sandy
From memory the independent geologists report in the IPO document gave it about a 25% POS. Management have said that the risk is medium to low ... that's probably the risk that there is a petroleum system of some sort there .. but I guess the likelihood of oil is lower.
Overall I'm happy with 25% for a first well that is not exactly a wildcat (given other discoveries in the basin) but not far off.
H
what are the odds for success, page-2
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