Zion Oil & Gas Inc. (ZN)
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I do not beleve that they will find oil and the stock will go down gradually until they quit drilling.
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AN ANCIENT OATH: The Almighty surely will Perform IT, soon...
ISAIAH 41: THE OIL TREE (Pure Golden Petro-Leum: Rock Oil)
MEGIDDO. (IT'$ Not over Olive Oil Trees: IT will Astonish World)
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This one is slightly better than a lotto ticket only because its one of the only companies that is combining science and theology to drive their business. If they find production quality oil then the sky is the limit, if they don't then it will go to zero very fast.
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Religion aside, from what I understand, ZN found natural gas and oil along with water in their previous well, but due to water filling the hole, they decided to abandon it.
The new well, strangely enough, was started in the old well hole and then kicked out of the hole and is now being drilled directionally. On top of that, they applied for a lease of the land adjacent to where they are now drilling. I think Zion knows they have oil and natural gas, but are trying to hit the top of the formation where the water isn't. They have done extensive research, have a good team of geologists, and are drilling according to overwhelming scientific evidence, which happens to line up with biblical prophesy. Whether the hydrocarbons they find are of production quality and quantity is another story, but in my book, well worth throwing some venture capital at it.
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Israel has stable prices, relatively little debt, and strong technological innovation.
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They are using the bible as their guide for oil. Not to bash the bible or anything, but I think they are misinterperating what it says. When the bible talks about oil it means olive oil, not pertroluem.
I see this as a big tank. It already has negative earnings.Maybe a good short pos.? Im gonna wait and see how the drilling goes which has just started
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Valuation on this is crazy - look at the numbers.
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Zion Oil has announced a pending $5 per share rights offering, 3 for 8, as of the unannounced record date. The stock now trades in the $13 per share range, down from its top near $17. I expect those wanting to exercise or sell their options will continue to buy in until the date of record. Longer term, I remain optimistic, due to Zion's recent acquisition of drilling rights of a second, significantly large parcel of land adjacent to their initial parcel awarded to the company for development by the Israeli government. The last I heard from the company, drilling is still scheduled to commence on another well, this spring. Talk about a stock that has defied recent market trends; this is it. I hold a considerable position in the stock and expect good things from it that may well continue both short and long term.
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No production, no reserves, no earnings.
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what goes up...
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traded on the American Stock Exchange - low volume
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Good leadership...I feel they will win in the long run.
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Zion has done their homework with extensive geologic evaluation and now has a rig in place that is capable of drilling to the depths they need to go. They have good leases with multiple good prospects. This is a wildcat operation so would not bet the farm on them but if you have some venture cash this is a reasonable play to possibly make a good deal of profit.
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They operate in Israel, recently a large natural gas desposite was found,; they are about to drill in a spot with reasonable assurance there will be oil and the best is Deut Chp 33.

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