Brief: Zion Oil And Gas Flags Going Concern Risk
11/05/2020 23:42
May 11 (Reuters) - Zion Oil and Gas Inc ZN.O :
* ABILITY TO CONTINUE AS GOING CONCERN DEPENDENT UPON
OBTAINING
NECESSARY FINANCING TO UNDERTAKE FURTHER EXPLORATION,
DEVELOPMENT ACTIVITIES
* CURRENT OPERATIONS ARE DEPENDENT UPON ADEQUACY OF CURRENT
ASSETS
TO MEET CURRENT EXPENDITURE REQUIREMENTS
* SAYS DURING MARCH QUARTER, CO INCURRED NET LOSS OF ABOUT
$1.61
MILLION AND HAD ACCUMULATED DEFICIT OF ABOUT $207.4 MILLION -
SEC FILING
* SAYS SOME FACTORS RAISE SUBSTANTIAL DOUBT ABOUT CO’S
ABILITY TO
CONTINUE AS A GOING CONCERN
Source text for Eikon: ID:
Further company coverage: ZN.O
((Reuters.Briefs@thomsonreuters.com;))
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