Fundraiser COS22 Aug 2018 18:17
I would genuinely be amazed if this goat is capable of making money
3rd party says "20% chance of commercial success" so im buying it on a duster.
Do you understand the term COMMERCIAL success? i,e oil in place, oil price, flow rates, route to market, cost per well etc.
Probability of oil in place / oil shows likely in the 40% range. This probability is then continually risk adjusted as other COMMERCIAL aspects of the project are taken into account.