2022 Annual Shareholder's Meeting - WOW

Ethan / JRyan Administrator By Grace Alone Go I... Posts: 981	2022 Annual Shareholder's Meeting - WOW Jun 9, 2022 5:50:48 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Ethan / JRyan on Jun 9, 2022 5:50:48 GMT -5 Video Link to Meeting 2 hours PDF operations slide deck from the shareholder meeting www.zionoil.com/wp-content/uploads/2022/06/Annual-Share-Holders-Meeting_2022.pdf What a crazy day!
	Last Edit: Jun 9, 2022 5:51:47 GMT -5 by Ethan / JRyan By Grace Alone Go I

Ethan / JRyan
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By Grace Alone Go I...

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2022 Annual Shareholder's Meeting - WOW Jun 9, 2022 6:00:35 GMT -5

Quote

Post by Ethan / JRyan on Jun 9, 2022 6:00:35 GMT -5

So I got bits and pieces and will record what happened from MY viewpoint.

POST #1

JRyan

Wednesday, June 08, 2022 6:54:04 PM

Re: None

Post# 49609 of 49647

My thoughts...Todays meeting.

First I did not hear John say that but I was distracted and got back and the price was crashing. I am home now and will watch without distractions.

I purchased more, some at 0.22 and 0.2049. Almost the last of my powder. Yes I must be crazy but here is why I did so. In listening to the difficulty of drilling and the new technology used, I was impressed and somewhat mystified especially with the pressures and what the 'special' tech allowed them to do. I was also impressed with just how difficult it must have been to have to quarantine folks for 2 weeks in a motel and provide delivered meals. We should have known about these many updates ago, I agree. I will not make excuses for them on this one but in my mind, those were tough times for many companies and I wonder if they really expressed how difficult that would have been. I know this as I was working on a large project during these times and it was a mess but nothing like what he described. So I have little sympathy for that part. It took me 2X times to get things done with all the lockdowns and such but we had nothing like Israel had. Nothing, I was in Texas at the time. He was explaining supply chains and difficulties, there was a time that I was buying copper at $2.20 a lb. I knew it would not go lower, but lead times, oh my and I saw it in 3Q2020-2Q2021. They were a mess, I can only imagine what the issues were there and I thought a good job was done explaining that. Again, they should have told us at least part of this, no details but an idea of what they were facing.

I was impressed with the new technology used but was surprised by the statement that they did NOT see that with MJ1. That the whole layer was displaced. That confused me and now that I have the download and will watch again with new eyes, I will digest it better.

The Q&A session was odd. Andrew seemed uncomfortable and they did not answer my submitted question of " Are there discussions of a 2nd drilling rig?". He said they were flashing by so fast but I will once again give them the benefit of doubt on that one.

So what positives did I see and hear? First, this is the deepest well ever in Israel. All the way back to Elijah1, I said GO DEEP. Yes Tisdal is right as I do give credence to the Abiotic theory, not because of what I have read, but because of what my dad told me in the 80's, and he was in the business. I used to read the Oil and Gas Journal when it came in.

Second, Zion now has experience in the area that NO OTHER company has. Yes some will say "experience losing money" and that they do have, no pun intended because I have been there with them. We have a deep hole with a 6" casing and the well was completed. It would be bad due diligence to spend that if nothing was there or they had nothing to go by.

Third, the term lawsuits was not mentioned but it was present in every way, Dunn stumbled many times with that and wanted to say things that he knew he should not. He was frustrated, that is the way I read it. I need to see JB's comments as I did miss those.

Fourth, while watching me loose so much so fast, my heart sank. Yet not once did I enter a sell, I had a buy in my que, I was just adjusting the price I was willing to pay. Downward I will agree, I had a large order in for 19 cents and then I had to leave..

Fifth, nothing I saw or heard made me think MJ2 is Dry, quite the contrary, I saw hesitation to mention anything that would say either way. I have to assume, they are continuing the plan, ignoring the noise (including me), and pressing on. Why finish the testing if nothing is there?

So folks, I have said for years, risky as heck and nothing has changed. That is my take and I am no oil guy but I am still in it. What has changed is I might sell on the next bounce to recover my initial investment, and with my cost average now that is VERY feasible. The tough part is I have been sturdy about not selling any significant shares. The monies I have in this will not change anything for me on the down side, a risk, a big risk, but so is my 401K which I moved to cash a couple of months ago. I saw daily drops that dwarf my losses in Zion Oil. So I moved what I could out. No longer in that game, but I still believe in the mission statement, and I know oil is there, somewhere. I have had no dreams or revelations about Zion ever, just a gut feel. I am now emotionally attached, and therefore probably screwed, but I accept that.

