Risk Component Chance I've copied and pasted the risking associated with the braveheart and artemis prospect used in the independent GEO report below:
Geological Probability of Success of Artemis Prospect Trap 50% Charge 70% Reservoir 60% Seal 60% Geological Probability of Success 13%
Chance of Success of Braveheart Prospect Trap 70% Charge 90% Reservoir 72% Seal 27% Geological Probability of Success #12% # Geological Probability of Success of particular hydrocarbon phase is 6% gas and 6% oil
Now what i find really strange is that they've used higher percentages associated with Braveheart than Artemis (other than the seal) and excluded the DHI De-Risking Multiplier of 1.6... Hopefully someone with good geo skills can explain to me how they have got to such conclusions...?
MOG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held