Simplicity for Seff and others31 Oct 2022 10:45
The next well has a risk factor of 0.27 ie 27% geological chance of success, many assumptions have been made: in statistics confidence intervals are normally defined. Read almost any BMJ or Lancet paper and you will almost always see detailed statistical information.
Some useful info might come out of MOU-1, it may be producible with a lot of luck.
Therefore wee Seff keep it simple! your CO2 project reasoning for being here if not in abeyance is completely 'Donald Ducked'.
MOU-2, formerly '4 has a typical gcos for such a drill, better than a pure wildcat but still high risk. If you can do simple arithmetic try applying a commercial success factor? Go for a high one of say 50% and what is the result??
The SLR report is ok, the positively spun interpretation doing the rounds has to be viewed through frosty glazed sceptical spectacles!
Back to hold for the last few posts following rereads of the CPR. It is all well and good but what dilutions will be inflicted on our holdings if many more expo wells are needed?
Look at Fastnet and Island oil, Griffiths hasn't poked many holes in Morocco!!! err so to speak...