tag:blogger.com,1999:blog-4815867514277794362.post3543630317236908649..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Zion sent their lawyers to get us. It is like being flogged with Jericho lettuce. I drop one on them. They can’t psychologically handle it.John Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-4815867514277794362.post-59145856238890354962009-11-25T09:21:42.544+11:002009-11-25T09:21:42.544+11:00OK, new update from Zion.
Apparently they've ...OK, new update from Zion.<br /><br />Apparently they've hired a consulting petroleum engineer to review their completion plans.<br /><br />I'm not sure why they have done this, as it's pretty clear they have inadequate data and plan to test anyway (and before anyone gets too stroppy, I would do and have done the same thing).Ian Whitchurchhttps://www.blogger.com/profile/14896497136190817451noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-5482121923566436092009-11-13T17:01:15.335+11:002009-11-13T17:01:15.335+11:00Ian - You are hilarious! Maybe God put that tanta...Ian - You are hilarious! Maybe God put that tantalizing Darwinian evidence right under their noses to test their young earth creationist faith? <br /><br />Maybe CEO Brown knows they've got a gusher, but similar to God testing the faith of the YE Creationists, John Brown is testing our faith in Zion!?!<br /><br />For the first time in his life, he has the power to monetarily reward the most faithful of his followers. He is floating just enough news to attract that special class of investor with abundant faith. He will burn the doubters and disbelievers.<br /><br />Or, maybe not. Mayhe he just wants to raise $18 million so he can keep a paycheck coming for the next few years.<br /><br />who knows?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-87729504753093685032009-11-12T09:17:01.653+11:002009-11-12T09:17:01.653+11:00Brian,
Porosity determines how much oil or gas ca...Brian,<br /><br />Porosity determines how much oil or gas can be in your reservoir. It's permiability that determines whether you can get it out.<br /><br />I just dont agree with "Fault zones in drilling are a very good sign for oil". Faults are a game-changer. The shear action of two fault blocks rubbing against each other can create some nice rubble that can host oil in otherwise tight rocks, yes ... but they can also pop your nice reservoir up and over the seal so the oil leaks out, and do several other bad things. Bluntly, known and planned for fault, good. Unknown fault, bad.<br /><br />And what they hit was an unknown fault.<br /><br />Finally, there's no real difference between gas, light oil and heavy oil in migration - given enough time, you need only a handful of millidarcies for migration. The main target is Permian remember - even if we assume charge was post-Permian, we've still got rather a lot of millions of years to play with (*).<br /><br />So yeah, now we wait for the DSTs, ordered on some very dodgy data from washed-out sections. I'll say it again. I think M-R#2 was a real play, with some real geology hiding under the cloak of theology to get funding.<br /><br />But I'd trust them a lot more if they told me what I needed to know.<br /><br />Ian<br /><br />(*) There are things in this world I do not understand. Young Earth Creationists in Texas and Oklahoma are one of these. I mean, FFS, the entire fricken oil industry is based around the conventional Darwinian story - the Permian Basin really is Permian, for example.Ian Whitchurchhttps://www.blogger.com/profile/14896497136190817451noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-88263888667606619512009-11-12T08:38:13.963+11:002009-11-12T08:38:13.963+11:00JT wrote "Thanks for the tip" but it app...JT wrote "Thanks for the tip" but it appears that he has a private blog about Zion. LOL. He's probably the JTMealus poster on the Zion message board on Yahoo...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-89853120856128389072009-11-12T07:00:42.212+11:002009-11-12T07:00:42.212+11:00Ian, when I read report 18 about the low end of th...Ian, when I read report 18 about the low end of the porosity, I thought the same thing. Update 19 or 20 however went in to fractures that they have encountered. They also said they had hit a fault zone which more than makes up for the lack of holes in the rocks. Fault zones in drilling are a very good sign for oil, but unfortuantely stopped them from drilling any lower currently. Glen Perry also said in 07 that the oil they saw in Ma'anit #1 was a very light oil (kerosene) which does not need the same porosity to travel through. I enjoyed your post.Unknownhttps://www.blogger.com/profile/01014819940684654429noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-61191607014507765322009-11-11T20:34:01.731+11:002009-11-11T20:34:01.731+11:00Ian - could you send me an email...
Thanks.
