Speaking of probabilities: "A recent review of more than 850 wildcat wells - all drilled after geochemical surverys - finds that 79% of wells drilled in positive anomalies resulted in commercial oil and gas discoveries."
Therefore the chances of getting no result twice in a row is 21% x 21% = 4.41% of PEP11 being unsuccessful twice in a row.
Hence, the chance of finding something is 79%.
6 months from now, page-12
Add BPH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $15.82M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $14.59K | 1.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 4812256 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 844280 | 4 |
View Market Depth
| Last trade - 11.17am 17/10/2024 (20 minute delay) ? |
| BPH (ASX) Chart |