"If the JV can prove up much more than 670mmbo then you will get a rising share price. But that's a less than 10% chance"
Umm ... I think at this stage the JV s only trying to prove up a 50% chance (P50) of there being as much as the previously estimated P10 contingent of 670mb. That is to say moving P50 to the P10 value. So does that not make the chance of this happening 20% not 10%??
Sorry, my head is spinning
pj
Ann: FAR Secures Option on New Block Offshore Senegal, page-64
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