RE: for what its worth21 Sep 2018 06:47
The logic doesn't go does it...
SL were always viewed as low probability to strike oil, so majority used and justified their reason for waiting on the side lines (which is fine btw, everybody has their own strategy).
Now moving onto Wild Horse. Yes, probability is slightly better, but no one can argue chances of failure is still higher than success. Which in comparison scenarios wise, not much difference compare to SL
Statistically speaking, both wells has more chance of failure over oil. Just because some chooses to buy in earlier and get two shots rather than one SL + WH (statistically doubling your chances in hope of a find), the people bought in earlier are getting battered by so called share prophets
Now going back to whats to come. The so called share prophets are now positioning themselves for WH. I would like to ask the a question.
Question 1: Why buy in WH on low COS just like SL? (Like a few have said, potential doesn't matter if statistically we don't get a find)
Question 2: Or do you guys that sat out of SL think WH will be a commercial strike?