John...Ian - could you send me an email...<br /><br />Thanks.<br /><br />JohnJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-1062770193161612032009-11-11T19:41:38.372+11:002009-11-11T19:41:38.372+11:00OK, Triassic targets. If you really want to know, ...OK, Triassic targets. If you really want to know, go read this. Remember, this play is in what is neutrally called 'the onshore Levant'.<br /><br />http://strata.geol.sc.edu/PDF-Files/ArabianGulf/TriasArabiaSadooniSharhan04.pdf<br /><br />Someone probably also wants to have a look at the 18 Feb 2002 Oil and Gas Journal.<br /><br />Hmm, Triassic coral-algal buildups. A reef play ... interesting. And also the one that failed with Ma’anit-Rehoboth #1<br /><br />Look, I'm guessing #2 was drilled up-structure of #1. At minimum though, this is going to limit the discovery size, as we know that once you get downstructure to where #1 was, its water-wet. <br /><br />Basically, my money would be on the primary Permian target being subcommercial. I'm not prepared to say anything about the secondaries, until I know how far updip #2 is from #1 in the previously-tested Triassics. And Zion appear to be trying quite hard not to tell me this.Ian Whitchurchhttps://www.blogger.com/profile/14896497136190817451noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-45233923351417333402009-11-11T19:16:01.327+11:002009-11-11T19:16:01.327+11:00Y'know, it'd be nice if they told us how t...Y'know, it'd be nice if they told us how thick each of the zones of interest were, and whether any of the zones they hit were high or low to prognosis. I mean, they have the predrill 3D mapping (see the exploration maps), so they could tell us these things if they wanted.<br /><br />Also, what kind of enthusiasm the gas sniffers were showing over what depths would also be nice.<br /><br />We know they are measuring ditch gas - look at p21 of the COO's report to the 2009 shareholders meeting.<br /><br />Operational update 18 has the bad news ...<br /><br />"One of the major issues for this well relates to the presence and type of ‘reservoir rock’. A reservoir rock is a rock that can both store and transmit oil and/or gas. It should have porosity, that is, there should be spaces (pores) in the rock that are not occupied by solids.<br /><br />The porosity values that we have seen are towards the low end of the scale, as was expected at these depths, but fractures in the rock can more than make up for the low porosity readings."<br /><br />Snark on. Reservoir rock without porosity is what we in the trade call 'seal'. Scark off.<br /><br />Their Permian targets are Arqov/Sa'ad - Khuff analogs. OK, fair enough. I'll say now, there is some geology hiding under the cloak of theology, and it's a real play.<br /><br />http://www.reuters.com/article/pressRelease/idUS43051+29-Nov-2007+BW20071129 has some geo detail hiding in there.<br /><br />That said, I'm not a Khuff expert, but what I will say is I'd personally be a lot happier relying on fractures for permiability than for porosity.<br /><br />$20 says the primary targets are subcommercial even if they do flow.<br /><br />I'll make some comments on the Triassic secondary targets in a minute.<br /><br />Finally, a word for our friend Billy. If you are going to bet on the Daily Double, you should know how many legs a horse is supposed to have, mkay ?Ian Whitchurchhttps://www.blogger.com/profile/14896497136190817451noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68912531765492237492009-11-08T03:48:02.765+11:002009-11-08T03:48:02.765+11:00Did you Bronte folks short the stock?
Reasons I ow...Did you Bronte folks short the stock?<br />Reasons I own Zion Oil and Gas.<br />-Israel building a pipline to Ma'anit #2 to be completed in late 09.<br />-Entered Ma'anit #1 well again with Ma'anit #2 well. Why not save 11 million and drill another hole? Because they know what they have, commercial oil/gas.<br />-4,000 continuous feet of hydrocarbon shows.<br />-6 to 10ft well flair at Ma'anit #1 for an extended period to time.<br />-7 zones of interest.<br />-Added thousands of leasing acres to drilling area.<br />-Independent logging results show possible "net pay" at all 7 zones.<br />-Goldman Sachs, Barclays etc.... own shares??? Why would they mess with a stock like this? They always have the insider information.<br />-Stock price goes from 11 to 7. Somebody wants all the rights offering.<br />-Short interest 923k shares in the last few weeks.(Kill price to get less to exercise so big firms can oversubscribe).<br />-Notice the current support level. Last 2 times we hit this price we rallied over 3 pts in a few days.<br />-SHORT SQUEEZE COMING. Highest short % I believe in ZN history.<br />All this info can be verified by doing Google search. I am willing to take an educated guess with the above info rather than Bronte and their it's a dry hole, because it is scenario.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-18120961948049378972009-11-06T17:25:33.923+11:002009-11-06T17:25:33.923+11:00I do not think the ratio thing makes no sense.