Good day all, and now to watch the entire thing without distractions.

* Disclaimer, I am no where near a 13g, so don't worry.

JRyan

Wednesday, June 08, 2022 10:31:05 PM

Re: None

Post# 49637 of 49648
Water based mud & the video.....

I need an explanation of this.

-3rd party conformation of what is there.
- Formation was indicative of having the potential to produce.
- May 6th - information gathered was submitted to Israel.
- Long range plans then submitted to Israel
- What happened?

-This makes sense, they did NOT tell us this was going on at the time.

-Shale Bridge causing issues at 2800m.

-DwC - tech employed - This caused delays. Listen to the explanation. Did NOT work originally. Torque ring failed - now wait for new bit.

Some luck? Prices and orders, we order BEFORE the rush!

**should have told us then!!!** A new path was decided by this time. We were at the first in line. Supply Chain issues.

-Re-drill 700m with the right equipment.
-Worked and then continued to TD in Nov. 21.
-Safety Issues and they followed... I get this!
- Shut down & logistics issues.... Yeah I get it
- Quarantine issues, Hot shot parts, and whatever. I dealt with this as well. only 2 weeks for the workers. WOW. Costly, uhm yeah. ** we as stockholders should have been aware of this!!
- DwC bits have issues
- Post drilling- Well completed
- Completion and testing phase...
- protect shareholder information at this point!
- HE DID A GREAT JOB IN THIS - Listen to it!

Q&A session - I am not going to comment on this as they were obviously hesitant at this point but I cant help myself, proprietary and the like. Material Impact? Well they have already shown that is not the case. I just cant explain it. Tisdal - he was looking at your list! I will give it a shot.

- relations good with Israel and the locals.
- MJ1 communications are out now!
- Completion testing of MJ2 into 3Q. (not Texas)
- John Brown leaves the meeting - <<<

- Pressure on service providers? Oh my do I get this. Do NOT bite the hand that feeds you!
- Do we have oil - when a 3rd party says we do! Audited results only. Protocol with Israel is in place! He said it! Protocols! 3rd party confirmations needed.
- MJ2 producing? Dodged it but understand it.
- New licenses? No speculation allowed
- Last PR - listen to what we say.
- Questions call us? Well not real responsive the last couple of weeks, BS.

- Done

Well that is it, nothing bad that I can see, but again nothing good either. At least I am not pissed off. They at least did that.

By Grace Alone Go I

Ethan / JRyan Administrator By Grace Alone Go I... Posts: 981	2022 Annual Shareholder's Meeting - WOW Jun 9, 2022 6:01:04 GMT -5 graceandpeace likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Ethan / JRyan on Jun 9, 2022 6:01:04 GMT -5 .... More Attachments:
	By Grace Alone Go I

Ethan / JRyan Administrator By Grace Alone Go I... Posts: 981	2022 Annual Shareholder's Meeting - WOW Jun 9, 2022 6:01:28 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Ethan / JRyan on Jun 9, 2022 6:01:28 GMT -5 .... Attachments:
	By Grace Alone Go I

Ethan / JRyan Administrator By Grace Alone Go I... Posts: 981	2022 Annual Shareholder's Meeting - WOW Jun 9, 2022 6:03:21 GMT -5 graceandpeace likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Ethan / JRyan on Jun 9, 2022 6:03:21 GMT -5 Notice the volume. Well I am in for the long haul and have said so. There is already the bashing talking about lawsuits! Zion Oil - IGNORE THEM, PRESS ON. Attachments:
	By Grace Alone Go I

Ethan / JRyan Administrator By Grace Alone Go I... Posts: 981	2022 Annual Shareholder's Meeting - WOW Jun 9, 2022 17:31:32 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Ethan / JRyan on Jun 9, 2022 17:31:32 GMT -5 I will be adding some things to this. KyOil has a way of stating things that is outstanding. I hope Zion Oil is listening. Attachments:
	By Grace Alone Go I

Christians4zionoil

2022 Annual Shareholder's Meeting - WOW

Post by Ethan / JRyan on Jun 9, 2022 5:50:48 GMT -5

Post by Ethan / JRyan on Jun 9, 2022 6:00:35 GMT -5

Post by Ethan / JRyan on Jun 9, 2022 6:01:04 GMT -5

Post by Ethan / JRyan on Jun 9, 2022 6:01:28 GMT -5

Post by Ethan / JRyan on Jun 9, 2022 6:03:21 GMT -5

Post by Ethan / JRyan on Jun 9, 2022 17:31:32 GMT -5

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