Over the last 25 years the geologic results have filled in the blanks remarkably. They massive offshore gas discovery is just another pea in the dish (albeit a big one). As Zion's CEO Rinberg (a bit of a skeptic himself once) says, "The geology is confirming the theology."

But it's an oil company; until oil is flowing, you're right - it's a going concern.

The whole religion thing is a sore spot for both sides. One side tends to toss out anything once the "R" word is mentioned; regardless of all other parameters. It's like if the guy's motivation, or even the stockholders' motivation is religious, then everything else about the project is tossed in the 'religious nut' can. The other side (the one I belong to) defends fervently any venture that claims G-d's stamp of approval - sometimes when they shouldn't. The story of discovering oil in Israel has had its share of scammers fleecing the faithful. Those guys (I hope) are gone now, but they've left a nasty taste in the mouths of believers and skeptics.

But the folks at Zion are on a mission and they've played it straight since they began. If they're successful and they don't change their story, will you still disagree with how they drew their conclusions?

This is an investment forum, not a religious one. Thanks for letting me say my piece. I'll bow out now. Again, thanks for the thoughtful response.  

Report this comment
#24) On February 25, 2009 at 11:47 PM, rocksnot (30.01) wrote:

@Tasty:  You said, "Just ask Left Behind Games how that worked out."  Hehe, that's a good point.  If you are gonna use religion as your primary money maker, you better be good at it.  Not just anyone can pull it off.  I see they are still around, and trading for less than a penny.

Still, it seems to me that Zion can maybe pull it off for a long time.  They aren't just selling religion, they are selling religion and the propects of a huge oil strike.  You just got to have a seed-a, a seed of faith-a!  Might be good for a few more years, although I wouldn't put my own money up.

Report this comment
#25) On February 26, 2009 at 11:55 AM, CBombay (29.42) wrote:

Awesome report.  LeoGetz called this one at the top, and she also compared it to PDO a couple of days ago.  Great minds think alike.  Way to go Leo!

Report this comment
#26) On February 27, 2009 at 11:40 AM, BigFatBEAR (31.34) wrote:

Tasty,

Not sure if you're aware of this, but this blog is directly news-linked to Google Finance's chart of ZN now:

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chdet=1235768400000&chddm=1955&q=AMEX:ZN&ntsp=0

Awesome! I'll put in a red thumb soon perhaps.

Report this comment
#27) On February 27, 2009 at 11:42 AM, BigFatBEAR (31.34) wrote:

Bah, forgot that CAPS sucks at all things URL. Here's the link. Note that the news may not pop up on the chart until you click it and move it around a bit.

Report this comment
#28) On March 01, 2009 at 1:07 AM, navaho007 (< 20) wrote:

If you look at the bible, and look at the world, you can see prophecy unfolding.  These are the last days Jesus before Jesus returns.  See 2 Timothy 3:1-9 for the conditions of society. 

Any way, we see a global oil crisis, America is crumbling, Russia is stiring as they invaded earlier this year.  The bible prophecies a war on Israel from the north.  Who is north of Israel?  God has always provided for His people in the "clutch".  Think of Moses leaving Egypt.  What greater way to show favor to His people than to bless with oil in the middle of a global oil crisis?  

 It could happen.  I'm not saying oil will be there, but, if it is it would not surprise me one bit.  

 Whether you are a believer in Jesus as the Messiah or not, if you look at the prophecies from the bible and the world today, you can say there are definitely events unfolding according to what the scriptures say.  For example, revelation talks about "the mark of the beast" and it will affect the whole world.  We have computer chips that could be currency by implantation.  Also, the scripture says in revelation there will be 2 prophets in Jerusalem and the whole world will see them.  How could the whole world see them ?  You can see anything from a cell phone with internet access.  

 Those are my thoughts.......Oil or no Oil.  

Report this comment
#29) On March 01, 2009 at 6:36 AM, PrestonCheek (37.74) wrote:

Tasty, that was an excellent blog that you put together here, you were able to spark some interest and keep it going.

Keep up the good work, I hope one day I can add some information on stock like this.

Preston

Report this comment
#30) On March 01, 2009 at 1:15 PM, xgentlewarrior (< 20) wrote:

OK Zion OIl a good pick or not.Religous stuff aside i know from experiance that good siesmic data in good hands (geoligists).can have a more than 90% success rate.Zion has used Geoligests from Calgary Canada and Texes USA to figure out there drilling plan.However with there current financial situation can they drill more then 1 or 2 holes i dont think so. they need some more cash hense the offering due up to sell share holders 3 for every 8 of allready owned shares for 5 dollors a piece.The find off the coast of Hiafa reccently by Noble Oil i believe is less than 50 miles from Zions drill site onshore(i may be wrong but there reletivly close).As for myself this whole thing is interesting to me that i will closely be following it to its outcome good or bad and like a good size lottery prize (the only time i ussualy buy a ticket just to say that i had a chance ) Ill have a few shares in Zion to make the watching more  interesting.

Report this comment
#31) On March 01, 2009 at 2:51 PM, xgentlewarrior (< 20) wrote:

http://www.knobias.com/story.htm?eid=3.1.f097edd7b77ac68bfe5775745dfa8a58829591359284cf23a282de9b692c1baf       Zion oil is to announce there earnings 03/05/09 after the market closes.

