From my reading of the accuracy of this technology (90%+) I think I'm going to interpret the chances of the survey showing oil as 10% to 50%. What I mean is this. If after 2D/3D seismic chances of finding oil with the drill bit was 10% to 50% then the CSEM survey has a 10% to 50% chance of finding oil. If the CSEM sussests OIP then we have a 90% to 100% chance of hitting oil with the drill bit. So I'm saying from here we have a 10% to 50% chance Shell will take up their option to go ahead with a well.
Tez.
csem starts, page-10
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