TSXV:ART.H - Post by User
Comment by
Baxter4on Aug 30, 2010 11:24pm
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Post# 17398074
RE: RE: RE: RE: RE: RE: RE: RE: good40
RE: RE: RE: RE: RE: RE: RE: RE: good40It's more reasonable to assume a 20% chance of finding oil, a 20% chance of development... or a 4% chance.
Don't forget there are 7 major targets, so you have to multiply your 4% by 7, so the chances of commercial success is then 28%. If you go back to the normal 10% you've been stating over and over (and over and over), then the chances is 70%. Good odds, aren't they!