When John Browns goes on his vacations in Israel, he stays at the American Colony hotel, the premier suite there cost $3000+ per night, it's very nice. Don't know if they stayed in the premier suite, but Zion stockholders provide nothing but the best for the Zion board..
Wonder how much that cost the shareholders? And why do they need 13 directors, the company hasn't drilled in over 3 years. And why is it taking so long to find a rig with all the excess capacity available for the booking these days. Makes no sense, no sense at all. Questions, questions, many questions and all the while no mention of whether they even have the funds to drill. Do you see what I see? Do you hear what I hear? What's that smell?
"Our key remaining hurdle is to secure an appropriate drilling rig and crew. Zion began the process a year ago when we signed a Memorandum of Understanding with an international drilling services company, but that company, like many others in the current oil & gas price downturn, underwent a lengthy corporate reorganization and can no longer supply our needs."
Guys, it's the Lord most High that has ZO&G moving towards it's ultimate objective. I am just thankful that He has let me be a part of it!. Truly the BEST days are yet ahead for ZO&G!. Remember.........FAITH......the Lord .....requires it!......
Sentiment: Strong Buy
Can't find a driller or crew? Give me a break, the oil drillers are suffering from a huge over capacity, has laid off half their work force, has forced and idled 60% of their drilling rigs, and out of all that, they can't find any available? How about they go down to the unemployment office and hire some of the 250,000 unemployed oil workers the industry has laid off globally?
I whole heartily agree with Victor C.................soon and very soon!...thank you Lord!.......
Sentiment: Strong Buy
Annual Shareholder Meeting in Israel
We recently returned from our Annual Shareholder Meeting in Caesarea, Israel, which was held on June 6th. All 13 members of our Board of Directors were present and shareholders re-elected the following individuals to our Board: Justin W. Furnace, Martin M. van Brauman, Gene Scammahorn, and Dustin L. Guinn. Shareholders also ratified the appointment of MaloneBailey, LLP, an independent registered public accounting firm, as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2016.
Zion's 2016 Board of Directors (Caesarea, Israel)
The Board of Directors also approved appointing Dustin L. Guinn (see image above, top row, 4th from left) to the Company’s management team as Executive Vice Chairman. Mr. Guinn was appointed a director on May 1, 2015. Previously, Mr. Guinn served as Chief Executive Officer of Viking Services, a multinational and fully integrated oil & gas service company with an employee base in excess of 1,500 with operations in the United States, Hungary, Turkey, Serbia, Albania, Romania, Israel, Northern Iraq and Oman, with an asset base of $600 million generating annual revenues of over $400 million at its peak. Mr. Guinn’s primary responsibilities included operational and strategic management focusing on the growth, deployment and profitability of key assets in countries within the Middle East, North Africa, and Central and Eastern Europe. Mr. Guinn has extensive experience in transactional mergers and acquisitions involving both entity and asset purchases as well as the integration of those acquisitions and was intimately involved in the growth of Viking since its inception in 2008. Mr. Guinn graduated, with honors, from New Mexico State University with a Bachelor of Business Administration degree in Finance. He also earned his Master’s Degree in Business Administration (MBA) from West Texas A&M.
When will Zion Start to Drill?
Our key remaining hurdle is to secure an appropriate drilling rig and crew. Zion began the process a year ago when we signed a Memorandum of Understanding with an international drilling services company, but that company, like many others in the current oil & gas price downturn, underwent a lengthy corporate reorganization and can no longer supply our needs.
Agreement-In-Principle to Form "Zion Drilling"
As we searched for drill rig acquisition alternatives, Zion and a US-based oil field service company with global operations recently reached an agreement-in-principle to form a special purpose subsidiary to operate a drilling rig. The rig will be contributed by the oil field service company and we will contribute shares of common stock, with the subsidiary to be owned 50% by Zion and 50% by the oil field service company.
We remain in those negotiations to acquire the drilling rig to ship to Israel. We must still raise several million dollars to be able to test/rehab the rig, ship the rig, and field a crew to operate it in Israel. If we are able to conclude definitive agreements on mutually acceptable terms soon, we hope to begin drilling this fall. When we secure our own rig and establish Zion Drilling (Zion’s subsidiary), we will no longer be faced with seeking drilling contractors each time we plan to drill a new well!
I sincerely believe that 2016 is the year that Zion Oil & Gas will drill our well and hopefully discover and begin to recover the oil (“blessings of the deep” Gen. 49:25) under the Land of Israel.
Please pray that God would grant us favor in our fundraising efforts and in our ongoing negotiations to acquire a drilling rig and establish our Zion Drilling subsidiary.
Sentiment: Strong Buy
His actualwords were, shortly after the EU goes kar boom, the USA dollar goes kar boom...I would say a short time from now buster..GET ready andda getta setta..KAR BOOM...
Could this be the concrete beginnings of the emergence of a revived Romam Empire? It bears close watching.
European SUPERSTATE to be unveiled: EU nations 'to be morphed into one' post-Brexit
EUROPEAN political chiefs are to take advantage of Brexit by unveiling their long-held plan to morph the continent’s countries into one GIANT SUPERSTATE, it has emerged today.