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Zion Oil & Gas, Inc. Message Board

  • salamon1969 salamon1969 Apr 1, 2013 8:59 AM Flag

    ZN ready to POP

    ZN is ready to make a move. If you understand stock charts, traders are looking at ZN just because looking at technicals. Stock has entered into a very narrow trading range. Look for ZN to stay about $1.25 with increasing volume. That will be good news money is raised for the next well. Seems that the Elijah #3 is still in play from the last update. :)

    "We have reconsidered our prior decision to not pursue additional exploration activities at the Elijah #3 well. Even after the 2012 re-entry operations during which we collected and analyzed large amounts of data, we are left with unresolved questions regarding the overall effect of leaving the borehole filled with overbalanced mud for 2½ years after we suspended drilling operations in February 2010 until we re-entered the well in the summer of 2012. It is possible that any oil or gas migrating from offshore may have been flushed away from the borehole by the overbalanced mud over the 2½ years the well sat idle. Therefore, Zion will seek the final one-year extension of the Asher-Menashe License beyond its scheduled expiration of June 9, 2013 in order to conduct additional in-well testing operations at the Elijah #3 well and/or other needed activities."

    Sentiment: Strong Buy

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1.33-0.01(-0.75%)Oct 21 3:59 PMEDT