Thanks. Fibonarchery.
Yes, economically viable AND successful drill work (gas or oil actually flows).
But 8% and 13%?
I thought that modern methods for 3D surveying already increased the chances of identifying reserves (close to 90%??) and it was just a matter of finding the ideal drill hole.
I was looking at 25% and 50% respectively for CINCO and DUHAT mostly due to possible technical drilling issues (leaks, pressure, etc.) but I am no expert.
Would love to hear other opinions though from more seasoned oil investors.
chance of success drilling at cinco , page-3
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $5.762K | 480.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6210087 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2495898 | 7 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| OEL (ASX) Chart |