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FORENT ENERGY LTD. V.FEN

Energy Oil & Gas E&P
"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm generates the majority of its revenue from Oil sales."


TSXV:FEN - Post by User

FORENT ENERGY LTD.
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Comment by LoganCopper1on Jan 18, 2012 11:28am
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Post# 19416960

RE: RE: RE: RE: Price Target

RE: RE: RE: RE: Price Target

According to their November presentation, success is estimated at 23% per well. And no, you cannot say "so the chance of success for the program is 46%" the chance of success is independant of one another, so the chance of hitting is 23% - whether we drill one well or 10 wells.

 

https://www.forentenergy.com/files/Forent_Energy_Nov_10_2011.pdf

 

 

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