Delek Drilling and its partners, Houston's Noble Energy (NBL), Avner Oil Exploration, Isramco (ISRL), and Dor Gas hold 16 expanses which cover 9,000 square kilometers, more than twenty times the size of the Tamar tract, and initial estimates coem in at $15 billion. In the near future, extensive seismic tests will be conducted to decide on additional drillings during 2010. The diff between those companies and Zion Oil: is that those companies found something.
Even if the gas find is small (by global export terms) and complications with hydrogen sulfide and other by-products make Tamar difficult to develop, any increase in NG prices will force ISRL share prices higher, even though the field will not complete until 2011.
And herein lies the problem: the religious fanatics believe a similar explosion in share value will occur with Zion. They cite "blessings of the Lord" and Dominionust extremist prophecy and TBN "Jan" style nonsense to boost the effect. But by the same token, if oil is "ordained by God" to be received by "certain people" why did God give so much oil to Arabs, Persians and Magog? In the end none of it makes any sense.
Fact is, no one knows, not forgven or anyone else. We are all looking for a hole in the universe and some small way to sneak out of this life alive without the pain and loss of death, and in the meanwhile be rich and have plenty of hot sex until the bell tolls. That is just human animal nature which the religious right wing denies. And in the meanwhile the Zion RW'rs dream of material treasures and bask in fantasises based on their own greed, just as the REAL Jesus (not the Jesus of TBN and Jan and Pat Roberton) denied those same fantasies when tempted by Lucifer.
Point is, it is well known that the religious right wing mightily suffer from one of the most universal of all seven deadly sins: GREED. If oil is ever found in Israel no doubt Zion investors will benefit greatly (even of Zion itself never finds a drop) just as investors in ISRL and Delek did; and that is what Zion Oil is really about: greed. Love does not make the world go around: cash does.
Believe it or not I worked in the oil industry for a company formally known as Veritas DGC. Those who hate me here (and many do) can doubt me or even try to use that information against me, but I really don't care. In my estimation Zion will fail. Not due to religious nonsense about the Lord or out of spite, but because I have seen the data and know the geology and science of the area Zion is working in. Even with the remote possibility of locating a real well, it is going to be very deep and probably not worth developing at anything less than $200 a bbl. That day may come if the human race does not destroy itself first by its own petty nature and mean stupidity, but I would also guess by that time, alternative sources of energy really will be viable.
"because I have seen the data and know the geology and science of the area Zion is working in. Even with the remote possibility of locating a real well, it is going to be very deep and probably not worth developing at anything less than $200 a bbl. That day may come if the human race does not destroy itself first by its own petty nature and mean stupidity, but I would also guess by that time, alternative sources of energy really will be viable. "
could you please expand upon this? i for one would like to know more.
A huge factor working against any major oil find in Israel is simply the nation's size; it is too small to accommodate a major oil field.
Large-scale oil finds invariably encompass areas of dozens of square miles... and area which Israel does not have. The East Texas Oilfield is 218 square miles. After years of drilling in Israel (only resulting in dry wells) it's not practical to assume that a remotely similar scale find to the East texas can be located in Israel.
Take the Khashgan field in Khazakstan and Majnoon fields in Iraq: among the world's largest finds these reserves encompass hundreds of square miles, and despite their size have never been properly developed. And what do you think it would cost to develop those fields to ship the product to Israel versus domestic product at Zion's depths?
Never mind, of course, that most of Israel is in one of the few parts of the Middle East that is actually geologically unsuited for petroleum. The foregoing is why the second exploratory well is being drilled to such great depths. If a very deep well is found, at great depths it will be costly to produce but if it were a very large find, could be more appropriately developed as a 'cluster' rather than as a very large field.
Regardless, based upon Israel's geographic size the possibility of developing a large oil field on land is not only exceedingly remote, but non-existent; and that is why the development of natural gas off the coast is far more exciting.
The discovery of the natural gas field 90 km. offshore from Haifa, known as Tamar, was made by a US-Israel consortium including the Delek Group, through its subsidiaries Delek Drilling and Avner Oil Exploration, Isramco Negev 2, Dor Gas Exploration and US oil operator Noble Energy Inc.
Even though Tamar is geographically close to Lebanon, the Tamar field may be developed to provide domestic independence for Israel in natural gas. An equivalent find of oil on land in Israel (to the Tamar field) is statistically improbable, and certainly would not render Israel to be a net Exporter of oil in any case.
