Comments on: Drilling Complete on Ma’anit-Rehoboth #2

By: dean

dean — Tue, 03 Nov 2009 19:05:09 +0000

I am curious why it is necessary to cement in the hole liner? I assume they do this so that is they ever pull out the steel liner that the hole won;t collapse? How did I do?

By: dean

dean — Mon, 02 Nov 2009 20:26:36 +0000

I appreciate so much Steve’s ability to fill in between the lines when there seems to be no one else to do so regarding the Israel project. What I like about his opinion is that he has been there from the beginning with this company and can quickly separate fact from inuendo. From what I have seen on other posting boards, they would leave you hurting if you dared believe them.I believe the guys at ZION, trouble is they can’t safely really tell us too much. I have a sincere feeling in my gut that Zion is not gonna give up until they win and that is why my position will be long with them un til Jesus comes back. Selah!

By: admin

admin — Fri, 30 Oct 2009 11:18:07 +0000

Dean,
I’m not a stock trader either. Thank God. The only thing I really understand about a company’s value is in its ability (or potential) to produce the goods it was created to produce. Until an oil and gas company produces oil or gas, it’s value is speculative. If there are people out there making (or losing) money by playing speculation games with stock in a company that hasn’t yet produced what it was created to produce, then they don’t own the stock for the reason it was intended and, in my opinion, only detract from the long term health and goals of the company they own a part of. Here’s my not so ‘stock broker slick’ opinion: If you invest in a company, invest in its purpose. If you’re not interested whether an oil and gas company actually ever produces oil or gas, you don’t belong.

Re: Christmas trees – that’s the subject of a future post.

By: Lyndon

Lyndon — Sat, 24 Oct 2009 16:14:52 +0000

Dean,

I don’t know much about Christmas trees on oil rigs, whether this is standard operating procedure prior to completion testing or a harbinger of a producing well. And while I’m not a professional stock trader and I haven’t read Phils comments, I think the recent price action on ZN stock is due to several factors. Seems to me like the stock spiked up on Oct 13 because of the extra exposure from Steve’s appearance on Jewish Voice Oct 12 attracting more buyers. It was immediately shorted because the shorts anticipated weakness in the stock soon because of of the rights offering (people willing to sell some of their stocks to raise cash in order to participate in the rights offering). Shorts like to get in on spikes that they know won’t go anywhere. ZN since then has gone down because of both shorting and selling to participate in the rights offering (probably more on shorting, since at these prices, it becomes less profitable to sell to participate in the rights offering). This weakness may continue, with some fluctuations, until Nov 30 when the rights offering closes. Shorts also know that there probably won’t be any good news to worry about until around Dec when they can get a rig for completion testing (unless ZN can find a rig sooner). Steve might know more about the postivie significance, if any, of the Christmas tree structure.

By: dean staples

dean staples — Sun, 18 Oct 2009 21:00:18 +0000

Today is October 18 and I have been reading comments by a man named Phil over on YAHOO finance. He sure seems to know a lot about both the stock market plus oil wells. He comments about SHORT SELLING of Zion stock and this being the reason why the market share price is all over the place. I assumed this was due to people going in and out of Zion daily to make small or short term gains. He says it is due to SHORT SELLING. News to me but it does make sense. On Thursday of this past week(October15 Richard Rinberg posted the picture of the drill team installing a Christmas Tree or wellhead on the Rehoboth 2 well. When this man named Phil at Yahoo saw this wellhead installed he jumped to the conclusion that this means Zion has found oil and this wellhead or Christmas Tree means Zion is necessarily going to begin producing oil or gas. Please, if anyone that is reading this talkback that I am now producing sees this and you have expert knowledge of the oil and gas business operations, kindly write a piece stating if you believe Phil’s theory to be correct. According to his beliefs over on Yahoo finance, Zion stock is set to soar to new heights anytime because of this Wellhead being there, as I can deduce. Is he correct or is he all wet? He makes great sense regarding stock market assumptions, but I just don’t know regarding this one>Dean in Maine.

