Petro Rio S.A. HRTPF

RE: What are the chances?

[DrillaHill]

Chance of Success to find hydrocarbons (P90) in Baobab

Baobab COS 26% P90 23,4%

Chance of Success to find hydrocarbons (P90) in Murombe

Murombe COS 23,5% P90 21,15%

Chance of Success to find hydrocarbons (P90) in Baobab or Murombe

1- (0,766*0,7885) = P90 39,6%

Chance of Success to find hydrocarbons (P90) in Baobab and Murombe

0,234*0,2115 = P90 5%

+ if we include Sivaradi with a COS (which we don't know) of let's say 20% P90 18%

Chance of Success to find hydrocarbons (P90) in Baobab, Murombe or Sivaradi

1- (0,766*0,7885*0,82) = P9050,5%

Calculator https://www.calctool.org/CALC/math/probability/3_events

GLA