Report this comment
#32) On March 16, 2009 at 1:06 AM, xgentlewarrior (< 20) wrote:

Following Zion’s Stock Price

March 12, 2009 by admin 

Zion Oil & Gas Stock has been pretty active and I’ve received a lot of messages about its price volatility. Everything from wild optimism to ‘the sky is falling.’ Just so you know, our newsletter and our website aren’t a part of Zion Oil and I’m not a stock broker or a day trader.
But as someone intimately connected with the story of oil in Israel, here’s what I do know - what I’ve been saying all along. The promise of an oil discovery in Israel isn’t new news; as a matter of fact, the story first broke almost 4,000 years ago (read Genesis 49 and Deuteronomy 32 & 33). My dad, Jim Spillman, saw this promise in scripture and followed the trail that led him to the spot and the time the oil would be discovered. John Brown heard my father speak on this back in 1981 and took it on faith. It took Brown another 19 years of work, research and travel to Israel to get his first Israeli exploration license and found Zion Oil & Gas in 2000. Since John’s first trip to Israel in 1983 a lot of research, testing, exploration and discovery has transpired. With each test result or finding, the promise of oil in Israel gained a little more geological support. January’s massive natural gas discovery proved the existence of hydrocarbons in northern Israel in a very BIG way.
So here we are, nearly 4,000 years after Jacob’s blessing, twenty-eight years after John Brown first heard and believed the story of Israel’s oil, with every objective scientific result in the last two decades pointing to its reality, and still, everybody is freaked out over the change in Zion’s hour-by-hour stock price.
Folks, Zion is an OIL EXPLORATION company. Until they discover oil or fold up shop, don’t worry too much about daily changes in their stock price. And don’t worry too much about them folding up shop. John Brown has been at this for twenty-five years. The early years were a lot tougher than today and he just kept plowing. Zion Oil is here to stay. The managers and board members are personally (and financially) committed to this mission. It’s my belief that they’re at the end of their quest, not the beginning of it. The goal is in sight. And if you still can’t get your mind off of what Zion’s stock price was at 9:42 AM last Thursday or what it might be at 3:14 PM next Tuesday, here’s a graph for you. It covers about 3 months, not a long time, but long enough. The blue line is daily price at closing - up and down and up and down - but a lot more up. The red line shows a 20 day average (kind of smooths out the bumps). What do you see over 3 months? Up. Relax.
Here’s Zion Oil’s official response to questions about the stock price going up and down and up and down (but generally up):Dear Shareholder and/or Friend of Zion…
We have received quite a number of telephone calls this week and many callers were asking us the same question:

 

“I have been watching the movements in Zion’s stock price. Please explain what is going on?”

We can’t and don’t comment on our stock price because… we really don’t know any more than you.
Zion stock is traded on a public market, so any member of the public or maybe an investment company can buy or sell stock, just as they wish.
We have no control over the Zion stock price in the public market; the stock price just reflects the actions of those trading that day.
What we can assure everyone is that the purchases and sales are not due to any information that is not publicly available.
We can also assure you that we are working towards long-term shareholder value and in the long-term, we believe, short-term fluctuations are irrelevant.
Thank you for your continued support of Zion.


 

“In your good pleasure, make Zion prosper…” Psalm 51:18Shalom from IsraelRichard RinbergCEO of Zion Oil & Gas, Inc.

Gosh … kinda what I’ve been saying.

Share Israel:

Related posts:

Israel Discovers Massive Natural Gas Field: Is Oil far Behind? An Interview with Richard Rinberg CEO of Zion Oil and Gas High Tech Entreprenuer, Nir Barkat, is Jerusalem’s New Mayor Zion Oil Stock Receives A+ Rating Zion Stock Trading Over $8.00 October 24, 2008 Letter From Zion CEO Richard Rinberg

 

Filed Under: Top Stories

Report this comment
#33) On April 22, 2009 at 7:15 PM, konokai (< 20) wrote:

I am surprised at the number of you who are congratulating tasty for his "research" on Zion Oil and Gas.  The reality is that everything he presented and much more were on the Zion Oil website.  It took very little "research" on his part to "dig" anything out.  There is nothing hidden and nothing surprising there. 

I take my investments serioiusly and studied Zion before investing in Dec of 2007.  I have continued to accumulate shares since.  I could have taken advantage of the fluctuations in the stock to bring in a significant amount of gain, but chose to just ride out the waves.  In doing so, my position is at this moment a 25% gain since Dec of 07.  How many stocks do you have that have that kind of result over that period?  The majority of my other stockes don't either.  Will it drop to nothing someday?  Maybe.  Will I be in then? Yes, but I don't think it will drop like that.  I stand a much better chance of winning with ZN than with the lottery or most other stocks I could invest in in this economy.  ZN has never dropped below the average price I got in at. 

As the drilling begins, it will be exciting to see if the predicitions of oil are verified.  The probability is actually quite high if you consider the fact that the geophysical strata over which the drilling is taking place is quite similar to that in all of the middle east countries who currently have oil and the close proximity to new gas fields.  The question is where you put your faith?  That is all that investing is, testing your faith. So where do you put your faith? Those who began the Zion Oil company placed their faith in God and His word.  And later also in the results of the geological testing which was done. Each investor places his faith in something he believes in, it's your choice.  Pick some fantastic CEO, a set of numbers, the "economy stupid", or some other predictor. If you have faith in any of those and are wrong, you just lose money.  If you don't have faith in God and what He has said, and you are wrong, You eventually lose everything.  If I lose a lose money in ZN, I will still have my faith and if I'm right about placing my faith in God it doesn't matter if the stock hits or not, I win.  This is "Pascal's Wager."  In what do you place your faith...?

Report this comment

Featured Broker Partners


Advertisement