By: Lyndon

Lyndon — Tue, 06 Oct 2009 18:06:06 +0000

Dean, you have a very good point. The issue of the gas and oil discoveries (the honey) attracting the Russian bear down to Israel to take a spoil is one that hangs on my mind. It may take some time though, since these discoveries will take time to find and identify in its entirety, to get out of the ground, to get to the market, to enrich Israel, and to work through the system. It may take several months to a few years. But the more pressing issue facing Israel is Iran’s ability to make and deliver a functional atomic weapon, which seems only a few months away. Most assume Israel will attack Iran, which certainly could happen. But several years ago, I posed the question to Hal Lindsey during an appearance on Joseph Farah’s internet radio show: Why is Syria not named as one of the countries participating in the Magog Invasion? Syria has participated in every major war against Israel since 1948. Could this suggest that Isaiah 17 verse 1 will be literally fulfilled before the Magog Invasion? If this scenario is possible, then we should also be paying attention to the possibility that Israel and Syria may have a conflict that gets out of hand. And after the nuke goes off and Damascus is no longer a city, there will likely be a very strong international call for peace and nuclear disarmament. This is already happening as we speak, and will likely gain irresistable momentum after this nuclear calamity. During this time, Iran and Israel may be forced by tremendous international pressure and international reassurances of peace to end their nuclear programs and disarm. This would explain why during the Magog invasion, the Magog alliance is able to penetrate into central Israel without much resistance (without an Israeli neutron bomb slowing them down). And maybe these oil and gas discoveries will also be the political tool that helps Israel survive and prosper during and after these times. A different scenario, an alternative to the direct attack on Iran–attack the weaker surrogate Syria–and accomplish a similar effect. Let’s see if it plays out this way. Only the God of Israel knows for sure.

By: dean staples

dean staples — Tue, 06 Oct 2009 12:14:38 +0000

I find it most interesting that many of the talkbackers here are not referring to the Ezekiel 38 old testament prophecy of Russia coming down into Israel to take a spoil. I read an excellent New York Post article by retired Army Colonel Ralph Peters yesterday that claims Russia is oil starved at present. Because they have an alliance with Iran, the two are pretty much inseparable should it come down to protec ting the oil fields of the Persian Gulf region. Iran wants to conquer the Jews and Russia wants the oil. Should Israel attack Iran the price of oil could go off the charts, especially if Russia and Iran shut down the Persian Gulf export movements. The hungrier and more confident the Bear becomes,Israel starts to look more inviting to the coalition of bad guys. I believe the Tamar gas find is the first real busting open of the Genesis 49 and Deut.33 prophecy of oil in Israel. Not only that,but it could very well be the busting open of the beginnings of Ezekiel 38. Putin is a real chess player and so is Mahmood Ahmodinnerjihad. These two c ertainly are the ones God had in mind when He wrote the prophecy 2500 years ago. So this kind of brings into focus the times in which we find ourselves alive. Zion Oil is drilling very, very close to the Tamar find. I think they would have to be real bad shots to miss what God foretold in the prophecies. Israel may need all the oil they can get if they bomb Iran. More than likely the Big Bear will pounce on Saudi Arabia and the U>S> under Obam won’t know what to do except gasp in horror. So, God has left that last day oil deposit to strenghten Israel in a time of need. Anyone else care to speculate? Investor and believer in Eliot, Maine.

By: WGMJR

WGMJR — Wed, 30 Sep 2009 19:30:53 +0000

Elijah #3 is at Ein Carmel. Closer to the coast… and Haifa.

By: admin

admin — Wed, 30 Sep 2009 18:28:32 +0000

There hasn’t been any news of a mechanical failure, in fact, Zion elected to stop drilling at their current depth to avoid any chance of a mechanical failure. They’re simply at the end of the drilling phase and the beginning of the development phase. There’s no intention of ‘abandoning the well’; they’re not finished yet. The development phase determines what is commercially producible in the seven ‘areas of interest.’

By: Nick

Nick — Fri, 25 Sep 2009 16:44:14 +0000

Thanks !! GOD BLESS ZION OIL & GAS!!!!!!

Im wondering where is Elijah #3 well located at? Is it near Elijah #1 & 2 wells?

Thank you
Nick.