CVN 3.03% 16.0¢ carnarvon energy limited

What could happen next, page-79

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    Conversely, and it's the more likely scenario, a failure would send it back into the bottom drawer. Nobody should assume success in this game.... spend a bit of time over in the STX forum and see how aggrieved some SHs are at the failure of SE3 and SE2, two wells they had pencilled in as foregone conclusions...and they are onshore and had been drilled already. This is offshore and the stakes are exponentially higher. I'm not saying don't explore by any means, that's CVN's raison de e'tre, but getting carried away with concepts like a 'CoS better than 50%' etc. is just asking to be disappointed.
 
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