Post by
taxdemicco on Jan 02, 2011 1:08am
Presentation says 63% chance of success
I looked at slide 8 of the October 2010 presentation on the companies website:
"It says that there is a 63% percent success rate of finding 6 billion barrels of oil at P10, 600 million barrels of oil at P50"
Where can you get better odds than this? This means that the miss rate is only 37%.
Compare this with VST and WZR where the miss rate is 83%, chance of success is only 17%.
LFD is called a development play.
VST is called a wildcat play.
To make safe money, you always buy a development play, just like SOROS has with $ 6 million now and, $ 6 million by September 2011.
JMHO