another success, page-4

I dunno the history behind the Waggamba JV but its interesting to note in MOS' presentations that the POS (Probability of Success?) for Waggamba development wells are/were around 80% (compared with exploration wells elsewhere at around 20%). I wonder why MOS didnt go 100% in Waggamba given the higher probabilities, rather than give CS Energy a piece of the action??? MOS have 100% in a number of higher risk exploration wells. I can understand them wanting to reduce exposure to higher risk wells but not the money for jam wells. I spose there could be a strategic angle in that CS energy is a gas customer.