......drilling a 3 dollar well.....sp 14cnt...

Guys, came across some research on another forum by a well respected investor. The research and link is below.

As Jim mentioned - and thanks Jim, your post is excellent; it's concise and accurate - the mrkt is giving a 4.3% probability of sucess, whilst the actuall prob of sucess is in the vicinity of 25% or so.


So, look, there just does exist the potential for oil to be found, and a big big return to be made.


Well worth some due dilligence before results come out.


Cheers!