OTCPK:WSRLF - Post by User
Comment by
canadafoxon Jan 13, 2014 2:41pm
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Post# 22085906
RE:RE:January Presentation
RE:RE:January PresentationNFL; You do realise that a Chance of Success figure greater than 40% is VERY HIGH and is not low. 50% risk is a VERY attractive figure in E&P. An excellent CofS is 30%.... Your multiplication however derives a risk of BOTH wells being dry. An even more specious analysis. There is virtually no chance of this occurring as H-1 Jeribe is as certain as you can be without a test actually being performed. Do some research and whilst you are at it learn some mathematics and how these CofS are 'derived'.
Also, WZR will NOT be selling to the local market under current plans. They will be trucking to Khurmala for entry into the new export line.