Based on the cos% on the CTP website for Ooarminna 2 50%, Johnstone 22% and Magee 26%, the probability of sucess of having at least one well strike something:
1 - ((1-0.5) * (1-0.22) * (1-0.26)) = 71%
or in other words, 1 minus the probability of failure in all 3 wells.
5.5c cash backed and 3 mind boggling wells, page-29
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