An Observation It seems like the smaller companies that try to go and drill a well on their own to put them in a stronger negotiating position for future farm out deals with super majors are missing the target. Look at both CGX Energy and now Chariot, they both try to drill a smaller target well by themselves and both came out as dusters. However, both have much bigger targets that will be drilled by majors - Nimrod will be done by Petrobras in Q3 and CGX Energy has Jaguar currently drilling by Repsol.
Petrobras may be the best at the offshore drilling business and BP also has a 70% success rate, so Nimrod in Q3 of this year could be huge for everyone. Also Tower should farm out soon and they could also have their well drilled by a super major this year.