IVZ 0.00% 7.0¢ invictus energy ltd

Ann: Mukuyu-2 Well Services Awarded - to Spud Q3CY23, page-46

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  1. 6,875 Posts.
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    quick question Kiwi...given they had a "discovery" with M1 and we can say hit gas etc what are the chances of hitting gas/oil/helium with their second attempt in M2? I mean just because they hit pay dirt first time each new hole is still looking for gas/oil etc. In terms of percentage chances what chance are they of a successful M2 all things being equal. Hard question I know but is the rate 4 in 1o 2 in 10 or 8 from 10? Just a quick stab will do with averages used...maybe averages don't so much apply here? Chances of hitting SFA with M2?
 
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