CTP salaries, page-92

Dear stockrocker, you are indeed correct, this campaign as per any wild cat venture is an at risk situation, life it’s self is a gamble, but with the assistance of the below, the Russian roulette scenario of gambling is somewhat removed:
Seismic exploration and data analysis
3 D computer modelling
History (statoil....)

The reality is that most wildcats turn out to be dry holes, in fact about 82% of those drilled. Also, not every development well becomes a producer, which demonstrates that nothing is a "sure bet" in the oil industry.

The big question remains, was the 82% supported by 2D followed by 3D, data interpretation followed by detailed analysis. Was the 82% failure rate inclusive of those wild cat wells undertaken in organic-rich source rock located in anticlines, next to favorable faults.Dummies guide to gambling

Russian roulette has conations to gambling, it could result in a fatal consequence. Give me calculated risk versus “gambling” strategies any day.

I also take comfort that in all most recent drilling efforts undertaken by CTP and its joint venture partners, hydrocarbon discoveries have been made, one such discovery providing some $800,000 of recent banked income. I believe Mt Kitty and the Johnston oil wells recently drilled by CTP and JV may also one day prove to be possible producers, amazing what science can do to remove the adhoc “gamble” from the equation.