Ad...I do not think the ratio thing makes no sense.<br /><br />Add 30 billion capital to Fannie's starting position. Then the ratio would be the same.<br /><br />Fannie would still need to reserve a multiple of its quarterly chargeoffs. It could still be 3 times or 10 times depending on their trust.<br /><br />If Fannie had only reserved say three times its quarterly chargeoffs it would still probably go negative net worth because it started with so little capital.<br /><br />Had it started with the extra 30 billion and done that it would look just like BofA. <br /><br />Question: What are the end losses.<br /><br />My guess - BofA will be about 125 billion - say 13 billion per quarter (currently 9) times two and a half years.<br /><br />Fannie will be about 60 billion - say 5 billion a quarter (currently 2.2) times three years. <br /><br />The starting capital has nothing to do with it - except that Fannie would be wiped out against starting capital and BofA would not. <br /><br />But the ratio of provisions to quarterly losses should be independent of starting capital.<br /><br />JohnJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-86424264463637151282009-11-06T04:38:53.370+11:002009-11-06T04:38:53.370+11:00David Merkel said:
"these sorts of stunts us...David Merkel said:<br /><br />"these sorts of stunts using Christianity to further economic goals embarrasses me."<br /><br />Welcome to the modus operandi of organized religion (especially Evangelical Christianity) for thousands of years.RNnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-55613346505213089702009-11-05T04:18:50.784+11:002009-11-05T04:18:50.784+11:00It's a clever idea to set up shop in Texas. T...It's a clever idea to set up shop in Texas. There is a large population of Christians and a massive population of people touched by oil wealth. They use the very Bible to raise capital. What little geology they do discuss, they mention the permian geological layer that they're trying to reach, which is akin in name only to the richest part of Texas (for oil) the permian basin.<br /><br />Faith is an underpinning for Christianity. Asking someone to have blind faith in an investment is just sad. If this company had a track record then I might give them the benefit of the doubt but without any success to their name, without ever finding one drop of oil anywhere in their entire history as a company, without a penny of revenue, with shares outstanding growing faster than our national debt, with an equity offering coinciding with fuzzy news about a recent well... I'd have to agree, sorry, this is a scam.Satanhttp://www.playboy.comnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-75694897557092216892009-11-04T15:26:54.660+11:002009-11-04T15:26:54.660+11:00I'm picturing you in your best italian double ...I'm picturing you in your best italian double breasted suit doing that rap. absolute classic! has me in stitches!!!Rossnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-12317393160419426412009-11-04T11:41:21.243+11:002009-11-04T11:41:21.243+11:00Great, I'm glad they called you out. People ne...Great, I'm glad they called you out. People need to be held accountable for their statements and yours obviously were misleading and highly prejudicial. <br /><br />Appears to be an honest venture bent on accomplish a formidable task. I don't think I would characterize a well with 7 zones of potential "net pay" as a "dry hole". Dry Holes are plugged and abandoned. Wells with potential pay are developed and tested. Sounds like they may have something here. Thanks for the tip. Looks like a great spec play.JThttps://www.blogger.com/profile/13927571273310990855noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-85418530507273193232009-11-02T12:33:31.656+11:002009-11-02T12:33:31.656+11:00The good people working at the SEC warn investors ...The good people working at the SEC warn investors about all of this highly unprofitable penny stock bull....<br /><br />http://www.sec.gov/investor/pubs/microcapstock.htm<br /><br /> Google it, Qualitystocks.net BONZ...... <br /><br />Google, Qualitystocks.net Zion Oil and Gas.<br /><br />When you're finished searching those results, Google this, C&H Capital Engaged to Assist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-88962111454513901032009-11-01T21:45:19.177+11:002009-11-01T21:45:19.177+11:00Glad you appreciate the subsubsubgenre...
Nobody ...Glad you appreciate the subsubsubgenre...<br /><br />Nobody else commented - but I thought being flogged with Jericho lettuce was hysterical.<br /><br />But I have a twisted sense of humour.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65251640832776070182009-11-01T21:36:56.691+11:002009-11-01T21:36:56.691+11:00Ooh, first wild sighting of "Israeli resource...Ooh, first wild sighting of "Israeli resource stock scam hip-hop". Subsubsubgenre of nerdcore, I suppose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-43100746933611183882009-11-01T02:06:22.572+11:002009-11-01T02:06:22.572+11:00jono...
do you know the origin of Jews ?
they wer...jono...<br /><br />do you know the origin of Jews ?<br />they were from Kashmir Zone(India-Pakistan)<br />whose migrated as Slave Workers to Mesopotamia at- B.C-.and learned --one god religion beliefs -- there.<br /><br />note : once the British had manipulated them many times ! still,, !!??<br /><br />don't afraid.owlnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-860844392120882692009-10-31T13:59:42.161+11:002009-10-31T13:59:42.161+11:00you're correct in your opinion that jim is mor...you're correct in your opinion that jim is more aggressive than tim and would be the appropriate us attorney's office.<br /><br />selective disclosure with respect to information which may have a material effect upon share price, net earnings, revenues, et al is a reg fd violation.<br /><br />does whole foods carry that jericho lettuce? it looks right tasty.Lettuce Preynoreply@blogger.com