I would argue the industry wide average of a successful wildcat well is even lower - at say 15-20%. It used to be 10% but technological advancements have improved it slightly. For established basins such as Gulf of Mexico and North Sea, it will be higher.
For all the capital thrown at improving success rate and recovery rate, we are still not very good at it. It is almost as if some investors have gotten so used to STX's abnormally high success rate that any sort of failure is considered to be such a shocking event.
618
Update please Stuart, page-11
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $672.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 22.3¢ | $2.882M | 12.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 348502 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 223310 | 6 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |