RE: Presentation says 63% chance of successIs there not one reader who has the confidence in their investment... to tell taxdemicco, EOIM and Maysteeler
that they are committing a crime on the LFD board ? It's fraud.
The presentation shows Petroleum in Place, not oil, but measured in potential oil barrels.
The presentation shows undiscovered prospective resource. The P10, P50 and P90 numbers are for recoverable amounts if a discovery was made.
63% geological success does not mean commercial success. There is a 63% chance that the formations they expect
will be where they expect them to be. Seismic cannot read oil or gas.
Prospective Resource, which is what they have, needs to have a risk of discovery and a risk of development applied.
Chance of discovery multiplied by the risks of development by a 63% geological risk. Always less than 10%.