Post by Ethan / JRyan on Apr 26, 2022 14:57:18 GMT -5
Interesting article out...
Zion Oil & Gas, Inc. - Major Reversal Underway for (Oil at Megiddo Jezreel) Oil & Gas Operator
Not sure I agree here: We are NOT in the Golan Heights but there are articles on this site that explain what that was about.
I call BS on the article as it repeats often with not accurate information. This is probably because it was a big mover yesterday and they just googled sites etc. POOR JOB ON THIS ONE, I posted it anyway.
Zion Oil & Gas, Inc. - Major Reversal Underway for (Oil at Megiddo Jezreel) Oil & Gas Operator
Not sure I agree here: We are NOT in the Golan Heights but there are articles on this site that explain what that was about.
Fueling the recent months long drop on ZNOG was the Company’s silence since their last press release on November 23, 2021 whey they announced the completion of the drilling phase for their Megiddo-Jezreel #2 (MJ-02) and were moving forward with testing immediately based on encouraging hydrocarbon shows at its Megiddo Jezreel #1 (“MJ #1”) site where the Company previously estimated the reserve potential of the formation at 484 million barrels. Zion’s property is located in the Golan Heights and Jezreel Valley, quickly emerging as an oil hotspot in Israel. Scientists say they have discovered a possible oil bonanza in the area with the potential of billions of barrels in the ground. According to geologist Yuval Batov “the layer is 350 meters thick, which is 10 times larger than the average oil find worldwide.
I call BS on the article as it repeats often with not accurate information. This is probably because it was a big mover yesterday and they just googled sites etc. POOR JOB ON THIS ONE, I posted it anyway.