itc drilling oil, page-3

hey wasa,
good to see you holding as well.


current success rate for ITC is 75 %

hornet - gas
canberra - dud
ventura - oil
mirage - oil

3 discoveries from 4 wells drilled.

yes over the long term that success rate is expected to peter out.
i remember reading the current success rate in the cooper is averaged at 40-44 %.
so thats probably why they have used the 40 % assumption.

can someone verify this.

cheers