5.5c cash backed and 3 mind boggling wells, page-135

Guys!!
I have patiently read all these posts on "Probability" of success of on coming wells!!

Sorry but it is all nonsense if you want to rely on mathematics and probability for results of drilling holes you may be in for disappointment big time!!!

The real issue here is "Science"! In this case how well does current day Seismic Surveys relate to actual results. There have been thousands of wells drilled in past decade when we have had an explosion in Computer Science and Data Analysis! This surely must have developed a percentage correlation between Seismic and actual results! Someone must know this!!(I dont!)

This is from where the real "percentages of success" should be calculated.
CTP recently announced they had found old Seismic Data (But no follow up) and this with all the money spent in recent months on new Seismic coupled with the past Gore Chemical Survey analysis (again no follow up!) supposedly being an accurate pointer to hydrocarbons should indeed be a far more accurate assessment of likely results than all the silly mathematical probabilities posted on this thread.

Unfortunately CTP does not give out enough info on these scientific assessments of success so one cannot make a sensible assessment of likely success.
But Probability Theorists may as well bet on Horse Racing or Roulette.. I can give you plenty of discarded schemes for probability of success at these pursuits if you want!!

Don