RE: RE: RE: RE: RE: seismic result must be very gothey have less than a 10% chance of discovery leading to development.
I think you have that backwards. They already know there is oil there from the 4800bbl/d C7 well. I'd say they have a 90% chance of development, which means I'm giving a 10% chance of the discovery pool being too small to develop.
Everything else you said is pure crap except the 40% working interest and 40% royalty, you actually got that right.