I can understand the Israelis and their interest in ANY sort of energy development on their claimed territory, just from a shekels perspective alone, and desire to attract major energy players into their economy (after all look at Isramco) but Brown and his Texas oil people know the truth about land-based drilling in Israel and refuse to divulge it: no land-based oil operation in Israel will be a major - or even minor - exporter of oil.
<<But by the same token, if oil is "ordained by God" to be received by "certain people" why did God give so much oil to Arabs, Persians and Magog?>>
15 God also said to Abraham, "As for Sarai your wife, you are no longer to call her Sarai; her name will be Sarah. 16 I will bless her and will surely give you a son by her. I will bless her so that she will be the mother of nations; kings of peoples will come from her."
17 Abraham fell facedown; he laughed and said to himself, "Will a son be born to a man a hundred years old? Will Sarah bear a child at the age of ninety?" 18 And Abraham said to God, "If only Ishmael might live under your blessing!"
19 Then God said, "Yes, but your wife Sarah will bear you a son, and you will call him Isaac. [a] I will establish my covenant with him as an everlasting covenant for his descendants after him. 20 AND AS FOR ISHMAEL, I HAVE HEARD YOU: I WILL SURELY BLESS HIM; I WILL MAKE HIM FRUITFUL AND GREATLY INCREASE HIS NUMBERS. HE WILL BE THE FATHER OF TWELVE RULERS, AND I WILL MAKE HIM INTO A GREAT NATION. 21 But my covenant I will establish with Isaac, whom Sarah will bear to you by this time next year."
Read all of Genesis 17 for more context: http://www.biblegateway.com/passage/?search=Genesis%2017&version=NIV
*All Caps emphasis mine to highlight probable answer to question
Ha Skunk. I saved this post. Unfortunately, it reads like an obituary. What's with all the negativity, darkness, hate, and meaness of spirit. Guy - you gotta turn this thing around. Your kicking against the goads.
And no, you're wrong, no one here hates you, just to the contrary. We know the Lord is working on you and several here have been praying for you. Come on home, we'll help you find where you belong.
Get on board, this is going to be one of the most exciting events of a lifetime. We can use your expertise.
It's the same old same old song from JT: ie "you better believe *ME* because what I say it is TRUE and it's all in the BIBLE and I know *I* am right and I'll throw some Bible verse in the mix to prove it". Laugh. The tune may have several lyrical variations, but the song essentially remains the same.
People said a lot of things were true, they said the earth was flat when it was not, and made criminals out of people who did not believe it.
That is where you are at JT and all of the guilt-ridden religious right wing: on a guilt-by-association trip associating your version of biblical prophecy as absolute truth, with some character in Zion Oil who found out that this is just another way to make money like Sha Stephens did. That was a long time ago, but likewise your Zion will never be a Delek Drilling, Isramco, NE or Dor Gas because it never can be. My big objection is that the religious parade around here like Zion Oil will be the Next Isramco when it cannot be, by definition.
You have your opinion JT and I have mine. You push yours off on people like it is the gospel of the Bible and everyone *MUST* believe it OR else. Then you get PO'd when anyone hints that the Emperor/CEO might be wearing no clothes (as in has no earnings).
We will see, but I have seen the charts and the studied the geology because it was my job, and nothing was there. Like John Brown talks about science, I am talking about science too and not Southern Baptist hellfire about oil in Israel.
One year from now we will see who is right, and I will save this post for then because one of us will be wrong, and if I am wrong I will re-post it then. If I am wrong I will have the courage to admit it, whereas if you are wrong you will simply end up losing your entire investment and keeping quiet about that.
Oh well.... it's only money.
I am 66 from Texas and been around the oil patch. Investing not working. Hoping to get a few bbl a day with 15 million shares does not make sence. If the money is a gamble it is a long shot.
Why do you care so much for us,If we lose or money or not? You must be such a good person who really cares so deeply about people. We heard you story thank you your conscience is cleared.Please sir be on your way!!! Maybe you can find some other investor's on another board to help. G-d bless
some of it i'm sure is some here standing on the rooftops, beating their chests in absolute arrogance (not to referring to you). it tends to bring a response - i've asked those who do this to think twice about their ATTITUDE, and am told that by doing so I'm somehow against ZN oil. They are getting the exact response they deserve. Again and again I warn them against perception.
He is of course wrong on many counts in his post, but he is also right on many points... I don't believe it's necessarily greed for most here, but the haughty arrogance will cause others to see it as greed. Again... PERCEPTION. This is the EXACT reason I said these things. They push more people away from God by this type of attitude.