RE: LFD Risk AssessmentThat's a little strange huh ? A 63% chance of finding oil... when it's already been found. They're not taking any chances.
That's certainly a conservative approach... may as well have said it like this,
Although we've already got 6 billion barrels, and a well that produces at 5k bopd, we figure there's a 63% chance
of finding it once again. The reason for this is because we are using a driller who goes by the name
Wrong Way Willie. Maybe the petroleum geologist... doesn't know what he's talking about.