MOG 0.00% 0.5¢ moby oil & gas ltd

Risk Component ChanceI've copied and pasted the risking...

  1. 214 Posts.
    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...?
 
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